Crypto is not a scam - phonebank

Which is another important point, to @xenu and others who wish to engage with complete newbies, I think it's absolutely critical to highlight this distinction beforehand; that crypto is in fact a massive scam, and Monero is the exception to that rule, due to XYZ...
https://monero.forum/thread/preserving-moneros-culture-during-bull-run#reply-4422

I think any crypto is better than whatever the fuck banks are doing. We could say banks and all other crypto are a scam, other crypto is just less of a scam than banks but still a scam.

Banks make Bitcoin look elegant.

Would you rather use Bitcoin or a bank?

The most common answer I've heard to this question is: fiat currency is issued by the government and backed by the government, so who invented crypto? Does it have guarantees? In reality, this typical question stems from a lack of understanding of blockchain technology. The community has already provided countless direct responses to such claims: modern currency is essentially a valueless token/blockchain is based on consensus, and any holder recognizes this consensus, therefore it has financial market value... and so on, there's no need for us to debate this further. However, I'd like to discuss this from a different angle.

People's discussion focuses on whether crypto has guaranteed consensus, but they don't discuss that the guarantee of fiat currency, even for the government itself: is extremely limited. When governments face disasters brought by fiat currency, they function like limited liability corporations rather than legal entities with unlimited joint and several liability, governments will issue new currency, governments will implement bizarre policies to effectively control currency value, and governments can even declare bankruptcy. In more extreme cases, when the problems caused by currency become large enough, governments may even sever their relationship with the fiat currency they themselves issued, and by ceding monetary sovereignty (at the extreme end, completely abandoning their national currency and adopting foreign currency) to maintain their rule.

Government responsibility for currency is limited, whereas in a certain sense, every blockchain user's responsibility is unlimited: when a blockchain drops to zero, all users suffer 100% loss of their investment. This is why I believe crypto's consensus is more robust: all users have a reason and in fact a responsibility to support and maintain the value of their own wealth.

to be honest, somehow i disagree with poll "text" that you put on there,
any crypto if his nature was decentralized, its almost safe....
and what the hell dude, why you just linking some url on your thread?
make better post, better argument and better things to read, instead just linking some url, that you doesn't even give any "context", do you expect people read some random url attachment and make some opinion about it? dont be lazy

also
bitcoin, litecoin, you named it. any of that crypto doesn't make monero looks bad or scam, nor the release of monero make any other crypto scam
the problem is when we include unknown coin to the game, which doesn't had enough fundamental like bitconnect, they claim decentralized yeet they seems centralized at any front.

more than that, things like "USDT" isn't crypto at all... they're stablecoin build on smartcontract. the fundamental is hold by 1 entity, which can freeze your assets. while monero, btc, ltc, can't. something like that. so if you make poll said "Yes, XMR is the only cryptocurrency that's not a scam" its dishonest at best. and misslead at worst. we shall "different" with other community, not just selling those type of propaganda. instead we should "push" more understanding about privacy, and huge benefit using monero, instead said "Yes, XMR is the only cryptocurrency that's not a scam".

imagine with that in mind, we "almost" saying monero isn't scam, and bitcoin scam. the "feels" on the post "you ONLY think monero is safe, and other else is scam" on there....
anyway
happy weekend guys