this post was submitted on 24 Feb 2025
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In a way crypto has fulfilled the promise of "banking the unbanked"... Its just that the main group of ”unbanked” people happened to be criminals and scammers.
Its been a huge boom for scammers, before this you had to convince people to use wester union or something and convince a person they are talking to some inconvenienced soon to be oil barron, now all they do is throw up a website with tradingview charts and people will throw money at them.