Shamar<p><span class="h-card"><a href="https://metalhead.club/@Cyia" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>Cyia</span></a></span></p><p>Traditional banking is not a math-washed scam, but for sure the Gramm–Leach–Bliley Act of 1999 enabled thousands of financial scams culminated in the 2007-2008 global crisis.</p><p>You know, side effects of US imperialism… 🤷♂️</p><p>As for the energy consumption of the whole <strong>banking</strong> system, even the most ridiculous calculation I can find (this one: <a href="https://hackernoon.com/the-bitcoin-vs-visa-electricity-consumption-fallacy-8cf194987a50" rel="nofollow noopener" target="_blank"><span class="invisible">https://</span><span class="ellipsis">hackernoon.com/the-bitcoin-vs-</span><span class="invisible">visa-electricity-consumption-fallacy-8cf194987a50</span></a> ), forget to mention that such banking system serve several order of magnitude more transactions than the whole criptoindustry.</p><p>Even taking into account the millions of fake <a href="https://qoto.org/tags/NTF" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NTF</span></a> transactions used to pump their price!</p> <p>As for educating you about the limits of <a href="https://qoto.org/tags/blockchain" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>blockchain</span></a> I really would not know where to start…</p><p>After more than ten years <a href="https://qoto.org/tags/blockchain" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>blockchain</span></a> is an old tech still lacking a real problem to solve.</p><p>Maybe this interview at FTX boss might open your eyes: <a href="https://www.bqprime.com/onweb/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">bqprime.com/onweb/sam-bankman-</span><span class="invisible">fried-described-yield-farming-and-left-matt-levine-stunned</span></a></p><p>Or might be not.</p><p>You know <span class="h-card"><a href="https://mastodon.nzoss.nz/@strypey" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>strypey</span></a></span> joked that “people otherwise smart” have a “cult-like antipathy” against the <a href="https://qoto.org/tags/blockchain" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>blockchain</span></a>.</p><p>In fact psychology has a category that fit well with crypto-believers: <a href="https://qoto.org/tags/delusion" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>delusion</span></a>.</p><p>It’s a psychiatric disorder where people believe something surreal despite all evidences.</p><p>Having saw a loved friend facing such issue, I had to study the issue for a while.</p><p>It was scary because the more you argued against the false beliefs, the more the person delves deeper into the delusion, constructing surreal explanations to justify the contradiction you show them.</p><p>So I learned that delusions are due to experiences that contradict deep beliefs over which your own identity is based.</p><p>It might happen, for example, when a person discover to be attracted by people of the same sex at a late age, after a life as a seducer or something like that.</p><p>So usually arguing about the belief is pointless, people simply cannot accept what they experience and invent the best explanation they can.<br>(and note that the smarter is the person, the harder is to spot the issue as the construction might be incredibly realistic!)</p><p>Anyway, in <a href="https://qoto.org/tags/DeFi" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DeFi</span></a> and cryptoindustry there are tons of unscrupulous people who know they are scamming people and they are fine with it.</p><p>But there are also several people who cannot quit either because “it’s a liability for your career” or because they’ve bound their identity to such bullshit too strongly.</p><p>In such case there is nothing anybody can say or show to make them change their mind.</p><p>I hope it’s not your case.</p><p>Good luck!</p>