@Cyia@metalhead.club

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.

You know, side effects of US imperialism... 🤷‍♂️

As for the energy consumption of the whole **banking** system, even the most ridiculous calculation I can find (this one: https://hackernoon.com/the-bitcoin-vs-visa-electricity-consumption-fallacy-8cf194987a50 ), forget to mention that such banking system serve several order of magnitude more transactions than the whole criptoindustry.

Even taking into account the millions of fake #NTF transactions used to pump their price!

_____

As for educating you about the limits of #blockchain I really would not know where to start...

After more than ten years #blockchain is an old tech still lacking a real problem to solve.

Maybe this interview at FTX boss might open your eyes: https://www.bqprime.com/onweb/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned

Or might be not.

You know @strypey joked that "people otherwise smart" have a "cult-like antipathy" against the #blockchain.

In fact psychology has a category that fit well with crypto-believers: #delusion.

It's a psychiatric disorder where people believe something surreal despite all evidences.

Having saw a loved friend facing such issue, I had to study the issue for a while.

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.

So I learned that delusions are due to experiences that contradict deep beliefs over which your own identity is based.

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.

So usually arguing about the belief is pointless, people simply cannot accept what they experience and invent the best explanation they can.
(and note that the smarter is the person, the harder is to spot the issue as the construction might be incredibly realistic!)

Anyway, in #DeFi and cryptoindustry there are tons of unscrupulous people who know they are scamming people and they are fine with it.

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.

In such case there is nothing anybody can say or show to make them change their mind.

I hope it's not your case.

Good luck!