Hacker News Reader

> Fake crypto is not, as far as I know, a problem.

As it happens, crypto-less cryptocurrency is very much possible as demonstrated by the OneCoin scam: https://en.wikipedia.org/wiki/OneCoin

https://www.fool.com/the-ascent/cryptocurrency/articles/what...

View on HN

There are lots of projects that describe themselves as a "cryptocurrency" that are lying by some definition! That, imo, goes back to the difficulty in assessing the technical rigor of the projects.

I more meant that I do not have the impression that people selling fake bitcoins (or eth or whatever other coins people buy) is a problem. If you want to buy a bitcoin, it is easy to do that in a verifiable way.

Reply on news.ycombinator.com