That’s a… peculiar way to view it. I like it.

Not sure what your link is supposed to prove. I could make the exact same site but with problems related to the banking system, and trust me, it would be a lot worse.

Well, you said it: using crypto.

I believe you don’t hold massive stacks of cash under your bed, though you might occasionally withdraw cash.

I also believe you don’t keep all your money on your normal bank account. You invest some, as investing is better in some situations.

Well, for crypto it’s the same. Sometimes it’s better to pay in crypto, like in situations where you don’t want to be tracked because you’re privacy concious, or maybe because you don’t trust or hate banks, or because you like the technology and want to see it develop, or because of international payment/transfer fees, or because your economy is overinflated (like in poorer countries)…

You can also decide to take the potential risks and hold the crypto, or just swap to a stablecoin. Stores prefer switching to fiat to simplify their legal declarations, have clear incomes and expenses. They just accept crypto because customers want to pay with it.

Nice

Jif

Cursed gif

The slanted eyes emoji

🥱

Your data goes through them. Some scanning could have already been done, and data has been sent. Sure it’s better than nothing, but it’s not better than fully switching

Low effort troll

Your statement is technically true for everything you buy. You make the market price go up, so every owner benefits from it if they intend to sell at some point

It’s the same for stocks, it’s the same for houses. Welcome to economics

This ^

Most vendors do frequently sell or convert to stablecoins to avoid this problem, and in times of uncertainty, they often charge more to cover the eventual losses

It enables this, yes. Some may like it, some don’t.

I believe I should be free to buy porn, weed or start a seedbox. Not that I will do it, but being able to use the currency for what I deem acceptable gives a big feeling of freedom.

Chains like Monero are an exception of course and yes, there are ways to anonymize other wallets too, but it requires a great deal of care, more than I personally trust myself.

No worries, you got an XMR fan here. Churning and swapping to remove all leads

My biggest problem with card payments is the fixed fee, which, for small payments, is enormous. When I donate to some content creator, I hate that 30% of what I send is cut into various fees, and that’s even before VAT and tax.

Gas fees are only a thing in some cryptos. BCH, LTC, XMR have nearly non-existent fees.

Wire bank transfers suck big time. Enormous fees when sending to foreign countries, and it’s also super slow.

Wdym by “modern bankcard”? And I feel like the USA are pretty good in terms of crypto

I don’t believe so. I saw that in class, and she wasn’t portrayed in a wrong way. Most people had positive impressions about her. I just felt that she didn’t do anything this hard, and saw that she really was here for the cameras.

I’m glad to see she’s doing these kind of things now

I don’t agree with your first paragraph. It’s virtually the same as banks and stocks.

Banks give you interest, but that is not a function of how money works, that’s something the bank does

So is owning ETH… all ETH is not staked. And even if it was, how does it matter? In the end everyone gains the same percentage.

Apart from that, everyone uses compounding interests and most people reinvests dividends.

You’re free to unstake your ETH at any point.

Haha yea funny

I like the show and I wanted to have a community for it on Lemmy rather than Reddit

Apart from that, crypto usage increased due to dark net markets so there’s a real link

It means you spied on me though 👀😂

Someone could say crypto “is a scam” in that the proof of work aspect encourages miners to keep adding more hash rate to the network so long as it is profitable to do so and not whether the network actually needs it. It takes crazy amounts of energy for simple transactions.

I don’t see how it makes it a scam. But anyways, by definition, a bigger hash rate is always good.

Someone could say crypto “is a scam” in that proof of stake algorithms (like Ether) is just a plot for the rich to get richer and favor early adopters who have more coins.

You mean just like stocks, and banks, and real estate, and investing? Doesn’t make it a scam either. Find better algorithms. Crypto works because people use it. If something is better for everyone, it’ll end up gaining traction.

Someone could say crypto “is a scam” in that it’s controlled by technology and not laws and can’t be fixed. Someone stealing it is more likely to get away with it because it’s not like a company can just revert fraud.

I could see a valid reason in this but when you get into crypto, you know what to expect. I feel like I have been personally scammed by the banking system and PayPal through abusive reversals, which funnily enough, is fraud caused by the anti fraud system. Many people abuse this stuff.

For the crypto value thing. Well yea. Not everyone agrees it has value, but that stands for pretty much everything. You could draw a parallel with art. Most people don’t give a fuck about your black and blue painting that apparently costs millions. People might also not care about a blue spider hat. It doesn’t make it a scam in any way. If people pay, then it has value to them. No one forced them to buy crypto. They’re not a great value store, they’re a risky investment and usage product, just like stocks. It doesn’t make it a scam.

Someone could say crypto “is a scam” because it is often used in scams and makes it easier for scammers to be anonymous and lock down funds they steal.

Not a scam but it would be a valid reason to hate it. Cash is the same. Government seizing crypto because it was linked at some point to a scam even though you’re not linked to it is a scam imo.

I’m not really convinced by any of these reasons. They’re valid reason not to like crypto, but none of them makes it a scam.

I always viewed her as the girl who just cried and everyone said respect for that. I thought it was a bit dumb and cringe.

I’m glad to see her do things like this. It changed my mind. Respect to her.