It is annoying semi annoying maybe but like I use it to do black market things, anarchy stuff, getting medicine where gov provides shit. It is such a crutch
But you dare to mention it on mainstream media and you will get lynched or banned for whatever reason nowadays.
Kinda irks me because it helps with my disability so much to get stuff I need, medicine. I couldn’t function without it
Just ranting I guess, I do too much of rants admittedly
Edit: So I see all the scams created bias about this tech which is unfortunate. But looking aside this tech is pretty rad though maybe too much resource intensive depending on implementation
Aside from fairly limited use doing… let’s call them privacy-minded things, a lot of cryptocurrencies are useless bandwagoning at best, highly random objects for speculation in many cases, or obvious, unrepentant pyramid schemes or other fraudulent bullshit at worst.
Cryptobros have managed to completely destroy everyone’s patience for it by relentlessly pitching The Next Bitcoin (one of the zillion different ones, that is) every millisecond for years, to anyone not physically resisting it, so… yeah, now nobody wants to listen anymore. Go figure.
Eh who cares about these cryptoschemes really i mean yeah I can understand that. They always were stinking of fraud
Shitcoins they were called iirc
I only love crypto because it evades facist gov. Seems more and more needed as time goes on
But then imo we are heading into cyberpunk reality
Crypto is a fascists government’s wet dream - they can literally follow the chain of transactions, and bitcoin is pseudo-anonymous at best unless you as a user take extra steps to anoymize yourself.
People don’t like nuance. A lot of scammers, a lot of pump and dump schemes, a lot of unregulated market exploitation took place " on the blockchain ". That’s what most people think about. So the PR is terrible.
For monero, which is trying to be digital cash, not an asset you hold, not a speculation, just a transactional currency. It’s great. I advocate it to the people I associate with, and I use it for legitimate services all the time, VPNs, donations to nonprofits, domain registration, hosting, many things.
The main thing you have to focus on, is the utility, don’t worry about the popularity contest online. If there is utility, and it’s better than other options, people will use it. So you have to make sure the ecosystem is friendly, usable, and practical for people. Once that exists the rest will fall into place.
Proof-of-work based crypto has been a disaster. It consumes huge amounts of electricity and other natural resources but produces nothing of intrinsic value. It’s spawned whole new criminal enterprises committing whole new categories of crime.
Cryptocurrency in general has been an abject failure. It has not become a genuine currency. It is not a store nor a measure of value; it’s value is measured in fiat currencies. It’s closer to a commodity, but unlike actual commodities you can’t use crypto to make anything useful.
99.99%+ of cryptocurrencies are Ponzi schemes designed to enrich the person or persons who started it. That’s why everyone and their dog is setting up their own cryptocurrencies. If crypto actually lived up to its promise of being decentralized and impossible to manipulate there wouldn’t be a new type of coin being invented every 5 minutes.
And NFTs? Don’t get me started.
People got hung up on the gambling of it by celebrities.
People love celebrities and they scammed them so now crypto must all be a scam.
I have been following the tech since it dropped.
Crypto solves plenty of real world issues such as quickly and efficiently handling transactions. A project like Ripple has been working with BOA and their payroll division to cheaply handle transactions and scale the service as needed. Something our dinosaur ACH system sucks at terribly.
It also solves warehouse management issues. Warehouse management has become increasingly asymmetrical with massive hubs such a Amazon growing exponentially within the last 15 or so years. People cannot keep up. Give everything a RFID crypto tag and you can find anything anywhere.
It’s stable and efficient tech. People who say otherwise may not know the good projects as opposed to the scam coins/projects.
If a celebrity is doing it, don’t buy it. The conditions have changed, this isn’t 1960 and celebrities are just d bags mostly. Just my observation living around and knowing some.
Anyway crypto is dope, the cultural bullshit and lies aren’t. And most people are fairly dumb. Which is why we need a working Google and not whatever the current garbage state it’s in.
BTW Coinbase is the only barrier to entry I am aware of. Safest, most regulated exchange and has a lobby in Congress.
Get educated not “cultured”.
Crypto is used to do scams and illegal stuff more easily, and you don’t understand why people hate it?
Read again my answer as long as you don’t understand.
It is an anarchism heaven, I love it
No regulations, no control. Decentralized
I see that you haven’t read enough.
deleted by creator
victims of scam can go fuck themselves.
Are you even aware of what you are saying here?
From an IT perspective, blockchain technology is a solution in search of a problem. From an environmental perspective, crypto is a disaster. From an economical perspective it’s too unstable to be anything but gambling.
Buying drugs over the internet is the only real reason crypto currencies can be useful. Hell even in person it’s better to use cash.
Maybe that’s the only use case but it is fucking good at it. Amazingly good
Besides cash could be removed by govs to ‘protect us’
And obviously cash cannot be used over distance
Cryptography gives power to the people. US even wanted cryptography banned at some point but it turned out not feasible so they pretended they changed mind
Lemmy is another thing that gives me hope in the future
