1·
22 days agoThat will not suffice
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- 31 Comments
Joined 11 months ago
Cake day: December 3rd, 2023
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Strawberry doesn’t appear to include a visualizer?
Imagine being so fleeced by a scam that you post messages pretending others are dumb for not falling for the scam lmao
Saying crypto is pretty much the same as cash is disingenuous.
You don’t need to make an account to spend cash. You don’t need to pay fees to give cash to someone else. You don’t need to pay fees to process cash transactions. You don’t need an internet connection to acquire or spend cash. Cash transactions are executed in person, where mistakes can be reversed. If my personal info is compromised, my cash on hand is safe. Cash is generally much more stable, and is generally accepted everywhere.
And let’s address a biggie- cash doesn’t destroy the earth, unlike crypto. For all the protest I see about AI’s energy consumption, crypto was worse in 2022 than AI is projected to be in 2027. Let that sink in.
What is needed before crypto can actually be useful:
- needs to be as easy to use as real currency
- needs to be able to be spent freely on basic necessities
- recourse for fraud
- recourse to recover lost keys instead of losing funds permanently
- protection against market manipulation
- widespread merchant adoption
- address liquidity concerns
- actionable process to protect from illegal activities
- MASSIVE environmental protections- crypto was worse for the environment 4 years ago than AI is projected to be in 2027
There’s more, but I won’t bother as the above issues are more than enough to confirm that crypto is a scam.
How is it convenient? Its not simple setting up a wallet, picking a coin, registering with a market, hoping that the merchant you want something for happens to take your type of coin? And being anonymous is a turn off for most people- the vast majority of people want consumer protection. Merchants carry higher risk with a volatile, unregulated market, so they are hesitant to accept it.
Why would I pay fees to buy a faux currency, to pay for a pre-paid card of the same currency I used to buy to the faux currency, to spend it on things that can’t be paid for with the faux currency anyway? What?!?!
You might have had a salient point if the ancient Greeks made it popular for “solving thirst across the known world,” but really it was a novelty. Or if crypto was marketed as a novelty. But crypto was hyped to be the next big things, spreading around the world, no monetary boundaries. The same people making those claims are spending hundreds of millions on the election to making sure it stay unregulated with no consumer protection.
But sure, crypto somehow parallels steam?
99.9% of people could not pay for what they want or need except the handful of niche places that happen to accept it. Can’t pay medical bills with it, can’t buy my food at the grocery store with it, can’t buy my gas with it, can’t really apply it where I want to, only in the few spaces I get to.
That’s not what the developers claimed it would do, or what the investors wanted it to do. It’s not cost effective or simple. It’s created more problems than it’s solved. It flat out a scam.
Until there is an actual use case for Crypto, it’s definitely a scam as a technology. It exists only for investors and scammers, anyone attempting to actually use it is getting reamed.
He pointed at Twitter’s “success” after Elon took it over as reasons why he is enshittifying Reddit. That comment is why I left Reddit and haven’t looked back.
11·4 months agoThat’s not prostitution because the gift was not for the sex, but instead not to be cannibalized. It’s very clearly a case of “extortion under the threat of cannibalization!” 🤓
Even in post scarcity, bartering would resume and the stigma would persist. Either way, how the transaction unfolds in not where wrist-wringers get caught up
I don’t think changing the mode of payment would curb any stigma. The stigma isn’t about the transaction, it’s about autonomy and the only path to removing stigma is normalizing that autonomy. And protecting it.
We are talking about the world’s oldest profession here. Prostitution far predates the invention of currency, as transactional sex goes farther back than recorded history.
Currency is not needed for prostitution. All that is required is payment, in any form. This occurs during transaction, which constitutes trade.
I don’t think making prostitution more difficult by requiring barter solves anything at all.
I’d counter that prostitution is sex work in exchange for something of value, and chickens still 100% qualify. I don’t think splitting hairs on currency vs. chickens changes anything here
Big doubt. Sex work was stigmatized back when there was only bartering. The stigma isn’t about the money at all. It’s about the nerve of someone to use their body to get by. Until people stop caring what other people do with their body, this issue will remain.
Ok, techbro lmao. Crypto using more fossil fuels in 2020 than AI will three years from now is a heck of a hill to die on.
So any other fiat currency not your own is not real?
No, any currency that is not widely accepted and is not able to be used to pay for necessities is not a real currency. Fiat currency is government issued. Crypto is in no way a fiat currency.
If you end up with “real” money, where’s the scam?
Let’s see… extreme volatility, lack of regulation, lack of consumer protection, the fact that many ICO’s have turned out to be scams really points to crypto being a scam. Not to mention that whatever profit you think you made in no way offsets the damage to the Earth from using more non-renewable energy than even AI (which is saying A LOT).
Got evidence to support that? Sure, you can also confirm with 30 seconds of Duck Duck Go.
Bitcoin- 173.42 terawatt-hours used in 2020-2021. It has increased since then.
AI is estimated to ramp up to using 134 terawatt-hours by 2027. This means they use much less than that now, and are estimated to be below 2020’s bitcoin power consumption after ramping up for 3 more years.
Study, paywalled but with sources listed:
Bitcoin also uses over 60% non-renewable resources compared to AI which much more heavily leans into renewable in data centers. It’s not even a contest, crypto is extremely bad for the environment.
Oh, are you talking about the insanely high non-renewable energy used to mine coin and distribute, which is way beyond even AI?
Because I think it’s pretty evident that the coin halving heavily impacts our environment as it now takes twice as much energy to create the same value.
Actually giving a shit about the Earth 101 for ya.
If you think caring about one tragedy means ignoring another, that’s a ‘you’ problem.
People who actually care about human suffering don’t play the ‘whataboutism’ game—because it’s not a contest, it’s a crisis. Your deflection isn’t advocacy; it’s just lazy, performative outrage disguised as moral high ground.