• 0 Posts
  • 48 Comments
Joined 10 months ago
cake
Cake day: October 24th, 2023

help-circle














  • Yep I definitely agree with your last point. And likewise, appreciate that we could have a discussion about this sensibly. Not sure a finite currency would solve these issues as they are human issues. My take would be addressing the human aspect of these problems through education, which is to be fair pretty unlikely to happen.

    As you say though conversation is the way forward, whether we’re taking about crypto or anything else. Cheers :)





  • You know bank transfers are almost instant across most of Europe right?

    That’s a US specific problem. Solutions already exist.

    Yes, there are serious problems with the current system. I hear you, and I agree.

    Fiat isn’t the problem. These are problems with human behaviour, lack of oversight, and a system that incentivises bad practice.

    Crypto does nothing to fix any of them, and in most cases simply makes them worse. It’s not a solution, it’s just touted as one by the crypto rich to bring in new money.

    Just look at the rhetoric vs reality. It’s not ok for governments to just print money on demand, but it is ok for Tether to print Tether on demand which they then use to buy shitloads of BTC to pump and dump the market?

    It’s the same shit, just even worse.

    We’re all being fucked over by the same ultra rich, and technology is not the answer to that.

    Voting in and supporting people who want to start taxing these fuckers and holding them to account is a step in the right direction.


  • Do you know what a blockchain is? It’s not cutting edge technology at all.

    You’re right though, there is a compatibility problem.The BTC network is designed to be inefficient and it’s slow as fuck. Why would we replace a fast and pretty efficient system with a slow one that also makes your money unrecoverable if you make a typo?

    That’s not even touching on how fun it would be to buy your groceries when BTC crashes 20% overnight.

    Or how ridiculously convoluted using crypto is in general. And how easy it is to get hacked, scammed, rug pulled.

    It’s complete fantasy mate. I’m guessing you’re deep in the crypto space from your comments, which are the same old non arguements over and over, so no one ever talks about any potential negatives. That in itself should tell you everything you need to know.

    I’m not saying you can’t make money with crypto, but it’s a casino and nothing more. The rest is just feel good bullshit sold to you to make you buy and hold, generally.