this post was submitted on 17 May 2026
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Crypto haters are mad because they keep saying crypto is dead while it becomes more widely adopted, integrated, etc.
It's just cryptography plus capitalism. Ofc it's going to be shit but it's no worse than ugly green paper decorated with enslavers.
Ahah, yeah, it's so wildly integrated everywhere, like drug deals, and illicit payments for scams, and some government sanctioned terrorism, and plain old scams. And gambling, can't forget about illegal gambling.
Tbf, "real" money is also used for those things.
But also for all other things. Like, a hammer and a gun can both be used to kill a person, but one is a multipurpose tool that can be misused with various success, and the other is a purposefully created one, and if you try to hammer a nail with it, it will be a miserable experience that yields no results.
You think Bitcoin was created specifically for crime?
I mean, just because you aren't keeping up with the use cases doesn't mean everything is scams.
Girl, your profile pic seems like nft, nobody took anything you're saying seriously for years, the fuck do you think I'm gonna start now
Nft profile pic, .ml account, crypto defender.... It's some kind of trifecta of idiocy but I can't think of the correct word to define it, if it even exists.
It's fucking hilarious though.
Yeah. That's way more wide than it was 10 years ago. You're sarcastically making their point. It doesn't get integrated into good things, but the government acknowledging it is a crazy step towards legitimizing it.
If you mean the American government, they adopted the technology to run official pump-and-dumps, yes. But that's actually my point, it's not used for anything but crimes and gambling, because it's not useful for anything else, and the second criminals will figure out any other way to transfer large sums of money to each other they will use that instead of clunky crypto, and then it will only be used for illegal gambling.
I should admit, using crypto is way better than stuffing piles of cash into homemade submarines.
I think your point is not actually a counterpoint to theirs. It's able to be used only for crimes and be more widely adopted and integrated than ever.
Also, you're able to exchange Bitcoin for cash now. That's a gargantuan leap forward in terms of legitimation
I cannot understand in what world "being used more by criminals to do crimes" can be considered legitimation. It's kind of the opposite really. By definition almost.
You were able to sell your scamcoin for cash since the beginning of it, it was always allowed. It's not even a step, it's the same as it was before.
This is a great read: https://www.penguinrandomhouse.com/books/725770/blockchain-radicals-by-josh-davila/
There's a small but strong niche of Leftist cryptobros out there, building blockchain tech to help the working class. But yea overall crypto is a just a technofeudalist nightmare
You are on Lemmy you can't talk about capitalism as anything but the devil