memes

Both sides are bad

Yeah, I'm going to buy my games with bitcoin now.

Oh shit, the fee is higher than the price of the game, can I use Litecoin ?

Lmao, crypto tech bros coming out of the woodwork trying to get popularity for their bag holder's game...

Also pretending that shit hasn't been bought up by wall street

Crypto remains a pyramid scheme masquerading as a resistance against tyranny

Ironically you know what ACTUALLY protects from powergrabs by payment processors? A fully centralised, government backed form of digital cash that is fully equivalent to paper money.

Ask a Brazilian about pix. Super low fees (often feeling non existant). And transactions can't be invalidated on the whims of a corporate board. For something to not be buyable by pix it has to be illegal, thus having to go through every layer of checks and balances a democracy has.

The problem with visa and their ilk is that finance has been privatised. Too much power in the hands of corporations that have deftly dodged regulation that would keep them neutral and honest. Thinking privatising things further and turning everyone into a fully unregulated petty digital landlord is gonna solve anything rather than make it worse is foolhardy.

Benefits of centralization: Someone can counteract harmful interactions.

Drawbacks of centralization: Someone can decide legitimate interactions are harmful.

It does suck when the “harmful interaction management system” goes haywire. But I’m not sure it sucks enough that I’d rather simply not have one.

Yeah, but one is extra bad for our enviroment while being a scam.

Isn't this a right wing meme about centrists, but with the text changed?

The Bitcoin side wouldn't catch you, because that interferes with the user's choice to hit the ground.

Cash is King.

Crypto is to peacocking men what MLMs is to american housemoms.

Credit card companies should be nonprofits under democratic control.

Sure, lets replace a regulated scam with an unregulated scam, that will solve things /s

https://www.web3isgoinggreat.com/

Bitcoin bros are acting like little pushed around victims now?

what

Crypto is still a scam.

Last time I checked, BTC transaction fees were prohibitively high to pay for 80$ AAAA games with them, and WAY too high to pay for a 5 USD single-developer itch.io game.

I haven't looked at other Crypto in a while. I made some money off BTC, but I think it is wildly overvalued for a long time, and I've been disappointed in how un-currency-like other alternatives were, even those that have been around long enough that they are unlikely to be rug-pulls.

That said, if you need to get paid and Visa/MC won't let you use them, I'm not going to attack you (too hard) for accepting Crypto. They are bad systems, but we live in Captialism, so you gotta get paid. They might be the least-worse system that is global and isn't Visa/MC. I'm unlikely to buy your product that way, tho; I'm more likely to pirate than I am to participate in cryptocurrency again.

The insane thing about Bitcoin's continued popularity is that out of all the thousands of cryptocurrencies out there, it's easily the worst in every regard.

I'm not going to name names for fear of being called a shill, but if you want a cryptocurrency for just buying stuff there's a ton that are more stable, faster, don't cost a fortune to process, and don't destroy the planet.

I honestly never understood how Lemmy, a privacy and decentralisation focused community, is so vehemently anti-crypto. It's worse than genAI. Every time it is mentioned, everyone goes "crypto is a scam". I don't think I've ever seen any good faith discussion around it, just "scam", "pyramid scheme", and "only criminals use it".

Let's get something out of the way immediately: shitcoins are a literal pyramid scheme and a scam. Anyone can make their own cryptocurrency in an evening, and anyone who throws money at them is either a fool or a gambler.

But I really don't understand what people mean when they say Bitcoin, or Ethereum, or Monero are a scam. Sure they can be used to scam you, just like Amazon gift cards can. Maybe it's about the price volatility, but the price of all 3 mentioned before is up on a day, week, month, 6 months, year, and 5 year scale. It's volatile, but is not a scam. If you bought and sold at two random points in time, it's more likely you made a profit than "got scammed". You know what actually is a scam? Credit scores, overdraft fees, having to pay to check your balance, and so many other fucked up practices in the US banking system.

"Criminals use them" is just the worst fucking argument, especially in a space like this. Are PGP, VPNs and TOR for criminals too? Do you think getting rid of crypto would stop crime?

And yes, proof of work fucking sucks. The energy consumption of Bitcoin mining is a problem. I am not a cryptobro who spends all his time making trades and is here to tell you that crypto is the salvation. They are far from being "good" for everyday use. I just wanted to point out how it seems that critical thought gets shut down at the sight of those 6 letters, and I hope someone can explain to me what they find so terrible about crypto (aside from environmental concerns and shitcoins)

Part of me wonders if this is all a play to boost crypto values by the execs in these industries.

Yes let’s definitely side with the scam that’s been around for two decades and its only practical use is to rug pull chumps yes this is good advice

Honestly, what's the point of a credit card? Why don't people mostly use debit cards? It gets just directly wire transferred from your account. No sort of junk fees or monthly subscription needed. Genuine Question.

If you do not know a lot about "crypto" then I would say the main thing to understand is that there is Bitcoin (not owned by any single entity) and then there is everything else. Other "coins" are owned by corporations that can make decisions about it and change it to some extent. These are extremely risky.

Bitcoin (btc) does have risk but much less. It is not owned by any company or person or country. It is like the internet, only exists because tens of thousands of internet providers(miners for Bitcoin) around the world make it possible. Bitcoin has, in its codebase, a limitation that any change must be agreed upon by 95% of these providers(miners). This way security patches and bug fixes can be added because everyone agrees those are good. Other harmful changes would never reach 95% agreement therefor could never be implemented. There is a limit of 21 million Bitcoin and this number can never increase unless 95% agree to it... which they never would. This is in stark contrast to normal money which is constantly printed(at random rates depending on who happens to be in control at that moment) so that the supply increases making its value drop.

Scamming happens with cryptos, Bitcoin, euros, dollars,yuan... and always will.