- cross-posted to:
- bitcoin@lemmy.world
- cross-posted to:
- bitcoin@lemmy.world
35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.
F that
35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.
F that
Cryptocurrency is speedrunning ruining everything. We might as well have a laugh at the cryptobros’ expense in the meantime.
I loved the concept at first, the idea of a decentralized currency all handled by encryption, and transactions permamently stored in a public ledger for all to see.
Then the cryptobros and the scammers caught wind of it and it’s all downhill from there.
If you want the name of a payment techology that isn’t snake oil, isn’t blockchain-based, isn’t a cult, doesn’t claim to be a currency, doesn’t work on proof-of-work or proof-of-stake, but actually does provide certain privacy guarantees for your basic purchasing needs, is cryptographically secure, and can be used with only FOSS, I recommend looking into GNU Taler.
The only downside is that it’s not really supported anywhere at all yet. But I do hope it becomes a real thing some day.
Thanks, I’ll read on it :)
AFAIK there’s a lot of talk about making GNU Taler the basis for the ‘digital Euro’ which is curently being debated at the EU Parliement.
GNU Taller is pretty fragile, though. One bank issues unbacked tokens and the credibility of the whole system goes down the drain. It’s the current financial system, just rebranded. Also, it promotes taxation which automatically makes it a cult & scam.
The fuck? How does Taler “promote taxation?”
Fuckin’ Libertarians.
Exactly like Tether. USDT was never backed 1:1 by USD. They don’t even try to deny it anymore. They admit it’s backed by “various assets, including BTC”, which smells like a market manipulation.
“Customers can stay anonymous, but merchants can not hide their income through payments with GNU Taler. This helps to avoid tax evasion and money laundering.”
Thank you for being honest about being pro-tax-evasion and pro-money-laundering.
These things weren’t introduced as a gimmick they are used to solve specific problems.
Please describe how I can send the money to my mom in Russia (disconnected from SWIFT) with GNU Taler today. I’ll wait.
I don’t know how I could possibly have been more explicit about it not yet being ready for any real-world use cases than I was.
It will never be ready. It doesn’t even make sense. To transact with real fiat like the US dollar, you’ll have to go through an official on-ramp and an off-ramp of the respective government. And to do an international transaction you’ll have to use one of the widely accepted systems like SWIFT. GNU Taler doesn’t appear to address anything like that. Anyhow, my comment was made with the premise of this whole thread in mind, i.e. “Bitcoin is stupid” or “snake oil”. Yet there’s no alternatives to what crypto provides. So is it that stupid after all?
How wasteful!
Anyhow, today I’m going to resume using a currency backed by oil and nukes, which encourages consumption on purpose. I will then either exploit workers by investing in a for-profit business, or get poorer.
But someday, in the future, economics will work the way I expect them to. That’s when I’ll switch to something better!
Russia has had oil and nukes and it didn’t stop the ruble from collapsing in the 90s
Maybe reexamine your assumptions
Oil and nukes won’t stop the dollar from collapsing either…
Exactly. With Monero, she gets it in seconds and no one can stop it.
lol the downvotes. your mom is clearly evil and doesn’t deserve any money
Scammers use the technology because it actually works and does what it says it does. And criminals and scammers and such are generally the first ones to adopt a new technology. Such as bank robbers adopting the automobile in order to get away faster.
I liked the idea for awhile as well. But for me, learning about the “proof of work” underpinning is what changed my mind. That - and the fact that cryptocurrency does not actually have any of the strengths that it claims to have. It’s definitely and interesting idea… but in practice it’s all just scams and incentivised waste.
That’s interesting. I’ve initially written it off as a scam. Until I’ve learned about the proof-of-work.
Did they or did a bunch of media get pushed that told us all what these crypto bros were doing like shitting on beaches and taking our jobs.
Seriously though I’m picking up on a trend that a lot media has a greater influence on opinion then I’ve ever seen before
Bitcoin is over 15 years old now, that’s not a particularly fast speedrun.
I would rather point my finger at wall street or financial institutions not at the tools that offers a viable option to avoid these