this post was submitted on 06 Jul 2023
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Just got very lightly flamed by another user for making fun of crypto and was told that Lemmy and crypto have “the exact same advantages and disadvantages”. Now I disagree heavily there, since even if it shares some principles I’d argue that the scale of the problems change when you’re talking about a global finance system versus a social media platform filled with beans. But it did get me curious- how many of you are crypto supporters?

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[–] [email protected] 2 points 1 year ago

I'm a fan. Go ahead and downvote me.

[–] [email protected] 2 points 1 year ago

Not a crypto hater so much as the idea of it goes.

It's a lot like the rest of the internet: anonymous things moving and interacting can be unpredictable. From what I've seen on the dark net, I'd assume we will see the same extremes manifesting in transactions; that is that it will be very helpful for crimes, but also very helpful for ppl who need weed medically but can't get it legally, ppl who need money because they are pursued politically, or ppl in other dire circumstances.

It's all very complex, and I think there is a legit good reason for it. That said, I'm not the person to judge what outweighs, I just know it's far more complex than "crypto bad" or "crypto yes". Let's just hope whoever will be in this position is far knowledgeable in that regard than me.

Sincerely, a small developer and 3d artist.

[–] [email protected] 2 points 1 year ago

Lol. If they're comparing Crypto and Lemmy and getting mad, that's probably just one way of how they got sold on crypto by whatever community they're in. Just ask anyone who uses crypto a simple question: If I pay for a good or service, and I am not given that good/service, what should I do? Having a decentralized money exchange is great (and much needed), as a supplement to a centralized one. Something like Lemmy on the other hand has nothing to do with trading value, it's moreso contribution for the sake of adding value into a shared system. I'm not going to try and find retribution for someone not answering a question I post, because I didn't pay anyone to answer it.

[–] [email protected] -1 points 1 year ago

I appreciate the philosophy, resilience, resistance to censorship, and individual control that both types of decentralization provide.

Crypto has many scams only because it is intended to be traded or used as currency. Bitcoin, Ethereum, and a few others have held their value over time because of the network effect: more people use it to transact, so it maintains it's worth as a means of transaction. All those shit coins and alt coins were absolute scams because there was no way to use them (you can use Bitcoin to actually buy products and services).

Decentralized platforms that promote beans are also cool, but their currency is lulz. There's not much value for that outside the platform.

[–] [email protected] -2 points 1 year ago

I am. Did it full time for a living for about two years when I was sick. Had $300 dollars left to my name, and turned it into over $200k and paid off stuff for me and my girlfriend and then got a little house.

Not sure what comparison of crypto and Lemmy is, but guess thats my answer. I understand peoples view on support and not supporting crypto.

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