this post was submitted on 24 Jul 2024
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I don't even need to read the rest of the thread, this HAS to be the dumbest take. And I think cryptocurrency is inherently a pyramid scheme.
Welcome to Lemmy!
Yeah, I don't get it. We all came here because Reddit, a centralized service, did us dirty and we got pissed and left. We just came out of high inflation and many areas still have high inflation, and it's largely because of central banks doing us dirty, but we're fighting to maintain that status quo.
Yeah, I get it, there are a ton of scams with cryptocurrencies. There are also a lot of fiat scams as well (stock picking, hard money lending, etc). Don't hate the tool scammers use, hate the scams.
It seems many here miss the forest for the trees. Most cryptocurrencies are scams, but there are a handful of interesting ones:
As long as you don't see it as an investment, it's totally fine. I have never and probably will never "invest" in Bitcoin because it's all hype and I don't think there's any reason to think it'll continue going up.
I hate how much banks and governments snoop on my transactions and sell my data to the highest bidder, and Monero offers a way to recover my privacy. Bitcoin lightning is also pretty good, but its privacy features aren't quite as good.
So don't "invest" in crypto bu do look into it as a currency. If enough people use it, stores will start accepting it (and I've seen a handful that do).