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idk why crypto is so hated (lemmy.ml)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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It is annoying semi annoying maybe but like I use it to do black market things, anarchy stuff, getting medicine where gov provides shit. It is such a crutch

But you dare to mention it on mainstream media and you will get lynched or banned for whatever reason nowadays.

Kinda irks me because it helps with my disability so much to get stuff I need, medicine. I couldn't function without it

Just ranting I guess, I do too much of rants admittedly

Edit: So I see all the scams created bias about this tech which is unfortunate. But looking aside this tech is pretty rad though maybe too much resource intensive depending on implementation

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[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

People got hung up on the gambling of it by celebrities.

People love celebrities and they scammed them so now crypto must all be a scam.

I have been following the tech since it dropped.

Crypto solves plenty of real world issues such as quickly and efficiently handling transactions. A project like Ripple has been working with BOA and their payroll division to cheaply handle transactions and scale the service as needed. Something our dinosaur ACH system sucks at terribly.

It also solves warehouse management issues. Warehouse management has become increasingly asymmetrical with massive hubs such a Amazon growing exponentially within the last 15 or so years. People cannot keep up. Give everything a RFID crypto tag and you can find anything anywhere.

It’s stable and efficient tech. People who say otherwise may not know the good projects as opposed to the scam coins/projects.

If a celebrity is doing it, don’t buy it. The conditions have changed, this isn’t 1960 and celebrities are just d bags mostly. Just my observation living around and knowing some.

Anyway crypto is dope, the cultural bullshit and lies aren’t. And most people are fairly dumb. Which is why we need a working Google and not whatever the current garbage state it’s in.

BTW Coinbase is the only barrier to entry I am aware of. Safest, most regulated exchange and has a lobby in Congress.

Get educated not “cultured”.