Makes sense, considering cryptobros seem to want "get rich easy" and the orange dumpster fire certainly panders to that demographic.
this post was submitted on 27 Jul 2024
118 points (91.5% liked)
politics
19135 readers
2082 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
I feel sad for a lot of people in crypto. There's a certain sense or feeling of disenfranchisement among the American people, which is how people like Trump gain favor in society. Trump promises you everything and lies about all he takes away. He's seen after all as some "alternative to the establishment", an establishment that has exploited and fucked over the people over and over again. In a sense, this disenfanchisement, economic disenfranchisement affects people into crypto. Never underestimate the power that poverty and economic hardship has in making desperate people delusional.
Trump is a rich old white racist man with no talent who made money off daddy's fortune.
He's the embodiment of the establishment. This makes sense since that's what they want to go back to.
They forget that's what led them here.
And crypto bros spent the last decade hoarding bitcoin as a means to decentralize the currency, only to shill for next coming of Nazi dictatorship
Cognitive dissonance is strong among cryptofascists
That's not what cryptofascist meannnnnnsssss
On the other hand, the old kind stopped hiding and just became regular fascists.
Confirming that Bitcoin is a scam.
Dunning Kruger effect is big in this one.
much of crypto is a scam...bitcoin is not. blackrock and fidelity are just two companies who are heavily invested in its success. the media shouldn't portray bitcoin along with other crypto, but it does. it's too bad.
Sorry, Bitcoin is a scam. Blockchain technology is not a scam, but 99% are simply because they have little to no utility; their value is entirely speculative. Bitcoin is not anonymous, transactions take forever, are more expensive than banks (for transferring normal sums of money), and the energy required to secure the network is a non-starter. It's like calling a Model-T the best car ever made. Monero is the best cryptocurrency implementation so far, because it is the opposite of all of Bitcoin's failures I just listed — that's why governments around the world are trying to delist and outlaw it, and block institutional investment in it.
Things aren’t scams just because they aren’t efficient or really good.
- it's pseudo anonymous and that doesn't make it a scam. it actually is a great way to track transactions and protect privacy at the same time.
2.transactions take about 8-10 mins.. this makes it a better store of value than spending cash. However, this has been remedied with a 2nd layer application called Lightning Network. And again, this doesnt make it a scam.
- more expensive for some, less for others. for instance, it is a very cheap way to transfer money overseas like for many immigrants who support their families in their native country. where Western Union would take a large cut just to move the money, Bitcoin accomplishes the same exact thing, for pennies.
Maybe you mean you just don't like Bitcoin? That's fair, doesn't make it a scam. Maybe you prefer more anonymous cryptos like monero? That's fair also, still doesn't make Bitcoin a scam.
Personally I prefer Bitcoin because it's decentralized. Nobody owns it or controls it. The people closest to the money printer don't have an advantage over the common people who save in it. Not to mention you aren't surrendering your purchasing power to the government via inflation.
You missed the biggest points, it has no utility and its value is entirely speculative.
Secure time stamps
It's not "decentralized." That's a buzzword. Anyone buying into that after all these years is a fool.
except it actually is decentralized. anybody can run a node and contribute and the network adjusts to how many people are contributing.
calling it a "buzzword" and calling people "fools" or whatever doesn't change this fact.
When it comes to privacy and anonymity Monero would be king. The FBI and NSA has demonstrated that Bitcoin is not as "private" as many claims.
agreed. if you want to keep your dealings completely anonymous, definitely go with monero.
He can't even pander all that well. When he spoke to them, he ended his speech with this
"Have a good time with your bitcoin and your crypto and everything else that you're playing with"
If you ever needed more proof that all crypto is a scam...Trump is pushing it, so...scam.
...But bitcoin is doing just fine as it is...? It's up overall, year over year. The only thing that's not great about it right now is that exchanges (like Coinbase and Circle) have to report how much you have and move around, for tax purposes.
I've got a relatively small amount of bitcoin that I'm holding on to; it's been holding value, relative to the US dollar. So what are they saying *isn't" great...?
Bitcoin gets thrown in with the other cryptos. people who don't know what they're talking about also do this thanks to the media. Bitcoin is most definitely not a scam.
Needs more ellipses and statements ending with a question mark.
...it does?
Can’t wait for them to lose all their money
You're right. I was overwhelmed by your staggering ignorance. Lol.
