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cryptocurrency and related discussion
If cryptocurrency were remotely real, pegcoins would be accepted everywhere online, but they're not so it's not
submitted 11 months ago by [deleted] from self.cryptocurrency
[deleted]
[–]TheMaharishi 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 11 months ago (3 children)
Do you believe in fiat currency? Because crypto is a lot more real than for example the dollar. A gold or whatever backed currency is of course the most real.
[–][deleted] 11 months ago (1 child)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago (0 children)
I’ll have you know that my ungka-bunks tribe from an undiscovered remote island has figured out how to exchange materials based on good faith and trust. We’ve evolved beyond the need for technology and can telepathically hack your networks to bring you this message.
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago* (0 children)
Well, you may return back to the gold standard way into the distant future - given the horrible stuff centralized governments are doing. Digital coin is technically an alternative to gold since the chips that run cryptography utilize gold, but if the grid goes out - transactions are negatively affected. If they shell proofed a long lasting dedicated connection with wires under the ground to survive quakes/hurricanes along with power lines then you may have something possible. Doubt there’s enough incentive to do that since Covid may have put a damper on labor markets.
[–]Node 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago (0 children)
Crypto is fundamentally a surveillance gambling scheme. The actual use for it in everyday life is zero.
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago (5 children)
Crypto works great....when there is high acceptance. Bitcoin had all the big names briefly, then hurried to change their block fee system from the original design. Fees soared, and companies accepting them left in droves. Small blockers wanting to get rich with lightening network. erased 5 years of adoption gains overnight and exposed how Crypto's centralized weakness is its need to interact with the legacy banking system. A little pressure from the centralized gatekeepers to liquidity and Bitcoin bent over quickly.
[–][deleted] 11 months ago (4 children)
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago (3 children)
Why would companies use shit peg-coins, rather than real decentralized coins? Peg-coins don't give any benefit over US IOU bucks with dead president paints on them.
[–][deleted] 11 months ago (2 children)
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 11 months ago (1 child)
Price stability isn't important. The price is compared to dying USD iou's. 1 Bitcoin equal 1 Bitcoin, that does not change.
[–]TheMaharishi 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (3 children)
[–][deleted] (1 child)
[deleted]
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]Node 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (5 children)
[–][deleted] (4 children)
[deleted]
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (3 children)
[–][deleted] (2 children)
[deleted]
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (1 child)