this post was submitted on 06 Aug 2023
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Privacy

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[–] aldalire@lemmy.dbzer0.com 4 points 1 year ago (1 children)

I agree, but it’s a shame that crypto has garnered this reputation as a get rich quick scheme. It reaally had the potential to upend digital currency and end our reliance on banks.

Currency only has value when people think it has value. And at this point, the current state of bitcoin, the largest crypto, isn’t very great.

Monero is a good contender for digital currency, as it has privacy set on default and it follows the spirit of the bitcoin whitepaper than bitcoin ever did, imo. Its value is stable, and more privacy companies are accepting it as a valid currency for their services (mullvad, for example)

[–] Dubious_Fart@lemmy.ml 9 points 1 year ago* (last edited 1 year ago)

Crypto has garnered that reputation, because thats all it is. Since its inception. Its never been anything but.. Anyone who thinks otherwise were just people who fell for the scam.

Its nothing but a MLM for idiot techies who think they are smart, but would totally pick up a USB drive in the parking lot and plug it into a critical system to find out whats on it.