11
Depending on where users are located, it might be the only realistic option they have if they want to donate. Besides, traditional payment systems like PayPal, MasterCard, Visa etc are all problematic in their own right.
"Depending on where users are located, it might be the only realistic option they have if they want to donate."
Could you give us an example of such a location please?
"Besides, traditional payment systems like PayPal, MasterCard, Visa etc are all problematic in their own right."
Could you give us an example of such a location please?
Russia, which is blocked from other international payment systems. Or any other authoritarian country where you might not necessarily want the government to know where you donate your money to.
Whataboutism fallacy.
We're still throwing around fallacies like it's 2010? Okay, I cast fallacy fallacy!
When talking about whether a donation button should have a specific payment option, it's relevant if the alternatives it offers are better or worse. Otherwise, the argument might as well be to not have a donation option at all.
Fallacy fallacy
Lol
"Russia, which is blocked from other international payment systems."
Fair enough.
"We’re still throwing around fallacies like it’s 2010? Okay, I cast fallacy fallacy!"
Guess I'll simply parry with fallacy fallacy fallacy—quoting from your linked Wiki: "That one can invoke the argument from fallacy against a position does not prove one's own position either, as this would also be an argument from fallacy".
Your latter argument for the crypto cult is that the others are problematic too, therefore it's okay to join the cult. This invalid reasoning renders the entire conclusion void. I did not claim your conclusion is false, only that your reasoning is invalid.
"like it's 2010?"
There's no expiration date on logical reasoning.
No one abides by community rules 😞 or understands that c/asklemmy is supposed to be a clone of r/AskReddit.
- Open-ended question
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
This is more a question for !lemmy@lemmy.ml.
Wait until you learn about tradfi
EDIT: to answer slightly more seriously, crypto is just a tool. The great thing about crypto is that anybody can use it. The bad thing about crypto is that anybody can use it. Yes, there's lots of dogshit out there (by lots I mean like 95% or more). But the big projects, BTC, ETH, defi stuff like AAVE, Compound, etc are very useful tools. I don't think people realize how exploitative the banking and finance industry really are, and crypto bypasses most of that.
This whataboutism is probably the most used fallacy within the crypto"currency" sphere. If A and B cause cancer, and A was first, it doesn't follow that B is less malignant.
Quoted from my Crypto Cult Science essay linked in the original post:
“Strong currencies are not the solution to poor governance. Good governance and democracy makes a country and its currency strong. Not vice versa.” —halukakin, HackerNews, 2021
Talking about logical fallacies while summarily hand-waving away all of crypto is pretty interesting.
I guess some random HN user is smarter than the research arms of these companies who are all building on and utilizing crypto: https://ethereumadoption.com/
😂
Edit: stablecoins have already reached parity with traditional payment networks
And yea, like the other user said, just don't use it! Nobody will be mad that you don't use it, or care. I don't have venmo, so I don't use it. I don't get mad when somebody offers it. 🤷♀️
"I guess some random HN user is smarter than the research arms of these companies who are all building on and utilizing crypto"
List of fallacies in the aforementioned statement:
"I don’t have venmo, so I don’t use it. I don’t get mad when somebody offers it."
Venmo is not a multi-level marketing pyramid scheme, all crypto"currencies" are^["The only example of cryptocurrency not being a misnomer is TU Delft's blockchain euro [15]. But if it is practical remains to be seen since Africa has superior payment alternatives that don't require blockchain at all—which I address further down." —Crypto Cult Science].
I'm just blocking you now. You're just trolling
Are you 14?
"Are you 14?"
Irrelevant.
ad hominem (adjective, ad ho·mi·nem (ˈ)ad-ˈhä-mə-nəm -ˌnem)
- appealing to feelings or prejudices rather than intellect
- marked by or being an attack on an opponent's character rather than by an answer to the contentions made
Cryptocurrencies are a tool, similar to how money is a tool. You can't blame money itself for all the scummy shit done using it, similarly for cryptocurrencies.
Now whether it's about their impact to energy consumption is a whole other deal that I too dislike about it, but it's a really good anonymous funding tool without being under the influence of payment brokers.
"Cryptocurrencies are a tool, similar to how money is a tool. You can’t blame money itself for all the scummy shit done using it, similarly for cryptocurrencies."
A knife is a tool. Knives can be used for food and violence. However, knives do not persuade their users to buy as many knives as they can, they do not incentivize manipulating others to do so too, nor do knives inherently encourage violence. The exact opposite is true for crypto"currencies" because these are multi-level marketing pyramid schemes. As soon as one joins the Crypto Cult one benefits from recruiting new members—often by indoctrination and/or demagoguery.
@arsCynic Newsflash: any currency under the Sun works like that. And stocks. And options. And any other form of speculative wealth.
And most of wealth on Earth is just that - speculative. The gold standard was abolished long time ago, and, some might say it's for the better. Look it up.
Yeah, that paper in your pocket isn't based on anything tangible. It's just paper we agree is valuable. It's not real in the same way a knife is.
Crypto is just a little bit more open about it. It's just lines of math we agree are valuable.
And scams have existed in traditional currencies long before cryptocurrency. Same as currency trading, aka "encouraging you to buy more if it".
So, if you want to hate on anything, hate on a concept of currency and speculative wealth in general. Cryptocurrency is just the latest form of it.
And, frankly, it's just useful for avoiding unfair shit like international sanctions aka some fat cats deciding to bar me from donating or receiving funds
This statement have the following fallacies:
Straw man.
Appeal to emotion.
Ad hominem.
Cherry picking.
Not true Scotsman.
Hasty generalization.
Begging the question.
False dilemma.
Unfortunately that's true for most of them. I believe that monero is the difference though, it is actually used as a currency, not as an investment vehicle
Can't speak for other cryptos (generally stay away), but Monero at least has a track record of being actually private/anonymous (unlike btc) and generally doesn't fluctuate in price nearly as much as others (something the devs try to design into it). Several trusted privacy-focused services (VPNs, VoIP, etc.) accept it as a payment method. If I want to donate to Lemmy, I'd rather do so in a way that keeps my bank from knowing the details and keeping a record of that for who knows how long.
Decentralisation take different forms and they seems to only accept 3 established cryptocurrency, I don't think this set a bad example.
I don't think Lemmy accepts pump-dump or nazi cryptos.
More likely they would accept some of the most famous and established ones. Like them more or like them less, but I don't see reason to ban them. It's not like paypal or any bank are angels.
this post was submitted on 24 Apr 2025
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