I was one of the lucky ones who bought bitcoin so I could buy acid on the internet. Years later I put a down payment on a house with the change that I forgot about. DARE was wrong.
I mined a few back in the day. I think I got a couple pizzas and a new router out of it. Could've bought a decent house at the peak value. Oh well.
We have a few 100k and it's just gaining. Mined it several years ago. Definitely not something for people who don't understand it but Definitely worth it if you did.
What crypto is gaining?
All of them are, as long as you're measuring them in Argentine Pesos.
Alternative joke: Bitcoin is gaining right now... No wait, it's dropping, gaining, dropping...
It's the American Dream
Sometimes i feel like im the only one living it, i see it as Karmic justice because i tip really well and try to be nice to animals.
All those GWh wasted on “mining” only got us closer to the edge.
Which is why a lot of cryptocurrencies adopted proof of stake in favor of proof of work.
which is literally a rich get richer scheme on steroids...
Too little too late.
They were using more power than the entirety of Switzerland, just so a handful of people could get rich.
noo you don't understand it's going to the moon noooo hodl hodl hodl nooooooooo plz buy my crypto thank you :(
Its useful in that it can be used to perpetuate scams
You make more money as the cult leader but you have more fun as a follower
I sleep well at night knowing nobody will steal my thing I don't care about because I don't own any. I just wanted you all to know that.
The idea was great, but it was ruined by greed.
It's always been a solution to a problem that doesn't exist.
How did you buy drugs online before crypto? I think it's made it much easier. Also for international transactions of large sums I used to pay fees for services and crypto allows for an easy universal standard with no middle men. Micropayments never caught on, but it would be a nice solution for that as well. This argument that we already have money, we don't need different money never flew with me. Crypto has its place, it was just abused as an investment commodity way too early and this massive inflation completely suffocated any practical application.
the idea was great
I have questioned this ever since I learned that the more adoption there is, the less efficient mining becomes, ergo more power is wasted accomplishing the exact same task for no extra benefit. Difficulty creates a back asswards system that makes adoption a con.
I genuinely tried to look for a legit way to make it an option for paying in a small online store without having to depend on paypal or a bank gateway.
Well transaction fees for any big coin are like many dollars per transaction. It's ridiculous. For smaller transaction fees you have to go to smaller coins that can disappear or lose half their value one day to the next.
And still, if we forget thar people wouls need to pay like a 14€ fee for 1€ transaction. They still have to go to a exange to change their money, and then I have to change it back, because very little things can be bought with crypto, less with cryptos that doesn't have ridiculous transaction fees.
Did I mention than transaction are not instantaneous either? Unless you pay big transaction fee or use some obscure coin that no one uses.
At the end, I ended up with paypal. I really wanted a way to be "independent" of big companies for transaction. But crypto is completely ruined (if it was ever functional that I doubt it). It's not a coin, they are just speculation and bets. With cybercrime and drug dealing being the only "real" uses it has.
I can't wait for the crypto Bois to nuke this thread
Like it was basically just digital gold… which is also a terrible currency in physical form.
I mean it is very very useful for specific purposes, like purchasing, uh, certain substances in certain, uh... unregulated online marketplaces.
As far as being a currency for other purposes goes though, I think it is incredibly unfit for purpose. And as far as being an investment vehicle goes it's essentially a ponzi scheme.
Gold is useful in that it always remains gold but that's the extent of it.
…and yet here you are making a post about it. :)
Not arguing about the merits of blockchain, but if your money is in a bank, it is on a computer that depends on cryptography (TLS) for controlling access.
edit: Well, ok, at least then it's not just crypto standing between your assets and someone else. Then there's going to be at least another layer, like multifactor authentication, VPN/MPLS, etc., depending on the point being attacked.
people that think that cryptosis scam don't know anything about crypto
Crypto is a scam. It's yet another example of a pyramid scheme usually that seldom pays off.
I'll start taking crypto seriously when you stupid shills stop trying to get rich off of that shit and actually fucking achieve something useful with Crypto that isn't enriching yourselves or others in the hopes that you too will be enriched.
Clearly you didnt figure out how to turn crypto into fancy monitors and overpriced speaker systems.
