It's time for us in the tech world to speak out about cryptocurrency

Post by friedman23 » Sun, May 30, 2021, 8:55 PM UTC

codehalo wrote: post #73

ArkanExplorer wrote: post #54

Earlier quoted context omitted.

That's not really accurate. For most people, they deal with financial institutions directly via the fiat onroads and offroads fror the exchanges. The fact that you can formally buy, exchange, and cash out of crypto with full banking support gives cryptocoins a veneer of Government support and legitimacy. The USA bans online gambling and ponzi schemes. Cyrptocoins are worse, because they include a side order of immens…

Can you (and your representative) please just leave me alone so I can harm myself with this "harmful technology"? Whatever the outcome, I'll take my chances. Please leave me alone.

Post by forwardslash » Sun, May 30, 2021, 8:57 PM UTC

meowkit wrote: post #64

skrebbel wrote: post #50

These two resonated with me: > A lot of intelligent observers look at cryptocurrency, see that it makes no sense, and reasonably infer that they must be missing something profound on the technical level. Tech culture has a nice tradition of not deriding new ideas, but we need to break it here and speak out > [non-tech people] don't see the huge silent majority of tech people who know it's a scam. That's on us It is o…

> I'm pretty sure it's nothing but a pyramid scheme, but I always gave the enthusiasts the benefit of the doubt. So go find out? I’m quoting you here for the “pretty sure” part. Do a deep dive. I’be done deep dives on Bitcoin, Ethereum, Cardano, Monero, Nano, Iota, Hyperledger, BSC, Uniswap, Tether, Chainlink and cursory glances at dozens of other coins/tokens. I’m a tech guy. I work on an operating system/embedded s…

Post by dredmorbius » Sun, May 30, 2021, 8:57 PM UTC

vimy wrote: post #19

hilbertseries wrote: post #15

Earlier quoted context omitted.

What’s the advantage of cryptocurrency over mpesa?

It's worldwide.

Post by ashtonkem » Sun, May 30, 2021, 8:58 PM UTC

chrisco255 wrote: post #74

meowkit wrote: post #64

Earlier quoted context omitted.

> I'm pretty sure it's nothing but a pyramid scheme, but I always gave the enthusiasts the benefit of the doubt. So go find out? I’m quoting you here for the “pretty sure” part. Do a deep dive. I’be done deep dives on Bitcoin, Ethereum, Cardano, Monero, Nano, Iota, Hyperledger, BSC, Uniswap, Tether, Chainlink and cursory glances at dozens of other coins/tokens. I’m a tech guy. I work on an operating system/embedded s…

Yeah, U.S. household net worth is near all-time lows in Fed balance sheet terms and people think crypto is the scam: https://mobile.twitter.com/RaoulGMI/status/13987339019132641...

Post by jakelazaroff » Sun, May 30, 2021, 8:59 PM UTC

char8 wrote: post #62

Seems lobsided. Sure Bitcoin suffers from high fees, but it serves well as a savings account. We've also started accepting litecoin payments on our site: I set it up once, and forgot about it. With Paypal it's a never-ending rigamarole. I've recently closed my bank account, and started using something a bit more up-to-date (Revolut). I believe Bitcoin is the single biggest innovation driver in the tech sector right n…