BakerBagel @ BakerBagel @midwest.social

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24

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1,202

Joined

2 yr. ago

And authorities are snatching up people using Monero to do crime.

Something about appealing to moderate Republicans, as if that has even been a thing.

There is a massive difference between allowed to say my government is doing something wrong, and being allowed to say "gas all the kikes". One is criticism of authority, which is good. The other is hate speech, which is bad. You can absolutely have one without the other.

I just know where to buy the drugs i want here in town, and then i offer cold hard cash that can't be traced back to me, even if the dealer rats me out. Much safer and more secure than buying them online.

Yobs like this always come out the woodwork when Bitcoin hits an all time high, talking about how cryptocurrency isn't all bad, but once you push them it's the same tired old talking points. They don't want to help you financially. They just want you to hold their bag while they cash out.

Edit: if you are familiar with the Alt-Right Playbook series by Innuendo Studios, Crypto Bros use the exact same strategies he points out. That's why it shouldn't surprise anyone that crypto firms were the largest donors to Republican campaigns this election season. Just something to think about as people keep espousing how crypto is gonna change the world...

Yeah, interesting how the Harris campaign had all the momentum after the Waltz nomination, then pivoted back to neoliberal wonkiness and then crashed and burned again.

I'd say you're right for 99% of it, but there is 1% that's genuinely useful.

I asked what that 1% of useful applications are and he gave a whole dog and pony show to avoid giving any examples. He said that there are times where cryptocurrency is better than your government's currency (assuming you are in a stable country with a stable currency).

Bitcoin was developed by dudes upset by the 2008 financial crash who wanted to be the ones on top the next time everything imploded. Bitcoin is 100% useless at anything other than speculation.

A small bit of inflation encourages people to spend their money and keep the economy moving. Because if your currency is going to be worth more tomorrow than it is today, your incentive is to hoard it and mever soend a dime unless absolutely necessary.

Way more people have lost everything because where they keep their cryptocurrency went under than their bank freezing their accounts. Banks only close your account if they suspect you are doing highly illegal and fraudulent stuff. And of i forget my credentials, my bank has a process where i can access my money again after 5 minutes of KYC. If someone DOES fraudulently access my account without my authorization, the bank will fully restore my account and go after the fraudster.

I dont trust the US goverment any more than you do, but Uncle Sam isn't interested in what his greenbacks are worth compared to other currencies. All he cares about is that i pay my taxes in USD.

You posted all that text, and still haven't given an actual example of where cryptocurrency out performs USD for someone just going about their daily life.

And i have been using my bank account and cash to pay all my bills since i have had bills to pay. What's the advantage of using something that is less convenient, less secure, and more resource intense than a normal checking account with direct deposit? You keep dodging the question on what use cases you think crypto currencies have an advantage over fiat currency.

So you don't have an actual use cases then.

Please elaborate on what this magical 1% that you feel is useful and worth expending the same amount if energy as Australia

The only country i eould probably be able to emigrate to is the UK, since my mom is English. I don't forsee the UK being much better than the US in 5 years time.

I'm a single guy. I'm not cooking dinner for 1 two nights in a row.

Your spending that much on a used phone? I can't phantom paying more than $600 for one

I just take half the box and boil that, eat half of that, then eat the other half the next day

The US dollar ultimately has power because that is what it takes to pay taxes in the US. You want to do business in the US? Uncle Sam gets his cut, and he only accepts greenbacks. Same with the EU, UK, China, and every other major currency. If you don't give Uncle Sam his cut, you'll go to jail or wake up to 110,000 tons of American "diplomacy" plus fleet escort sitting outside you main port.

Ultimately the economic power of a country is backed by the state's power to defend it. That's why the USD stands as the global reserve currency instead of something like the Lebanese Pound or the the Kiribati dollar.

State currencies are backed by the military and police of their respective countries. You can criticize that all you want, but that gives them an actual value everyone can agree on since the punishment for not agreeing is severe.

So then why are the only people ising Bitcoin to move large amounts of money scammers and criminals? It's a hassel to move large amounts of money from one country to another because the stakes are so high and everyone involved wants to make sure it is done properly. You wouldn't send the down payment for a house or car via cash in the mail, so why would you do the online equivalent?

State currencies aren't torching the rain forest for speculation and gambling. There are plenty of criticisms you can make about the Federal Reserve and the ECB, but resources they use facilites trade between over a billion people for food, housing, clothing, and critical infrastructure. Meanwhile Bitcoin uses the same amount of energy as Australia or the Netherlands to accomplish nothing more than scams and market speculation. That's why even El Salvador's authoritarian tech bro president abandoned it as a currency this year.

Pewdiepie was the first step for the alt-richt pipeline for nearly 10 years

Stuff falls out of garbage trucks, trash cans get tipped over, stuff gets blown out of the bed of a dumptruck at the landfill, landfills erode and take trash with them. Trashcans aren't just magic portals that take trash into the nightosphere