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almost a dollar of donations already for that one too, wow
Is this a social network with crypto payments? What’s the name? Because that sounds like it will just be a lot of self-congratulatory “isn’t crypto great” jokes and I gotta see it
Hold on, I found it. It’s nostr and the posts there are really cringe jfc
I love how every defense for crypto platforms like this (or eth based stuff or solana etc etc) is always somehow about censorship and personal freedom stuff but then pretty much everything built on all of this is to pump the crypto more.
The social networks are only used to talk about crypto. The “shared processing power of web3” is used almost purely for defi trading apps, and they get the most attention when the price rises (because someone like trump goes “hehe $TRUMP”) or falls (because the cracks show through with something like FTX).
It seems the only things crypto does is increase the value of crypto, scam people, and throw ridiculously expensive parties attended by those trying to increase the value of crypto. The protections against censorship and personal freedoms seem to be purely to launder money, avoid taxes, and pay for illicit goods and services.
launder money, avoid taxes, and pay for illicit goods and services.
you say that like it’s a bad thing ;-)
I love how every defense for crypto platforms like this (or eth based stuff or solana etc etc) is always somehow about censorship and personal freedom stuff but then pretty much everything built on all of this is to pump the crypto more.
The beauty of an open and permissionless platform is that it can be used however anybody wants, whether that’s sending aid to Gaza, accessing financial tools you’re otherwise locked out of, or pumping Trump’s shitcoin.
It seems the only things crypto does is increase the value of crypto, scam people, and throw ridiculously expensive parties attended by those trying to increase the value of crypto.
Some useful applications of crypto include:
Simple large sum transfers with ZERO friction and instant settlement. (eg: transferring $193,000,000 with a fee of $0.17 (0.00000008839779%))
Treasury bonds (maker, EIB)
Social Media (Farcaster, lens)
No-loss lottery (pool together)
mortgages (tinlake)
insurance (Nexus Mutal)
pay-day loans (Alchemix)
lending/borrowing (AAVE, Compound)
CDPs (Maker)
Exchanges (Uniswap)
Yield Aggregator (yearn)
derivitives (dydx)
Certificates (OpenCerts)
Streaming payments (llamapay)
nostr isn’t web3, it just has extensions for crypto tips (some nostr clients don’t even support it)
also yeah, most of the “influencer” posts on there are trash, but it’s nice beyond that, imo
Tje trending posts are all trash. I’m sure there is a significant minority who’s not super annoying, but it’s not an inviting place.
yeah, technically there’s no algorithm on there, so you have to make it your own
Web3 is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, tokenomics
“Web 3.0” was supposed to be things like the fediverse, or tech like IPFS/Dat. Crypto/NFT tied their cart to that horse to appear legitimate.
Yeah, the fediverse is the true web3. Might as well call it web4.
🅱️itcoin 😂👌🔥💯
Oh yeah, it’s impossible to browse those Nostr platforms without seeing a LOT of stuff about Bitcoin. They’re obsessed with it over there.
They mostly seem like decent people though. It’s a more positive culture than Lemmy, but lots of Bitcoin noise to scroll through. It’s unfortunate, because Nostr seems like cool tech
but have did you hear about bitcoin yet? its like money but in your computer
😆 well… To be fair to them[1], I don’t think they’re quite like that.
I don’t think of them as stereotypical “crypto bros.” They’re a little different. They seem to specifically love Bitcoin and its original philosophies[2] from the early days, before other cryptocurrencies appeared. IIRC (I went down a bit of a rabbit hole on this a while back, but have forgotten a lot), a few of them were very early Bitcoin collaborators/developers, and some even collaborated with Satoshi Nakamoto.
I don’t want to paint a wrong or “bad” picture of them because they really seem like nice people. The overall culture there seems more positive than any other social media platform that I’ve seen. ↩︎
I’m no expert on the original Bitcoin motives, but as far as I can tell, they still think of Bitcoin as a currency, not a commodity or speculative asset like most Bitcoin holders/traders use it today. ↩︎
yeah, every once in a while my feed gets market information about bitcoin 😅📈 like, i’m here for memes, tech, cats, and memes about tech/cats 😹
It’s crazy that there are so many crypto coins but if you run across a guy like that, he’s definitely into bitcoin specificaly. Because it’s the buzzword while the others are obscure…
Your first sentence is correct, but the second one seems like an inaccurate assumption. They’re specifically into Bitcoin over there, not other cryptocurrencies, and not because of a buzzword.
Every Bitcoin is a little bit coin, but not every bit coin is a Bitcoin.
Crypto haters are mad because they keep saying crypto is dead while it becomes more widely adopted, integrated, etc.
It’s just cryptography plus capitalism. Ofc it’s going to be shit but it’s no worse than ugly green paper decorated with enslavers.
more widely adopted, integrated, etc
Ahah, yeah, it’s so wildly integrated everywhere, like drug deals, and illicit payments for scams, and some government sanctioned terrorism, and plain old scams. And gambling, can’t forget about illegal gambling.
Tbf, “real” money is also used for those things.
But also for all other things. Like, a hammer and a gun can both be used to kill a person, but one is a multipurpose tool that can be misused with various success, and the other is a purposefully created one, and if you try to hammer a nail with it, it will be a miserable experience that yields no results.
You think Bitcoin was created specifically for crime?
I can’t get into the heads of it’s creators, I don’t know what they were thinking. However they created a thing that is absolutely abysmal at being “state independent currency”, addresses the wrong problems incorrectly, to the detriment of what needs to be addressed. It’s sluggish, expensive, volatile, inconvenient, and offer zero error-protection or any protection really. For criminal usage those cons are outweigh by the fact that it’s anonymous and is outside of the laws. For running scams you couldn’t create better environment. You can also gamble on it’s volatility. For anything else it’s less then useless.
Whether or not it was created with crimes in mind or not is not even that relevant.
Yeah. That’s way more wide than it was 10 years ago. You’re sarcastically making their point. It doesn’t get integrated into good things, but the government acknowledging it is a crazy step towards legitimizing it.
If you mean the American government, they adopted the technology to run official pump-and-dumps, yes. But that’s actually my point, it’s not used for anything but crimes and gambling, because it’s not useful for anything else, and the second criminals will figure out any other way to transfer large sums of money to each other they will use that instead of clunky crypto, and then it will only be used for illegal gambling.
I should admit, using crypto is way better than stuffing piles of cash into homemade submarines.I think your point is not actually a counterpoint to theirs. It’s able to be used only for crimes and be more widely adopted and integrated than ever.
Also, you’re able to exchange Bitcoin for cash now. That’s a gargantuan leap forward in terms of legitimation
I cannot understand in what world “being used more by criminals to do crimes” can be considered legitimation. It’s kind of the opposite really. By definition almost.
You were able to sell your scamcoin for cash since the beginning of it, it was always allowed. It’s not even a step, it’s the same as it was before.I think on the scale from: no one can use it except for drugs on the Internet to: it’s the world currency. crypto debit cards, using crypto as collateral for loans, being able to exchange it for cash and it being used as a fiat currency for high-level crimes by the government is higher on the scale.
The only thing that is new about it, is that current US regime got in on the grift and is doing rugpulls left and right. Everything else you’re describing was there already for more than a decade. But now everyone understands that there technology is useless, so there is no pretending that it can be used for anything but crime and gambling. I had crypto ATM outside of my appartment when I lived in a less-then-developed country more than 10 years ago, and back then the idea was that most of those who are using it are scammers or scam victims, but not all, and I’m not even talking about silk road customers. Now this notion is gone.
I mean, just because you aren’t keeping up with the use cases doesn’t mean everything is scams.
Girl, your profile pic seems like nft, nobody took anything you’re saying seriously for years, the fuck do you think I’m gonna start now
Nft profile pic, .ml account, crypto defender… It’s some kind of trifecta of idiocy but I can’t think of the correct word to define it, if it even exists.
It’s fucking hilarious though.
This is a great read: https://www.penguinrandomhouse.com/books/725770/blockchain-radicals-by-josh-davila/
There’s a small but strong niche of Leftist cryptobros out there, building blockchain tech to help the working class. But yea overall crypto is a just a technofeudalist nightmare
You are on Lemmy you can’t talk about capitalism as anything but the devil
