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Using crypto is actually productive use of it. It s speculation that is bothering you; that is not going to happen here. But crypto is not immune from censorsh

by jdrc 5y ago

Using crypto is actually productive use of it. It s speculation that is bothering you; that is not going to happen here. But crypto is not immune from censorship, just from centralized censorship. If bitcoin was widespread now, users would block addresses or wholesale fork the chain to oust russia

colesantiago 5y ago
> Using crypto is actually productive use of it. It s speculation that is bothering you; that is not going to happen here. Crypto is always used for speculation and nothing else and it cannot be used as a 'currency'. The slow speeds, the high gas fees, scams and rampant rugpulls and hacks make this an unregulated wild west that even the crypto exchanges have blocked Russian users (so much for no censorship) [0] so it is all broken to begin with. 'Cryptocurrenies' are not currencies and they should be called for what they really are: monopoly money tokens. [0] https://www.reuters.com/business/finance/crypto-exchange-binance-says-will-not-accept-cards-sanctioned-russian-banks-2022-03-03/ https://www.reuters.com/business/finance/crypto-exchange-bin...
- jdrc 5y ago
  low speeds dont matter if you can use it to get your wealth out of such a situation . Crypto exchanges have not blocked russian users. the blocked cards are in accordance with laws. call it what you want, it's not like other kinds of money are ideal 'currencies'. All of them are tools, if they work they re good
  - colesantiago 5y ago
    So it is good that the network is congested? I don’t think you would want to wait for hours for a payment to settle only for it to fail later because of the gas fees. > Crypto exchanges have not blocked russian users. Yes they have and they can. > call it what you want, it's not like other kinds of money are ideal 'currencies'. It isn’t money if it is loses 60% of its value in a couple of hours with additional fees I didn’t agree to. It’s a distributed casino that only speculators use, and it would certainly won’t be useful when it all comes crashing down.
    - somebodythere 5y ago
      > It isn’t money if it is loses 60% of its value in a couple of hours with additional fees I didn’t agree to. Like the ruble? Anyway, are you aware of stablecoins?
      - colesantiago 5y ago
        You mean like Tether and USDC? I am sure they are audited and regulated with no scams right?
        somebodythere 5y ago
        USDC is audited and regulated. But you don't have to trust a centralized stablecoin, decentralized and transparently auditable ones are available too.

by jdrc 5y ago

colesantiago 5y ago

> Using crypto is actually productive use of it. It s speculation that is bothering you; that is not going to happen here. Crypto is always used for speculation and nothing else and it cannot be used as a 'currency'. The slow speeds, the high gas fees, scams and rampant rugpulls and hacks make this an unregulated wild west that even the crypto exchanges have blocked Russian users (so much for no censorship) [0] so it is all broken to begin with. 'Cryptocurrenies' are not currencies and they should be called for what they really are: monopoly money tokens. [0] https://www.reuters.com/business/finance/crypto-exchange-binance-says-will-not-accept-cards-sanctioned-russian-banks-2022-03-03/ https://www.reuters.com/business/finance/crypto-exchange-bin...

jdrc 5y ago
low speeds dont matter if you can use it to get your wealth out of such a situation . Crypto exchanges have not blocked russian users. the blocked cards are in accordance with laws. call it what you want, it's not like other kinds of money are ideal 'currencies'. All of them are tools, if they work they re good
- colesantiago 5y ago
  So it is good that the network is congested? I don’t think you would want to wait for hours for a payment to settle only for it to fail later because of the gas fees. > Crypto exchanges have not blocked russian users. Yes they have and they can. > call it what you want, it's not like other kinds of money are ideal 'currencies'. It isn’t money if it is loses 60% of its value in a couple of hours with additional fees I didn’t agree to. It’s a distributed casino that only speculators use, and it would certainly won’t be useful when it all comes crashing down.
  - somebodythere 5y ago
    > It isn’t money if it is loses 60% of its value in a couple of hours with additional fees I didn’t agree to. Like the ruble? Anyway, are you aware of stablecoins?
    - colesantiago 5y ago
      You mean like Tether and USDC? I am sure they are audited and regulated with no scams right?
      - somebodythere 5y ago
        USDC is audited and regulated. But you don't have to trust a centralized stablecoin, decentralized and transparently auditable ones are available too.