4 ms·

I despise crypto and nft and all of that but to say crypto is only used for scams is ridiculously reductive and absurd.

another2another 3y ago
And in this case it's actually being used as a direct payment method for a good/service - so actually one of the rare cases where crypto is being used as a means of exchange - which is kinda what it was invented for.
- toolz 3y ago
  Using it as a means of exchange is not rare. It's far from the majority use-case, but something that happens to the order of many billions of USD worth of exchange a year isn't rare.
colesantiago 3y ago
Many people do not care about cryptocurrencies and they are not confident in its safety and reliability, that even North Korea drove most of the hacking activity in 2022. This is something that only criminals would be happy that exists. I don't think creators would want to use any form of crypto or have their wallet becoming blacklisted at any time because they 'bought' or received bitcoin/monero from someone else that is associated with north korean hackers and criminals. https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/ https://www.pewresearch.org/short-reads/2023/04/10/majority-... https://civicscience.com/paypal-now-sells-cryptocurrency-but-are-people-buying/ https://civicscience.com/paypal-now-sells-cryptocurrency-but... https://www.chainalysis.com/blog/2022-biggest-year-ever-for-crypto-hacking/ https://www.chainalysis.com/blog/2022-biggest-year-ever-for-...
- sph 3y ago
  Wanna move the goalposts some more? Don't you think the authors should be able to choose what is the best funding method for their project? Earlier you cried about crypto being ALL a scam, now you are the concerned citizen fearing from wallets being blacklisted. While crypto has many downsides worth discussing, there is no reasoning to be had with anti-crypto zealots like you..
  - colesantiago 3y ago
    > Earlier you cried about crypto being ALL a scam, now you are the concerned citizen fearing from wallets being blacklisted. It's both. It is yet another reason why nobody should use crypto. Why should anyone use a wallet that is associated with a blacklisted address? It is simply not worth the hassle, especially when the stats shows that people are not confident in the reliability or safety crypto even if they have heard about it, here is a direct link to this so that you can print this at home: https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/sr_2023-04-10_crypto_1/ https://www.pewresearch.org/short-reads/2023/04/10/majority-... > Don't you think the authors should be able to choose what is the best funding method for their project? I hope you're not suggesting that crypto is the best method because we both know it isn't. It would be like busking for donations in Chernobyl. You can technically do it except nobody is or will be there to give it to you. The same can be said for crypto. You might as well use the payment systems that everyone is using rather than a volatile Rube-Goldberg machine appeals mainly to criminals. > While crypto has many downsides worth discussing, there is no reasoning to be had with anti-crypto zealots like you. Yes. There are only many downsides, no upsides. It's far quicker not to bother with crypto than to try and use it. Only criminals are bothered with it because it fits their use case better, illegitimate and criminal activity.
bluescrn 3y ago
Yeah, it's also used for drugs, cybercrime, and gambling/speculating
- alias_neo 3y ago
  So is real cash-money.
- m4jor 3y ago
  Wait until you find out fiat is still the top method of currency used for all of the above.

And in this case it's actually being used as a direct payment method for a good/service - so actually one of the rare cases where crypto is being used as a means of exchange - which is kinda what it was invented for.

toolz 3y ago
Using it as a means of exchange is not rare. It's far from the majority use-case, but something that happens to the order of many billions of USD worth of exchange a year isn't rare.

colesantiago 3y ago

Many people do not care about cryptocurrencies and they are not confident in its safety and reliability, that even North Korea drove most of the hacking activity in 2022. This is something that only criminals would be happy that exists. I don't think creators would want to use any form of crypto or have their wallet becoming blacklisted at any time because they 'bought' or received bitcoin/monero from someone else that is associated with north korean hackers and criminals. https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/ https://www.pewresearch.org/short-reads/2023/04/10/majority-... https://civicscience.com/paypal-now-sells-cryptocurrency-but-are-people-buying/ https://civicscience.com/paypal-now-sells-cryptocurrency-but... https://www.chainalysis.com/blog/2022-biggest-year-ever-for-crypto-hacking/ https://www.chainalysis.com/blog/2022-biggest-year-ever-for-...

sph 3y ago
Wanna move the goalposts some more? Don't you think the authors should be able to choose what is the best funding method for their project? Earlier you cried about crypto being ALL a scam, now you are the concerned citizen fearing from wallets being blacklisted. While crypto has many downsides worth discussing, there is no reasoning to be had with anti-crypto zealots like you..
- colesantiago 3y ago
  > Earlier you cried about crypto being ALL a scam, now you are the concerned citizen fearing from wallets being blacklisted. It's both. It is yet another reason why nobody should use crypto. Why should anyone use a wallet that is associated with a blacklisted address? It is simply not worth the hassle, especially when the stats shows that people are not confident in the reliability or safety crypto even if they have heard about it, here is a direct link to this so that you can print this at home: https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/sr_2023-04-10_crypto_1/ https://www.pewresearch.org/short-reads/2023/04/10/majority-... > Don't you think the authors should be able to choose what is the best funding method for their project? I hope you're not suggesting that crypto is the best method because we both know it isn't. It would be like busking for donations in Chernobyl. You can technically do it except nobody is or will be there to give it to you. The same can be said for crypto. You might as well use the payment systems that everyone is using rather than a volatile Rube-Goldberg machine appeals mainly to criminals. > While crypto has many downsides worth discussing, there is no reasoning to be had with anti-crypto zealots like you. Yes. There are only many downsides, no upsides. It's far quicker not to bother with crypto than to try and use it. Only criminals are bothered with it because it fits their use case better, illegitimate and criminal activity.

bluescrn 3y ago

Yeah, it's also used for drugs, cybercrime, and gambling/speculating

alias_neo 3y ago
So is real cash-money.
m4jor 3y ago
Wait until you find out fiat is still the top method of currency used for all of the above.