realitista

joined 1 week ago
[–] realitista@lemmus.org 1 points 14 minutes ago

It depends greatly on how it's stored. Most people just keep it in an exchange, which are robbed fairly often. Which wouldn't be a problem with real cash as there are laws in place to protect you. With crypto you have no recourse.

[–] realitista@lemmus.org 2 points 29 minutes ago

The TV and stereo aren't amazing for that time. I had better in my teens and twenties just from my restaurant jobs.

[–] realitista@lemmus.org 1 points 30 minutes ago

I had that TV back in the day. It was an amazing TV for it's time.

[–] realitista@lemmus.org 1 points 38 minutes ago (2 children)

It's accepted almost no where. And the list of issues go on. Crypto is easily stolen, very difficult to secure. Difficult to use for most people. Proof of work crypto is still in the majority and wastes absurd amounts of energy, etc. But the biggest issue is that it doesn't solve any problems that were not solved long ago unless you are conducting criminal activity (which I do have to acknowledge as it's one stand out use case).

[–] realitista@lemmus.org 1 points 6 hours ago (4 children)

A banknote is accepted as a means of exchange, ie a currency in a way that bitcoin and other crypto coins are not and cannot ever be due to the fees and delays in the system, not to mention the absurd volatility or lack of liquidity in the smaller coins.

[–] realitista@lemmus.org 2 points 7 hours ago* (last edited 7 hours ago)

Crypto is stupid for entirely different reasons that I've enumerated in other threads in this post. I'm just observing a correlation I've noticed here which directly runs counter to another statement.

[–] realitista@lemmus.org 5 points 14 hours ago (3 children)

I don't know any crypto bros who aren't also MAGA/libertarian/fascist

[–] realitista@lemmus.org 7 points 14 hours ago (6 children)

I think it's because, at least in the case of bitcoin, it has no practical real world use other than hoarding like beanie babies, and therefore no real value. As a currency it's entirely useless.

I have a bit more sympathy for ETH, maybe someday DeFi will produce something truly useful enough to justify the money in crypto, but it hasn't so far.

[–] realitista@lemmus.org 2 points 1 day ago* (last edited 1 day ago)

Man I just love this song more and more every time I hear it. Thanks for sharing!

[–] realitista@lemmus.org 1 points 1 day ago

Yes that's true.

[–] realitista@lemmus.org 1 points 2 days ago

Loved my old Motorola back in the day. Looked similar, bubbly but black.

[–] realitista@lemmus.org 1 points 2 days ago (2 children)

And how did the bank decide I was privileged? I don't keep much money in the account, I've overdrawn it many times, I have no record of employment in the US for decades.

 
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