First, I don’t think we should be cheering on the state doing anything to limit working people’s ability to do anything. And if we were to cheer them on rich people, well good luck. They won’t.
Second, while crypto has its cringe fanbase and rich users, it has also benefitted many non rich people in 1) transferring funds across borders, especially to areas cut off from the world through embargoes or other means 2) escaping state persecution and surveillance.
So I wouldn’t be so quick to judge it, imo. Palestinian resistance groups and scihub (whose founder is a Communist) both receive donations through crypto. Those are just examples.
I don’t actually hate all Cryptos. Some, like the Chinese Digital Yuan, are pretty good. I absolutely hate NFTs though, and any crypto that was pretty clearly made to be invested, not practixally used. Which is why I said casinos.
the Digital Yuan is not a cryptocurrency, it is just a fiat currency that is useable digitally. all transactions go through the Chinese government. it provides none of the benefits the person you’re replying to mentioned, in fact it does quite the opposite by literally making it easier for the state to track and persecute you than cash or banking would.
First, I don’t think we should be cheering on the state doing anything to limit working people’s ability to do anything. And if we were to cheer them on rich people, well good luck. They won’t.
Second, while crypto has its cringe fanbase and rich users, it has also benefitted many non rich people in 1) transferring funds across borders, especially to areas cut off from the world through embargoes or other means 2) escaping state persecution and surveillance.
So I wouldn’t be so quick to judge it, imo. Palestinian resistance groups and scihub (whose founder is a Communist) both receive donations through crypto. Those are just examples.
I hope that’s not a hill you’re willing to die on, you’re literally advocating for the decriminalization of, say, assassins for hire.
Assassins for hire already don’t care about the law. It is ridiculous to hold hostage people’s fights for privacy over this.
I don’t actually hate all Cryptos. Some, like the Chinese Digital Yuan, are pretty good. I absolutely hate NFTs though, and any crypto that was pretty clearly made to be invested, not practixally used. Which is why I said casinos.
the Digital Yuan is not a cryptocurrency, it is just a fiat currency that is useable digitally. all transactions go through the Chinese government. it provides none of the benefits the person you’re replying to mentioned, in fact it does quite the opposite by literally making it easier for the state to track and persecute you than cash or banking would.
But it’s from China, which means it’s good on Lemmy.ml.
I do agree about NFTs. I don’t see the use case. Ethereum, Bitcoin, Monero, however, are used for good purposes.