Decline in interest comes as Elon Musk mocks non-fungible tokens
  • Helix 🧬@feddit.de
    102·
    3 years ago

    What a satire world we live in.

    Cryptobro mocks other cryptostuff and cryptostuff loses value.

    How is everything crypto not illegal?

    • AgreeableLandscape@lemmy.mlOP
      112·
      3 years ago

      How is everything crypto not illegal?

      Effectively the same as asking why casinos and horse race betting aren’t illegal. They should be, but rich pricks benefit from it.

      • Cyclohexane@lemmy.ml
        63·
        3 years ago

        They should be

        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.

        • Lilium@lemmy.ml
          1·
          3 years ago

          First, I don’t think we should be cheering on the state doing anything to limit working people’s ability to do anything.

          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.

          • Cyclohexane@lemmy.ml
            1·
            2 years ago

            Assassins for hire already don’t care about the law. It is ridiculous to hold hostage people’s fights for privacy over this.

        • AgreeableLandscape@lemmy.mlOP
          35·
          3 years ago

          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.

          • Mad@sopuli.xyz
            72·
            3 years ago

            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.

          • Cyclohexane@lemmy.ml
            33·
            3 years ago

            I do agree about NFTs. I don’t see the use case. Ethereum, Bitcoin, Monero, however, are used for good purposes.

  • Mad@sopuli.xyz
    5·
    3 years ago

    i don’t know whether to laugh or cry at this. at least they’re finally dead, but only because Elon said so? that’s sad. but also funny

  • Zerush@lemmy.ml
    43·
    3 years ago

    A virtual untraceable economy in a corrupt capitalist system. What can go wrong?