Right, his talk about how he’s not very good at computers is pretty funny. I don’t understand the crypto hate on Lemmy. Although I guess I don’t understand a lot of why things are hated here. I guess crypto is too close to capitalism maybe? Freedom is frowned upon here.

Crypto is hated because it’s an MLM terminally online people.

It gains value because people want it and people want it because it gains value is both a perfect description of cryptocurrency and scams.

It gains value because people want it and people want it because it gains value is both a perfect description of cryptocurrency and scams.

Or gold, or any other precious metal, or currency for that matter….

Tangible items can have utility in the real world, where cryptocurrencies can never be anything more than numbers on a display.

Gold can be used in electronics, and I get that people are mad that currencies are just something we all mutually agree have value, but generally speaking powerful governments back those up. Cryptocurrency is backed up by people promising it’s totally gonna be a real currency any second now. Please ignore that crypto can wildly fluctuate in value which generally a horrible thing for a currency to do.

Haven’t multiple govnements accepted it as real currency at this point? The arguments are valid, but fall flat when you actually look into each.

And crypto is more stable than some governments’ real currency. It’s been a life saver for some people.

It’s also a lot faster for transactions than normal banking when sending money to people in other countries.

It’s still in the early days… like email in the late 80s / early 90s. It should get better, but there’s so much crap and scams out there right now. It’s still very much the wild west. It’s like Wall Street on acid.

They downvote the truth and/or facts when they are contrary to the hive mind.