Ze Grumpy GermanNov 23, 2024
tante

The fact that we start to have the same conversations about crypto again makes my soul want to leave my body.

Yes. It's still all scams. A socially destructive set of technologies and attached belief systems.

https://tante.cc/2021/12/17/the-third-web/

The Third Web

(This text is very long. Maybe too long. You can find a PDF and an EPUB of it below.The current version of this text will always live at https://web3.tante.ccSatya has created an audio version of this essay. Eine deutsche Version findet sich hier. Una versione italiana di questo testo è qui – grazie Nebbia! En […]

Smashing Frames
Nov 23, 2024 at 10:24amWeb
Show threadSaareMarthaNov 23, 2024
@tante
Look at it this way. All the MAGAts and Trumpers wot skip blithely into Orange Jesus dodgy schemes are gonna get badly burned. If enough people lose enough money maybe things will be different in 2026.
Show threadhaaflifeNov 23, 2024
@tante Not a big fan of the whole thing either, but there is still no alternative to crypto if I want to send money to my friends and In-laws in Iran without losing 30 % in the process
Show threaddavidsheffieldNov 23, 2024

@haaflife @tante

Well, yes there is... you could use any number of low cost currency exchange websites like wise.com or ofx -- it's actually willful blindness to think that there aren't alternatives that are far better suited to the task at hand than crypto

Show threadhaaflifeNov 23, 2024
@davidsheffield @tante you can't send money to Iran through any bank like wise due to sanctions. Iran is not connected to the international banking system anymore and hasn't been for years. Besides bringing cash on visits and illegal, private exchange services that charge around 30 %, there is only crypto. Your cunty, unnecessarily aggressive tone doesn't change that, unfortunately.
Show threadhaaflifeNov 23, 2024
@davidsheffield @tante and before you mention it: cash drop services line worldremit etc don't work either. No western company can offer transactions with Iran at this point
Show threaddavidsheffieldNov 23, 2024

@haaflife @tante

Well, that's the point of sanctions? So that people can't send money to countries that are backwards and medieval theocratic dictatorships that fund terrorists? So you're saying that bitcoin is useful for being a criminal?

Show threadhaaflifeNov 24, 2024
@davidsheffield @tante it's legal to send money to people or even conduct business with Iranian companies. But if you do business with Iran, your company will not be allowed to do business in the US ever again. And no bank picks Iran over the US
Show threaddavidsheffieldNov 23, 2024
@tante It's infuriating as a financial professional, investment is the process of unproductive assets (cash) funnelling into productive assets (businesses or otherwise), the outflow of capital into bitcoin which causes more and more electricity to be wasted for no utility gained is like an anti-investment, sure to impoverish any country which gives it credence
Show threadJanisNov 24, 2024

@tante Fiat currency isn't exactly real, either. Like a couple of relies here, it hands the ledger and taxation to governments--which we know can be just as evil or good as humans make them.

Capitalism is a socially destructive set of technologies and attached belief systems, with benefits. Don't blame that on digitizing it.

You can blame all of it entirely on the scum who think there's some kind of value in monetizing money, and then hoarding it. Cryptoboys are in this space, but not alone.