Ask Lemmy

No? There's definitely some overlap but they're completely different concepts, just because I like Lemmy doesn't mean I enjoy unstable coins that use up a ton of energy for no reason and can lose their value by the end of the day

I don't care about crypto at all. At this point I think of any crypto as pump and dump scams unless proven otherwise

No, fuck crypto. At best it's a solution looking for a problem while speedrunning a century of banking regulation reform, at worst it's an environmentally disastrous scam.

Absolutely not. Hell my whole instance is vehemently anti crypto

God, I hope not. Crypto is an interesting technology that's been used to promote what's essentially a scam. Just ask yourself this: Are the people into crypto using it to buy things? Or are they going to sell it for dollars at a high value and then walk away?

Most are the latter. Very few people even bother setting up software wallets. They just keep their crypto on markets and try to sell high.

That means that for most people, it's not a currency at all, it's an investment. But a normal investment is backed by something of value, while crypto is just backed by pure speculation - that is, it's backed by all the other people who are trying to sell high, too. The name for a system where you get people to buy valueless assets and drive up their price so you can sell yours and leave others holding the bag is: "Ponzi scheme."

Hell no.

They're almost entirely scams. I don't support tricking people out of their money.

They also ruined crypto as an abbreviation for cryptography, and spam every cryptography-related discussion forum. Even the NIST post-quantum standardization list has been getting their spam.

I am not. Plus the ones needing to be mined by wasting of ton of energy are basically an environmental disaster.

Crypto is and always has been a joke. It also doesn't work that much like the fediverse, which is basically a webring where the sites like to copy each other. TBH I'm looking forward to the ~~webring host~~ Lemmy instance drama and people being ~~kicked from the webring~~ defederated.

I would argue no, in fact I feel like the Fediverse is a functional version of decentralization as opposed to Block Chains.

Block Chains are resource heavy, to the point of effecting the ecosystem. They're supppsed to be 100% reliable yet major Block Chains have already needed to fork their databases, plus it's very easy to scam and hack into wallets without any legal repercussions. And they have little to no use cases so we had to invent uses like Crypto and NFT. (Yeah there could be use cases for deeds and stuff, but with the unreliability I don't want Block Chain anywhere near my house deed).

Meanwhile we have the Fediverse, which is essientially like a bunch of Discord servers stringed together, and it accomplishes a decentralized social network without the planet destroying or needless money speculation added on top.

i’m generally anti-crypto. i’m not against it fully, i think it has a purpose but that purpose is not unstable, highly volatile investments, meme coins, or play-to-earn games.

Lol, no I am not. Crypto in it's current form, is not going to be a legitimate, stable, daily use currency. Digital money/systems with technological roots in crypto may be the future but it will be a 2nd cousin, once removed, at best.

NFTs as implemented, are also pure BS.

The technology has potential but right now it's mainly being used either to buy illicit goods or separate fools from money.

Lemmy is free to use. If you give money to an instance owner, at least you know it's a donation and that you'll never get it back.

No

Nope. Crypto is clearly a scam

Unlikely. The hype for crypto scams had fallen off hard in the last year. It peaked like two years ago.

I've run into a couple of cryptobros on Lemmy, but not many.

Step right up folks, get your hot hot takes here!

Real cryptocurrencies (of which bitcoin is the only one, don't @ me) I think are fine and worthwhile projects. 99% of the rest of the crypto sphere is straight up snake oil, and anyone saying any different is probably trying to sell you something.

The difference with the fediverse is that its main appeal is actually the decentralization and censor resistance, not the boatloads of speculative money to be made. The "entrepreneurs" seeing dollar signs is what made crypto into a joke, so hopefully we can avoid that for a while.

No

Cryptocurrencies are a bit like communism: interesting in theory, but implementations have been a disaster.

(And with this, I've just been able to piss off 2 groups in one post)

I do own & use cryptocurrencies a bit but would never had thought to link Lemmy to anything crypto related. Don't even follow any crypto communities around here.. being part of the Reddit exodus, over on Reddit there's so much spam and shills surrounding the topic that I avoid those communities there too.

My guess is you just happened to run into a random crypto bro.

Found to be the opposite here, but I guess it'll depend on what communities you follow.

I'm not a crypto supporter. I do find the tech a bit interesting. I guess, tech-wise, Lemmy would be more comparable federated crypto like Stellar or Ripple (dunno if these are still federated, or if more popular federated crypto exists; been a very long time since I kept up with it). Without some sort of "trust" decentralized systems are too expensive (resource-wise) to be worth it, IMO.

Off-topic, but I'm kinda surprised p2p networks haven't really advanced since Gnutella. I believe they had the concepts of trust/reputation and self-organizing networks with "super-peers" way back then.

those are probably vocal minorities

No. One is a decentralized social media platform. The other is an environmentally irresponsible pyramid scheme. They have nothing to do with each other.

I was interested in the beginning, but after the initial hype it just seemed to be a lot of people running scams. I'm sad I didn't gather a bunch early on, but I only would have sold it in/by 2020. I didn't have any use for it but to hold it until it was profitable to sell.

i mean if you use stuff like monero to pay anonymously yeah sure go ahead but majority of crypto are just shitty scams.

or you could just pay with cash, the original anonymous payment method

I filtered out every crypto and investing sub on Reddit other than r/bogleheads

No.

Also Lemmy is not trustless at all, which is a very important part of crypto. In fact the reason that crypto can’t really do anything worthwhile is because it has to be completely trustless.

Nope. Closest thing I do to crypto is purchase satoshis to fund value for value in Podcasting 2.0, and that one time I bought doge in the dip that it never really rose from, but that's it.

Dont think so, they might just be very loud. A couple of other reddit alternatives, on the other hand, …

I think cryptocurrency is a cool concept and can definitely have some legitimate uses. I just don't think we've figured that part out yet. I'm firmly in the camp of "I do not support it but also am not against it".

I think in the early days it was because most here were left-leaning or libertarians, but now that the general public is starting to move in, it's more neutral/slightly negative.

Not a fan. I made some money with crypto, lost some as well. It's pretty much useful just for speculation (which really is just gambling but with a fancier name). Cryptobros and their wet dreams of web3 shall forever go unfulfilled.

I use Monero to pay for online services such as VPN, hosting, domains, VPS, E2EE cloud hosting, solely because I don't want to be on someone's list of customers and I don't want constant spam. Same reason I pay cash in stores and don't have loyalty cards. Might be very slightly more pricey that way but the reward for me is no marketing teams to deal with.

The hivemind of Lemmy has been the opposite so far in my experience. I'm probably what most here would call a "crypto bro," though I wouldn't call myself that.

It's weird to me that the occupy wallstreet folks are all like "banks do it better." It's also weird to me that it's gotten so polarizing. You don't have to be a libertarian to see its benefits, and you don't have to be a communist to want scammers locked up.

I've generally been seeing the opposite sentiment on Lemmy and I'm here for it. Crypto bros can stay on the other site.

Not a crypto hater so much as the idea of it goes.

It's a lot like the rest of the internet: anonymous things moving and interacting can be unpredictable. From what I've seen on the dark net, I'd assume we will see the same extremes manifesting in transactions; that is that it will be very helpful for crimes, but also very helpful for ppl who need weed medically but can't get it legally, ppl who need money because they are pursued politically, or ppl in other dire circumstances.

It's all very complex, and I think there is a legit good reason for it. That said, I'm not the person to judge what outweighs, I just know it's far more complex than "crypto bad" or "crypto yes". Let's just hope whoever will be in this position is far knowledgeable in that regard than me.

Sincerely, a small developer and 3d artist.