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   Håkan Geijer (hakan_geijer@kolektiva.social)'s status on Friday, 10-Nov-2023 04:32:29 JST Håkan Geijer

   For the last few years, I've been having the recurring argument that cryptocurrencies should be supported by lefties regardless of their environmental effects or that many are rife with scams. The biggest argument for them was circumventing embargoes and sanctions. Now that Gaza is under siege, I have not seen a single person or group who is confirmed there asking for cryptocurrency for the seemingly obvious reasons of a) fucked internet, b) no power, and c) when water and food are scarce, what good is a bitscoins?

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     Rich Puchalsky :anarchism: (richpuchalsky@kolektiva.social)'s status on Friday, 10-Nov-2023 05:19:25 JST Rich Puchalsky :anarchism:

     @hakan_geijer

     They are shit technologies even if Internet was always on and you could always buy things with them because they were designed for pyramid schemes and currency speculation, not for actual transactions. Bitcoin has deflation built right into it so that the early miners / creators can get rich (as long as there are suckers). The whole blockchain thing is a badly designed database that can be used to track money.