Conversation

Notices

1. Embed this notice
   anarcho-catgirlism (anarchocatgirlism@transfem.social)'s status on Saturday, 23-Mar-2024 00:18:30 JST anarcho-catgirlism

   Crypto bros be like "no seriously, this is a replacement for money" then their replacement for money takes 20 minutes to send a transaction with a $20 mining fee

   • Embed this notice
     SuperDicq (superdicq@minidisc.tokyo)'s status on Saturday, 23-Mar-2024 00:18:28 JST SuperDicq

     in reply to

     @AnarchoCatgirlism@transfem.social The only other way to transfer money online is to give up all your personal information and have your money controlled by a trustworthy™ corporation.
     
     I'm not a cryptobro, but I am a hacktivist and so far there is no better way to transfer money online, unless you know of something I haven't thought of yet.

   • Embed this notice
     SuperDicq (superdicq@minidisc.tokyo)'s status on Saturday, 23-Mar-2024 00:27:53 JST SuperDicq

     in reply to

     @AnarchoCatgirlism@transfem.social If I could actually do things like receive my salary and pay my bills using crypto I would cancel my bank account, transaction fees be damned.
     
     Fuck banks, I believe a single bank does more harm to the world than all cryptobros combined.
     
     Of course using crypto to pay at stores or give money to someone you know irl is stupid and impractical, but so is using a banking app for that...
     
     We've already solved this issue for thousands of years. Just use cash?

   • Embed this notice
     anarcho-catgirlism (anarchocatgirlism@transfem.social)'s status on Saturday, 23-Mar-2024 00:27:55 JST anarcho-catgirlism

     in reply to

     • SuperDicq

     @SuperDicq@minidisc.tokyo that's fair. There's definitely a bit of nuance. It lets people move money who otherwise couldn't. Its useful for keeping activity hidden (to an extent. its not actually all that private). But it is vastly more expensive and inefficient than normal ways of moving money or just like...paying cash.
     
     Are there situations where crypto is the answer? Yes. Are they as boundless as the billions in investment money would have you believe? Not remotely lol

   • Embed this notice
     SuperDicq (superdicq@minidisc.tokyo)'s status on Saturday, 23-Mar-2024 00:29:58 JST SuperDicq

     in reply to

     @AnarchoCatgirlism@transfem.social The coins only have trading power as long as people perceive crypto as valuable.I'm really be real blunt here.
     
     But why do you think "real" money has value?

   • Embed this notice
     anarcho-catgirlism (anarchocatgirlism@transfem.social)'s status on Saturday, 23-Mar-2024 00:30:01 JST anarcho-catgirlism

     in reply to

     • SuperDicq

     @SuperDicq@minidisc.tokyo But like, crypto only has value as much as people are willing to put real currency into it. People just sending money across continents are directly putting a bunch of money in the pockets of crypto grifters. Most of the underlying value currently is hype-driven. The coins only have trading power as long as people perceive crypto as valuable.
     
     The value crypto actually represents is the energy it took to generate the coins. And it takes a lot of energy to mine cryptocurrency. Its very inefficient and bad for the environment at large.

   • Embed this notice
     SuperDicq (superdicq@minidisc.tokyo)'s status on Saturday, 23-Mar-2024 00:34:29 JST SuperDicq

     in reply to

     • Amber
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @puppygirlhornypost@transfem.social @AnarchoCatgirlism@transfem.social @lilithtransrights@transfem.social Same, XMR is my favorite crypto too.
     
     Just like the United States here in the Netherlands requires KYC to "legally" buy any cryptocurrency.
     
     But of course you should just completely disregard that and either mine your own crypto or you buy it on one of the P2P exchanges where you can meet someone irl or send cash in the mail to get crypto in return.

   • Embed this notice
     Amber (puppygirlhornypost@transfem.social)'s status on Saturday, 23-Mar-2024 00:34:32 JST Amber

     in reply to

     • SuperDicq
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @AnarchoCatgirlism @lilithtransrights @SuperDicq@minidisc.tokyo yeah XMR is unironically my favorite crypto. just use hardware wallets though, and the problem is that in order to even get something like xmr in the united states you have to go through a KYC exchange to get btc and just swap btc for xmr. there's no "legal" way of getting xmr in the united states lol.

   • Embed this notice
     anarcho-catgirlism (anarchocatgirlism@transfem.social)'s status on Saturday, 23-Mar-2024 00:34:35 JST anarcho-catgirlism

     in reply to

     • SuperDicq
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @lilithtransrights @SuperDicq@minidisc.tokyo that's largely a problem with ETH-derived tokens. Stuff like monero doesn't have any sort of data field. Its purely transactional

   • Embed this notice
     𝕷𝖎𝖑𝖎𝖙𝖍 (lilithtransrights@transfem.social)'s status on Saturday, 23-Mar-2024 00:34:40 JST 𝕷𝖎𝖑𝖎𝖙𝖍

     in reply to

     • SuperDicq

     @SuperDicq@minidisc.tokyo @AnarchoCatgirlism@transfem.social until someone places a token in your wallet that contains all your information

   • Embed this notice
     SuperDicq (superdicq@minidisc.tokyo)'s status on Saturday, 23-Mar-2024 00:41:09 JST SuperDicq

     in reply to

     @AnarchoCatgirlism@transfem.social I believe that those CO2 estimates like "Bitcoin produces more CO2 than Argentina" and whatever are completely and wildly inaccurate.
     
     Sure a lot can be said about PoS vs. PoW and general power efficiency and such, but really people wildly overestimate how power crypto actually uses.
     
     Most crypto miners (that I know of at least) would be using green energy. It's simply in their best interest to do so, because if you want to make money as a miner you need to lower your powerbill.

   • Embed this notice
     anarcho-catgirlism (anarchocatgirlism@transfem.social)'s status on Saturday, 23-Mar-2024 00:41:10 JST anarcho-catgirlism

     in reply to

     • SuperDicq

     @SuperDicq@minidisc.tokyo Yeah cash is the answer lol. My big issue with crypto is that it ponys around as the "digital cash" when its much more of a centralized bank grift than the PR spin would have you believe.
     
     I mean at the end of the day money is made up. Its just a tool to facilitate cooperation between humans (for the most part, capitalism fetishizes it to wild degrees). Digital cash doesn't have to output the CO2 of a small country in order to be useful or work.
     
     As usual the problem is centralization of power and profit seeking.

   • Embed this notice
     SuperDicq (superdicq@minidisc.tokyo)'s status on Saturday, 23-Mar-2024 00:44:02 JST SuperDicq

     in reply to

     • Amber
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @puppygirlhornypost@transfem.social @AnarchoCatgirlism@transfem.social @lilithtransrights@transfem.social It's so far the best we got. Maybe a new altcoin in the future will fix it.

   • Embed this notice
     Amber (puppygirlhornypost@transfem.social)'s status on Saturday, 23-Mar-2024 00:44:04 JST Amber

     in reply to

     • SuperDicq
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @AnarchoCatgirlism @lilithtransrights @SuperDicq@minidisc.tokyo as much as i fucking love the concept of xmr the implementation is laughably bad and not sustainable.

   • Embed this notice
     Amber (puppygirlhornypost@transfem.social)'s status on Saturday, 23-Mar-2024 00:44:05 JST Amber

     in reply to

     • SuperDicq
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @AnarchoCatgirlism @lilithtransrights @SuperDicq@minidisc.tokyo Well yeah the thing is that these currencies have deliberate bottlenecks. BTC increases mining rate in an unsustainable fashion, not to mention the fact that halving exists etc. XMR used to be able to be mined off of gpus emulating cpu crypto functions which was funny. Mining isn't sustainable at all, and never was meant to be. https://www.blockchain.com/explorer/charts/hash-rate look at the hash rate. the more processing power you give the bitcoin network the more it limits itself and makes it harder to mine.

   • Embed this notice
     Amber (puppygirlhornypost@transfem.social)'s status on Saturday, 23-Mar-2024 00:44:05 JST Amber

     in reply to

     • SuperDicq
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @AnarchoCatgirlism @lilithtransrights @SuperDicq@minidisc.tokyo https://news.bitcoin.com/bitmains-upcoming-monero-asic-miner-sparks-anxious-buzz-within-xmr-community/ like asics were made to be more energy efficient and the community doesn't like asics... it has to be general purpose cpus to bring back the good old days of mining at home (which will never come back these networks are not made to downgrade processing power. if we had a complete and total loss of power infrastructure and the government these currencies would be completely useless)

   • Embed this notice
     anarcho-catgirlism (anarchocatgirlism@transfem.social)'s status on Saturday, 23-Mar-2024 00:44:06 JST anarcho-catgirlism

     in reply to

     • SuperDicq
     • Amber
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @puppygirlhornypost @lilithtransrights @SuperDicq@minidisc.tokyo exactly lol. Plus the tradeoff of XMR is that yes its very private but also wildly inefficient. You mean I have to sit here with my gaming CPU at 100% for 3 hours just to be able to transact on this blockchain? WTF?

   • Embed this notice
     SuperDicq (superdicq@minidisc.tokyo)'s status on Saturday, 23-Mar-2024 00:45:56 JST SuperDicq

     in reply to

     • Amber
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @puppygirlhornypost@transfem.social @AnarchoCatgirlism@transfem.social @lilithtransrights@transfem.social The fact that the government doesn't like it is precisely why I recommend it.

   • Embed this notice
     Amber (puppygirlhornypost@transfem.social)'s status on Saturday, 23-Mar-2024 00:45:57 JST Amber

     in reply to

     • SuperDicq
     • 𝕷𝖎𝖑𝖎𝖙𝖍

     @SuperDicq@minidisc.tokyo @AnarchoCatgirlism@transfem.social @lilithtransrights@transfem.social I was trying to avoid recommending that specifically because my government treats that as money laundering afaik. they don't exactly like when you do things like that.