Comment on Resurrecting a dead torrent tracker and finding 3 million peers

• ipitco@lemmy.super.ynh.fr ⁨1⁩ ⁨day⁩ ago

  Breaking news! Criminals use crypto, and people get scammed. This happens as well with fiat, so that must surely mean fiat is a scam!

  Flawless logic, really. You people impress me with your thinking.

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  • GreenKnight23@lemmy.world ⁨1⁩ ⁨day⁩ ago

    if you sell something for $1 at 10am your $1 still buys $1 at 10pm.

    in crypto, it’s easily manipulated, and that’s by design. it’s a scam because the only people who have that control are the wealthy.

    If I sell 1BT worth of something at 10am, it could be worth 2BT at 10pm, but it could also be worth .1BT equally.

    the purpose of a Fiat currency is economic supremacy that is backed by the governing body and the economy that uses it.

    tell me, what governing body or economy is crypto backed by?

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    • ipitco@lemmy.super.ynh.fr ⁨11⁩ ⁨hours⁩ ago

      if you sell something for $1 at 10am your $1 still buys $1 at 10pm.

      This is untrue for pretty much everything, even fiat. Everything is a market. A good example of this: stocks.

      in crypto, it’s easily manipulated, and that’s by design.

      Now this is just false. You’re just inventing fake facts here. You clearly know nothing of the history of crypto.

      If I sell 1BT worth of something at 10am, it could be worth 2BT at 10pm, but it could also be worth .1BT equally.

      Uhh no? 1 BTC will always be 1 BTC. Its value compared to other assets will change though. And in that case it would have less value indeed. You’re just allergic to high variations and high risks assets. Stocks is exactly the same. Some assets vary more than others. Let me assure you the value of BTC will never do a +/-10x in a day

      tell me, what governing body or economy is crypto backed by?

      Emission (POW, POS…) (or total stock), demand and offer and perceived value, just like everything on earth?

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    • phoenixz@lemmy.ca ⁨21⁩ ⁨hours⁩ ago

      None of that is “by design” its just the result of an unstable system. Crypto sucks for a long list of different reasons.

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      • WhyJiffie@sh.itjust.works ⁨20⁩ ⁨hours⁩ ago

        it is by design for a lot of them.

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  • Psythik@lemm.ee ⁨15⁩ ⁨hours⁩ ago

    Don’t even bother. You’ll never get through to these drones.

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    • ipitco@lemmy.super.ynh.fr ⁨12⁩ ⁨hours⁩ ago

      Wtf are you talking about

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      • Psythik@lemm.ee ⁨11⁩ ⁨hours⁩ ago

        You won’t convince anyone one here that crypto isn’t a scam. These people are set in their ways.

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• Psythik@lemm.ee ⁨15⁩ ⁨hours⁩ ago

  Your existence is a scam.

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