Comment on Itch.io is delisting NSFW games due to pressure from payment processors

MuskyMelon@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

• monogram@feddit.nl ⁨5⁩ ⁨weeks⁩ ago

  Naa onlyfans would have done it already.

  Crypto payments are too unstable, there’s a huge & rightful stigma on crypto scams. Enjoy your bitcoin once it becomes too expensive to trade.

  source
• ipitco@lemmybefree.net ⁨5⁩ ⁨weeks⁩ ago

  And that’s a great thing

  source

  • ICastFist@programming.dev ⁨5⁩ ⁨weeks⁩ ago

    Some of the actual reasons people hate crypto are:

    • extreme volatility
    • many coins’ value can be easily manipulated by whales
    • most stablecoins are probably one step away of crashing down like Terra Luna
    • resource intensive - you can shout about proof of stake all you want, there are still gigawatts of energy being burned to “mint” bitcoin
    • no protections because “code is law”, even when the code is flawed
    • forking risk nearly every year
    • the coins that aren’t as resource intensive, have fast transaction times and negligible fees, are unlikely to gain traction or receive widespread adoption
    • you still have to go through the hoops of a heavily regulated exchange to get actual money from any crypto you have

    source

    • ipitco@lemmybefree.net ⁨5⁩ ⁨weeks⁩ ago

      extreme volatility

      You’re free to avoid those coins then… volatility doesn’t mean bad

      many coins’ value can be easily manipulated by whales

      Yes, just like for stocks and pretty much every product on the market

      most stablecoins are probably one step away of crashing down like Terra Luna

      Stablecoins are often centralized so they’re not what the goal of crypto was, but sure. Why not hate the coins instead of the technology instead? Stablecoins are a small part of crypto.

      resource intensive - you can shout about proof of stake all you want, there are still gigawatts of energy being burned to “mint” bitcoin

      If you know this is incorrect, why lie and say crypto is resource intensive when it’s only a few that are like that? PoW has its flaws indeed.

      no protections because “code is law”, even when the code is flawed

      Every software you use is not liable for any problems that occurs with it. Incidents will always happen. All recent incidents involved someone getting hacked by other means, being menaced into sending them crypto (so it could happen to anyone with a lot of cash as well for example, or through offshore bank accounts), or a company stealing people. I’m not aware of any code fail.

      Pretty much all CEX are regulated currently. And with AML and KYC coming more and more (which is bad for crypto), the “no protections” claim is really false.

      forking risk nearly every year

      So? In case of a fork, you keep both coins… so you should still keep the value of both?

      the coins that aren’t as resource intensive, have fast transaction times and negligible fees, are unlikely to gain traction or receive widespread adoption

      Isn’t that the case of Solana? But yea currently there are problems with too many coins relying on PoW, but some just can’t do without it, like Monero. It’s the cost of having this system.

      you still have to go through the hoops of a heavily regulated exchange to get actual money from any crypto you have

      That’s because of regulation and the banking system, not the fault of crypto? It’s because people called crypto a scam that it became like that. You can still use the crypto to purchase stuff with it instead of getting fiat. Receiving money from P2P bank transfers is also similar to this, you’ll get asked questions as soon as you go out of the normal way.

      source

      • XM34@feddit.org ⁨4⁩ ⁨weeks⁩ ago

        Volatility doesn’t mean bad

        Yes, yes it does when we’re talking about a payment system. Hence why no one pays stuff in shares except for some billionairs for tax reasons!

        source

        • -> View More Comments
• LettyWhiterock@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

  The bitcoin boom turned any crypto currency into just a volatile means of investment. None of them are seen as currencies to buy things anymore, and I don’t think that’s changing.

  Not to mention the many other issues with crypto currency as a concept. But those don’t really matter in the face of, well, not being viewed as a currency anymore.

  source