Crypto doesn’t have the same consumer protections as centralized cards, though. You can’t dispute a fraudulent transaction with crypto, as every transaction, much like cash, is permenant and irreversable. That and crypto also has a negative connotation with scams, as it is very commonly used to scam people.
The technology and the idea of a decentralized currency is cool, and with cryptos like Monero, can even mean private transfers of money across the internet, but it also has its flaws.
Sgt_choke_n_stroke@lemmy.world 1 day ago
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You think people can trust crypto?
Vitaly@feddit.uk 1 day ago
You don’t need to trust bitcoin because one of the fundamental principles of it is trustlessnes. the only problem I see is constantly changing price of bitcoin
dependencyinjection@discuss.tchncs.de 1 day ago
And the immense resources required as well as the processing time for a transaction.
Now I’m not saying someday a digital currency will work. Just it isn’t Bitcoin, plenty of other more viable coins but most people just gamble now.
E_coli42@lemmy.world 1 day ago
I think Bitcoin was a good proof of concept that this system can work and scale. Ethereum is trying to be the viable option. I personally like Monero. I am sure in a hundred years or so if crypto is still here, it will be more viable and stable.
Sgt_choke_n_stroke@lemmy.world 23 hours ago
You’ll own nothing and be happy about
group_hug@sh.itjust.works 1 day ago
Sure one BTC is one BTC. But how many USD is a BTC worth? A lot of that depends on the stable coin tether and that is backed 100% by “trust me bro”
And 99% of cryptoheads are just fine with “trust me bro” they just want “number go up” the rest of it seems to be misdirection and distraction.