Comment on Bandcamp... What now?
ttmrichter@lemmy.world 1 year agoCryptoscam shill is shilling the cryptoscam.
It’s amazing to me that anybody considers crypto"currency" to be a viable currency these days after all the failures of the (… uh … you know that “exchanges” are payment processors right? RIGHT!? …) ecosystem to the tune of now billions of dollars.
But hey, you can at least send your funny money on a public ledger (for PRIVACY! LOL!) and have it get processed painfully slowly while contributing to more greenhouse gases than most medium-sized nations!
There’s literally no downside!
iopq@lemmy.world 1 year ago
You don’t need to use an exchange to get paid in crypto or use a crypto with a pubic ledger
Monero is far more private than letting a credit card processor have your information. Ethereum doesn’t use mining anymore so the electricity used for it is less than paying with credit card. It also takes a few seconds to process.
ttmrichter@lemmy.world 1 year ago
And now let’s address your second favourite crypto-Ponzi: Ethereum. This would be the Ethereum whose “smart” contracts are so fucking dumb that it’s almost routine to find stories of them being owned by kiddies? (Ask Hope Lend, Fantom Foundation, Balancer, Huobi, Remitano, and a cast of thousands.) Or would this be the Ethereum that filled to the brim with suspect entities like TrueUSD/$TEURO (which they laughably claim aren’t related despite both coming from the same address), Milady NFTs (or, let’s face it, ANY fucking NFT!), or any number of other rug pullers and such? Or are you talking the Ethereum that is so lazy an implementation that people trivially write snipe bots to manipulate values for things? Or are you talking the Ethereum so fucking lax (and convoluted in actual use) that even its founder got himself Twitter-hacked to wind up draining people’s accounts dry from a scam?
Yeah. Absolutely the org I’d trust with finance. Great suggestion, Sparky? Why not just resurrect Capone and tell people to put cash in this bag he’s holding out?
iopq@lemmy.world 1 year ago
Ethereum is not an organization, you don’t need to use NFTs or smart contracts if you don’t want to
ttmrichter@lemmy.world 1 year ago
Right. Ethereum is not an “organization”. It’s several organizations (like the Ethereum Foundation, say) with suspicious overlap in membership (like Vitalik Buterin, say) whose top 100 ETH addresses (out of about what? a quarter million? a third of a million?) own ~40% of the ETH making them one motherfucking powerful voting bloc. (Even Bitcoin, with some whales that are making people look askance at it, has only about 14% held in the top 100 addresses!)
And this doesn’t even begin to address the clusterfuck that is the enormous problem of PoS having “the rich get richer” built into its very core.
Agreed. And indeed you don’t need to use any cryptoscam bullshit at all. Which is what most people do. Because most people aren’t clueless idiots and can actually smell a scam. The cryptoshills are obvious scammers at the level of Nigerian Princes-in-Exile!
Here’s a suggestion for you, Sparky. Why don’t you toddle off back to nostr where the rest of your cryptobro buddies and their victims hang out instead of trying to infect yet another domain with your criminal scam?
ttmrichter@lemmy.world 1 year ago
Yes. The scam has mutated. All scams do. It’s still a Ponzi scheme and suckers like you are still trying to fill out the bottom of the pyramid so that you’re not the one holding the bag when it collapses.
When.
Not if.
Go shill crypto on that distributed messaging system specifically set up to shill crypto, dude. You’ll find more receptive suckers there.
ttmrichter@lemmy.world 1 year ago
So, let’s look over the first of your favourite funny money Ponzi schemes: Monero.
Is this the Monero that people are increasingly certain is doing the digital equivalent of printing currency? (C.f. “Monerun” for details.) The Monero that has a single mining pool that’s within striking distance of pulling off a 50%+1 attack? That Monero? 'Cause that “privacy” you tout for it works both ways. Yes, user details are private … but so are the operator’s details so there’s no way of knowing what’s really going on under the covers. Like, I don’t know, say, “paper Monero”…
Doesn’t even sound slightly scammy. Not in the slightest. I know I’d trust them with monetary matters!
wlf_warren@universeodon.com 1 year ago
@ttmrichter @iopq seems I remember them as well as a 'money exchange' never used them but the name rings a bell from a few years ago then I may be wrong?
ttmrichter@lemmy.world 1 year ago
I honestly lose track of the everchanging landcape of crypto grifters these days. There’s so many of them and the recent meltdown all across the crypto sphere has made them desperately come out of the woodwork trying to get ANYBODY to buy their shit before they’re left holding … sorry, hodling … the bag.
Monero is the one that is a private ledger, though, which means not only can’t other people see your transactions, you can’t see the transactions of the people running it to see if they’re scamming or not. They’re less transparent than a commercial bank and that takes a lot of effort!
I predict within a year Monero will rugpull and disappear into the digital æther. The whole crypto sphere is in a tailspin and the people at the head of the various pyramids are going to be leaving soon, leaving only the suckers behind.
iopq@lemmy.world 1 year ago
I just looked up Monerun
Monero is not doing “printing currency”. Some exchanges that promise to pay you monero may not hold it. That’s the same what your bank does. The back seldom has enough dollar bills to pay all of its depositors money.
But again, this is between an exchange and its customers. You can gasp use another exchange and withdraw your money immediately after using it
ttmrichter@lemmy.world 1 year ago
And you know this because…?
Right. You don’t. Because Monero is obstinately opaque in its operations. You’re taking it on faith (or, rather, you’re trying to make sure you’re not the bottom of the pyramid when everything goes to Hell).