Comment on [deleted]

• Wodge@lemmy.world ⁨1⁩ ⁨year⁩ ago

  This is just remarkably dumb. Free currency? What does that even mean? You giving out free money? Or do you mean a currency with no value?

  Money has a value, it’s the number on the coin, bill, note, or whatever you call it.

  You see something for 10 quid, give 'em a tenner, it’s yours. Amazing.

  Crypto on the other hand has failed as a currency. Far too volatile for commerce. Too many scams. It’s become a commodity to be traded, but it doesn’t exist, and has no inherent value, unlike other commodities that have a use other than to be traded.

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  • ttmrichter@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Far too volatile for commerce.

    That’s one half of the problem. The other half is that you have a choice between taking forever to get a transaction completed (Bitcoin can do about 10 transactions per second … WORLDWIDE!) or paying really horrifically high “gas” fees (Ethereum).

    The third half (I flunked fractions: sue me!) is that 99.44% of the crypto world is just scams: open Ponzi schemes or concealed ones.

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    • Viking_Hippie@lemmy.world ⁨1⁩ ⁨year⁩ ago

      While I agree with you, I’m gonna have to take you up on your offer to sue you for flunking fractions. I’d be willing to settle out of court in exchange for one (1) funny meme, though.

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    • jack@monero.town ⁨1⁩ ⁨year⁩ ago

      Just use Monero

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      • ttmrichter@lemmy.world ⁨1⁩ ⁨year⁩ ago

        That would be the concealed Ponzi scheme I alluded to above.

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  • jack@monero.town ⁨1⁩ ⁨year⁩ ago

    I obviously mean free as in freedom

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• Viking_Hippie@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Yeah, that’s definitely not gonna happen with crypto. The people with the most of it have already hoarded an even bigger share of the total amount than with real money and there’s nothing stopping them from continuing to do so

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