Comment on What's Happened Since Time Dropped Its Paywall 1 Year Ago
stonerboner@lemmynsfw.com 4 months agoProbably because the overwhelming majority of people see crypto as a scam, and the market share for its use is trivial and better facilitated by actual currency. As well, it’s extremely volatile and recently halted itself. It’s probably one of the worst things a company can accept in exchange for goods or services.
The old perception is reality, while your not wrong, still means decent institutions are losing out on funding options.
Credit cards were seen as a scam at one point because scary digital currency. Same with torrent protocol. To be honest I’m suprised lemmy doesn’t accept it for server donations.
So its either stay with the current model which is visibly dying or find another way
I mean, I don’t think accepting crypto would make or break any organization beyond a niche mom and pop operation. If they would die without accepting crypto, they are likely not going to be saved by it. I doubt there are many people, especially in the USA, who would or could only donate via that option.
In my personal opinion, crypto IS a scam and every organization would be best served dealing in real currency.
Admits to not even spending 20 minutes understanding it
iTs A sCaM
If I can’t buy groceries, pay rent or medical bills with it, it’s in not a real currency. If I can’t bail myself out with it, it’s not a real currency. But sure, somehow paying money to get faux money that can’t really practically pay for my needs, and then needs to be reconverted to real currency to take care of my needs is somehow not a scam.
Also, I’m sure you’re super cool with the insane non-renewable energy cost of bitcoin mining and distribution. It far outweighs the energy cost of AI that everyone is complaining about.
Ah yes, the dying media will be saved by the currency that doesn’t have widespread support.
This is linux style thinking. The whole “I see the advantage of this way, and maybe it even is a more efficient way of doing things, but without widespread support I’ll continue to be baffled by why others don’t see the world the way I do”.
the flagship coin recently halfed itself
Why mention something you don’t understand at all?
What, you mean I read a headline and repeated it in the wrong context? Damnit. I totally should have wasted 20 minutes reading further about a faux currency that I can’t even buy groceries with
Nah, way better to just spout off misinformation about things you won’t even take 20 mins to educate yourself about.
Ah, making a mistake is spouting misinformation. I see you love hyperbole! I’ll be sure to tell my high school students when they get quiz question wrong their answers are misinformation because they didn’t study. See, I like hyperbole, too
Complete ignorance is pretty standard among anti-crypto extremists.
XeroxCool@lemmy.world 4 months ago
Do you know what halving means? It’s not a stock split and it’s not a value halving.
stonerboner@lemmynsfw.com 4 months ago
Ah, so the people creating essentially get paid half for the same amount of work. That’s WAY better lol. Yeah, I’m not super into knowing so much about faux currency. I tend to deal with the real kind. So please pardon my mistake 🙏
technocrit@lemmy.dbzer0.com 4 months ago
Here’s some more 101 info: Computers do the work, not people.
stonerboner@lemmynsfw.com 4 months ago
Oh, are you talking about the insanely high non-renewable energy used to mine coin and distribute, which is way beyond even AI?
Because I think it’s pretty evident that the coin halving heavily impacts our environment as it now takes twice as much energy to create the same value.
Actually giving a shit about the Earth 101 for ya.
buddascrayon@lemmy.world 4 months ago
LoL, no with stock splitting you get the same value only with more stocks that can go up in value eventually. This is worse cause the same amount of work(arguably more considering how many server farms are out there mining the same coin now as opposed to back when it started) for half the value. So, in a very real sense it does actually halve the value. And that’s not even looking at the fact that crypto currency has no inherited value. It’s not backed by anything but the investment of interest by crypto bros and shady groups looking to hide transactions and assets.