Okay but like, you also realize gas fees for transactions can get stupid expensive right? Banks don’t have variable rates.
Comment on What's Happened Since Time Dropped Its Paywall 1 Year Ago
anarchyrabbit@lemmy.world 4 days agoYes all over the world people can send USD but the banks take a big cut.
wholookshere@lemmy.blahaj.zone 3 days ago
spongebue@lemmy.world 4 days ago
If by “a big cut” you mean maybe a few percent, and that most businesses take electronic payments anyway because there are advantages (people are more likely to buy stuff when convenient, accounting is easier, less risk of theft/loss than physical cash, etc) then sure, I guess.
If you think the solution is to make up a new kind of imaginary money that takes a shitton of energy to maintain, which has tons of different types (Bitcoin, Ethereum, whatever one was referenced in the initial comment) and would happen to greatly benefit those who happened to be early adopters (TOTAL coincidence, I’m sure)… No.
postmateDumbass@lemmy.world 4 days ago
Using crypto helps diversify wealth away from the banks and individuals that own the overwhelming majority of dollars, euros, etc.
Who do you want to benefit?
spongebue@lemmy.world 4 days ago
Generally speaking, people who contribute to society.
I don’t see “gambling on the right cryptocurrency” as a contribution to society. I also don’t see how “individuals that own the overwhelming majority of dollars, euros, etc.” wouldn’t simply become “individuals that own the overwhelming majority of cryptocurrency” by virtue of working with that