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submitted 1 day ago by FoxtrotDeltaTango@lemmy.zip to c/programmer_humor@programming.dev

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cross-posted from: https://lemmy.world/post/9525207

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[-] maplesaga@lemmy.world 3 points 22 hours ago* (last edited 22 hours ago)

Fake money for criminals is speaking of USD here?

Just because it grows at 8% doesnt mean its fake, its also fake because the Fed is a corrupt institution that stopped caring about measuring real inflation a long time ago.

[-] lime@feddit.nu 25 points 22 hours ago

or it's, y'know, crypto

[-] lambalicious@lemmy.sdf.org 5 points 20 hours ago

Thor's voice: "All money is made-up"

[-] mcv@lemmy.zip -1 points 19 hours ago* (last edited 19 hours ago)

Crypto currency. Bit coin's primary use case is crime, money laundering, drugs, assassination, ransomware. For normal transactions, it's too slow and expensive, but for crime, that's not a problem.

Also, USD is not a recent tech innovation.

[-] silentjohn@lemmy.ml 1 points 58 minutes ago* (last edited 27 minutes ago)

For normal transactions, it’s too slow and expensive, but for crime, that’s not a problem.

I'm no lover of Bitcoin, but this is just false. Using the Lightning Network (basically a Layer 2 application on top), transactions are near instant and cost only pennies.

Using the Ethereum network and L2s, which has an energy expenditure less than that of your dishwasher, you can move money instantly and for basically fee. There's a reason big corporations like Visa and countless others are heavily investing in and building on Ethereum: it's faster and cheaper than legacy tradfi rails. Also, it's a pretty good way to get aid to Gaza and other war-ravaged countries, pay for privacy-respecting email and VPNs, etc.