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How would you feel about awards on lemmy?
(lemmy.world)
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this post was submitted on 10 Jul 2023
5 points (66.7% liked)
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Forget useless awards, we need c̶r̶y̶p̶t̶o̶c̶u̶r̶r̶e̶n̶c̶y̶ tipping abilities baked in here.
Edit: never mind
crypto is the beanie babies for this generation. Some people are going to make a lot of money but a vast, vast majority are going to be the proud owners of something worthless that they spent a lot of money on.
OK, thanks
You don’t have to put your life savings in, just use it to send 5 bucks across the network the same way you use Venmo
To what end? So it can get converted into a real currency immediately? I understand (since you spammed it everywhere) that you can donate via crypto, but that's only because crypto can be converted into a real currency.
Give it up, my friend; fetch isn't going to happen.
I can, via AliPay or WeChat wallet, reach out and send money to anybody on the AliPay or WeChat networks in seconds.
How long does an average Bitcoin transaction take again?
For small transaction (under 1000RMB/~US$140) there are zero transaction fees. For small businesses (doing under 10,000RMB/mo. in transactions) there are zero transaction fees as well. After that 10,000RMB limit is reached the transaction fees cap out at about 2% (they start smaller and ramp up as transactions increase).
What's the transaction fee for Bitcoin transactions again?
If fraud happens when I buy something (like a business sends fake goods, or doesn't deliver anything, etc.) the Ali Network (or Tencent for WeChat) steps in and reverses the transaction. I lose nothing. In addition if a business was egregious in its fraud, or has a history of doing it, the Ali Network (or Tencent) can and will remove that business' ability to, well, do business. A cancer is excised.
What's the recourse for bad transactions on Bitcoin again?
Donating via Bitcoin is the dumbest single way to donate. It's slow, it's expensive (robbing the people you're donating to of cash!), it's unreliable, and it's prone to abuse.
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Just being decentralised doesn't mean they have anything else in common.
Yeah, replacing useless rewards with useless crypto. Amazing idea.
yeah, money sucks
Crypto isn't money pal, it's a digital commodity that doesn't have a purpose other than to be traded. There is a reason crypto's value is measured in actual currencies rather than it's purchasing power, as you can't really buy much with it.
Right but creators can exchange it for money to like, pay bills and stuff. Don’t be daft
Edit: you can donate to lemmy in crypto https://join-lemmy.org/donate
Why if it’s a scam?
I'm sorry, but for me (and I'm not alone in thinking that), cryptocurrency is just a big scam. Also, if you can donate money directly to creators (to pay for bills and stuff), there's no need for any crypto wathever.
Then why not just give them money?
Ok, should I write a check? Who do I make it out to? How bout direct deposit: just give me the bank account number. Why is lemmy anti-crypto?
“Why not just give them money?”
Because every way to do it is trackable and cryptocurrency offers privacy-protecting ways to pay people. This should be important to this community. Nobody batted an eyelash opening their wallets to Reddit for coins, awards and nfts, but crypto is the scam? Ok
Well you could always try to give cash ;)
Snarky remarks aside, I'm not saying crypto is inherently a scam (although I do think it is more or less reinventing the wheel). I think it's less efficient than fiat currency at this point since you need to convert your crypto to make much use of it. I can see your point about privacy protection given that transactions and accounts are supposed to be anonymous (although I have some privacy qualms about all transactions being put onto a distributed public ledger), and anonymity can be necessary if you're suffering from persecution. But with anonymity, how do you prove your ownership over your crypto assets should you lose access to your account, or have it stolen? That's a very critical drawback to crypto.
Fine. I'll say it for you. Blockchain, specifically, is an enormous scam.
Monero would be the obvious choice of cryptocurrency for this community. No public ledger. Like the lemmyverse here, no currency is powerful until many people use it, so instead of resisting, which simply reinforces the status quo and keeps the companies in control, dive in and help grow the ecosystem, like you’re doing here!
Regarding your last question, I could ask those about cash. Crypto is a lot like cash, and if you lose it you’re kinda screwed. You just need to learn how to keep a hardware wallet safe.
I would hesitate to draw too many parallels between lemmy and crypto. Speech, ideas and social media is one thing, currency and transactions another, and I'm not sure applying the same philosophy to both is necessarily wise. Traditional currencies and banking have had centuries to work out problems; they may not be perfect but I don't see a fundamental need to throw them away and shift massively to crypto. Of course I could be wrong, so I'm not against experimentation, but we do need to experiment prudently and be open to critique :)
True, which is why most people keep their most of their cash in banks: it's more secure there and if anything happens you can always sue the bank if it comes to that. With a hardware wallet, what recourse do you have? Even if you take all the precautions you can, no system is completely foolproof, and as an individual it takes a lot of time and effort to do that yourself.
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It's because there are a lot of crypto entrepreneurs (who have a vested interest in the thing) who talk about it like it's the inevitable future of the economy, which is it's own kind of exaggerating.
I'm not in the US so I don't use Venmo, no.
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