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I was wondering what viewpoints and opinions this community has when it comes to cryptocurrency.

Personally, I'm not against it, but I'm not for it either. I like the concept of bringing back cash anonymity, and also decentralization (obviously). Although I don't think it will be viable for at least another decade.

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[-] BrightCandle@lemmy.world 1 points 7 months ago* (last edited 7 months ago)

I have used Bitcoin a number of times for international purchases. Its not really got to the point of currency so much as a medium mostly of speculation and often interchange for crime but it can improve your privacy. The user experience of the payments isn't the best but international transfers are often hard to do anyway and in that particular field it can often be a lot quicker, cheaper and easier.

[-] Linkerbaan@lemmy.world 1 points 7 months ago

Amazing but transaction fees are still too high for normal daily use.

[-] delirious_owl@discuss.online 1 points 7 months ago

Monero transaction fees are between $0.01 to $0.00

Compare that to a bank wire feez which can easily be $100

[-] makeasnek@lemmy.ml 0 points 7 months ago

Not with L2s like Bitcoin lightning. Your fees come in under a penny in most cases and are not tied to chain space because they are not on chain. This is 100-1000x less than credit cards, for example.

[-] Mubelotix@jlai.lu 1 points 7 months ago

Lightning is the universal answer

[-] PoliticallyIncorrect@lemm.ee 0 points 7 months ago

I like crypto specially because I'm paid by crypto transactions and at the same time I have investments in crypto and I'm making good money ๐Ÿ‘๐Ÿ‘.

[-] LWD@lemm.ee 2 points 7 months ago

You don't say...

[-] onlinepersona@programming.dev 0 points 7 months ago

Multiple governments want to have their own cryptocurrencies and bitcoin was recently accepted in ETFs (for investment) which is why its value it skyrocketing right now.

Stablecoins might become actually viable methods of payment or cryptocurrencies created by governments. But stuff like bitcoin, ethereum, and all the ethereum tokens, will probably never become used by a large section of the population for payments. The value just fluctuates too much.

What interests me most is the blockchain being used for voting. Wouldn't surprise me if that happened.

CC BY-NC-SA 4.0

[-] furzegulo@lemmy.dbzer0.com 0 points 7 months ago

fuck that utterly horrible shit

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this post was submitted on 19 Mar 2024
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