Lmao, crypto tech bros coming out of the woodwork trying to get popularity for their bag holder’s game…
Also pretending that shit hasn’t been bought up by wall street
What? They have like 5%. You should revisit your stance
Bitcoin bros are acting like little pushed around victims now?
Needlessly antagonistic interpretation presented not for good faith discussion but for your own fragile emotional needs. Reap what you sow.
Trying so hard to sound smart, just like a bitcoin bro
I can dumb it down if you want.
Isn’t this a right wing meme about centrists, but with the text changed?
The Bitcoin side wouldn’t catch you, because that interferes with the user’s choice to hit the ground.
Credit card companies should be nonprofits under democratic control.
Could’ve would’ve should’ve
So many things could be so much better.
Poverty could end tomorrow if we wanted to.
War could end tomorrow if we wanted to
Healthcare could be free if we wanted to
Same for schools and education in general
“If we wanted to”
Let me rephrase that: if either the top 1% would let us, or if the 99% would just stand up and take what’s theirs, we could…
Euro has PSD2 which seems to be a step in the right direction
Yes let’s definitely side with the scam that’s been around for two decades and its only practical use is to rug pull chumps yes this is good advice
Bitcoin is a lot of things, it’s not a scam. Some cryptocoins aren’t scams either or didn’t start as one.
A lot of crypto coins are scams
Bitcoin and any blockchain based payment system is not a viable alternative to payment processors at world scale. Unless power requirements per transaction go down literally exponentially, it will never be.
Having said all that: Bitcoin does work on the current limited scale, it works better and easier and faster han all payment processors, and most importantly: Bitcoin isn’t a giant dick wanting to insert itself into every orifice of your body
Fuck Visa, fuck MasterCard, fuck American Express, fuck all of them you fucking psychopathic narcissistic assholes
Bitcoin may not be a scam per se, but its main usage is to facilitate scams. The biggest of which is being a market that speculators can manipulate to make the currency they actually want.
It’s not a scam requires a huge Wikipedia <citation needed>
I’m not saying it’s great, it’s shit, but at least it’s not as evil as visa or MasterCard
The insane thing about Bitcoin’s continued popularity is that out of all the thousands of cryptocurrencies out there, it’s easily the worst in every regard.
I’m not going to name names for fear of being called a shill, but if you want a cryptocurrency for just buying stuff there’s a ton that are more stable, faster, don’t cost a fortune to process, and don’t destroy the planet.
Bitcoin’s transfer fees alone are huge. It’s over $1 USD now for any transfer, and it will get much worse.
i wouldn’t be suprised if even Dogecoin works better that Bitcoin. then again monero is the most private
And it’s not even close to private.
It’s because the vast majority of people “into crypto” have no interest in the actual underlying asset. They’re just hoping to get rich. I honestly think it destroys any potential crypto had. It’s a shame because it would be good to have an alternative to credit cards for digital transactions, and especially to have a push payment method, as opposed to the pull method used by banks and credit cards
That’s the beauty of crypto, there’s flavour for everyone
Honestly, what’s the point of a credit card? Why don’t people mostly use debit cards? It gets just directly wire transferred from your account. No sort of junk fees or monthly subscription needed. Genuine Question.
If someone steals your debit card, they can directly take money out of your account. With credit cards, there’s a buffer between the product and the bank account, and it makes it easier to stop fraud
This problem could be solved.
But is it really worth all of the junk that you have to accept? I like the credit scoring, the monthly subscription, and, if you miss the date for paying back, the absurdly high fees. Well, yes, with the debit card you have, technically speaking, the risk of someone being able to make about 100€ worth of RFID payments, and then the code is needed again for the next 100€ RFID payments. For everything else that doesn’t involve RFID, the code is needed always.
The US implementation of chip and PIN left off the PIN. The reason given was “no one wants to put in a PIN every time” so for the vast majority of transactions you just hold up your card to the sensor or put it in the chip reader. PIN is only required for cash withdrawals in my experience.
Jesus Christ, that is absolutely moronic. No wonder people are so obsessed with losing their card.
What junk? Works same as a debt card but just not directly tied to a checking account, so less a big deal if it is lost or false charges made on it with companies reversing it. Get cashback on purchases, additional warranty on items, and able to do charge backs if company isn’t giving you a refund for whatever reason.
Most people who run into trouble are because they don’t realize credit cards aren’t free money so go beyond their budget. If you spend what you can afford and pay back each month question becomes more why should a debit card be used over a credit card?
Well not to stop it before it happens, surely, but an easier time reclaiming your money due to the buffer.
My debit card is a master card.
They still need to go through a payment processor, using a debit instead of credit card isn’t really the solution to the current problems.
Fiscally responsible people do it because of the cash back/perks and 0% interest.
Fiscally irresponsible people do it because ‘free money’ (ignoring the 28% annual interest).
Credit cards also offer better consumer protections than debit cards. Ex: chargebacks.
This is not true for many countries. Debit cards in my country have equal or even better consumer protections than credit cards and are also cheaper.
It’s true in the United States. In the US, a debit card transaction is an EFTPOS (electronic funds transfer at point of sale) and once you enter your PIN, there are no take-backs and if you want a refund and the merchant refuses, you have to resort to the legal system for recourse. Credit cards, on the other hand, have consumer protection rules and dispute procedures.
Fiscally irresponsible
I mean, there are people who just don’t have the money for a needed “purchase” (like medical care, transportation, or food), and hope they’ll be able to get a better job or make more money in the future to pay it off later. Been there.
Because people are reliant on debt because wages haven’t kept pace with expected standards of living.
Of for more ago well off people some cards offer perks like cash back or air miles and it’s free if you pay it off in full each month.
Also, in my country at least, you get more protection if you have an issue with the goods you’ve bought. https://www.moneysavingexpert.com/reclaim/section75-protect-your-purchases/
Because many people don’t actually have the money on hand. Some do but me and many others are spending money we don’t have yet. It’s a negative feedback loop of debt because capitalism sucks
You get points. I pay a fee on only one of my cards, the one that gives me 6% back on groceries. I make decent money using that card.
I’ve just got rid of my credit card after 10 years in NA. Yes it can come in handy if you need a couple grand all of a sudden but damn, what a ball and chain, I hated it
Crypto is still a scam.
Bitcoin is not crypto
it’s literally called a “cryptocurrency”.
Yes but they are still very different things.
only if you change the definition of “crypto”.
Many would argue that there needs some distinction between them. The ongoing joke is “Shitcoin” as many have abandoned the benefits of bitcoin.
Wtf are you talking about??? Bitcoin is THE cryptocurrency.
what
Yeah I don’t understand the meme
If you do not know a lot about “crypto” then I would say the main thing to understand is that there is Bitcoin (not owned by any single entity) and then there is everything else. Other “coins” are owned by corporations that can make decisions about it and change it to some extent. These are extremely risky.
Bitcoin (btc) does have risk but much less. It is not owned by any company or person or country. It is like the internet, only exists because tens of thousands of internet providers(miners for Bitcoin) around the world make it possible. Bitcoin has, in its codebase, a limitation that any change must be agreed upon by 95% of these providers(miners). This way security patches and bug fixes can be added because everyone agrees those are good. Other harmful changes would never reach 95% agreement therefor could never be implemented. There is a limit of 21 million Bitcoin and this number can never increase unless 95% agree to it… which they never would. This is in stark contrast to normal money which is constantly printed(at random rates depending on who happens to be in control at that moment) so that the supply increases making its value drop.
Scamming happens with cryptos, Bitcoin, euros, dollars,yuan… and always will.
there is Bitcoin (not owned by any single entity) and then there is everything else. Other “coins” are owned by corporations that can make decisions about it and change it to some extent. These are extremely risky.
What? Just ridiculous misinformation. Every coin but BTC is owned by corporations? Huh?
True, controlled by corporations or individuals except a few. XRP is an example of a coin that could be drastically changed and the coin owners would be left in the cold.
The main reason I don’t care for bitcoin is I have to count a bunch zeros after the decimal point, before reaching a useful number. $1 = 0.000006128921 btc? Really? Screw those zeroes. Bitcoin is inefficient in so many ways.
If you’re paying for small good (25-50$) you usually pay in “Satoshis” 0.00000001 BTC. If you convert it to dollars, 10 satoshis is 1 cent.
I still haven’t come across anywhere, or any reason, to buy goods with BTC. I look for things I need, not ways to spend. I have these beautiful apps showing me clearly how to buy bitcoin, but no one is giving me any reason to do it. What am I supposed to do with a satoshi? Groceries? Nope. Furniture? Nope. Housing? Nope. A T-shirt with some BTC logo on it? 🤨
Anything you can buy cocaine with is fiat currency imo
The only reason I’ve ever used crypto is to buy DIY HRT and other drugs off the internet :)
Case in point
And twenty bucks to the Chinese miners as a “transaction free”.
Lightning network, taproot, all that shit, just paper over the fact that Bitcoin cannot, by design, handle enough transaction volume to become a general purpose currency without reinventing a lot of mostly centralized payment infrastructure.
Lightning is generally pretty stupid
It’s a catch 22 solution. It only allows bitcoin to scale if hardly anyone settles back on the bitcoin network.
You can commit money to a payment channel with a third party to create a private ledger so the third party can perform payments in your name to someone in using their shared channel on their private ledger.
Motherfucker, that’s just a bank and two bank accounts with extra steps.
Things are often measured in mBTC or µBTC for this exact reason.
Just as you don’t measure the length of an ant in meters, you measure it in millimeters.
But you never see milliBTC or µBTC. Your post is literally the first time I see µBTC. No normal person knows how to type µ, let alone knowing what it means or how many eggs that buys. My crypto currency converter doesn’t even use µBTC.
1 dollar is currently worth .0000084 BTC; or, 840 Satoshi if zeros scare you.
What if foreign words scare me more?
The person you’re replying to loves republicans, so they should be familiar with the concept.
This person I’m replying to loves eating their own poop.
I’m using the same amount of proof they did for this claim.
How much is it in binary digits oh brave one? And tell me how many milliseconds it takes you to calculate this with your mind.
It was far less valuable when it first started becoming trendy. 1 BTC for a pizza, or whatever. Now it’s turned into a hyperinflation wheelbarrow kind of situation.
Exact opposite of hyperinflation
Monkey brain no like small numbers. Monkey brain like big numbers.
But for real, Bitcoin was the first decentalized currency to solve the Byzantine Generals Problem. Its worth something because its transparent, unmutable, and the original digital currency. It was birthed via grassroot origins in depths of the housing crash. It calls out the Federal Reserve (and any other human institution that seeks to expand their money supply).
Yeah. Just like how wood fire was the first way to cook fish.
It’s one of the least bad things about it, and if not for approximately twelve thousand bad things about it, would be easily fixable.
It’s modern commerce. Participating in it at all associates you with shady characters. It’s unavoidable.
This is a heated topic it seems, to crypto or not to crypto.
The cartoon is misleading. There are more alternatives to Mastercard/Visa than crypto.
Yeah I know, that’s just mostly the debate I’m seeing.
I think the most viable good solution is EU regulation, maybe through citizen initiative, seeing as payment processors are one of the biggest Gatekeeper around.
This doesn’t even make any sense. Just use cash if you hate cards. Most places actually will love you for this.
Fuck crypto.
Doesn’t work for online stuff. This is probably referencing how steam was recently forced to can a bunch of its porn games to appease payment processors.
Oh sure, now Lemmy wants to embrace crypto instead of calling it a scam, all because your porn was threatened.
I had to put up with so much abuse here just because I always say positive things about crypto. You people suck.
It’s not porn availability that’s threatened, but freedom. I don’t want to use bitcoin and I still think it’s a scam and a sort of gamble, but if Visa or Mastercard can deprive us of freedom, we may have to consider using bitcoin.
The don’t use Bitcoin.
I like Etherium cause it doesn’t waste electricity and you don’t need to buy expensive proprietary hardware to mine it. All you gotta do is press the “stake” button and enjoy that 4% APR. I made $500 in two years simply by sitting on my ETH and letting it grow. Just like how banks used to work back in the day. It’s nice; you’re missing out.
You can’t earn more than you worked.
The $500 isn’t real. You earned that by gambling, by taking the unnecessary risk.
Bro. I feel you. But you have to embrace the fact that Crypto is both a blessing and a curse. People certainly use it in scammy ways - but they do the same with dollars and physical currency.
So people hyperfixate on how crypto can hurt them instead of how they can be helped.
Crypto 100% can replace banks, savings accounts, the stock market, and pretty much every centralized financial institution that has already been captured by billionaire interests.
But you aren’t going to get people to hear that if you just complain about them fixating on the bad stuff.
Talk about what’s good about Crypto enough, and people will definitley come around.
What’s so frustrating about it is that every argument against crypto can also apply to fiat currency. The only one that holds water is the waste of electricity argument, which is why it’s important to invest in Proof of Stake coins like Etherium. So even that argument is a weak one at best. I just don’t understand the hate.
Well said! And same! The hate is entirely manufactured imo. Anyone with eyes can see that Bitcoin increased in value from .001 cents to $120,000 between 2009 and 2025. In that same 26 years what did the stock market do? Ride a rollercoaster of bullshit. The value of crypto is literally better than anything else in the last 2 decades, and that scares the people who control the fiat system outside it.
