• Ceedoestrees@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    1 year ago

    Integration isn’t the same as substitution, it means I can pay a dev living in Indonesia in eth and they can deposit it to their bank without having to go through a third party, because it’s a hell of a lot faster, safer and easier than trying to set up an international wire transfer between banks who don’t speak the same language.

    Furthermore, if cryptocurrency helps a population regain control of their finances in a failing economy, how is that a bad thing?

    • Astroturfed@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      Didn’t say it was a bad thing. Just think it’s funny that being usable in an unstable third world economy is about the only good use case for the amazing currency of the future.

        • Astroturfed@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          edit-2
          1 year ago

          You’re right I’ll go dump all my retirement savings into whatever crypto is the next big thing tomorrow. What was I thinking, new money is so much better than old money. Cuz it’s worth more money than old money and money’s better.

          P.S. it’s easy to tell where the third world starts, it’s where they use crypto instead of a central bank currency.

          • Ceedoestrees@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            1 year ago

            I mean, it’s generally considered kind of a slur now? And also because it was a bit racist to begin with, since it measures progress against white, western ideas of progress.

            But it’s impossible to have a discussion about crypto with anyone who gets their information from one news source and a bunch of reddit comments, or whatever information you get from people who furiously agree with each other.

            I don’t think crypto is great, I think it’s a useful tool.

            I don’t think you’re arguing in good faith so w/e. Take it or leave it.

            • Astroturfed@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              ·
              edit-2
              1 year ago

              Oh shit, you finally got the point. I really don’t care to argue with you. Your smarter than me. Bitcoin is clearly the wave of the future. I only read newspapers from the 90s or something. I must have no idea what it even is. Everyone who buys into crypto is a genius and we just don’t understand it cuz it’s so cool. New money>old money cuz techbro said so.