this post was submitted on 07 May 2024
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Privacy

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[–] massivefailure@lemm.ee 0 points 6 months ago (1 children)

Also the fact Bitcoin is essentially a pyramid scheme. Get more people into it to artificially inflate its value, take the profits, leave everyone else with diminished value, build it up again, get rich, repeat forever.

Crypto should be illegal.

[–] EngineerGaming@feddit.nl 0 points 6 months ago (1 children)

Crypto IS usable as an alternative to regular card payments though. If it gets illegal - what do we have left for online payment? Bank system, which is very hard and illegal to use anonymously, and is subject to sanctions/seizures/whatever. There is cash by mail, which is not always feasible. GNU Taler looks interesting, but seems like it not implemented much yet.

[–] massivefailure@lemm.ee -1 points 6 months ago

Sounds like you want to buy drugs. There's not a lot you buy online that you do so anonymously. Sure, there's a few things, but for the most part it's for goods and services that require your information in the first place. So what's the point?

The best idea is just money cards that you can buy at brick and mortar stores for things. Advocating for a literal pyramid scheme isn't worth it.