this post was submitted on 24 Jul 2025
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Yeah, I know leftists hate crypto but this shit legit is making me want some.
I know crypto sucks in a lot of functional ways but those issues can probably be sorted out eventually. I don't want to let puritanical authoritarian dipshits dictate what I can buy with my fucking money, or even see if they start also fuck with hosting of free content as well.
I don't even buy porn games, doesn't matter. Its the principle of the thing. And this shit can easily get worse if we let them.
Transactions should be autonomous push transactions, which crypto does. To send money with crypto, you actually send it, as opposed to a merchant pulling money like with credit cards. The additional part is crypto is autonomous. No card company acting as arbiter of all transactions
In that way crypto is objectively a superior method of transaction
Where it fails is throughput, use as a speculative investment, and lack of stable backing. Throughput can be solved, but I don't have a solution for the other two. Bitcoin was honestly great to use for transactions (where you could) until the value exploded. Ethereum is okay, but not great, even with other transaction technologies stacked on top
The US recently passed legislation regarding stablecoins. If I understand correctly, they now need to be backed 1:1 by the US dollar or a "low-risk asset". The latter seems dubious to me, but I'm curious to see what will come of 1:1 dollar pegged coins if the US government is throwing its weight around to support the concept...
I can't believe I'm seriously entertaining the idea of using cryptocurrency, but here we are in 2025... -.-