this post was submitted on 27 Jul 2025
602 points (78.4% liked)
memes
16588 readers
2462 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
A collection of some classic Lemmy memes for your enjoyment
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I honestly never understood how Lemmy, a privacy and decentralisation focused community, is so vehemently anti-crypto. It's worse than genAI. Every time it is mentioned, everyone goes "crypto is a scam". I don't think I've ever seen any good faith discussion around it, just "scam", "pyramid scheme", and "only criminals use it".
Let's get something out of the way immediately: shitcoins are a literal pyramid scheme and a scam. Anyone can make their own cryptocurrency in an evening, and anyone who throws money at them is either a fool or a gambler.
But I really don't understand what people mean when they say Bitcoin, or Ethereum, or Monero are a scam. Sure they can be used to scam you, just like Amazon gift cards can. Maybe it's about the price volatility, but the price of all 3 mentioned before is up on a day, week, month, 6 months, year, and 5 year scale. It's volatile, but is not a scam. If you bought and sold at two random points in time, it's more likely you made a profit than "got scammed". You know what actually is a scam? Credit scores, overdraft fees, having to pay to check your balance, and so many other fucked up practices in the US banking system.
"Criminals use them" is just the worst fucking argument, especially in a space like this. Are PGP, VPNs and TOR for criminals too? Do you think getting rid of crypto would stop crime?
And yes, proof of work fucking sucks. The energy consumption of Bitcoin mining is a problem. I am not a cryptobro who spends all his time making trades and is here to tell you that crypto is the salvation. They are far from being "good" for everyday use. I just wanted to point out how it seems that critical thought gets shut down at the sight of those 6 letters, and I hope someone can explain to me what they find so terrible about crypto (aside from environmental concerns and shitcoins)
Lemmy is quite left-leaning, and the impetus behind creating Bitcoin was right-wing Austrian school economics. Now, it's being pushed by literal fascists.
I can't say I've ever seen fascists pushing Bitcoins, but then again I don't frequent those spaces. I struggle to see how they are ideologically similar though. Doesn't seem like a very authoritarian concept
And can we really say we know what brought about the publication of the bitcoin whitepaper?
Trump, Bukele, Milei, Orban, Thiel, Musk, etc. It's the "Dark Enlightenment" and "Network State" type of fascists that want to replace democratic government with stuff like corporate-controlled city-states, and crazy shit like that. They see it as a means to starve the government so they can run their own corporation-like governments.
The message in the genesis block alludes to the ideology (as that kind of stuff was a major talking point for right-wingers back then), though I guess it's not definitive proof. The early community was definitely Austrian-school adjacent right-wingers though.
I don't know any crypto bros who aren't also MAGA/libertarian/fascist
Many MAGA/libertarian/fascists love ice cream. Does that mean ice cream is bad? We should be able to make up our own minds about things instead of turning everything into a partisan issue. A broken clock is right twice a day.
Crypto is stupid for entirely different reasons that I've enumerated in other threads in this post. I'm just observing a correlation I've noticed here which directly runs counter to another statement.
They aren’t pushing pro-ice cream laws, this is a disingenuous take.
The Republicans in US congress just forced through a bunch of pro-crypto crap, if you’re looking for undeniable proof.
I think we can. Have you not heard of this phrase before?
Satoshi Nakamoto put it in the zeroth block of the Bitcoin blockchain.