this post was submitted on 27 Jul 2025
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Crypto remains a pyramid scheme masquerading as a resistance against tyranny
Ironically you know what ACTUALLY protects from powergrabs by payment processors? A fully centralised, government backed form of digital cash that is fully equivalent to paper money.
Ask a Brazilian about pix. Super low fees (often feeling non existant). And transactions can't be invalidated on the whims of a corporate board. For something to not be buyable by pix it has to be illegal, thus having to go through every layer of checks and balances a democracy has.
The problem with visa and their ilk is that finance has been privatised. Too much power in the hands of corporations that have deftly dodged regulation that would keep them neutral and honest. Thinking privatising things further and turning everyone into a fully unregulated petty digital landlord is gonna solve anything rather than make it worse is foolhardy.
Adding a few more points to fully kill crypto as a "freedom currency"
What keeps people from looking at point 1 and not totally stopping there, you think? The game is statistically unwinnable and the more rubes play, the bigger the leech gets.
I looked into crypto seriously several years ago when a friend got interested. I had to inform them it was still a casino where Have's print the cash and make the rules, specifically so the currency returns to them with interest off someone else's(our) brow. ie, same scam as wall street stonks. Just reiterating Point 1.
Pretty pointless unless there is an anti-fascist buying collective or something. Remember when reddit saved gamestop for a few years and, uh, very suddenly a lot of common investment apps 'stopped working' that week?
As soon as you get a hand in their game, they'll show you right away you were meant to die slaving for them, not participating in decisionmaking (money AND politics).