this post was submitted on 17 Oct 2025
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[โ€“] Bullerfar@lemmy.world 0 points 2 months ago (1 children)

I would Like to see you try.. How would you bann blockchain tech? The reason why bitcoin exists, believe it or not, is for you. To have an alternative to current world banking, which is screwing us all over with fake valuta. A factional number on your bank account, that is worth whatever the banks say it is. Bitcoin is an alternative to world banking, so we wouldn't end up in a financial crisis like 2008 again.

[โ€“] sp3ctr4l@lemmy.dbzer0.com 9 points 2 months ago* (last edited 2 months ago) (2 children)

Bitcoin was supposed to be an anonymous, secure, digital currency.

If you actually want that, its called monero, not bitcoin, and even it has problems.

Bitcoin, ethereum, all the forks and clones of them with different stupid names?

Not anonymous, not secure.

Oh, right, and they're all massively tied into that financial/monetary speculation machine that they were supposed to be an alternative to.

Now, you just have a crypto balance that is whatever your coin exchange says it is, untill oops, turns out they were double holding 'your' coins in some way, you actually have none, or, a market swing or crash wipes out your 'store of value', because you actually invested in a complicated ponzi scheme.

For all the bullshit fraud and dangerous speculation of traditional finance, the crypto space is a million times worse.

Crypto now largely just is a speculative asset.

It never took off as an actual medium of exchange for anything other than basically illegal guns and drugs... its just a new, more insane kind of stock market, a new kind of speculative asset.

Every crypto video game is a fucking joke.

NFTs are a fucking joke.

Everything you dislike about traditional banking and finance?

Crypto is that, but much worse.

[โ€“] Bullerfar@lemmy.world 1 points 3 days ago (1 children)

Where do I write anything about anonymity? I am talking about an alternative to the current world banking system, which sucks.

[โ€“] sp3ctr4l@lemmy.dbzer0.com 1 points 3 days ago* (last edited 3 days ago)

A core component of the original pitch of Bitcoin was that it would enable anonymous transactions, thus circumventing discriminatory practices from banks, things like being debanked.

But... turns out, you can fairly easily and fairly anonymously deanonymize a bitcoin wallet, in many situations.

You didn't specifically mention anonymity, but I was reading 'the white paper' within days of it being published by Satoshi.

That intended design element has functionally failed, unless you wanna move over to Monero, basically, but Monero has other problems, from a currency standpoint.

[โ€“] bufalo1973@piefed.social 4 points 2 months ago

The very moment you can get more coins by wasting energy, disk space or "digging" it in any kind of way means that will be used to speculate.