• Syn_Attck@lemmy.today
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    8 months ago

    It’s okay bud, vent your anger at ‘missing out’, even though there are still newbies investing small amounts and making profit.

    Mass adoption is the reason crypto is so confusing and not more accessible, so if you want, help instead of hurting.

    A few months ago I had like $65 in spare change and threw it into some random coins that looked good. Here’s that wallet today

    Also, Bitcoin ATMs are a massive rip-off and PITA. Even so, we have 13 of them in my Midwestern city of 200k people.

    • Flying Squid@lemmy.world
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      8 months ago

      I didn’t miss out at something I was never interested in to begin with.

      Also, I have no interest in helping you with your tulips.

      Also, Bitcoin ATMs are a massive rip-off and PITA.

      Huh. Maybe this whole “fiat currency” thing isn’t the worst idea then. I can get it out of my bank’s ATM from the U.S. dollars in my checking account, they are accepted everywhere in the U.S. And the bank doesn’t charge me anything.

      • Syn_Attck@lemmy.today
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        8 months ago

        Also, Bitcoin ATMs are a massive rip-off and PITA.

        Huh. Maybe this whole “fiat currency” thing isn’t the worst idea then. I can get it out of my bank’s ATM from the U.S. dollars in my checking account, they are accepted everywhere in the U.S. And the bank doesn’t charge me anything.

        Maybe you didn’t comprehend the part where I said Bitcoin ATMs are a massive ripoff. I can buy any cryptocoin sitting on my couch at nearly 0% fees, versus the 5-10% the ATMs charge. Like the 2.5-5% fiat ATMs charge. Credit cards are also a massive rip off. Are you out here campaigning against fiat because fiat ATMs and credit cards are a massive rip off, and cash/gift card scams steal more than crypto scams?

        Mass. Adoption.

        The (current) lack of it is the only reason it’s such a pain to get into.

        But no worries, my entire back fence is littered with tulips of every color, I don’t need any more 😉. I’ll take a picture when I get home.

        • Flying Squid@lemmy.world
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          8 months ago

          I can buy any cryptocoin sitting on my couch at nearly 0% fees

          Cool. How can you buy a soda at the gas station with it?

          The (current) lack of it is the only reason it’s such a pain to get into.

          Maybe, again, if there weren’t a bajillion different cryptocurrencies that almost no one even understands how to use, there would be mass adoption. I have no idea why you expect mass adoption of something so confusing to happen first and then it gets less confusing. That’s not how anything works.

          • BobGnarley@lemm.ee
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            8 months ago

            You can use Coinbase or another similar intermediary to convert it to fiat instantly by using the card that comes with those services but still converting it to fiat isn’t quite the same as using DOGE coin or the like to buy groceries and I do hear you on that. However , man personally I have made thousands off of crypto. I do like some projects for their utility like Monero and Litecoin but a large percentage of so called “alt” coins and stuff like that don’t have any real utility beyond pumping so that’s true and I feel like a lot of what makes crypto seem like a waste of time to people. But certain coins have real inherent value and use cases that are beyond what people like me and you probably need. Those use cases are still important to the people who need them though. El Salvador is a good example everyone shit all over that dude for doing mass adoption of bitcoinand for ainute there it did seem like a rough idea but it worked out. I guess that’s the thing though everyone who has been in it from the beginning its because it keeps working out. Otherwise, everyone would be out of it and venture capitalist companies wouldn’t be buying in the billions. I mean, would you listen to people of they told you something you were up like 700% on was a bad investment?

            • Flying Squid@lemmy.world
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              8 months ago

              personally I have made thousands off of crypto

              And plenty of other people have lost their shirts. This is gambling on tulips.

              • BobGnarley@lemm.ee
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                8 months ago

                I knew a dude back in '07 who was real into stocks. Always trying to get me into it and always about it. Checking charts all the time. He ended up losing real bad and killed himself. What is your opinion on stocks?

                • Flying Squid@lemmy.world
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                  8 months ago

                  My opinion is that I’m not a gambler and my goal in life is not to attain as much material wealth as possible.

                  • BobGnarley@lemm.ee
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                    8 months ago

                    But stocks are a respectable trade and Crypto isn’t? I noticed you said people who make money on crypto are assholes, do you feel the same way for stockholders? Its just interesting that something you don’t like affects every aspect of your life (stocks, and the influence they have on bigger businesses to flourish and add value to our economy). Imagine your world without stocks. That new phone and computer probably wouldn’t be here, as a small example. Stocks are no different than Bitcoin other than one isn’t connected to a country. But saying neither have value isn’t telling the truth.

          • Syn_Attck@lemmy.today
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            8 months ago

            Cool. How can you buy a soda at the gas station with it?

            I can’t yet unless I go to a couple smaller foreign mom and pop shops, lack of mass adoption.

            Maybe, again, if there weren’t a bajillion different cryptocurrencies that almost no one even understands how to use, there would be mass adoption. I have no idea why you expect mass adoption of something so confusing to happen first and then it gets less confusing. That’s not how anything works.

            A few are dominant already, one that’s been dominant from the start but isn’t the best yet although is improving. Do you worry about the value and exchange rates of every single mineral and resource, of which there are a bajillion? Or do you just follow maybe gold and silver, or do you only follow fiat, and not even invest it?

            Edit: Since you down voted all of my discussion, I returned the favor.