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11 replies

poryreply
lemmy.world

Oh no, it's gonna steal all my crypto. the crypto i totally own. my crypto. you know, the crypto i use so frequently that i need an extension in my browser to manage it. that crypto.

10

I bought $15 of DOGE in 2013 and then the hard drive I had it on died. I didn’t ask for the drive back after getting it replaced. I sometimes wonder at what point I would’ve paid to have the data recovered so I could sell. I’m kinda glad I don’t have the option. Seems like such a silly waste of resources.

4
lemmy.sdf.org

Can't say I feel bad for people hit by this. Crypto is a scam and a waste of resources.

7
balsoftreply
lemmy.ml

I don't think all of crypto is always a scam. It can be useful in some instances, e.g. sometimes it's the cheapest way to do cross-border money transfers (apart from just traveling with cash). It's also the most private of the available digital payment schemes. But yeah unfortunately most of its use (which is as an "investment", rather than just a money transfer utility) is a scam and a pyramid scheme. BTC shouldn't cost $100k (or whatever it's up to now).

5
dilreply
lemmy.zip

feed go up when it increases in price so it's not even a good thing for it to have high value

1
balsoftreply
lemmy.ml

Yeah, but also the price of a coin is a reflection of how much people "want" it, which increases liquidity, making it easier/cheaper to finalize your transfers. It's a tradeoff as usual. E.g. with Bitcoin, you can find people willing to exchange cash for BTC and BTC for cash at exactly market rates, making your losses for a transfer equal the transaction fee. I don't think I could do that with some random memecoin.

1
dilreply

You would ripple or litecoin, whichever ones have small fees idr

1

"♫ Crypto ♫ through the tulips ♫ come drink up ♫ crypto juleps ... with meeee"

2

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