• prof_wafflez@lemmy.world
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    4 days ago

    hype isn’t based on anything tangible

    So just like crypto

    EDIT: The crypto bros out in full force… and right on cue proudly proclaiming they don’t understand the difference between the value of blockchain technology (which so far has not had a ton of real world value outside of mostly impractical database applications, other than furthering climate change and buying drugs) vs the SPECULATIVE value of coins since coins have no real value factors to back up their SPECULATIVE value. Stocks often have real value that back up their value, like company profits or products. Stop drinking kool aid to the point of literal zero critical thinking, jfc.

    • alvvayson@lemmy.dbzer0.com
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      5 days ago

      I disagree.

      Like it or hate it, crypto is here to stay.

      And it’s actually one of the few technologies that, at least with some of the coins, empowers normal people.

    • Isthisreddit@lemmy.world
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      5 days ago

      I disagree - before Bitcoin there was no venmo, cashapp, etc. It took weeks to move big money around. I’m not saying shit like NFT’s ever made sense, and meme coins are fucking stupid - unfortunately the crypto world has been taken over by scammers - but don’t shit on the technology

      • Buckshot@programming.dev
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        5 days ago

        Since before bitcoin we’ve had Faster Payments in UK. I can transfer money directly to anyone else’s bank account and it’s effectively instant. It’s also free. Venmo and cashapp don’t serve a purpose here.

        • daellat@lemmy.world
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          5 days ago

          Same in NL most (all?) banks here have an app that lets you transfer money near instantly, create payment requests, execute payments for online orders by scanning a code, etc. It’s great I think.

      • aesthelete@lemmy.world
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        5 days ago

        It took weeks to move big money around.

        Lol this is just either a statement out of ignorance or a complete lie. Wire transfers didn’t take weeks. Checks didn’t take weeks to clear, and most people aren’t moving “big money” via fucking cash app either.

        “Big money” isn’t paying half for an Uber unless you’re like 16 years old.