can you still buy drugs in the mail with any of that stuff
like, I don’t see the point of cryptocurrency otherwise
literally every crypto headline I’ve seen for the last 6-7 years: rugpull, tax fraud, rugpull, scam, identity theft, scam, GPU market fuckup, scam, rugpull
with a crypto wallet you’re not relying on a bank that can control when you get access to your assets. but there sure are a lot of downsides to crypto as well.
Yeah that was the idea, originally (hence why they’re called cryptocurrencies). It’s unfortunate that that’s not what it’s actually used for, in most cases.
I once tried crypto, I added 10/15€ to the wallet, I couldn’t use them for transactions anymore cuz i needed to add at least 20€, i honestly just left those money there and ignored cryptos ever since; it was not told to me anywhere that i needed at least 20€ for transaction, i expect them to hide even more important infoes about how the shit works if they do not bother to let me know such stuff :/
As to crypto, lots of folks outside the monetary system use it, I r ever lot of Venzualans under Maduro were using it to buy groceries etc Feamily overseas couldn’t get remittances to them (because
e of the US) , so they used crypto. Similarly a lot of Africans who were having their currency devalue hand over foot oved some into Crypto.
Here’s a practical use case: Sending money internationally.
I wanted to send some money to a friend in another country once, and it was difficult to find some service that could do it without some crazy expensive fee.
I’ve sent money to other countries before, but for this particular country, it was different. Maybe it’s some (dis)agreements between our governments, banks, etc. Maybe it would require the service to send it through another country or two, or convert it to some other intermediate currencies. I didn’t look into it, so I don’t really know why it was so expensive.
Anyway, it was much simpler and cheaper to just send crypto instead.
The lack of regulation is good ackchually ☝️🤓
can you still buy drugs in the mail with any of that stuff
like, I don’t see the point of cryptocurrency otherwise
literally every crypto headline I’ve seen for the last 6-7 years: rugpull, tax fraud, rugpull, scam, identity theft, scam, GPU market fuckup, scam, rugpull
with a crypto wallet you’re not relying on a bank that can control when you get access to your assets. but there sure are a lot of downsides to crypto as well.
Crypto should be treated as alternative to payment not for investing.
Yeah that was the idea, originally (hence why they’re called cryptocurrencies). It’s unfortunate that that’s not what it’s actually used for, in most cases.
I once tried crypto, I added 10/15€ to the wallet, I couldn’t use them for transactions anymore cuz i needed to add at least 20€, i honestly just left those money there and ignored cryptos ever since; it was not told to me anywhere that i needed at least 20€ for transaction, i expect them to hide even more important infoes about how the shit works if they do not bother to let me know such stuff :/
Edit: i used USDC i think
And with those crypto headlines, how safe is it to really use crypto for transactions? I think I’d rather just swap a handful of cash at this point.
Hey, you can buy plenty of stuff besides just drugs (illegal weapons, human organs, enslaved/trafficked people)
i have a few dollars in BLOX, pays a weekly income
https://nicholasx.com/blox/
We’ll see.
As to crypto, lots of folks outside the monetary system use it, I r ever lot of Venzualans under Maduro were using it to buy groceries etc Feamily overseas couldn’t get remittances to them (because e of the US) , so they used crypto. Similarly a lot of Africans who were having their currency devalue hand over foot oved some into Crypto.
I’m sure Cuba uses it because… what choice ?
The rugpulls GP is warning about come from centralized assets like that. If you’re trusting your money to some guy, then you’re doing crypto wrong.
There were also environmental concerns, but AI seems to have taken that spotlight
Here’s a practical use case: Sending money internationally.
I wanted to send some money to a friend in another country once, and it was difficult to find some service that could do it without some crazy expensive fee.
I’ve sent money to other countries before, but for this particular country, it was different. Maybe it’s some (dis)agreements between our governments, banks, etc. Maybe it would require the service to send it through another country or two, or convert it to some other intermediate currencies. I didn’t look into it, so I don’t really know why it was so expensive.
Anyway, it was much simpler and cheaper to just send crypto instead.
Wise, Revolut and others handle it for you with low fees.