Yes, I know that it still exist, and yes, decentralized currency which utilizes distributed, cryptographic validation is not actually a strictly bad idea, but…

Is the speculative investment scam, which crypto substantially represented, finally dead? Can we go back to buying gold bars and Pokemon cards?

I feel like it is, but I’m having a hard time putting my finger on why it lost its sheen. Maybe crypto scammers moved on to selling LLM “prompts?” Maybe the rug just got pulled enough times that everyone lost trust.

      • JackbyDev@programming.dev
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        1 year ago

        “Did you know if you ask me if I’m a cop that I legally have to answer you truthfully if I’m a cop? So relax! What do you spend it on?”

    • Wander@yiffit.net
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      1 year ago

      Servers, VPN, domain names and recurring donations. Mostly donations every week. Servers and VPN on a monthly basis.

      • SaintLunatic@midwest.social
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        1 year ago

        Thanks for the response. Aside from the fed responses lol I was wondering what people actually used it for since we can’t deny there is a lack of products you can buy with crypto. I will def start using it for donations and VPN

        • Wander@yiffit.net
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          1 year ago

          Actually I’ve had really good success in paying for privacy services with it. I wouldn’t do it any other way, especially for things like a VPN where you don’t want the provider to have to keep your name and address due to legal requirements.

          Another great use case is sending money abroad, especially to countries where there’s other sorts of financial restrictions.

    • Geo_bot@dataterm.digital
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      1 year ago

      Look up crypto wallets and use the ones you can use on your local computer (don’t bank your coins in exchanges)

    • Derrek
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      1 year ago

      Friend of mine side hustles crypto. He has a full time job so it’s not quite his thing but sells a little here and there.

      The key was he got in early a bunch of years ago like all speculative markets.

      To quote George Carlin it’s like any other group of people: a few winners a WHOLE LOT of losers.

      • Atemu
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        1 year ago

        That’s not a “side hustle”, that’s just gambling.

        • Derrek
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          1 year ago

          I had a habit of avoidikg calling it that because of the aggressive replies I get saying it’s not gambling. 😆

          Man feels good to say crypto is gambling and speculative. I wonder what else I can say.

          Tiannamen Square.

    • Schooner
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      1 year ago

      I can answer this. All of my subscriptions are paid in crypto: email, alias service, gift cards, VPN etc.

      The reason is pretty simple. First, lots of sites don’t have the security standards cards in my country need to function. Second, I mostly use Monero to pay which is a completely private crypto so payment providers can’t peddle my data.