• verdi@tarte.nuage-libre.fr
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    1 hour ago

    Bitcoin is the currency of pedos. Crypto is used to pay people in the global south to abuse children live on ppv streams. The real amazing things is the EU wants to ban encryption which is a basic right to privacy instead of banning crypto and in a double whammy fuck the orange pedo in chief and his suppliers and drug traffickers in one fell swoop.

  • GiorgioPerlasca@lemmy.ml
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    4 hours ago

    Cryptocurrencies have various use cases:

    • moving money from and to sanctioned countries, like Belarus, Iran, North Korea, Russia
    • paying for criminal activities, like hitmen, organs, drugs
    • scams

    In most cases, they do more harm than good.

            • enterpries@sh.itjust.works
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              7 hours ago

              It’s not just bitcoin, but cryptocurrency in general enables decentralized transactions and some of them even maintain anonymity for users.

              • HiddenLayer555@lemmy.ml
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                3 hours ago

                Why not go further and imagine a world without money, crypto or fiat?

                Bitcoin doesn’t give power to you or me, it just transfers the power from one set of bastards to another, because it’s STILL MONEY and money is and will always be a tool for exploitation.

              • wholookshere@piefed.blahaj.zone
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                7 hours ago

                until you need actual cash, in which case you give your identity to any reputable exchange.

                also who actually benefits from “decentralized” transactions? specifically who and how.

                also, that anonymity is what cash is for.

                • SaveTheTuaHawk@lemmy.ca
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                  4 hours ago

                  that anonymity is what cash is for.

                  Crytpo is a currency of crime and corruption. The biggest problem Pablo Escobar had was moving around thousands of pounds of money, a lot of which he had to bury and was eaten by rats. Cash is hard to launder. Ryan Wedding grew his empire very fast using crypto across borders.

                  The only advantage of crypto is that it doesn’t physically exist, and no one has to report sending or receiving large quantities of it, unlike cash.

                  $1M in 20s is 40-50kg of weight. Hard to smuggle up your ass.

                • enterpries@sh.itjust.works
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                  7 hours ago

                  until you need actual cash

                  Crypto can replace cash if more people use it.

                  also who actually benefits from “decentralized” transactions? specifically who and how.

                  Everyone that doesn’t benefit from the surveillance state.

                  also, that anonymity is what cash is for.

                  How are you going to exchange cash across vast distances quickly and anonymously?

      • 🇵🇸antifa_ceo@lemmy.ml
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        5 hours ago

        Crypto is just a speculative asset used to trick people into gambling their money on unregulated markets. Fuck you. It has no actual use in society beyond that and if you scree otherwise you’re just coping.