Submitted by app_priori t3_yv7l2l in washingtondc
new_account_5009 t1_iwcstsc wrote
Have you tried the local jails? Before too long, most of the people organizing crypto schemes will be there, so you can talk about all sorts of exciting projects.
app_priori OP t1_iwct8lg wrote
Not all crypto is used in the conduct of crime. There are many bad actors, but I always encourage self-custody and people to do their own research.
Macrophage87 t1_iwcvojl wrote
What do people use crypto for besides buying drugs, paying ransoms, or just converting it to normal currency? Can you name a single normal use of money that crypto would give me? Can I buy a movie ticket with it? Groceries? Pay rent? Electric bills?
sprint113 t1_iwfnhax wrote
Newegg accepts cryptocurrencies, and when crypto was hot, a few local restaurants accepted it, but I wouldn't be surprised if most of them just took USD payments from the crypto payment processor.
4vrf t1_ixpqwmm wrote
Bitcoin's value comes from its properties. It is scarce, it can be transmitted around the world in seconds, it is easily divisible, it is created on a set schedule (which diminishes over time towards scarcity), and it exists outside any centralized organization. It's valuable for the same reasons that gold is valuable. It's a "backup" international value system. Sure, they are not identical, (gold is sometimes used in jewelry and has a longer history, Bitcoin is volatile in the current market), but gold is not easily divisible or instantly transmittable, and its possible that a couple decades from now bitcoin's price would be as boring as gold's is today. As for paying rent or buying groceries etc, you can't do those things in gold either, but it has value. To be clear, I am not a bitcoin nut or anything, I am of the opinion that most crypto is dumb/useless, just trying to provide a balanced perspective if you are actually wondering what actual value people see.
app_priori OP t1_iwcxyzc wrote
Using certain cryptocurrencies can help you protect your privacy.
Depending on who your landlord is, they might take cryptocurrency as payment.
celj1234 t1_iwdd2ah wrote
If your landlord is accepting rent in crypto you should move asap
Macrophage87 t1_iwd0n9v wrote
But so can cash. And that's accepted in way more places
MagPye2929 t1_iwd4gxj wrote
Be careful anytime someone says "do your own research". Chances are the last "research" they did was for a grade school paper.
meh_the_man t1_iwdk0t8 wrote
Some people use cryptos because their local currency is shit
bageloclock t1_iwdhnrh wrote
okay I did my own research and found it's all just a glorified ponzi scheme and all these recent crypto exchange implosions should be a ginormous red flag to you. now what?
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