this post was submitted on 24 Jul 2025
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[–] lurch@sh.itjust.works 11 points 3 days ago (2 children)

so... what's the point?

The point isn't anonymity, but independence and autonomy. It's hard to shut down and hard to tax. The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.

[–] theunknownmuncher@lemmy.world 5 points 3 days ago (44 children)

The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.

You're just listing reasons why bitcoin sucks lol. Oh no!!! Flight risk criminals and terrorists had their accounts frozen!!! Oh no, ReGuLaTiOn BaD!!! Grow up.

Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy. That's why we don't use gold anymore.

[–] WoodScientist@sh.itjust.works 7 points 3 days ago (1 children)

"Flight risk criminals and terrorists had their accounts frozen!!!"

Yes, those criminals, for example, LGBT people who conservatives believe are pornographic simply for existing. God forbid LGBT artists want to have a way of earning a living. Crypto is relied on by a lot of marginalized groups. It's used by artists who make perfectly legal art, but whose content conservatives object to. Crypto is used by many queer content creators as they face being cut off from payment processing systems, as again, conservatives consider queer people pornographic simply for existing. Crypto is used by sex workers, often people with few other employment options. Oh, and crypto is used by trans people to get access to healthcare that is quickly being criminalized.

How insane do you have to be, in 2025 Trump's America, to fall back on the idea that anything criminal is bad. Republicans are trying to criminalize the existence of entire swathes of the population. And those people face being cut off from the banking system entirely, if folks like you, who blindly consider legality=morality, have their way.

[–] theunknownmuncher@lemmy.world 3 points 3 days ago (1 children)

Ah yes, that's why the Trump administration is one of the biggest proponents of crypto, right?? 🙄 did you even try?

[–] WoodScientist@sh.itjust.works 7 points 3 days ago (1 children)

How are those related? It is possible for some conservatives to want to purge LGBT voices from the internet at the same time other conservatives want to advance crypto. These are not mutually exclusive goals.

[–] Zoot@reddthat.com 3 points 3 days ago

It does however look really bad that such a massive criminal organization (trump and co) are pushing for it so hard.

All of this before getting into just how insanely wasteful and terrible for the world that crypto is.

Sorry that it helps a few artists, but the cost for everyone else is significantly higher to embrace what crypto is.

[–] lurch@sh.itjust.works 3 points 3 days ago

It wasn't my intention to come off as supporting it. I was simply giving the objective reasons for its creation. I see it as a tool that can be useful in some situations, but can be problematic in others.

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[–] Kanda@reddthat.com 2 points 3 days ago (1 children)

Just ban it worldwide and have the police arrest anyone running a node

[–] lurch@sh.itjust.works 4 points 3 days ago (1 children)

oh wow, it's that easy? we should do it with other things like piracy, human trafficking, tax evasion, insider trading, bribery, cyberattacks and environmental violations as well. oh wait, we did? it didn't stop it? i'm shocked. /s

[–] Kanda@reddthat.com 1 points 3 days ago

Tax evasion is legal several places.