I think I saw this meme for the first time in 2017
this post was submitted on 11 Mar 2025
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What's funny is that, in 2017, the ETH high was something like $12. (It got up to $1300 in 2018)
Now, it's sitting at $2000 and it's a "crash".
The lesson here is to buy the dip and then check back in 5-10 years.
that is the rule with all crypto. just pick one of the 40 thousand made, but it, wait a decade then sell it.
gotta hodl your memes
This is what happens when you don't use crypto as god intended: purchasing medication from India and subscriptions to indexers.
Purchase Bitcoin right before purchase. Watch the spare change left over go up and down and imagine all the millions you could be winning or losing.
This is what happens when you don't use crypto as god intended: purchasing medication from India and subscriptions to indexers.
I'm not saying this is what I bought Monero for.
But this is what I bought Monero for.
A thousand upvotes? Is this reddit?
I didn't even know the counter could go to 4 digits.
It doesn't happen often, but when it does it's the equivalent of going viral around here lol
How does it feel, going viral?!
What's the exchange rate of Reddit karma to Lemmy nothings?
Well, at least you won't find bots farming karma
yet
1,763.64:1
From 97 million active users from reddit vs 55k users from Lemmy.
stonks
1k upvotes here is like the equivalent of 50k on Reddit (probably I'm operating on dated info, who knows how much they screwed with the upvoting system by now lmao)
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I think crypto is good for transactions, not storing money.
Like, crypto in general sucks, but digital anonymous money transfer is almost impossible without it.
The underlying tech is actually very cool and neat, unfortunately it got co-opted by cryptobros and bastardized :(
You took the words right out of my mouth! I think the blockchain is a very neat technology, but cryptobros completely ruined that.
So energy intensive though. There has to be a less wasteful way to do proof of work
*checks ETH price*
Am I missing something? I've been staking since the switch. I'm doing just fine.
You just doing fine so far!
Na in all seriousness what orange Muppet does to the world markets atm is horrible while I wish it to crash on his head I wish everyone of normal people they get rich with whatever.
What is an "Ethereum"? Some sort of subscription?
A cryptocurrency that recently lost a lot of its value
I can't wait for people to realize they're all in a pyramid scheme together. I'm sick of hearing bros saying crypto should be part of my portfolio.
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It never had any value, like all other crypto currencies. But it was used to fake value and dupe people out of their money.
Value isn't necessarily something tangible. It's what other people think it's worth. The USD doesn't have any more value than the belief people put in it. Do you also think it has no value?
I'm not defending crypto speculation, but it's ignorant to say it doesn't have value if you can buy things with it. Basically all modern money is based on faith, including crypto. Even when it's based on gold or silver, that's aren't actually useful for most people so it's still made up value worth however much people value that.
Basically all modern money is based on faith, including crypto.
Ok, sure, however, fiat currencies are based on the faith that there's at least one entire nation that you can use your currency in, and is motivated to ensure their currency is worth something, and has some semblance of stability. Crypto is based on the faith that there's other dumbasses out there that will agree with you that these particular bits hold value for some reason.
Crypto is based on the faith that there's other dumbasses out there that will agree with you
And that's the most beautiful thing about crypto that got lost in all the speculation, shitcoin, scams, and nft bullshit. A currency of the people for the people, but of course, when the pigs came into power they were the same as the old farmers.
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Yo, don't be bad-mouthing our soon-to-be currency. Scams and money laundering were never this easy.
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It's a pretty old cryptocoin: initally released back in 2015, and a significant change deployed in 2022. It was then when they changed from proof-of-work to proof-of-stake, which basically means that they don't use mining anymore to keep the network running. They use like 1% of energy compared to PoW coins.
Also they have some smart contract capabilities which I suppose Ethereum people think are important. But I've never seen any practical use for that stuff.
Still, I think Eth is one of the cryptos that actually tries to be useful and efficient in some way and not just a stupid pump and dump scheme. Turns out, nobody gives a fuck about that, perhaps?
Also they have some smart contract capabilities which I suppose Ethereum people think are important. But I’ve never seen any practical use for that stuff.
Anything you need complicated multi-party interactions for that you want guarantees on. Real estate escrow comes to mind first. Depository accounts with yield. An immutable archive of records. Multi-signature corporate treasuries. Whatever. It's programmable money. It's not even necessarily monetary, because smart contracts can just deal with arbitrary data.
Never impressive to see a technical audience shit all over Ethereum for internet points. By far the least scammy crypto people have actually dedicated years into building something real on.
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Ethereum is a petroleum based lube used in gay porn. When multiple dudes double dock during an orgy, that's called a block chain. The ethereum on their foreskins creates an immutable ledger.
It's a decentralized network running a virtual machine with its own token to pay for usage.
Omfg lol too good
That is perfect!
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