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8 points

Are we so hive-minded here on Lemmy that we have been brainwashed into hating crypto so much that we, a DECENTRALIZED community, have decided to start a centralized service to pay posters rather than use the trustless, decentralized systems literally DESIGNED for that purpose that already exist?

All crypto isn’t a scam, people. Stop scoring own-goals against the big banksters and do your part against crypto scams by thoroughly vetting crypto projects before you put your trust in them rather than blindly believing that they’re ALL out to scam you.

This idea should obviously be implemented with cryptocurrency but of course it isn’t because of our unfounded vilification of an entire industry that is clearly more philosophically aligned with the principles of the fediverse than centralized, legacy systems that we’ve been duped into continuing to support.

🤦

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5 points

I’m not complaining about it being crypto - I prefer crypto over credit card payments for online stuff. On the other hand, any monetisation of online communities leaves a bad taste in my mouth. I came to Lemmy years ago to get a step further away from for-profit internet treating me like a customer. Root of all evil, and all that.

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6 points
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I couldn’t agree more. When I was proposing crypto tie-in for votes, someone mentioned the Cobra Effect and I honestly had no answer to prevent it. I think it is wise to proceed under the assumption that it is somewhat inevitable that we see some sort of monetization as the user base grows and it becomes prohibitively expensive to run an instance. Personally, I think it is important that we really get deep into these discussion now so we can find a good consensus (with the least tradeoffs) before it’s too late and people just start forcfeeding users the classic “enshittification” modus operandi. I think the method detailed in this article is straight up enshitification incarnate; Patreon with more steps.

https://www.psychologytoday.com/us/blog/mind-brain-and-value/202402/what-the-cobra-effect-teaches-us-about-reward-psychology?amp

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5 points

I disagree. The fediverse just proves you can have successful decentralisation without any whiff of blockchain. You call them legacy systems, but they are in fact still current systems aren’t they… we’re still using them.

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6 points

You don’t want decentralization? Your argument against crypto is that we still use centralized systems? We will do that until we don’t. That’s like way back before cars were ubiquitous, seeing a car and saying, “we use the horse and buggy.” Yes we do. The car replaces the horse and buggy in many important ways. It takes a while to catch on, though. In the same way, IMO technology should always be guided toward further decentralization unless we WANT the powers that be to be the gatekeepers of information.

Honestly, even without crypto attached to it, I’d say the next version of the internet WILL be more servers running by independent operators and less centralization in data centers. It is inevitable regardless of anything I wrote here. Centralization is bad for so many reasons…the most damning of which is censorship.

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1 point

There are lots of arguments against crypto, but the main one is that it is inferior to the current system in every conceivable way.

-It’s slower -It’s harder to use -It’s full of scams -It’s backed by nothing -There is no consumer protection -It amplifies the existing problems of the financial system instead of solving them (money laundering/scams/financial inequality) -It’s dominated by the same rich cunts you’re trying to escape, but they’re even worse in crypto -All networks generally need L2s because they’re so shit and slow

Those are just some off the top of my head.

Additionally, it’s been around for a long time now. Everyone in crypto is so involved in solving the problems that are unique to crypto and Blockchain that they’ve missed the fact that no one gives a shit because it literally offers nothing we don’t already have that works better.

The only reason anyone has ever cared about crypto is because it potentially offered a way to get rich quickly and ‘easily’ and get out of the grind.

It’s a casino. That’s fine, you might make money. But that’s all it is.

I’m not saying the current system is ideal, or even good, but crypto is nothing like a viable alternative.

I’m all for decentralisation, but you do realise that all systems end up centralising to some extent over time because it’s just more efficient, right? Maybe we can find a good balance and make sure accountability actually means something in our systems, whatever industry they’re in, but the answer isn’t crypto from what I’ve seen.

Interesting you talk about gatekeeping information when you’re literally parroting crypto echo chamber rhetoric because if you dare suggest anything other than crypto is the future you will instantly get shut down. It’s a cult, basically.

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1 point

All (capitalistic) money is a scam.

We’re just forced to use a currency because governments say so.

So yes, your crypto is still a scam. Because money still vanishes into thin air when line goes down.

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7 points
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Let me ask you this then: How do you think servers will continue to run? Do they run for free on fairy magic?

I don’t live in a communist country. So, I fail to see your point about money being a scam. Yes. Of course. But I can’t tell my landlord that money is a scam. He will want money for me to continue not being homeless.

3rd generation cryptocurrencies are an attempt to decentralize and democratize computation. If you have a better way to pay people for use of their servers, I’d be happy to hear it but right now you are literally using a server that runs because someone decided to do so for free. It won’t always be that way when this technology scales beyond one server operator’s practical limit. We will need ways to pay people for the use of their electricity and hardware. If you can think of a better way that ISN’T fraught with corruption, centralization, and loss of anonymity, I’d love to read it.

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2 points

Im not entirely sure i understood everything but is donation the solution you’re looking for?

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1 point
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Can you see how “there’s not a better solution” isn’t addressing the problem that crypto is fundamentally a scam?

Also, you can’t pay your rent with crypto either….

EDIT: if you want crypto to pass my sniff test, you have to explain where value comes from.

Fiat currency is valuable because I can pay my taxes with it. (This is really the only reason it has value).

So what underpins crypto value beyond “it’s the future”

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