zlacker

>>nemoni+(OP)
It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so many people just blindly buying into it, including the damn BBC!

>>WilTim+o2
Every person I've spoken to who's told me they're interested in crypto literally only care about it to make money, and have no interest in learning how it works. They all treat every last crypto-based use as investment like stocks, and not as a normal economic choice (e.g. "I want $3000 worth of bitcoin to buy a car" is not something people are doing, instead it's all "I want $3000 worth of bitcoin because the internet told me it'll be 3 million in a year").

NFTs also annoy me because it's literally the worst part of art industry - "buying" the "rights" to a piece of art so you can turn it for more cash later on, and not as an appreciation of the work. Bored Apes might be one of the few exceptions where people are doing it for "bragging rights", which is infinitely better because you're buying it to say you own it, much closer to normal art purchases.

>>luckya+Y4
This is largely because there is almost nothing you can do with crypto apart from speculate and gamble. The more I learn about stuff like defi the more I understand just how fractally useless crypto is.

>>cutebo+58
The idea is it's not beholden to a government (though still somewhat centralized somewhere). Crypto is helping people in Turkey store value. With current inflation and economic conditions in the US and Europe more may need it in the near future.

>>frocki+fd
How can crypto be a store of value when the market price fluctuates so wildly? Bitcoin, etc fell much more in one day recently than the Turkish lira fell over many months. And one is supposedly using Bitcoin to avoid inflation in the lira?

>>yostro+qf
You can save in USDT for what it's worth.

>>danlug+EE
s/USDT/DAI, please. Or sUSD from Synthetix, or EURS if you want to hold euros. Or GBPP if you want to hold GBP.

Anything but USDT. USDT is poison.

>>rglull+dJ
Yeah I was just using it as an example.

>>danlug+5g1
Ok, got it. It's not that I want to pick on you, just that we should use Tether and USDT as an example only when we are talking about scumbags who contribute to make the whole crypto community look like irresponsible frauds.