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submitted 1 year ago by metaltoilet@beehaw.org to c/chat@beehaw.org

I'm going to keep this short but I just fell down the rabbithole of crypto again and maybe it isn't as bad as I thought. Many of their ideas are very similar to the fediverse's. The idea of decentralized finance using a stablecoin sounds awesome to me. (though i'd much prefer to live in a world where money isn't needed) Maybe the technology is actually good but the techbros and scammers ruin it with their false promises and complicated words. Hopefully, in a few years after the rest of those scammers have moved on to scamming with AI this tech could be truly used for meaningful purposes.

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[-] shortwavesurfer@monero.town 1 points 1 year ago

I think most stablecoins are a bad idea as they require a trusted third party such as paxos, circle, binance, etc that can be pressured to freeze your funds by governmyths. I personally use monero to make transactions

this post was submitted on 30 Jun 2023
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