• doleo
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    3 hours ago

    fake money for criminals

    I presume you must mean USD?

  • qevlarr@lemmy.world
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    5 hours ago
    • Doorbell surveillance network
    • Self-service identity theft
    • State secrets betting house
    • Billionaire fan club fund
  • rizzothesmall@sh.itjust.works
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    4 hours ago

    The very fact that it’s “fake money for criminals” is exactly why I didn’t pick up any BitCoin when it was 12p per coin… I could have been rich af off of £10

  • Chloé 🥕@lemmy.blahaj.zone
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    11 hours ago

    i’m going with the fake money for criminals, cuz sometimes the criminal in question is a trans person trying to get their medicine

    to my great annoyance, almost all diy hrt online can only be bought using crypto. and wow does it make you hate cryptobros to have to navigate an ecosystem clearly designed for speculation to get your life-saving medicine 🫠

  • NigelFrobisher@aussie.zone
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    8 hours ago

    I miss when the tech business model was to find where buyers and sellers were interacting, insert an app in the middle and then add fees.

    • FireRetardant@lemmy.world
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      13 hours ago

      If people value it I guess it isn’t so fake. Most “legit” currencies are just the goverment promising you its worth something anyway.

        • Redkey@programming.dev
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          10 hours ago

          In both cases the trading value of the currency has almost nothing to do with who originated it, and almost everything to do with how the general public feels about it.

          Just like crypto, most “government” currencies are worth what they’re worth only because everyone agrees that they are. That’s called “fiat” currency. And that’s why fiat currency exchange markets exist. The US Dollar hasn’t been “convertible” (redeemable for a fixed amount of precious metal) since 1971, and many other world currencies were already backed in some way by the US Dollar at that time.

          The real difference is in the supply.

          Government fiat currency is difficult to counterfeit, although the government (or reserve bank) can always make more whenever they want. We trust them not to print more money, increasing the money supply and devaluing the currency. However, this is exactly what has happened sometimes in the past, and no doubt will happen again in the future.

          Crypto currency is virtually impossible to counterfeit, and IIRC there’s a finite (but not precisely known) amount of it that can be made, no matter who you are.

          Personally, I still use physical fiat currency and no crypto. I’d like to use crypto, but regulation in my country makes it very difficult to use without registering your details with a central authority. And although everyone’s pushing e-money options which are similarly tracked, thankfully I still have the option of using anonymous cash.

          I don’t do anything bad or illegal. I just believe that government and big business don’t deserve to know everything I do in my life simply because they want to.

          • bountygiver [any]@lemmy.ml
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            3 hours ago

            You can use crypto without those registration if you know where to find locals who are willing to trade it for cash. It’ll be just like finding a local dealer.

    • cobalt32@lemmy.blahaj.zone
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      11 hours ago

      Monero my beloved…

      I believe in a future where we won’t need money anymore, but in the meantime, Monero is a pretty solid choice.

    • TheparishofChigwell@sh.itjust.works
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      12 hours ago

      I tried looking at dreadforum to see how markets work nowadays and found out in a minute I was viewing a mirror that was injecting links

      I think I’ll just ask a dude on the street at this point

      But then again I am in a country where that would work with 0 negative consequences for me as the user

      • hirihit640@sh.itjust.works
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        10 hours ago

        Doesn’t dread’s captcha force you to check the url? Afaik it makes you fill in specific parts of the url, so that you check that the url you are using is the same one they are using. Curious how the mirror was able to bypass that.

        Regardless I just spent some initial investment saving the pgp public keys and making sure they are legit, so that I can use them to verify dread’s mirrors.txt whenever needed. Faster than walking out to the street imo

  • Phoenixz@lemmy.ca
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    10 hours ago

    I know this is programmer humor but as a tech guy who actually likes tech that isn’t destructive, this just makes me sad

  • hirihit640@sh.itjust.works
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    10 hours ago

    Well the innovations clearly must be good because people use them so much. Frankly the term “illegal” doesn’t carry much weight for me. Piracy is illegal, but I think copyright is far worse.

  • Melvin_Ferd@lemmy.world
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    7 hours ago

    I mean if we’re opposed to every new technology than obviously we’re all going to call it illegal. Doesn’t matter what it is. Maybe the pattern is saying something about us and not the tech

    • mabeledo@lemmy.world
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      2 hours ago

      The fact that big money keeps creeping in and forcing harmful stuff down everyone’s throats does tell us something about ourselves as a society, yes.

    • Aneorthisio@lemmy.ml
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      11 hours ago

      The unconstrained expansion of credit following the end of Bretton Woods system could only lead to the long term devaluation of the currency, something that’s theorically infinite is also inherently entropic.