[1] https://damus.io
The UX for key management should be monstrously different between shitposting and the instantaneous loss of money, for starters.
All of this is optional and opt-in.
Its nice you live in a country with a stable currency that doesnt hyperinflate. Not everyone has this luxury. Zimbabwe and Venezuela come to mind.
Bitcoin started a literal tsunami of financial crimes, I feel bad for hyperinflated countries and if they find some use in bitcoin that's great for them, but I for one will stay the fuck away from anything blockchain related if I can help it.
ChatGPT says you used "hasty generalization" fallacy, but I'm not sure that is the correct fallacy. You have a fallacy here.
I think that’s the observation fallacy, where you look at what’s happening and then state it out loud.
The energy consumption of bitcoin does in fact make me very nervous.
It's just game currency essentially for the social app. When I think about it like that, it makes me less nervous.
[0] https://account.entropiauniverse.com/account/deposits/#:~:te....
The difference is that the Bitcoin transaction will cause millions of computers to waste a serious amount of electricity calculating hashes over and over.
The real transaction happens at the beginning, and another transaction happens at the end when the channel closes and we settle out who gets the remainder.
full disclosure: I’m a bitcoiner.
One pizza place here, and one bitcoin ATM there does not make a difference. As long as you can't trade real goods and services for crypto coins it is absolutely worthless. And that is why any association with crypto makes intelligent people scared. Because it's inflated by confidence, like a true scam.
The only real goods and services that have kept bitcoin going is a black market of illegal goods and services.
And just so that we're clear, said "illegal goods" include, for example, generic drugs from other countries.
I don't think it's recovered from the silk road and alphabay era?
As long as you can sell it for USD it's not worthless - you don't other goods/services - although that said the list of those is still growing.
The fact that I can send money (liquid fiat) to a friend without going through paypall/zello/etc. is valuable.
The only thing that could make it a "scam" is the promise of money, which I 100% agree that using crypto to "make money" is stupid and is a massive problem.
You can do that only because Bitcoin is currently underregulated. Governments will eventually regulate it to enforce money laundering laws and starve DPRK, and then Bitcoin will become even more expensive relative to other options.
Sure, and if that happens then it's value as a liquid fiat will decrease. The idea that "it only goes up and to the moon!" is what has made everyone declare it a scam.
If it currently has a use case then it has value. The currency is not a "scam" but this horrendous idea of treating it as an "investment" is delusional.
I think cryptocurrency has a few very valid use cases, but I think it's been shoved onto everything when it's not even needed (CSGO has been fine without NFTs).
The use case is not due to the technology having any benefit but due to current underregulation. The reason people declare it a scam is that the technology does not solve any practical problems better than centralized ledgers.
Then proceeds to handpick what the real world uses of btc should be excluded from the argument.
No coiners are a special bunch.
From my first look I had no idea whether this is an app to connect to Nostr or a completely separate and iOS only network.