this post was submitted on 20 May 2024
1598 points (97.2% liked)
Technology
59605 readers
3345 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Crypto means cryptography, stop using it to talk about cryptocurrency.
Yeah, that headline is very misleading. Crypto(graphy) is essential for the digital world to exist whereas the other stuff is a pyramid & money laundering scheme.
It's not "misleading," because the vast majority of people understand what the current colloquial use of crypto is.
Not the nerds on Lemmy.
A certain irony in a synonym for "secret" being a term everyone's implicitly familiar with.
It’s useful for buying drugs online on the dark web so I for one like it
my man
All the fentanyl you can snort.
Which market are people using nowadays? I haven't kept up to speed over the last few years.
"Have you invested in crypto?"
Do you think anyone anywhere will misunderstand this as investing in cryptographic research/development?
The mainstream usage of the word isn't always aligned with what is good for society or even the original usage of the word.
I guess I'm getting old then 😜
So the equivalent of the population of the United States plus 40% are money-londerers. Because somewhere between five and seven percent of the world's population uses cryptocurrency and that's 400 million to 550 million people.
I doubt it
That's functionally the nut of it. People in countries that lack a traditional western banking sector but enjoy internet access can piggyback on the network of banks with crypto-interfaces. This is more a consequence of the unregulated wing of the financial sector than an raw utility of cryptocurrency itself.
If WellsFargo won't ratify me as a client, but Coinbase will, I'm stuck dealing in bitcoin simply because I can't get a credit card denominated in USD.
https://www.statista.com/statistics/1202503/global-cryptocurrency-user-base/
This is more Australia-focused, but https://www.forbes.com/advisor/au/investing/cryptocurrency/cryptocurrency-statistics/
https://www.bankrate.com/investing/cryptocurrency-statistics/
No some of them are the marks.
But if we want to play bad faith statistics games then 5% is roughly the percent of Americans who have gone to prison.