Oh Boy, it's Great Depression 2: Electric Boogaloo!
this post was submitted on 31 Jul 2025
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Whoohoo Viva Ponzi baby!
Edit: But also very little is being said here.
I see we're putting the crypto in cryptofascist.
Or maybe it's the other way around.
Something something Venn diagram is a circle something.
Those greedfuck assholes. Never fucking learning anything.
speedrunning the destruction of the us economy and the fall of the us. you love to see it.
Unregulated capitalism is tool of fascists
Ready for another crash.
Sounds like another pump and dump scheme to inflate prices of popular crypto, which trump and his buddies already bought cheap, sell high, and then reverse the process after profits have been made. All this guy knows is money. It's not even the value, just getting a payday is his high.
So to match the fraudulent government, the USA is going to have an entirely fraudulent market and soon after an entirely fraudulent currency.
soon? it always has been. Does no one remember the whole CDO shit? buying insurance on bullshit loans or packaged loans/debts of quite literally shit? no one knew what the fuck was in those things, literally no one. The rating agencies would rate these things and have no fucking clue what the hell they were. They handed loans out like halloween candy to Americans just to get more shit into these things.
the US Market has been fraudulent for decades.
I would argue that the market has been fraudulent for some time now, but otherwise yes
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Sure, because of all the things that we could loosen regulations on, CRYPTO should be at the top of the list. After all, we have only people with the most unquestionable integrity involved. /S
RIP climate targets
Well the head of the EPA called climate change “a religion” so that ship has sailed for the US.
Wouldn’t it be funny if it got special protections because it was declared a religion?
Wouldn't it be funny if conservatives actually gave a shit about being blatant hypocrites?
Certainly less depressing at least.
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Genuine question, is crypto good for anything other than gambling at the moment? I don't ever hear of anyone buying anything with crypto, only exchanging it out for USD. NFTs are basically a punchline now... what is it actually good for?
It's easy to transfer to other countries. Ever tried to send $20 to another country like Kazakhstan? It's a nightmare
easy to transfer to other countries
Also easy to transfer with IBAN and relatively cheap ... so I guess other countries that do not rely on IBAN?
It's a good way to launder money. They used to sell coke to fund off-the-books CIA operations, now they can just give them shitcoins.
I used to buy a lot of pizza and burgers with bitcoin when I did night shifts. Still use it to buy electronics at least once a month.
It's also the best way to donate to nonprofit projects. I can just send ~ $10 of value, one time. No need to risk accidentally signing up for a monthly subscription or being bombarded by spam.
If you don't keep 100% of your monthly budget in BTC, you don't really care about the volatility either, because long term it always goes up.
None of your examples are examples of what it is good for, since they can all be done by other means.
It was great to trade and move value around. You could send to other countries, or do work for it. But Bitcoin fucked it all by basically being a ponzi scheme. People below will talk about it and how it holds or increases in value. Thats because most people are still buying in and hording it. Making it terrible as a currency.
I never bought crypto, I only traded, bartered, worked for it. I never put it on an exchange or used another company. Another sink of value and a stupid place to keep it. But that is the vast majority of people now.
So it is not good for anything anymore. Except speculation and hoping your are not the last holding the bag.
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It's a really good way to bribe politicians and public figures.
Crypto (ETH and the like) is useful for it's protocol, you can build projects on it.
Bitcoin is a good store of value, and with lightning payments starting to be accepted it could be a good way to pay for goods and services. The third world is currently using lightning to circumvent inflationary currency swings.
Yes. Can you imagine my surprise when my drug money suddenly became mainstream? You could also buy weapons and order an assasin online.
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