this post was submitted on 15 Apr 2025
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The whole NFT/crypto currency thing is so incredibly frustrating. Like, being able to verify that a given file is unique could be very useful. Instead, we simply used the technology for scamming people.
It's crazy that people could see NFTs were a scam but can't see the same concept in virtual coins.
A large majority of "real" money is digital, like 80% non-m1 m2. The only real difference between crypto and USD is that the crypto is a public multiple ledger system that allows you to be your own bank.
I've heard the sales pitch, it's a ponzi scheme with receipts. An open pyramid, so to speak. At best a volatile store of wealth.
Potentially volatile right, since who knows if/when various stablecoins might depeg
You're not sold on the concept of money? I guess that fits right in on Lemmy.
So is fiat.