this post was submitted on 14 May 2026
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[โ€“] belated_frog_pants@beehaw.org 15 points 3 days ago* (last edited 3 days ago) (1 children)

Crypto isnt a payment processor, and it has no backing as a currency except current social agreement (yes thats most money but issued currencies are backed by central authorities) and it basically exists for ponzi schemes. Its so insanely volatile that its not for every day people.

That's not even mentioning that its sole value is to convert back into regular backed currency.

[โ€“] Auli@lemmy.ca 2 points 3 days ago* (last edited 3 days ago)

That is the funny thing use crypto but its only value is to convert to real currency if you couldn't do that no one would use it.