Ancestors

Written by ComradeMiao@lemmy.world on 2024-12-03 at 05:48

What do you host for your finances and why!

https://lemmy.world/post/22708704

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Written by humble peat digger on 2024-12-03 at 10:51

I don’t understand why isn’t crypto banned yet.

Its a dumb drain on world resources and only facilitates of untraceable payments for drug sales and tax avoidance.

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Written by ililiililiililiilili@lemm.ee on 2024-12-03 at 13:42

Crypto cannot be banned. It can only be made illegal, if countries want to remove themselves from the digital currency revolution. The derivatives market is $730T. Stocks are about $110T. Real estate is around $380T. If you’re concerned about the minuscule amount of illegal activities that occur within the 3.5T crypto market, your fears are misguided. Crypto is mostly traceable. Fiat currencies are highly preferred for drug sales and tax avoidance.

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Written by humble peat digger on 2024-12-03 at 16:41

Make it illegal, drive it underground where it belongs

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Toot

Written by ililiililiililiilili@lemm.ee on 2024-12-08 at 00:52

Are you just as concerned that cash is not traceable and that some is exchanged tax free? I don’t see how any GPU miners are profitable at this point. Outside of gaming: AI must have a larger GPU demand? Most miners are using ASICs. You’re absolutely right that mining energy should come from plants that have underutilized capacity and (obviously) renewable sources. The cat’s out of the bag on cryptocurrency and unjust laws don’t deserve to be followed. All government printed currencies eventually become worthless.

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Descendants