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Should Lemmy stop accepting crypto"currencies" as donations? (beehaw.org)

submitted 2 weeks ago by arsCynic@beehaw.org to c/asklemmy@lemmy.ml

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Pump-and-dump schemes, fraud, ransomware, multi-level marketing, spam, incentivizing selfishness, greed, and general unethical behaviour, buying elections, quasi Nazis creating their own coins, et cetera. In my opinion, over the years the evidence has piled up tall enough to show that crypto"currencies" are an overal detriment to society.

It therefore surprised me to discover that behind the ♡ donation button on top of most Lemmy instances except for Beehaw, there is an option to donate "crypto". This sets a bad example. Thoughts?

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[–] silentjohn@lemmy.ml 12 points 2 weeks ago* (last edited 2 weeks ago) (7 children)

Wait until you learn about tradfi

https://www.theguardian.com/news/2022/feb/20/credit-suisse-secrets-leak-unmasks-criminals-fraudsters-corrupt-politicians

EDIT: to answer slightly more seriously, crypto is just a tool. The great thing about crypto is that anybody can use it. The bad thing about crypto is that anybody can use it. Yes, there's lots of dogshit out there (by lots I mean like 95% or more). But the big projects, BTC, ETH, defi stuff like AAVE, Compound, etc are very useful tools. I don't think people realize how exploitative the banking and finance industry really are, and crypto bypasses most of that.

[–] arsCynic@beehaw.org -4 points 2 weeks ago (6 children)

This whataboutism is probably the most used fallacy within the crypto"currency" sphere. If A and B cause cancer, and A was first, it doesn't follow that B is less malignant.

Quoted from my Crypto Cult Science essay linked in the original post:

“Strong currencies are not the solution to poor governance. Good governance and democracy makes a country and its currency strong. Not vice versa.” —halukakin, HackerNews, 2021

[–] JackGreenEarth@lemm.ee 11 points 2 weeks ago

You're free to not use them, if you want. But me and many others are going to appreciate that these alternatives that don't rely on centralised cervices exist, that won't track credit scores, personal information, or use tech companies with privacy and freedom concerns.

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