Cryptocurrencies rallied on Sunday after President Donald Trump announced the creation of a U.S. strategic crypto reserve.

What, no TRUMP or MELANIA coins?

The national scam is well under way. I can see how stockpiling crypto is going to be a major asset in the war on high grocery prices…

  • technocrit@lemmy.dbzer0.com
    13·
    6 hours ago

    I always figured crypto would outlast imperial petrol-dollars. But I never imagined a president helping it along.

      • scottrepreneur@lemmy.world
        21·
        4 hours ago

        Crypto is your only option to opt-out of the current financial system. There is very real innovation to be had between the pump and dumps and scams. No one is telling you to buy memecoins or any coins really – definitely don’t buy anything promoted by 45.

        Digital dollars will enable seamless international commerce. Cut out the middlemen in your life.

        • ExtremeDullard@lemmy.sdf.orgOP
          21·
          4 hours ago

          Tell me anything of value that crypto has brought about…

          Crypto has been around for 17 years and all I see is:

          • Senseless energy expenditure and damage to the environment mining proof of work coins
          • Electricity prices going up for ordinary folks trying to use it to do something useful with it in areas where mining operations use it all
          • GPU shortages and price hikes
          • People who don’t understand crypto losing their shirt on it
          • People who do understand crypto sitting on it and waiting for the value to go up thanks to the suckers above, contributing nothing of value to the economy
          • People who understand crypto and actively use to scam the suckers above.

          I have NEVER heard anything good come out of crypto for the economy as a whole.

          Does it have the potential to be a game changer and a force for good? Yeah.
          Has it been used as a force of good? No.

          • scottrepreneur@lemmy.world
            11·
            2 hours ago

            Digital dollars are saving millions of people from inflation in local currencies.

            This is effectively the only option these folks have to navigate around capital controls of local fiat currency. From Argentina to Turkey many folks are seeing advantages.

            Might not be flashy and catch headlines but it works.