this post was submitted on 24 Jul 2025
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i wonder if this is the shitgibbons in charge trying to drive up bitcoin prices seeing as how they just publicly bought a bunch of bitcoin.
i know the payment processors have always been prudes but they are really doubling down and its only going to drive folks to crypto.
edit: I don't think it's a good idea either but talk to anyone outside lemmy and ask if they understand the environmental impact of crypto and AI and they have no clue.
Bitcoin is really bad for using as currency, due to the fact that there is a permanent, public ledger of all transactions. Why would you want anyone you pay to be able to see and trace every transaction you've ever made? Pay rent in bitcoin, now your landlord can calculate your spending and who you do transactions with. And yes, there are services that aggregate and obfuscate transactions in order to make them less traceable, but now you've just reinvented the same centralized payment processor system that the whole thing is supposed to be replacing... so... what's the point?
Cash is good for using as currency.
So monero?
The point isn't anonymity, but independence and autonomy. It's hard to shut down and hard to tax. The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
You're just listing reasons why bitcoin sucks lol. Oh no!!! Flight risk criminals and terrorists had their accounts frozen!!! Oh no, ReGuLaTiOn BaD!!! Grow up.
Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy. That's why we don't use gold anymore.
"Flight risk criminals and terrorists had their accounts frozen!!!"
Yes, those criminals, for example, LGBT people who conservatives believe are pornographic simply for existing. God forbid LGBT artists want to have a way of earning a living. Crypto is relied on by a lot of marginalized groups. It's used by artists who make perfectly legal art, but whose content conservatives object to. Crypto is used by many queer content creators as they face being cut off from payment processing systems, as again, conservatives consider queer people pornographic simply for existing. Crypto is used by sex workers, often people with few other employment options. Oh, and crypto is used by trans people to get access to healthcare that is quickly being criminalized.
How insane do you have to be, in 2025 Trump's America, to fall back on the idea that anything criminal is bad. Republicans are trying to criminalize the existence of entire swathes of the population. And those people face being cut off from the banking system entirely, if folks like you, who blindly consider legality=morality, have their way.
Ah yes, that's why the Trump administration is one of the biggest proponents of crypto, right?? 🙄 did you even try?
How are those related? It is possible for some conservatives to want to purge LGBT voices from the internet at the same time other conservatives want to advance crypto. These are not mutually exclusive goals.
It does however look really bad that such a massive criminal organization (trump and co) are pushing for it so hard.
All of this before getting into just how insanely wasteful and terrible for the world that crypto is.
Sorry that it helps a few artists, but the cost for everyone else is significantly higher to embrace what crypto is.
It wasn't my intention to come off as supporting it. I was simply giving the objective reasons for its creation. I see it as a tool that can be useful in some situations, but can be problematic in others.
Just ban it worldwide and have the police arrest anyone running a node
oh wow, it's that easy? we should do it with other things like piracy, human trafficking, tax evasion, insider trading, bribery, cyberattacks and environmental violations as well. oh wait, we did? it didn't stop it? i'm shocked. /s
Tax evasion is legal several places.
You can use a p2p service, like Lightning with onion routing.
If this really does drive people to crypto then I hope it goes to monero or a fork of it. Try blocking or tracking transactions then.
I'm cool with not trying the money that isn't money but instead is an environmental disaster wrapped in explosive deflation.
I’ll pass on the tree burning coins
VISA and MasterCard get to build the digital dollar so they don't care how any of it is manipulated so long as their position as middlemen is secure.