There is something really wrong about bitcoins. You can't buy anything with it. The only things I can think of are criminal activities, like drugs, human trafficking or worst.
Replies
Its because its a scam. The entire thing is a pyramid scheme thats been given faux legitimacy by tech bros just trying to pump their bags by telling you its the future. I worked in crypto quite deep until I finally saw how full of shit the entire concept was. Run away.
aug 4, 2025, 9:31 pm • 2 0 • view
What value did you provide when you worked in crypto?
aug 4, 2025, 10:52 pm • 0 0 • view
None, because crypto is a scam, and I quit the space as soon as I fully realized that. I didn't want to believe it, because I had a lot of faith in the technology at the time. Once you get behind the scenes enough, you realize all these "blockchain experts" and "CEOs" are fuckin con artists.
aug 4, 2025, 11:04 pm • 1 0 • view
Curious, what project did you work in / on? Which chain / token? “Crypto” is literally thousands of entities.
aug 4, 2025, 11:45 pm • 0 0 • view
Yes it is, Im not interested in discussing the specifics of what I was involved in. The entire situation ended up making me very uncomfortable. The laters of grift in every space I looked was appalling. I knew people from all over the space, from Osmosis to Hex, BTC to Tron and everything in between
aug 4, 2025, 11:48 pm • 1 0 • view
You learned the same way I did that the entire landscape aside from Bitcoin is scams all the way down. There’s the shitcoin casino and there’s Bitcoin, no in between.
aug 5, 2025, 12:53 pm • 1 0 • view
so you worked on ghost chains?
aug 5, 2025, 12:05 am • 0 0 • view
No, and yes, I was around and consulted for, many projects. Some of those are dead now. Some of them are not. The underlying reality though, is that 98% of the industry is a complete fraud. The tech has/had potential, but its being abused currently by con artists, and worse.
aug 5, 2025, 12:12 am • 0 0 • view
Yeah, it's not a bad tech, except for Bitcoin (it pollutes), in itself. It seems to be misused. Recently, MasterCard attacked adult content creators, it's one aspect where this tech could be useful, to avoid monopoly censorship.
aug 5, 2025, 12:56 am • 0 0 • view
I mean in theory it could in some situations, but so could just a functional law that prevents credit card companies from refusing service based on some individual morality.
aug 5, 2025, 1:07 am • 0 0 • view
Yeah but this rely too much on citizens being decent human beings. But yeah, I'm a big fan of the usual "in theory, it can, but in practice ...", that just stupidity for me. Reality is what it is, pretending that something could be different to defend something is kinda dumb.
aug 5, 2025, 1:32 am • 0 0 • view
but the whole point of crypto is that anyone can just open up some open source code and make an improved permissionless state machine without waiting for some great policy change to come along to make a private cos state machine better
aug 5, 2025, 1:31 am • 0 0 • view
So if I understand correctly, you were asked for consultation, and self-admittedly provided no value, sometimes for projects with effectively no users and sometimes with more. Based on your characterization of the BTC market, I believe you.
aug 5, 2025, 12:21 am • 0 0 • view
No, but thats a fun spin. I said I provided no value, because I dont believe that anything being done in crypto provides any real value. Its a hollow shell game that provides zero.
aug 5, 2025, 12:23 am • 0 0 • view
tbf I'd think the same thing if I worked on hex
aug 5, 2025, 12:44 am • 1 0 • view
What was your job on paper? What were you hired to do?
aug 4, 2025, 11:11 pm • 0 0 • view
Apps make it easy. Strike App, CashApp, Bitrefill. You can use btc/LN along side various nation Fiat. Your points are empty, sorry.
jul 27, 2025, 10:53 am • 1 0 • view
Anyway, the Itch.io situation reminded me that Visa and MasterCard are asshole and a monopoly. I guess cryptos, not bitcoins because it pollutes, do provide a solution to financial censorship.
jul 27, 2025, 2:25 pm • 0 0 • view
So you need to convert it to or from dollar ? These apps are also probably tracking everything you do btw
jul 27, 2025, 12:00 pm • 1 0 • view
The app I use spits out a tax form, tracking capital gain / loss as I “use” the asset. Keep in mind, the landscape today is very different that what’s coming. Lots of development in the works.
jul 27, 2025, 12:59 pm • 0 0 • view
Of course everything is tracked, Bitcoin is a public ledger. This is how they’re catching criminals 11 years later. Convert back to the dollar? Yes, unless you’re shopping in El Salvador, Bitcoin isn’t legal tender. :) Patience
jul 27, 2025, 12:31 pm • 0 0 • view
Ya so you create a permanent record of every single cent of crypto youve ever used that never goes away. That sounds far better for government oversight and control than any traditional value systems so far. It's the opposite of what btc people claim it is.
aug 4, 2025, 9:36 pm • 1 0 • view
L2 solitons where transactions for your coffee and the like will offer privacy.
aug 4, 2025, 11:46 pm • 1 1 • view
Its not the technology itself thats the con, its everyone around it.
aug 4, 2025, 11:49 pm • 0 0 • view
What's the % deducted for that?
jul 27, 2025, 1:43 pm • 0 0 • view
I guess it depends on the platform. They do have to make money, they are not providing the service for free (could be ads or something else too). But lots of these platforms are scam too.
jul 27, 2025, 2:26 pm • 0 0 • view
Unless you buy everything in cash, all spending is tracked. Do you use credit or debit cards?
jul 27, 2025, 2:55 pm • 3 0 • view
Ya the difference is that we dont all try to brag about how its anonymous, like btc people do. Unless you're quite clever, I can track every single cent that you spend of your crypto, with just one or two trxns and/or wallet addresses.
aug 4, 2025, 9:34 pm • 0 0 • view
If you read what Satoshi had said, conversion is how he envisioned it. Send Bitcoin anywhere, convert it to the local currency.
jul 27, 2025, 6:21 pm • 1 0 • view
It's best use is for hiding... Assets and activities
jul 27, 2025, 1:17 am • 0 0 • view
But it's also not a very good tool to hide things. Transactions are public. Once someone is identified, you can trace back what they have bought or sold. It's very strange. I understand the scammers though, it's a nice tool to scam people.
jul 27, 2025, 1:20 am • 1 0 • view
Someone once bought a pizza with their bitcoin. That bitcoin is worth $1,180,000,000 today. www.investopedia.com/news/bitcoin...
jul 27, 2025, 12:56 am • 0 0 • view
I wonder if you’d learn anything by, instead of just thinking, you actually took 30 seconds to ask an AI or searched for an answer yourself? Crazy idea, right?
jul 27, 2025, 1:18 am • 2 0 • view
Keep up your moronic insults... You lose audience that way
jul 27, 2025, 1:37 pm • 0 0 • view
I'm not sure of what you mean ? But I did: Yes, Bitcoin is used for various criminal activities, including money laundering, fraud, and cybercrime, due to its decentralized nature and the pseudonymity it offers users.
jul 27, 2025, 1:22 am • 1 0 • view
I’ll be blunt. If you can’t discover at least 20 legitimate ways that bitcoin is being used globally today, and if you can’t easily prove to yourself that the US dollar is by far the preferred currency of criminals, then you’re either a moron or you’re so ideologically captured that you can’t …
jul 27, 2025, 7:08 am • 1 0 • view
I still can't buy breakfast unless I commute 49 miles to the ONE place that accepts it It's generally a stupid trophy
jul 27, 2025, 1:30 pm • 0 0 • view
MasterCard and Visa are de-platforming LGBTQ content, I guess cryptos are providing an alternative to their monopoly. I would think that this was not the intended purpose though.
jul 27, 2025, 2:29 pm • 0 0 • view
People get hung up on bitcoin’s “intended purpose”. It’s an open source protocol intended for every human on the planet to interact with as they please, without needing anyone’s permission. That’s it. That’s the intention. It will be used how it is used, and it will evolve how it evolves. Your ….
jul 27, 2025, 4:37 pm • 0 0 • view
… example is a good example of how one man’s “crime” is another man’s “freedom of economic exchange in a mutually voluntary transaction”. Bitcoin is a tool that restores the natural right of free economic exchange to every human on the planet. Now go find 19 more valid uses. I’m making this easy.
jul 27, 2025, 4:40 pm • 0 0 • view
… see past your own political biases. Either way, I’m sorry to see it and I hope you figure it out one day.
jul 27, 2025, 7:12 am • 2 0 • view
Bitcoin is a scam, and also a pyramid scheme. The value increase because newcomers are fueling the price increase.
jul 27, 2025, 11:54 am • 1 0 • view
Stick to your guns, willful ignorance is great! bitcointreasuries.net
jul 27, 2025, 1:17 pm • 3 0 • view