this post was submitted on 02 Feb 2024
1891 points (96.5% liked)

Memes

45737 readers
542 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] LesserAbe@lemmy.world 8 points 9 months ago (1 children)

Mailing someone cash means you need to know their address, you have to wait however long for the mail to arrive, you can't prove they received the cash, it's possible the cash was stolen en route and anyone who might wish you harm like an adversary government can observe the transaction.

[–] nom345@sopuli.xyz 3 points 9 months ago (1 children)

With crypto you face similar problems. You need an address, waiting is shortr, rugpulls and other scams are one of the biggest use cases so getting crypto stolen seems common. You might be able to verify that crypto was revceved but as with any trustless paymet solutions the issue is that getting the item you ordered is the part where trust is needed the most. Good luck asking back money when you get an empty box.

[–] LesserAbe@lemmy.world 1 points 9 months ago

You're right about ordering goods and not having a recourse if they're not delivered. Of course in the case of supporting an organization that will be less of a consideration.

In the case of needing to know an address it's much different to give out an arbitrary string of numbers as an address than information which represents your physical location.

No disagreement that there are myriad examples of problematic uses for crypto. My first comment was in response to the question about what are valid use cases. It seems clear there are some, even if it's not as universal as some true believers claim.