I trust the provider, and it’s a small amount I’m willing to risk. Just don’t want to throw it away, be frustrated, or get involved with shady people.

Android/Windows user, btw.

For those people who are wondering why I would ask Lemmy strangers about my money decisions, let me tell you my thinking.

I am in the decision making process. One of the things I do when making decisions is gather information from a variety of sources. I then weigh that information as to how useful I find it, research any possible leads, and use it as a launching point for my own investigation. I find that beats the hell out of googling whatever I can think up on my own in a field where I have no experience whatsoever.

For clarification, I’m not telling anyone else how to do anything. You humans live your life however you want, and I respect you as individuals with opinions of your own. Live how you want to live, choose how you want to choose, be how you want to be.

Much peace to all ✌️

  • doppelgangmember@lemmy.world
    0·
    10 months ago

    I get it philosophically, but…

    crypto = no underlying value (unless it was a 1:1 ratio with some measurement of electricity like a bond almost, ideally being a unit of energy we exchange unto itself)

    so for now…

    money = government

    Plus, we’d need someway to independently run, manage, and maintain an autonomous system outside of the government controlled infrastructure. Which, unless we make serious energy/education/resource breakthroughs is not going to happen anytime soon sadly.

    • centof@lemm.eeEnglish
      0·
      10 months ago

      Some good points there. I would say money is value backed by (state sanctioned) violence while crypto is money backed by a proof of electronic work.

      Ultimately humans create value. Simply using crypto gives it value. Government money(fiat) only has value because people and and organizations agree it has value.

      Monero is a crypto that tries to be like cash in its anonymity and commitment to nontracking. It has legimate and ‘illegimate’ uses just like cash. You can buy VPNs privately with monero or you can buy dark market goods.

      Monero is to cash as lemmy is reddit. Similar to how social media platforms like facebook and reddit are prone to the network effect so is money.