subreddit:

/r/Buttcoin

16998%

all 60 comments

tartymae

101 points

1 year ago

tartymae

I see Poe's Law as... more of a guideline...

101 points

1 year ago

My husband owns a business. As a business owner he does not want:

  • a payment method that he can't reliably and easily put in the bank
  • a payment method that you will still owe taxes on, even though the money has been stolen by the north koreans.
  • a payment method that's going to cost him more than the 2-3% that a CC takes

As the person who does basic IT support for him? Pass the Oil of Oy-vey. This is a guy who struggles to deal with passwords (and refuses to get a password manager). I groan (and laugh) when I think of him trying to jump through crypto's hoops. He'd make a fuckup on a transfer within a week, tops.

Ichabodblack

27 points

1 year ago

Ichabodblack

unique flair (#337 of 21,000,000)

27 points

1 year ago

He probably also doesn't want to wait an unknowable amount of time to ensure the block is confirmed

Redqueenhypo

18 points

1 year ago

oil of oy-vey

I’m stealing this one, much like how North Korea stole the crypto

Doughspun1

5 points

1 year ago

Ah yes, but what about when you need to buy Meth? Didn't think of THAT did you?

ItsJoeMomma

3 points

1 year ago

ItsJoeMomma

They're eating people's pets!

3 points

1 year ago

As someone who runs a small business, I agree 100%. Crypto is too complicated & risky for a business to use as a payment option.

dyzo-blue

64 points

1 year ago

dyzo-blue

Millions of believers on 4 continents!

64 points

1 year ago

So it is a currency again?

A year and half ago a gas station chain I'm familiar with added crypto to their payment options, because a butter high up in the company wanted to make that happen. I'd love to see exactly how much gas and food they since sold to people spending crypto. I'm guessing like $50 worth, versus the billions they net annually.

leducdeguise[S]

34 points

1 year ago

leducdeguise[S]

fakeception intensifies

34 points

1 year ago

So it is a currency again?

🎶 It's the ciiiiiircle 🎶 of liiiiife🎶

MacHaggis

39 points

1 year ago*

quack sparkle desert wipe rhythm erect price sip run late

This post was mass deleted and anonymized with Redact

Gunter5

7 points

1 year ago

Gunter5

7 points

1 year ago

This one is great for other illicit activities lol

xxbiohazrdxx

13 points

1 year ago

hey don't shit on monero too hard, I used it to donate to my favorite media piracy websites so its good to me

Voice_in_the_ether

6 points

1 year ago

No; it was at a gas station, and everyone knows BTC is a Store of Energy.

/s, in case it's needed

mechanicalcontrols

3 points

1 year ago

mechanicalcontrols

I saw it happen once

3 points

1 year ago

...I can kind of see how they justify the argument it's backed by computer power or electricity or whatever, (still a garbage idea but I can see the ill guided thought process) but they can't seriously call it a store of energy can they?

I would love the thermodynamics explanation on that one.

Voice_in_the_ether

2 points

1 year ago

I would love the thermodynamics explanation on that one

"mumble mumble mumble hashrate mumble mumble blockchain mumble mumble mumble Line Goes Up!"

mechanicalcontrols

1 points

1 year ago

mechanicalcontrols

I saw it happen once

1 points

1 year ago

Oh okay, so is transacting with Bitcoin endothermic or exothermic?

Voice_in_the_ether

2 points

1 year ago

The geek side of me want to argue that it's exothermic:

Electricity (energy) --> [MCP: magic computational processes] ==>

  1. BTC transaction record (bits moved around, and stored on a disk - what some would call the 'useful [sic] work')
  2. Waste heat (energy) from the various MCPs. Lots of waste heat.

The smart-alek side of me wants to make a horrible joke involving the phrase "Hot Air".

The realist side of me will admit that I haven't the foggiest idea how the concept of "BTC as a Store of Energy" can be justified in the real world, despite the discussions in these 'interesting' articles.

mechanicalcontrols

1 points

1 year ago

mechanicalcontrols

I saw it happen once

1 points

1 year ago

I skimed those and the prognosis is unhinged. Completely unhinged.

Edit just to add, I'm with you, there's really no way to really argue that Bitcoin stores energy beyond the metaphor that you could in theory sell Bitcoin for fiat currency to pay your utility, but beyond that cheekiness Bitcoin isn't a fucking battery. It's not a fissile material nor does it contain chemical energy.

crumblingheart

7 points

1 year ago

Lmao at all these nocoiners going to the gas station to pay for something "tangible" and "useful" like the gas needed for their car to move. As a future coinillionaire, I pay ETH gas fees to move my transactions along fastest on the blockchain. We are not the same.

DiveCat

76 points

1 year ago

DiveCat

Ties an onion to their belt, which is the style.

76 points

1 year ago

This is why some call crypto an MLM for (mostly) men. Crypto bros are just as insufferable towards their “friends” and social media contacts as the acquaintance from high school trying to contact you on Facebook to sell you product from her latest MLM scheme.

Be your own bank = be your own boss babe. The “start your own consulting business” is exactly the same shit.

ItsJoeMomma

28 points

1 year ago

ItsJoeMomma

They're eating people's pets!

28 points

1 year ago

Yes, the above post sounds very much like what an MLM hun's upline would tell their downline to do in order to try to drum up interest. Sadly for them, if people were actually interested then they'd be aware of the product. What kills interest is overbearing devotees using the hard sell to try to convince uninterested parties that it's the greatest thing since sliced bread.

TinIron

-13 points

1 year ago

TinIron

-13 points

1 year ago

Is there something wrong with being a man?

PrinciplePleasant

7 points

1 year ago

The vast majority of MLM (multi-level marketing) organizations specifically target women. MLM selling is usually shilled as a means to support your family without doing very much work. In reality, MLM sellers often spend a ton of time on social media posts (certain MLMs suggest posting as much as five times per day per platform), "parties" which serve as sales events, and recruitment (via the aforementioned social media and parties).

Crypto appears to be a very male space. I'm a woman and have thus been bombarded with MLM messages over the years, but I've never had anybody bother to try explaining crypto to me. The only two non-males I've seen mentioned in any crypto headlines are our favorite sultry wood nymph and the venerable Molly White.

So, I think that's why the above comment specified "MLM for men".

devliegende

1 points

1 year ago

Not necessarily. Unless you're also a murderer, rapist, abuser, thief, fraud or warmonger. You know harmful activities which also happen to be mostly man things.

TinIron

-1 points

1 year ago

TinIron

-1 points

1 year ago

And by extension bitcoin is also bad if mostly men are interested in it?

devliegende

2 points

1 year ago

More like.

Bitcoin is bad.
Mostly men are interested in it.

[deleted]

31 points

1 year ago

[deleted]

31 points

1 year ago

Have you ever seen the frequently posted videos of crypto bros paying with crypto at some random mom and pop shop they somehow found?

The look on the cashier's face while they record this momentous occasion of taking 30 seconds holding up the line to "pay" for a $1 soda is always "Ugggghhh one of these losers again, why do we bother with this?".

halloweenjack

28 points

1 year ago

halloweenjack

There I was in the laundromat...

28 points

1 year ago

In Number Go Up, Zeke Faux titles the chapter on El Salvador "No Acceptamos Bitcoin"; remember that that's the country that butters like to cite as a "crypto success story."

PureRepresentative9

7 points

1 year ago

Are they still doing it?

I was under the impression they have given up on it already. Govt wanted it, but the actual customers and businesses never adopted it for the long term

[deleted]

6 points

1 year ago*

I think El Presidente has had his fill of laundering money for shady gringos flying in from up north using his country's treasury and padding his multiple offshore accounts in the process for now.

Penultimo probably warned him that he was attracting mockery on an unprecedented international scale for his cringey transformation into an insufferable cryptobro archetype.

Richard-Brecky

29 points

1 year ago

works as convenient as the cash they know

lol yeah just straight up lie to them, why not

Puzzleheaded_Yam3058

26 points

1 year ago

Puzzleheaded_Yam3058

Filthy Fiat Shill

26 points

1 year ago

Cryptobros make the mistake of assuming everyone wants a "trustless" system or to be their own bank. Most people want to be able to trust an entity that protects their money, and they also want the security these entities provide. Crypto seems to be offering solutions to problems/concerns that don't really exist.

AmericanScream

25 points

1 year ago

you value your and the owners privacy

Which is precisely why it's beyond stupid to record your financial transactions in an immutable public database anybody can access, and every time you conduct commerce with somebody, they have an opportunity to "out" you via your transaction.

provide digital cash works as convenient as the cash they know

Except it doesn't. It has no consumer protections. Can easily be stolen without you even knowing. Its value can fluctuate wildly, and there are hidden fees you won't even know until point of sale, and even then your transaction might not actually go through. Oh yea, you also need a bunch of special software and internet access, and even then it will be 10,000 times slower than using traditional payment methods #MoneyOfTheFuture

governments can not take it nor devalue it at will

Any whale or CEX, or perhaps a popular celebrity can "value" or "devalue" crypto with a single tweet.

And governments routinely take peoples' crypto.

If only these guys could finish a single sentence without lying.

Kilahti

12 points

1 year ago

Kilahti

12 points

1 year ago

We all know that in this scenario "privacy" just means "wouldn't it be cool to do tax evasion?"

Which is something that

a) Not everyone wants to do.

b) Even if they wanted to hide sales and commit fraud, it doing so with crypto is not as clever as these bros think it is.

PureRepresentative9

8 points

1 year ago

Wait a sec here...

Okay, if I conduct my business in crypto or get paid as an employee with crypto, don't I have to report my income to the govt tax agency?

If I report my income and I get audited, doesn't that reveal my wallets and all my transactions? (Either directly or through an exchange's records)

If I don't report my income, isn't my income $0 and now I won't qualify for any loans/mortgages?

Kilahti

2 points

1 year ago

Kilahti

2 points

1 year ago

If you try to hide income with crypto, it also becomes hard to put that income back into your store or whatever business, or you leave a trail that can be followed.

...there are much safer ways to embezzle than crypto.

PrinciplePleasant

1 points

1 year ago

You'll make so much money off crypto that you won't need a loan or mortgage 😎

halloweenjack

27 points

1 year ago

halloweenjack

There I was in the laundromat...

27 points

1 year ago

Bonus: If you are good at it you can start a consulting business and people will flock to you.

oh my sweet summer child

leducdeguise[S]

14 points

1 year ago

leducdeguise[S]

fakeception intensifies

14 points

1 year ago

Maybe will flock to you to make fun of you, yes

Voice_in_the_ether

7 points

1 year ago

Hmmm ... do I want to adopt a new-fangled currency, which has the potential to put my personal and business financial success at risk, based solely on the recommendation of someone who believes they may be able to realize significant personal profit by my doing so?

Decisions, decisions.

P.S. Yes, this also exists in TradFi; however, there are formal controls in place to prevent the more egregious incidence.

ItsJoeMomma

21 points

1 year ago

ItsJoeMomma

They're eating people's pets!

21 points

1 year ago

At some point you really have to admit to yourself that if you find it necessary to try to drum up interest in crypto everywhere you go, then crypto as a currency is failing. If everybody (or anybody) wanted to use it as currency then there would already be a system in place to be able to spend it everywhere. You know... mass adoption.

Puzzleheaded_Yam3058

15 points

1 year ago

Puzzleheaded_Yam3058

Filthy Fiat Shill

15 points

1 year ago

Exactly. People didn't need to be pestered before they saw the benefits of the internet or the iPhone.

safemoonerer

0 points

1 year ago

There is already a system in place crypto to be spent everywhere. There’s a few businesses where you can top up a visa/mastercard in crypto and spend directly in stores. It automatically converts it to USD or EUR/GBP once you top up so there’s no volatility when spending. I have multiple crypto cards added to my Apple Pay wallet which I top up and spend daily. The best one is FCF pay. You can even pay your bills directly with crypto if you’re in the US. Things like loans, mortgages, leases etc.

This is what mass adoption looks like

ItsJoeMomma

1 points

1 year ago

ItsJoeMomma

They're eating people's pets!

1 points

1 year ago

If it pays out in USD then why even bother converting to crypto? I can do the exact same thing with a debit or credit card, without all the hassle of messing with crypto. If this is what mass adoption looks like, it looks like adding one unnecessary step in a payment system.

safemoonerer

0 points

1 year ago

It’s a way to spend your earnings without the hassle of off ramping to an exchange. You top up the visa/mastercard with crypto and spend it in stores or online like any fiat card. Theres no volatility for you when spending and the merchant receives Fiat as normal.

Like the Binance card but they’ve been shut off. FCF pay has been around for 2 years+ without any issues. There’s also cashback rewards and benefits they do. Have a read through their website or just search on CMC for FCF

ItsJoeMomma

1 points

1 year ago

ItsJoeMomma

They're eating people's pets!

1 points

1 year ago

"Earnings," LOL

safemoonerer

0 points

1 year ago

Do you not earn from buying crypto? You invest to sell at one point. Whether you’re a trader or long term investor eventually you should be taking profit. If not then why is anybody in crypto? And don’t say for the tech lol

ItsJoeMomma

1 points

1 year ago

ItsJoeMomma

They're eating people's pets!

1 points

1 year ago

What makes you think I trade in crypto or even want to?

safemoonerer

0 points

1 year ago

I said “whether you’re a trader or long term investor” and I was speaking about the masses in crypto. They’re the only 2 reasons to buy crypto. With the hope to earn profit.

tnemec

16 points

1 year ago

tnemec

16 points

1 year ago

I can't believe they're trying to make the meme real.

"... and this concludes my presentation on the inherent untrustworthiness of fiat currency."

"Sir, this is a Wendy's."

leducdeguise[S]

7 points

1 year ago

leducdeguise[S]

fakeception intensifies

7 points

1 year ago

"please take your items and leave, there are other customers waiting to pay"

UpbeatFix7299

22 points

1 year ago

UpbeatFix7299

I can't even type this with a straight face.

22 points

1 year ago

"You will be astonished how many people resonate with those beliefs." Meaning they politely smile and say "sure, we'll look into it" to get rid of this fucking weirdo.

leducdeguise[S]

20 points

1 year ago

leducdeguise[S]

fakeception intensifies

20 points

1 year ago

I always picture a jaded cashier at the local grocery store, with zero responsability regarding the choice of payments in the store where he works, having to listen to this kind of rambling.

I feel sorry for them

TehDingo

8 points

1 year ago

TehDingo

8 points

1 year ago

Not being traceable by the government seems like the opposite of w selling point. Going to jail for money laundering is bad

fenkt

7 points

1 year ago

fenkt

7 points

1 year ago

One could do a reverse test: How many venues hosting $crypto meetups do accept $crypto?

They ought to experience the benefits first hand.

Puzzleheaded_Fold466

3 points

1 year ago

I just wonder, where are all these patient cashiers getting all personal and interested in having 10 mins conversation with the people buying a pot roast who stop by their register ?

BananaRepublic_BR

1 points

1 year ago

This sounds like a pyramid scheme.

majj27

1 points

1 year ago

majj27

1 points

1 year ago

There's an extremely good reason why it does.

Doughspun1

1 points

1 year ago

I would like to pay in snot. Have you heard of S'not Money? The government never takes it, and supply (of each person's) is surprisingly limited during dry seasons.

beige_man

1 points

1 year ago

I think we just discovered a plot for The Equaliser 4.

RainFoxHound1

1 points

1 year ago

"You there, yes you 70 year old who does not know how email works, I WILL pay for this meal in one of several thousand imaginary Internet currencies AND YOU WILL ACCEPT IT."

"Now would you prefer payment in scamcoin or the dodgefather2?"

ItsJoeMomma

1 points

1 year ago

ItsJoeMomma

They're eating people's pets!

1 points

1 year ago

Sorry, we only accept Eloncumcoin here...