Ok I meant crypto when I said digital, sorry, my mistake.
How does crypto help the small guy?
How does they even get it?
It doesnât. âThe small guyâ is the person at the bottom of the chain. The one smart people feed off of. The one that jumps in too late and tries to buy high and sell higher.
Itâs a scam at this point.
Itâs like when gold was $35 an ounce only smart people were buying it. When it hit $800 the stupid people were all lining up to buy it. Buy high and sell higher. People are dumb.
Mr Epeen 
5 Likes
Simple. Instead of having to trust some elitist/snob bank that is stable, the little guy gets to trust some super-shady, unaccountable crypto exchange that gets hacked all the time.
Then when the little guy gets screwed over, all the insiders roll their eyes and tell the little guy that it was their fault for not keeping their $2 in assets on a dedicated crypto wallet in cold storage.
1 Like
âgrow as a key concept in the gaming industry,â PĂ©tursson comes just short of declaring that EVE will connect to a blockchain wholesale, noting that introducing a play-to-earn system would divide the playerbase between those who are trying to earn money and those who just want to play a freaking video game, therefore complicating the social dynamic. âWe have conducted research related to NFT and blockchain as they are based on a decentralized system. However, it is a little too early for us to entirely introduce NFTs or [play-to-earn],â he says.
Didnât I just answer that?
You mean how do you gey crypto? You can just buy it on an exchange like for example coinbase or from someone you know that sells it to you.
Maybe you should just try it and judge for yourself. Did you also ask 20 people how the internet helps the little guy before you tried it out? What do you have to lose?
All this means is that crypto is useful as an instant transaction vehicle, as in:
money in wallet â convert to crypto â send â receive â convert to cash â money in wallet
And the fees for doing that are not negligible, with most places taking a pretty hefty fee to cash out.
Any sort of holding pattern for crypto outside of instantaneous transactions is foolish, and leads to normal people getting burned.
Alluring to the false nature of you owning any bitcoin is laughable. Bitcoin costs $50,000 a coin. Iâm doubtful you would put $50,000 into Monoply money.
If you do that with a normal bank account and exchange, probably. Kinda depends on the amount.
But there are applications like Strike that do that automatically. And since it only uses Bitcoin as bearer asset and that has pairs in evey currency, the currency you send doesnât even have to be the same you receive.
Depends entierly on the time horizon. The dollar may better preserve value over short time frames, while Bitcoin (Iâm not talking about shitcoins) preserves value better over a long timeframe (inflating currency vs. fixed amount currency)
Classic Dryson post. Bitcoin is highly divisible. 1 Bitcoin is 100 mil Satoshies. Or you can just write it as a fraction, 0.01 Bitcoin = 1 mil Sats.
You donât have to own a whole Bitcoin.
Damn Iâm going to go boomer mode on this NFT thing and just shoo it off my lawn and forget about it.
Or read up on it perhaps. I have no idea what that is and how they would even work in Eve Online.
1 Like
Removed a post breaking the following rule:
7. Abuse of CCP employees and ISD volunteers is prohibited.
CCP operate a zero-tolerance policy on abuse of CCP employees and ISD volunteers. This includes but is not limited to personal attacks, trolling, âoutingâ of CCP employee or ISD volunteer player identities, and the use of any former player identities when referring to these parties.
Our forums are designed to be a place where players and developers can exchange ideas in a polite and friendly manner for the betterment of EVE Online. Players who attack or abuse employees of CCP, or ISD volunteers, will be permanently banned from the EVE Online forums across all their accounts with no recourse, and may also be subject to action against their game accounts.
4 Likes
The problem is that most people are at least vaguely familiar with how a dollar/pound/etc. comes into existence (printed by the government as a debt instrument backed by the underlying financial/social stability of the nation that prints it, and in some cases secured by tangible assets like gold/oil), but the grand majority of people have no earthly clue what a âcryptoâ is aside from knowing that if theyâll buy some with their real money it will go âto the moonâ and make them rich. Ask random people on the street if they can explain even the smallest and simplest bit of detail about how the blockchain works and youâll be met with blank stares, or worse yet eyed with the same amount of Luddite suspicion as Salem women in the late 1600s.
Yeah that is probably true. But I would argue it is a lot easier to understand how something like Bitcoin works, even down to details compared to the complexity of the dollar system. You can learn Bitcoin literally in an evening. Imagine money was so easy you could teach it the children in school and then they code their own wallet.
Many stores here are offering buy now pay later options. Is there a future plan for that model within Crypto?
No, you really canât. Not the average person, at least. The only thing you can learn in an evening is how to open an account with some exchange and buy some crypto. Teaching the average person any degree of technical stuff behind it will takes months, and for many will be entirely impossible. If youâre ever taken 3 hours of your life to try to explain to a 56-year-old how an Excel âifâ formula works, you understand exactly what Iâm talking about. You canât think about this from the perspective of your own/your friendsâ understanding, because youâre hobbyists and itâs easy for you. Remember that the average person doesnât even know what a computer driver is.
5 Likes
Someone tried to explain this to me and it took longer than that and I felt bad for not moving forward with that option.
The funny thing was that John Law started out with a really good idea, but then he convinced the masses to get onboard and they went insane with greed. It was the bubble that destroyed the plan.
I see something similar with cryptocurrencies. The get-rich-quick aspect is their biggest liability.
I know that one. It is where you can sleep through your commute while your musk-mobile does the driving.
2 Likes
/me opens Candy Crush on the iPad and hands it over along with two head-pats
1 Like
Or is that where you buy a printer and it works perfectly, until one day you need to update your operating system. Then you try to print and says âtoo bad, so sad - no driver available,â so you end up having to chuck the whole printer in the dumpster and buy a new one?
Thatâs what I do when I run out of ink. Itâs cheaper to buy a new printer than ink refills for the old one.
Mr Epeen
2 Likes