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authornathan <nathansmith@disroot.org>2025-08-10 15:02:05 -0600
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-### Why crypto sucks
-
-There are two types of crypto users: the peep who wants more privacy and the
-libertarian. The libertarian makes life harder and worse for the peep who
-wants more privacy. Libertarians are the ones who over all control the status
-quo of crypto. Now you have a very good understanding of the issues with
-crypto the blog post can just end here. You want more details dont you? Ok you
-greedy bastard who cant use a search engine...
-
-### Mining
-
-I dont think anyone ever have or ever will create a more fancy way to waste
-computing power. These mother fuckers buy a bunch of gpus just to overclock
-them and leave them running at full power until they melt. I once heard a
-story about the gold miners in old times along the lines of everyone wanted to
-make money mining gold so they bought all the gear and started looking for
-gold. Most never found much but reguardless people kept buying gear to go gold
-mining and because of this the people selling the gear were getting rich while
-all the miners were just getting poorer. The same happened with crypto mining.
-Nvidia made a hell ton off selling hardware to mine coins barely anyone uses
-for anything practical. Sure there are people who do make money mining but
-those are people who have the money to spend an insane amount on a mining rig
-in some datacenter in a third world country while they sip their wine in a
-first world country. It isnt like nvidia is trying to hide it either. Just
-read [ this article
-](https://www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add-
-nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining) and get a
-good laugh in.
-
-### Trading and investing
-
-This is the main thing most people seem to think crypto is for: trading it
-without ever using it to buy and sell anything besides other cryptocurrencies.
-It only manages to make crypto more unstable and less usable as a currency.
-For years it was the libertarian dream to completely cut out real resources
-and real production of goods and services. A simulated economy that somehow
-manages to bring real money into their fat wallets is what they wanted, one
-that just like capitalism outside cyberspace starts out in a state where even
-your average joes are making money but as shittification takes hold all the
-money only makes it into wallets that are already fat. To most this seems like
-a mistake but the libertarians designed it that way and wouldnt want it any
-other way.
-
-### Crytpo brokers
-
-This is what made me to decide to write this blog in the first place. I was
-using coinbase to get some bitcoin so I can hop on p2p networks to get some
-monero. Normally this works fine but coinbase randomly went "fuck you!" and
-started throwing error messages at me when sending bitcoin. Tried to withdraw
-same deal. Used their resources to find out why this was happening but their
-piece of shit chatbot wouldnt do much. When I asked for a real person it
-"upgraded" me to a slightly better chatbot. Decided to look into it and found
-out most of the big _"trustworthy"_ brokers will lock up during times trades
-will not be in their favor. They often do this simply by bricking their site
-when a trade they dont like happens. These types of brokers often use KYC to
-decrease privacy. p2p networks can solve this though you often have to already
-have some crypto to use them.
-
-### Monero, the only decent crypto
-
-Unlike all other cryptos monero is kind of usable for actually buying and
-selling things. Its a bit more stable and faster. Its designed to fuck over
-gpu mining and force people to mine on cpu instead to prevent the mining
-madness of most crypto. If you want a private currency monero is the only half
-decent option. Its still not perfect but in a world where FUCKING TERRIBLE is
-the norm half decent is a blessing.
-
-### To sum things up
-
-Like most things in this world crypto was fucked by libertarians. Though if
-they werent fucked crypto as we know it is still just a reaction to the
-nightmare we call national currencies and banking. This is why we cant have
-nice things ):
-