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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 ):
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