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submitted 1 year ago* (last edited 1 year ago) by noctisatrae@beehaw.org to c/chat@beehaw.org

… the founding ideas are promising, and something I dream of.

Before I start, just a little bit of background on me so you can understand how biased I am (😅): I’m a 16 years old programmer and I won a few crypto hackathon/funding rounds and I made a lot of friends in the field. It allowed me to get quite a bit of ETH/XMR along the way!

I see cryptocurrencies getting a lot of hate, rightly so for the number of scams, shitcoins, NFTs bullshit, “governance”, DAOs and all those often useless & snob terms.

However the founding ideas of decentralisation and freedom with your money are very appealing to me. Smart contracts are really interesting for creating your own banking operation and tokens can represent anything! It’s a world of possibilities to play with, and you get to build something useful for people!

I’d just like to add a bit of nuance tho: I see a lot of apps being built and what’s really making me laugh is the lack of open-source, decentralisation and auditing on privacy. Granted, there is a lot of fake promises, but it’s like everything, you have to find the talented people to follow.

I find it fascinating to build unstoppable, decentralised, user-first apps. I just hope that web3 stays true to its founding principles.

Hope it was interesting, tell me what you think!

EDIT: title+typos+the game is not comfortably played in Act 2

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[-] shortwavesurfer@monero.town 8 points 1 year ago* (last edited 1 year ago)

I am a user of Monero. I purchase it with dollars and pay most of my bills with it. I hold some matic in aave to allow me to take out loans when i need them so i dont have a credit card. I saw a 9% interest rate to borrow recently and thought "damn that is expensive" and then i remembered most credit cards are 20%+ and realized my frame of reference had shifted without me even realizing it. I am about to borrow $500 usd to buy some insulation in a few months and it annoys me because that is 40% of my total credit limit when i would like it to be 30% or less. Nevermind that since its a crypto loan i dont have to apply for it, have a bank account to get it, worship at the alter of king FICO, etc.

this post was submitted on 24 Aug 2023
38 points (93.2% liked)

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