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Paul Krugman. He is the author of 27 books. He has a PhD from the Massachusetts Institute of Technology (qu.ax)
submitted 11 months ago by to c/videos@lemmy.world
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[–] 4 points 11 months ago (1 child)

Agreed.

Here's a way to use crypto to buy from pretty much any major online merchant anonymously without them tracking your user data:

https://paywithmoon.com/merchants

Its a card that acts as an intermediary for crypto.

It let's you buy from these merchants without giving away your private data or buying habits.

This is a valuable use for crypto for many people. This is a site that let's them use their crypto basically anywhere without getting spied on.

This fundamentally disproves his first core statments about crypto not having a use case and not being usable at most merchants.

Basically, he immediately reveals he doesn't know what he's talking about.

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  • [–] 7 points 11 months ago

    I mean... I doubt the veracity of these claims.

    Like, you could pay with cash and get the same level of benefit. While the serial numbers are tracked, movement of money is pretty random once it hits a customer's hands, and that level of randomness might as well make anonymous.

    Additionally, good luck getting crypto through anything that isn't centralized, which removes the supposed benefit of the technology. If you want to get crypto anonymously, you'll have to buy it from people instead of exchanges.

    Plus, crypto comes with the inherent downside of premiums to exchange currency. You might as well just tax yourself 5% extra, but that's probably generous considering how awfully volatile crypto can be.

    And the fact that this uses fucking VISA should be a huge red flag for privacy, lmao. Congrats on not amalgamating your customer profile by purchasing our VISA^TM^ brand prepaid credit cards. They still made money off you.

    Overall, you'd be better off asking someone a city over to buy what you want off the internet and paying them cash.

    Crypto is, at best, a stupid hobby that got out of control, and, at worst, a huge scam people are desperate to find a legitimate use for and still can't.

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