• pepe_silvia96 [he/him]
    ·
    edit-2
    3 years ago

    it kinda is an industry at this point. there's all sorts of shitty companies that compete with each other to get people to buy it through them. even bitcoin ATMs. it's pretty much a bubble that can keep going so long as enough people with more money than they know what to do with keep on investing.

    • Rem [she/her]
      ·
      3 years ago

      even bitcoin ATMs

      :stfu-terf: Explain this what the fuck

      • DefinitelyNotAPhone [he/him]
        ·
        3 years ago

        Machine that translates made up currencies into slightly less made up currencies like dollars. Why you'd bother with crypto only to take it out as cash later... who knows?

        • SacredExcrement [any, comrade/them]
          ·
          3 years ago

          I mean, Wall Street has definitely been investing heavily in it (or they were back when I still casually followed this trash in like 2018), so...it's a speculative investment, much like any other shitty stock lol

          Except unlike them (where a stock can be mostly untethered to anything tangible), Crypto is completely untethered to any sort of tangible assets

      • pepe_silvia96 [he/him]
        ·
        edit-2
        3 years ago

        i think they let you login to certain web services that sell bitcoin with an existing account. they let you convert bitcoin into cash for withdrawal, as well as buy bitcoin with cash. most of the places i've seen them are gas station convenience stores but I think walmart is starting to add them too.

        it's essentially a speculation machine. they might as well put slot machines in stores.