Pump-and-dump schemes, fraud, ransomware, multi-level marketing, spam, incentivizing selfishness, greed, and general unethical behaviour, buying elections, quasi Nazis creating their own coins, et cetera. In my opinion, over the years the evidence has piled up tall enough to show that crypto"currencies" are an overal detriment to society.
It therefore surprised me to discover that behind the ♡ donation button on top of most Lemmy instances except for Beehaw, there is an option to donate “crypto”. This sets a bad example. Thoughts?
Can’t speak for other cryptos (generally stay away), but Monero at least has a track record of being actually private/anonymous (unlike btc) and generally doesn’t fluctuate in price nearly as much as others (something the devs try to design into it). Several trusted privacy-focused services (VPNs, VoIP, etc.) accept it as a payment method. If I want to donate to Lemmy, I’d rather do so in a way that keeps my bank from knowing the details and keeping a record of that for who knows how long.