Post AHC7nJrt4Robv9ShhQ by gikari@fosstodon.org
 (DIR) More posts by gikari@fosstodon.org
 (DIR) Post #AHBfudULivhA5C9WyW by gikari@fosstodon.org
       2022-03-08T00:37:19Z
       
       0 likes, 0 repeats
       
       Since MasterCards and Visas are blocked in Russia, I had to burn a tree to pay for a VPN.Actually, no. I still have a subscription active, but just in case, I'm exploring the BTC and other means of payment for the important service, that allows me to at least read free press. Sorry, little tree. And yeah, seeing all these strange speculative apps and sites is scary. It seems people don't understand what they are doing.
       
 (DIR) Post #AHBfue1fj2LlkXk8um by gikari@fosstodon.org
       2022-03-08T00:46:29Z
       
       0 likes, 0 repeats
       
       There is also an option to get a UnionPay (Chinese payment system) card for VPN payment. It's not yet widespread within the Russian banks, but should be in the near future.Seems like it's easier, less costly and more ethical to the environment. Should probably stick to that option in the future, but given the situation, things could change unpredictably. So, I think learning how to deal with Crypto is ok.
       
 (DIR) Post #AHBfueRu9VKl3u15ns by werwolf@fosstodon.org
       2022-03-08T01:19:54Z
       
       0 likes, 0 repeats
       
       @gikari I understand that you, russian people are suffering an unjust international ban, but I wouldn't recommend cryptocurrencies, they seem to be a Ponzi scheme.I wrote about it here, if you want to inform yourself.https://blackgnu.net/on-blockchain.html#web3%20revolution
       
 (DIR) Post #AHC7nJrt4Robv9ShhQ by gikari@fosstodon.org
       2022-03-08T06:32:21Z
       
       0 likes, 0 repeats
       
       @werwolf @HattieJosh  BTC as as an long term investment is a bad idea, since it's volatile and it's price on exchange is based solely on demand (i.e. trust, hype, etc. Just like any other speculative asset). However, I don't understand why it's a Ponzi scheme, because I don't see a malicious actor, that will scram with money. Could you please elaborate on that? May be I am sincerely missing something.
       
 (DIR) Post #AHC7rfSij6763HlPxQ by gikari@fosstodon.org
       2022-03-08T06:33:08Z
       
       0 likes, 0 repeats
       
       @werwolf @HattieJosh  BTC as a long term investment is a bad idea, since it's volatile and it's price on exchanges is based solely on demand (i.e. trust, hype, etc. Just like any other speculative asset). However, I don't understand why it's a Ponzi scheme, because I don't see a malicious actor, that will scram with money. Could you please elaborate on that? May be I am sincerely missing something.