Is anyone interested in a cryptocurrency meetup?

Submitted by app_priori t3_yv7l2l in washingtondc

Back when I lived in Boston, there were numerous cryptocurrency meetups, mostly hosted by MIT's Bitcoin Club. I haven't been able to find anything similar around here lately. I know there used to be meetup groups for cryptocurrency in DC but they all appear to be inactive at the moment.

Let me know if you are interested in a meetup where we can talk about new exciting projects and other developments in cryptocurrency.

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celj1234 t1_iwcstz3 wrote

Y’all should meet at the dollar store

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CriticalStrawberry t1_iwcx0tk wrote

Like emotional support groups for when all your holdings inevitably go to zero?

Blockchain as a tech is super cool and useful, crypto as a currency or even worse, an investment, is nothing but a scam. I suggest giving any of Coffeezilla's videos a watch.

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[deleted] t1_iwd0ud5 wrote

That's what I'm thinking. A group hug to cry out their collective losses.

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new_account_5009 t1_iwcstsc wrote

Have you tried the local jails? Before too long, most of the people organizing crypto schemes will be there, so you can talk about all sorts of exciting projects.

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app_priori OP t1_iwct8lg wrote

Not all crypto is used in the conduct of crime. There are many bad actors, but I always encourage self-custody and people to do their own research.

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Macrophage87 t1_iwcvojl wrote

What do people use crypto for besides buying drugs, paying ransoms, or just converting it to normal currency? Can you name a single normal use of money that crypto would give me? Can I buy a movie ticket with it? Groceries? Pay rent? Electric bills?

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sprint113 t1_iwfnhax wrote

Newegg accepts cryptocurrencies, and when crypto was hot, a few local restaurants accepted it, but I wouldn't be surprised if most of them just took USD payments from the crypto payment processor.

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4vrf t1_ixpqwmm wrote

Bitcoin's value comes from its properties. It is scarce, it can be transmitted around the world in seconds, it is easily divisible, it is created on a set schedule (which diminishes over time towards scarcity), and it exists outside any centralized organization. It's valuable for the same reasons that gold is valuable. It's a "backup" international value system. Sure, they are not identical, (gold is sometimes used in jewelry and has a longer history, Bitcoin is volatile in the current market), but gold is not easily divisible or instantly transmittable, and its possible that a couple decades from now bitcoin's price would be as boring as gold's is today. As for paying rent or buying groceries etc, you can't do those things in gold either, but it has value. To be clear, I am not a bitcoin nut or anything, I am of the opinion that most crypto is dumb/useless, just trying to provide a balanced perspective if you are actually wondering what actual value people see.

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app_priori OP t1_iwcxyzc wrote

Using certain cryptocurrencies can help you protect your privacy.

Depending on who your landlord is, they might take cryptocurrency as payment.

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celj1234 t1_iwdd2ah wrote

If your landlord is accepting rent in crypto you should move asap

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Macrophage87 t1_iwd0n9v wrote

But so can cash. And that's accepted in way more places

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MagPye2929 t1_iwd4gxj wrote

Be careful anytime someone says "do your own research". Chances are the last "research" they did was for a grade school paper.

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meh_the_man t1_iwdk0t8 wrote

Some people use cryptos because their local currency is shit

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bageloclock t1_iwdhnrh wrote

okay I did my own research and found it's all just a glorified ponzi scheme and all these recent crypto exchange implosions should be a ginormous red flag to you. now what?

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IcyWillow1193 t1_iwdo9wa wrote

I can smell the Axe from here. I cannot imagine a worse confluence of libertarian, nerd and finance bro culture.

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