General Discussion

fujiyamasan

(548 posts)

11. I think the volatility and still limited use cases scares many older folks away

Tue Jul 22, 2025, 01:18 AM

Jul 22

And Trump’s embrace automatically sours it for many others on the left. Not to mention, his coin is pretty much a meme (aka shit) coin, which is basically used as a pump and dump.

The biggest hurdle for most progressives in embracing crypto is likely the energy usage for mining btc. You can’t get around it.

I own an ETF with some Eth and btc exposure as a very limited part of my portfolio. I’m open to more volatility than most here. I really doubt those two are going away anytime soon. There are some other interesting projects going on, such as XRP and a few others. But it’s a minefield and a playground for kooky libertarians for the most part.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

15 replies

= new reply since forum marked as read

Highlight:

Progressives are losing the crypto future [View all] RoseTrellis Jul 21 OP

Nope, I give my 21 and 22 year old gsons cash for presents with the only caveat on the money is that they not do crypto. efhmc Jul 21 #1

The article lost me at tech-savvy conservatives... Hugin Jul 21 #2

Oh no! should we "ACT NOW!" or risk losing out on this once in a lifetime DEAL!? Think. Again. Jul 21 #3

the latest snakeoil, mostly used for nefarious means, and brutal on our environment NewHendoLib Jul 21 #4

A financial problem such as a depression or recession will kill cyrpto. Jacson6 Jul 21 #5

I havne't had the need to do any money laundering lately. BannonsLiver Jul 21 #6

Why is crypto a political issue or led by one party? Melon Jul 21 #7

I don't want to live in a nation that takes crypto seriously. hunter Jul 21 #8

Crypto KentuckyWoman Jul 22 #9

The so-called GENIUS Act has some good parts (requiring liquid reserve for all stablecoins issued), but... LudwigPastorius Jul 22 #10

I think the volatility and still limited use cases scares many older folks away fujiyamasan Jul 22 #11

Klepto, gypto, crypto. oasis Jul 22 #12

When my landlord accepts Whatevercoins for the rent, the grocery store accepts Buns_of_Fire Jul 22 #13

Happen 15 years ago. RoseTrellis Jul 23 #14

Whole Foods takes Cripto in a sort of way womanofthehills Jul 23 #15