• Skullgrid@lemmy.world
        0·
        12 days ago

        2008 it’s only been -8 years plenty of time to understand

        watch out in about 4 years, stock up on masks and alcohol.

        Drinking or cleaning alcohol

        Yes.

  • sharkyfox@feddit.uk
    0·
    11 days ago

    Ah yes the people who ran their video games on DOS are being left behind.

    Help son, how do I open this app?!? With my finger???

  • Saltycracker@lemmy.world
    0·
    11 days ago

    I’m old enough to remember going to Hollywood video or blockbuster with my grandma on Fridays. Have a movie night. Those were some amazing memories.

    • Event_Horizon@lemmy.world
      0·
      11 days ago

      I remember going to friends places for sleepovers, we would all go down to the video rental and pick one movie each, then pick up takeaway on the way home. We’d stay up all night watching each video and pigging out on food

  • Sam_Bass@lemmy.world
    0·
    11 days ago

    Vhs? We used to be plopped into the local movie house to allow mom to go out on play. Videotape was something arcane used by the TV news crews

  • 74 183.84@lemm.eeEnglish
    0·
    11 days ago

    Im still not convinced that crypto is worth it. It seems like just about everyone either loses money in crypto or makes very little, chasing a dream laid out to them by some youtuber who is part of the very small group to make any nice amount from it. Just seems too volatile and sketchy

    • sugar_in_your_tea@sh.itjust.works
      0·
      10 days ago

      everyone either loses money in crypto or makes very little

      And this is why people misunderstand crypto. The point isn’t to make money, and it never was. Profiteers have twisted it into that to make a quick buck from pump and dump schemes, but it shouldn’t be considered “investing” in any sense of the word.

      Cryptocurrency should have two primary uses:

      1. Facilitate transactions - needs successo widescale adoption by merchants and fast, cheap transactions
      2. Store of value, like a bank account

      BTC transaction costs are way to high and slow for #1, so it’s unlikely to get enough volume of regular transactions to even out valuations. The lightning network helps, but I think it also has problems. And unfortunately, coins with lower transaction costs that should scale better either get banned (e.g. privacy coins in some areas) or don’t catch on.

      I’m still holding out hope that it’ll stabilize and become useful for transactions, but I’m not putting any significant money in until that happens because I don’t see it as an investment.

    • dick_fineman@discuss.onlineEnglish
      0·
      11 days ago

      Crypto is basically a ponzi-scheme. I made a little bit off of it, then sold too early. Then bought back in, and sold way too early. Then bought back in, then lost a lot. The only real benefit is anonymity, which I don’t really need and only really benefits criminals. I don’t see it taking over if someone like the EU introduces fee-free digital transactions.

      • Knock_Knock_Lemmy_In@lemmy.world
        0·
        11 days ago

        Most crypto is only pseudo-anonymous. One identified transaction and everything becomes public.

        In 2024 Illicit volume dropped to USD 45 billion, down 24% since 2023. This represents 0.4% of overall crypto transactions

    • Test_Tickles@lemmy.world
      0·
      11 days ago

      It’s a decentralized pyramid scheme. It’s a way for the rich to syphon money from the gullible and gambling addicts.
      That’s all there is to it, it’s not really hard to understand.

      • JazzlikeDiamond558@lemm.eeEnglish
        0·
        11 days ago

        THIS. This is not being communicated enough.

        The issue is the new(er) generations think they have discovered something never seen before, all the while truth being - the only new thing is the way people are being manipulated into investing in trickster scheme.

        Ladies and gentlemen, we have been there when internet was born. We have witnessed it and we have learned from our mistakes. It is not you who are smarter, it is us knowing not to buy tulips.

        • derfunkatron@lemmy.worldEnglish
          0·
          10 days ago

          May I interest you in renting this fine pineapple?

          Intellectually I know that all currency systems are constructs and are volatile. That said, what bothers me so much about crypto is how it’s either an obvious scam or it appears to behave like company scrip requiring various exchanges or participating vendors, etc. It’s annoying enough using credit cards or systems like PayPal cash app, and crypto reads like a more annoying PayPal with all of the instability of a stock.

          I rarely place much value on authority, but I trust a central bank or national treasury much more than three dudes at a startup promising to disrupt how we think of money.

    • yata@sh.itjust.works
      0·
      11 days ago

      Im still not convinced that crypto is worth it. I

      That’s because it isn’t. In fact it is a completely destructive concept, which utilises a shitload of energy which could have been better applied elsewhere, and only facilitates scams and other crimes.

  • MeowKittyWow@lemmy.caEnglish
    0·
    11 days ago

    Okay, as someone born in 1988, I am not an elder (but also I will accept you being kind to me please, thank you 🫠)

  • atempuser23@lemmy.worldEnglish
    0·
    11 days ago

    My grandparents lived in houses before electricity and lived long enough that computers in their pocket could talk to them. Hopefully it is a few centuries before that much happens in 103 years

  • Hawke@lemmy.world
    0·
    12 days ago

    Cryptocurrency or cryptography?

    The former you don’t really need to understand fully to use, but the latter is vital and indeed brain-melting.

    • thevoidzero@lemmy.world
      0·
      12 days ago

      I’m against crypto but this logic seems same as money is one fire away from being worthless.

      Which is true. We just give worth to things to make it easy for transactions.

  • partial_accumen@lemmy.world
    0·
    11 days ago

    I grew up using the (actual paper) card catalog in the library to find books and yes I predate VHS. However, I even understand crypto, but I think my definition may vary slightly from younger folks “understanding”.

    Crypto has no intrinsic value like gold, and as fiat currency isn’t even backed by any nationstate. This means any appreciation is based upon the “greater fool” model. Its not an investment. Its a series of Ponzi schemes so repeated that the term “rug pull” is right at home in the crypto world. I’m old enough to see other Ponzi schemes and know how they end up.

    The only real value that I can see for crypto is bypassing of national monetary controls. As in, you can buy crypto in your home country with your home country’s currency, then travel to another country with just your coins (as hex values on paper if you want to go that far) and exchange those coins for fiat currency in the other country. This isn’t unique to crypto though. You could do the same with buying rare Pokemon cards and transporting them with a slightly higher risk of seizure at one nation’s border. There might even be less volatility in Pokemon cards than many crypto currencies.

    So many trends are variations on things we’ve already seen before. Bernie Madoff would have been right at home with cypto.

    • Baggie@lemmy.zip
      0·
      12 days ago

      I seriously wonder how much brain damage I avoided by squeaking in my teenage years before the invention of smart phones.

    • AbsoluteChicagoDog@lemm.ee
      0·
      12 days ago

      Honestly I understand better now why old people complained about computers so much. We don’t even know what we lost.

      • tinyvoltron@discuss.onlineEnglish
        0·
        12 days ago

        Right? AFAIK there’s about 5 pictures of me between the ages of 8 and 25. A couple of those are driver’s licenses.