13 years later

I'm not doing any crimes but I can't pay for the services I want without buttcoins. If you want me to stop, pass a law to force payment processors to serve legitimate customers.

there is nothing more communist than regulating people's money directly

Any Forums here, there are a few reasons.

Firstly, understand that the entire world has been in an undeclared recession for most of the 21st century. It's why interest rates are so hilariously low, and this has knock-on effects. Even classic investments (property, precious metals, etc.) haven't been keeping ahead of inflation - and this is before Bidenflation.

As such, in order to actually get a return, people are sinking more and more money into speculative investments such as crypto. Stocks - the only other asset class that's shown any real growth over the last decade - is complex and bewildering (and surprisingly expensive) for mom and pop investors. Crypto, on the other hand, has low overheads, low barrier to entry, and an interesting risk/reward profile more like lotteries than anything else. As such, they attract the layman.

>Stocks - the only other asset class that's shown any real growth over the last decade
is this some cope that Any Forumstards tell themselves?

So do you keep the original ape when you use the slurp juice and make 3 new apes?

I also paid for my vps in bitcoin. I use bitcoin for buying pretty much anything on the web (i mean the times when you're dealing with people, obviously)

This is what I hate about crypto desu. People using it as an investment instead of a currency (to transact with).

Good man. Not hoarding the currency and using it for its intended purposes.
I like the fact that I was able to make a transaction with my VPS provider without my bank (and therefore government if push comes to shove) has to know. Feels like we have been conditioned to be cucks when it comes to electronic payments honestly. The fact that someone would like to NOT have some bank overseeing transactions is seen as being "just because you want to do muh crime". Imagine inviting your bank when paying for pizza with physical cash.

>Imagine inviting your bank when paying for pizza with physical cash.
imagine letting the government watch porn with you and know every click you do on the internet lmao

"feeling private" is an absolute scam for brainlets. it's an illusion you have created for yourselves to justify using crypto. nobody gives a shit about your transactions, unless you do crime.

That's not my point. I do care about privacy, but still not the point. The point is, that the third party authorization is currently the standard to prevent double spending (an issue physical cash doesn't have). With Bitcoin, the issue of double spending is solved, and it offers a viable alternative to the conventional financial system.
Why not use a peer-to-peer system and get rid of the middle man? Not because of privacy, but simply because the middleman is superfluous, just like having my banker oversee my transaction of physical cash with my local pizza-maker is superfluous, therefore I do not invite my banker, because it would be stupid.
Privacy is one thing, but it is not what I am getting at here. Also, the ledger is public, so any person can with effort put 2 and 2 together. In that regard, you have more privacy with a central authority, since they don't have to announce transactions publicly, like Bitcoin does.

>Why not use a peer-to-peer system
Cause it's inefficient as fuck
> and get rid of the middle man?
Kek, you're bittards have like three middlemen if you want to buy anything actually relevant
>Not because of privacy, but simply because the middleman is superfluous,
Except he's not. He's there for overseeing the process, guaranteeing consistency in an efficient manner and security on a level a retarded P2P system like Bitcoin never could
>just like having my banker oversee my transaction of physical cash with my local pizza-maker is superfluous, therefore I do not invite my banker, because it would be stupid.
That's why we have cash retard.

Imagine using a deflationary currency on a GLOBAL SCALE, any sane economist would bash your head in for retardation like that

>and it offers a viable alternative to the conventional financial system
No it doesn't. Double-spending is just one form of fraud that you have to worry about when resolving payments; bitcoin "solves" the issue of double-spending in an extremely inefficient and unfair way while also creating a number of other sources of fraud.

>Why not use a peer-to-peer system and get rid of the middle man?
Blockchains are not peer-to-peer. They are REQUIRED to have middle men as part of the design. The middle men are literally who you're relying on to prevent double spend.

>you have more privacy because everything is forced to be public
I'm sorry, I can't even with this one.

Nice reading comprehension buddy. I literatlly said you have more privacy with conventional financial systems.

>"noóooooooo we need inflation to make people consume product! We cant encourage saving and modesty, jsut consoom more product!!11!"

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Sorry you're right, I misread.

Cryptocurrency doesn't encourage saving or modesty. The HODLers are trying to get you to stay in so they can cash out at your expense.