Waaay early on when cryptocurrencies were regarded as being possible alternative currencies it may have made sense, but now as they appear to have become more like extremely questionable investment products/securities, I’m left confused why anyone still has donation links for them alongside alternatives that provide, y’know, usable money (e.g. Ko-fi/Liberapay/etc.).

Are the donation links I’m seeing just a web artifact like the occasional Google+ share icon on some sites, or is there something more at play?

  • Elle@lemmy.worldOP
    link
    fedilink
    arrow-up
    2
    arrow-down
    6
    ·
    1 year ago

    My thinking was mainly that due to the values being volatile and the trend of people being encouraged to treat it as an investment instead of currency that it just wouldn’t see many donations anyway. On the rare occasion someone may have donated, it may be such a minimal amount that it may not even result in much of anything after whatever processing fees may be involved.

    At least with more widely used currencies there’s the accepted use of them primarily as currencies and there may be fewer conversions/processing fees involved (albeit this may vary & I suppose this may be where crypto finds its space).

      • Elle@lemmy.worldOP
        link
        fedilink
        arrow-up
        2
        arrow-down
        2
        ·
        1 year ago

        Yes, but from my understanding, at least depending on the cryptocurrency involved, this can be either similar to those or worse at times. With the more popular cryptocurrencies in particular it seems to lean towards worse.

        • Enma Ai@lemmy.world
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          Money has pretty low transactions fees (5cents rn)and is completely anonymous for example, which can be very important depending on what donation or transaction it is.

          Others have other advantages over USD for example. NANO being instant and free.

          As transaction vehicles these work just fine.