The Top 17 Things WE Hate in Crypto-Life
Halt the Hate GFX

The Top 17 Things WE Hate in Crypto-Life

By Thomas Wolf | wickedthewolf | 31 Jul 2020


Disclaimer:  I want to know about the things that drive you insane about crypto-life also!  This way, I can add to the list :)

Consider this a Wiki.

I've been thinking a lot lately about the things that hinder me on a daily basis.  It's a habit for me, as an aspiring inventor one of the best places to look for ideas is to find things around you that are bothering you, and then come up with a prototype for a solution.

I thought of the movie Garden State where the primary character's childhood friend became extremely rich by inventing "silent velcro" which works just like velcro but doesn't make the irritating noise velcro does.  No doubt, this was thought up by someone who was trying to make less noise.

A problem is identified, an idea is born and a solution is created.  I hope we can continue to do the same with cryptocurrencies.

Relevance:  In order to change something for the better we must first identify what is bothering us about it.


In the hopes I could find solutions in a similar manner related to crypto, I've decided to talk about some things that drive me insane, and allow you to do the same.

The Top #17 Things WE Hate About the Crypto Lifestyle:

#1 - Basic crypto economy and transactions may as well be rocket science to most people.

This makes it highly difficult to promote tokens and delays progress in an otherwise booming marketplace.  It's a minority marketplace despite its success as of late.

#2 - Crypto isn't supported by a single store I am aware of anywhere near me.

There are very few things I purchase that I can pay for in crypto directly.  Bitcoin is the only token most normies even know the name of, and Ethereum based tokens have a long way to go before integration.

#3 - People who think they know how crypto works but really have no damn clue, yet insist to misinform others.

It's detrimental and stupid.  I see this constantly, and I go through a lot of effort in researching things and updating my articles to ensure I don't become that which I hate.

#4 - Paying transaction, exchange, or any other related fees.

DEX's have helped a lot recently, but centralized exchanges are still quite bad.  I'll never use BinanceUS again and while I like Coinbase, they could surely be less greedy.  Every service has its fee, some have far too many.

#5 - Hardware wallets, ASIC miners, and electricity prices.

This is hell for anyone trying to make or save money.  Hardware wallets are not too bad when they go on sale.

#6 - Captchas.

I don't even want to know how many I've had to do in the last week, let alone in my entire life.

#7 - Wait times, particularly on payouts.

I don't care if it is a single day or less, it's 2020 - everything should be near-instant.  This applies equally to Bitcoin confirmations, and to cash-out wait times.  No one wants to wait for anything anymore, especially their money.

#8 - Faucets.

They are additional semi-passive income so I keep up with daily claims or more when I'm not busy.  However, they are like nails on a chalkboard to me.  I tend to do them as my meds are kicking in in the mornings; I'm braindead for a half an hour at that time anyway.

#9 - CryptoTab.

Referral links are annoying enough - I keep mine below in my signature as a way to not drive people insane as they read my articles.

However, I believe this one should be outlawed.  Anyone who knows anything about mining can tell you it's not worth running - literally.  Seeing a total garbage browser like this being promoted alongside a great browser such as Brave for purely personal gains is corrupt.

#10 - Buying high, and selling low.

Don't lie, unless you are a statistical anomaly - this has happened to all of us at least once due to life circumstances.  It's equivalent to a kick in the nuts, for me...especially with the current BTC prices being through the roof.

#11 - PoW currencies that use a lot of power are used over more secure, faster tokens with a light power draw.

This is extremely bad for the environment, although I am pleased to be blogging to you from 100% renewable energy.  You do not want to see my power bill...  However, if we were to swap Bitcoin for Nano (or similar) tokens, you could be using 8,000,000+ times less energy than we currently do to mine Bitcoin alone.  To top this off, Nano has no transaction fee for a centralized exchange to abuse, and Coinbase doesn't even support the token yet.  Binance does, though!

#12 - Crypto is only for criminals - added by 0fajarpurnama0

Cryptocurrencies are routinely portrayed as only for criminals and/or hackers in the media.  This is deceptive as many of us are of moral character and believe in sound practices while heavily emphasizing security.

#13 - Requiring multiple wallets for all tokens/coins - added by Spitkitten

This is an annoyance beyond measure for most.  I have so many wallets I have lost count, and several of them accept ERC-20 tokens, among others.

I am now pulling my support for Atomic Wallet because it's basically a budget Exodus if you remove your BNB/AWC loyalties, which I am about to do.  I was very bothered with their sloppiness and lack of clarity the last while, and then I approached an admin named Jorge who was about as intelligent as a brick, highly offensive, unable to answer questions, banned people for next to nothing, and had the thinnest skin of any person I've ever had to question regarding their services. There is absolutely no way software and a token operated by people such as that will have any longevity in the crypto market.  I'll find another wallet and stake a different token, and then promote that instead.

Also, their airdrop is completely dead - posting the links is just a marketing ploy now, so I will remove them - Atomic Wallet is nothing but a Loopring (LRC) wallet to me now and only because it's slightly cheaper than MyCrypto Beta or Metamask - I no longer follow or promote AW, BNB, and AWC.  It's occurring to me now that I could actually send my LRC directly to a DEX wallet... more on that later!

#14 - People who think they are above social order

Social support relies heavily on professionalism.  If you are unable to remain calm, act professional and answer basic questions - you have no place in power of anything... except maybe a toxic Telegram channel.  How can you possibly expect people to trust you with their money if you act that way, let alone expect the expansion of your token and overall platform to succeed?

This is the opposite of behavior I've seen from Statera Project who invite criticism and respond in a highly professional format - that I respect!  It shows commitment and transparency.

This goes back to #3 - people who actively misinform others while pretending to know everything, yet they cannot answer basic questions for the sake of clarity, instead, they are rude and unhelpful.  Then, after being rude and unhelpful, they are surprised when it isn't well-received... this is shameful for anyone, but if that person is supposed to be some kind of authority figure or admin, it's far worse.

#15 - "Half-awake Mistakes"

It's easy to be so tired that you forget to include a memo address, or accidentally delete a character, etc - things that can have disastrous consequences with little fallback in most cases.  One bad crypto exchange can render you broke or clicking on a phishing link in a convincing email that bypassed spam could be the end for all of your personal accounts.

Vigilance is the price of peace of mind in crypto, no doubt!  I highly recommend you study encryption and other forms of security to help with this and always double if not triple-check your transactions before hitting send.  You get comfortable with it after a while, and that's when mistakes happen - costly ones!

#16 - DEX's (Decentralized Exchanges) with a lack of transparency

Some DEX's, such as DeFi are known to have a questionable ethics and it is speculated that the token is being price-driven in a manner similar to what Elon Musk does with his Tesla stock - buying shares from his own company.

It's entirely possible that DeFi and simialar DEX's are doing this with crypto instead of stocks; I prefer a DEX with no egg on its chin - such as ChangeNOW.  While I do not at all suggest you try this, I just forgot to put a memo in on a $25 BNB>DAI exchange with them, and they were able to recover my money.  A dishonest DEX could have easily said "Sorry, nothing we can do." and I'd have lost everything I exchanged.

#17 - Redundant Scams - added by DragoNate

I've never fallen victim to anything short of failed airdrops.  However, I see scams constantly.  Take the Coinpot roller trick for example; there is a legit method and I did make an article on it explaining how.  But, most of YouTube is using the real trick to scam people and/or bait refs.

This is all too common behavior.  It's particularly bad for inexperienced users as they are more susceptible to falling victim to some BS.  Then again, scams can go as high as the recent Twitter compromise of 130 high-profile user accounts.

Most of us are simply plagued with scam advertisements promising to double, triple, etc our money in a short period of time.  Yea, that makes sense... not.


I'd like to hear what everyone else hates about cryptocurrencies and living a crypto-oriented lifestyle.

I'm happy to discuss these matters in the comments.  Good ones will be added to the list, and then I can start thinking of solutions.


Stay home & Stay safe!


-Thomas Wolf


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Thomas Wolf
Thomas Wolf

I am a cryptocurrency advocate, a STEM undergraduate student, a nature enthusiast, a survivalist, a DIY specialist, and I'm a little crazy at times.


wickedthewolf
wickedthewolf

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