Crypto

Please specify which “crypto”?

Cryptography is doing just fine, thank you very much. I presume you meant “cryptocurrency” here?

Bitcoin should have led to global currency reform, for a start. That failed. It could still lead to energy reform and other important societal progress. But regulation and other factors are killing it.

Bitcoin and its alternatives could never have been a currency. It’s eminently unsuited to that role. (It’s great for Ponzi schemes, extortion schemes, and other criminal enterprises mind.) And how does “using more energy than a medium-sized nation while doing three orders of magnitude fewer transactions than even ONE payment processor” translate to “energy reform”?

Please, dude, stop being a cryptobro. It’s a really bad look.

A loosely moderated place to ask open ended questions

If your post is

  1. Open ended
  2. Not offensive
  3. Not regarding lemmy support (c/lemmy_support)
  4. not ad nauseam inducing (please make sure its a question that would be new to most members)

it’s welcome here!

  • 0 users online
  • 6 users / day
  • 14 users / week
  • 21 users / month
  • 10 users / 6 months
  • 16 subscribers
  • 351 Posts
  • 891 Comments
  • Modlog