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I think personally that proof of stake and proof of work both don’t matter in the end. I believe that all cryptocurrencies are at their heart scams. Proof of
by louwrentius 6y ago
I think personally that proof of stake and proof of work both don’t matter in the end.
I believe that all cryptocurrencies are at their heart scams.
Proof of stake doesn’t change this dynamic.
As I see it, cryptocurrencies doesn’t actually solve any real, significant problems we face as a (global) society.
And to pick one important thing: they exclusively enable crypolocker randsomeware, and we know their devastating impact.
Dollars are abused too, but the dollar gives so much back, our societies are based on it.
I see no benefit to society of cryptocurrencies and I would really like to see them go.
Nothing good has come from them. Zero.
- runj__ 6y ago"Scam" would indicate intent which I'd seriously think you'd be hard pressed to find behind the bitcoin white paper, it would be a really bad, slow scam if it included the number of steps where bitcoin would be where it is right now. I can put a virus on someone's computer and make them mail physical dollars or make dead-drops or whatever to remove it, ransomware is not a problem of cryptocurrency.
- louwrentius 6y agoRansomware is entirely made possible due to cryptocurrencies. Your funny James Bond Scenario is just dishonest, you know this doesn’t scale and dead drops won’t protect you. The risk is too high.
- ostenning 6y agoTell the people of Venezuela that. Cryptocurrencies have the ability to free people from broken dictatorial economies. While you may enjoy the benefits of a first world currency, check your privilege for just one moment and realise the world is much bigger than you would believe.
- lucian1900 6y agoVenezuela’s problems are due to US aggression and sanctions, not its fiat currency.