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By that reasoning computers make ransomware possible, cryptocurrency just makes it economically viable.
by celticninja 6y ago
By that reasoning computers make ransomware possible, cryptocurrency just makes it economically viable.
- albntomat0 6y agoYes, and it's pretty clear that computing as a whole comes with a huge amount of downsides (hacking, revenge porn, video game addiction, etc). It's also pretty clear that the overall benefits outweigh the downsides. I'm personally not convinced that the upsides of cryptocurrencies outweigh the downsides.
- suifbwish 6y agoI was surprised it wasn’t classified as some kind of counterfeiting scam tbh. When you mine crypto you are pretty much printing money. Sure yeah it takes proof of work/storage/stake ect but so does counterfeiting. The philosophical differences are kind of vague.
- yunesj 6y agoMining BTC is as much like counterfeiting USD as mining gold is like counterfeiting USD, which is to say, not alike at all.
- suifbwish 6y agoExcept gold exists as a material/commodity. Cryptocurrency was invented.
- chayleaf 6y agoWhen thr government prints money, it isn't counterfeited. When you mine crypto, it isn't counterfeited, because everyone is crypto's "government"
- thebean11 6y agoCrypto does not pretend to be dollars, so no it's not counterfeiting any more than the X foreign government printing Y non-USD currency is counterfeiting.
- Pfhreak 6y agoYes? That's precisely the argument the parent poster was making -- technology (both computing and cryptocurrency and everything else) comes with both upsides and downsides. In the case of general purpose computing, the upsides are obvious and massive. Whereas it's much, much less clear that the upsides of cryptocurrencies outweigh their downsides.
- deleted 6y ago[deleted]