4 ms·

Crypto in general isn't liked because it generally is BS propped up by holders to others to help their position like an MLM coworker. It isn't green (in it's cu

Crypto in general isn't liked because it generally is BS propped up by holders to others to help their position like an MLM coworker. It isn't green (in it's current form for most). It doesn't solve real world problems(in it's current form for most). And it has effectively no avenue to ever being supported by major governments because lol, shocker, they would rather regulate money. The thing about it all is that it has use, but 98% of all who are pro-crypto are just trying to get in on the gold rush rather than actually make it useful. Diamond hands is good for your position but awful for making it an actual currency. I'm sure I'll get some five paragraph long response to this pin pointing little bits here and there that might make it possible but the fact of the matter is that as it currently exists and is being propped up, it is just burning our planet for a potential goldrush.

trident5000 5y ago
Ok. While you're in denial - its being adopted by social media platforms (twitter), ecommerce platforms (Amazon), its on corporate balance sheets (tesla, spacex, microstrategy, some others), all major payment vendors, banks (JMP), and something like 70 million americans, hundreds of millions globally own it and disagree with you. Its useful to have a money system that isnt abused by central banks, destroying what you've worked for your whole life. The problem is accelerating and people seem to have found a solution. And energy "waste" is 1) an opinion of its utility and 2) more a function of grid structure. If the energy grid globally was all green then btc would be all green. It also less than 1% of global energy usage and does not scale with usage. It scales with price discovery which eventually maxes out long term. You dont need to participate if you dont want to but sweeping it under the rug as all a scam is head in sand behavior.
- bamboo2 5y ago
  JPM? If Jamie getting into it it can’t be too bad, but I looked just now and find this, “I'm not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don't care about bitcoin. I have no interest in it.” Edit: sorry, I got the wrong bank (jpm vs jmp). Thanks for clarifying below.
  - trident5000 5y ago
    Yeah I didnt say anything about Jamie Dimons opinion on bitcoin (the CEO of a bank). I said JMP is supporting bitcoin. All private clients have access to bitcoin funds (announced recently) and they bank coinbase.
- snejad123 5y ago
  not to mention millions of dollars are being loaned out and moved around platforms like yearn and aave right now. There was also a crypto-downturn in their years of operation and these two protocols didn't need "bailouts" to survive.

trident5000 5y ago

Ok. While you're in denial - its being adopted by social media platforms (twitter), ecommerce platforms (Amazon), its on corporate balance sheets (tesla, spacex, microstrategy, some others), all major payment vendors, banks (JMP), and something like 70 million americans, hundreds of millions globally own it and disagree with you. Its useful to have a money system that isnt abused by central banks, destroying what you've worked for your whole life. The problem is accelerating and people seem to have found a solution. And energy "waste" is 1) an opinion of its utility and 2) more a function of grid structure. If the energy grid globally was all green then btc would be all green. It also less than 1% of global energy usage and does not scale with usage. It scales with price discovery which eventually maxes out long term. You dont need to participate if you dont want to but sweeping it under the rug as all a scam is head in sand behavior.

bamboo2 5y ago
JPM? If Jamie getting into it it can’t be too bad, but I looked just now and find this, “I'm not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don't care about bitcoin. I have no interest in it.” Edit: sorry, I got the wrong bank (jpm vs jmp). Thanks for clarifying below.
- trident5000 5y ago
  Yeah I didnt say anything about Jamie Dimons opinion on bitcoin (the CEO of a bank). I said JMP is supporting bitcoin. All private clients have access to bitcoin funds (announced recently) and they bank coinbase.
snejad123 5y ago
not to mention millions of dollars are being loaned out and moved around platforms like yearn and aave right now. There was also a crypto-downturn in their years of operation and these two protocols didn't need "bailouts" to survive.