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Crypto currencies are highly controversial. Many see the problems with few benefits. Yes, many speculators got rich but they’ve disrupted supply chains, enabled
by goalieca 5y ago
Crypto currencies are highly controversial. Many see the problems with few benefits. Yes, many speculators got rich but they’ve disrupted supply chains, enabled the ransomware revolution, benefit money laundering, and consume insane amounts of energy. We still do not have that killer use case we were all hoping for with decentralized money.
- prohobo 5y agoThey're not controversial right now, they're politicized - people have to agree on the reality before they can start arguing about whether it's good or not. Most of what you stated isn't even epistemically agreed upon, and you're saying we're already in the judgement phase? Of cryptocurrencies as a concept? JEEZUS. I'm tired of social media. People buy into all kinds of narratives then use them to justify other narratives. It just never ends. Most cryptographers don't care about this at all, except that it brings the cryptobros to their forums, when what they're looking for are trading communities.
- xiphias2 5y agoBitcoin must be controversial, as it's disrupting much more than the supply chains: the whole global financial system. Nobody knows if it will be successful or not, we need 10 more years to find it out. Can you imagine a non-controversial or non-volatile way to do it?