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I think BTC & ETH (not random shitcoins) have a place and I honestly think they're better unit's of currency than fiat. However, unfortunately I would now say

I think BTC & ETH (not random shitcoins) have a place and I honestly think they're better unit's of currency than fiat. However, unfortunately I would now say that it's been co-opted by US-centric grifters/charlatans/hustlers. The grifters need to go, but the crypto community doesn't really seem to want this to happen, as if the movement has been co-opted by these exact types of people. Sidenote: I would hazard a guess that the people memeing about "oh my energy use" haven't looked into it with all that much detail. Fiat is MUCH worse in this position.

tsimionescu 5y ago
Without the community of grifters, neither BTC or ETH would have any serious market value, and so they would be extremely easy to attack. The only reason vast mining networks can exist is because of the huge amounts of money that grifters have been pumping into the system. The "community" probably understands this very well. > Sidenote: I would hazard a guess that the people memeing about "oh my energy use" haven't looked into it with all that much detail. Fiat is MUCH worse in this position. No, fiat is processing literally millions of times the amount of transactions of BTC & ETH combined for a fraction of the energy use. Sure, the whole financial sector is larger in energy use than BTC and ETH, but most of that is all the parts that BTC and ETH don't cover at all - insurance, loans, risk eval, customer support, investments, KYC and AML, and many other functions that are crucial to the economy.