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Even if it had nothing to do with climate change I find the entire space to be deplorable. I see it as a heavy negative in terms of things it enables (mostly sc
by moonchrome 5y ago
Even if it had nothing to do with climate change I find the entire space to be deplorable. I see it as a heavy negative in terms of things it enables (mostly scams and crime), it creates other issues (like significantly contributing to GPU shortages), people involved in it are like some cult similar to other MLM schemes.
I've been interested in it around the time ETH came into picture, smart contracts sounded interesting. Seeing how it played out in practice convinces me the tech is fundamentally inferior to status quo for the things they propose it solves, and at this point I think it's been long enough to judge.
The only people I know using crypto in personal circles use it to dodge income taxes, order drugs or gamble (not particularly judgemental towards either, just super annoyed how it keeps polluting public discourse).
- jasonhansel 5y agoAgreed. Making money off crypto is a lot like making money from running a casino or offering payday loans...there's plenty of demand, and you can get rich doing it, but the societal costs seem to outweigh the potential benefits.
- runarberg 5y agoWhen one observes technological solutions failing to address societal problems time and time again, one has to wonder if societal solutions might be better suited.
- MarkPNeyer 5y ago> the tech is fundamentally inferior to status quo for the things they propose it solves, and at this point I think it's been long enough to judge. What do you know about bitcoin's lightning network? How would you respond to people in el salvador who are very happy with it? https://www.youtube.com/watch?v=aVVZXUFItZY https://www.youtube.com/watch?v=aVVZXUFItZY
- rekoil 5y agoOr Loopring, Arbitrum, Polygon, Optimism. Complete Ethereum L1s move to Proof of Stake, and use one of the above for actual transactions and you have a super fast decentralised way of making transactions that's orders of magnitude more energy efficient than Bitcoin.
- acdha 5y agoThose would be the same people in El Salvador who protested in the streets over being asked to use Bitcoin? They know a corrupt elite when they see one: https://www.aljazeera.com/gallery/2021/9/8/salvador-protest-breaks-out-against-bitcoin-adoption https://www.aljazeera.com/gallery/2021/9/8/salvador-protest-...