6 ms·

Thank you for this response. I think this whole issue is always addressed from the point of view of people from well developed first world countries, such as ay

Thank you for this response. I think this whole issue is always addressed from the point of view of people from well developed first world countries, such as aynthing related to climate change. Sometimes I wished they lived just one year in my country with 50% of inflation and see how they deal with that...

nikanj 5y ago
Not sure how to put this in a non-blunt way, but the hardcore crypto bros are not from your country either.
- lezojeda 5y ago
  And? I don't have to agree with the """ hardcore crypto bros """ either. Both extremes can be harmful.
  - shagie 5y ago
    In using crypto, you are exporting the wealth of your country to those miners in other countries through transaction fees. The more you use it, the more of your country's wealth is exported (which in turn means that the country's currency is worth less and accelerates the inflation that is experienced).
    - FabHK 5y ago
      And it is about $100 per BTC transaction that the miners extract (most of it in form of the coinbase mining reward, some of it in the form of fees).
      - deleted 5y ago
        [deleted]
streamofdigits 5y ago
I feel the despair in your comment but you can not fix a broken thing with another, even more broken thing (which is this greedy cryptomania) it is broken government that is the problem and it causes far more ills than monetary inflation what needs fixing is government. you cannot have a stable meaningful life, society, economy without a semi-decent government that is accountable, democratic and somewhat competent if the financial system still needs fixing after you fix government it would probably be a marginal patch and not starting from zero
- lezojeda 5y ago
  I understand your argument, but while we try to change our government we still need a way to save money and get paid without being robbed, cryptos are a way to avoid that, it's as simple as that. Please understand that people like me who live in third world countries have third world problems, worrying about the climate change is sometimes not in the top of our priorities when we don't even now if we'll have 50, 100 or 30% of anual inflation. And I find unfair how sometimes we are told and scolded by the first world when they didn't get there via green policies, really.
  - notch656a 5y ago
    The climate change thing is overspoken, most of these people are fine with someone using 10 graphics cards to do AI training or whatever other task that is resource intensive. It's just that climate change is a big political and cultural point for a certain segment of US and Europe so those against crypto have found a convenient propaganda point by making people feel guilty for using computation cycles in an unapproved manner.
  - streamofdigits 5y ago
    There may be a case for tactical use of whatever tools are available to achieve a positive result. Who am I to condemn people to sub-par living conditions on the basis of conceptual arguments... But please take at heart my previous comment. Climate change may sound like an elite concern but it is not. It is actually representative of our deepest global problems. The reason that the so-called "third world" still has third world problems is that political and economic systems everywhere ignore environmental and social conditions, focus on resource extraction, enriching a few elites etc. Some form of digital technology would surely help us solve those very difficult problems or at least make them less painful and unsustainable, but cryptocurrencies is nowhere close to do so. It is simplistic, economically more than naive, has the wrong builtin assumptions about society (complete lack of trust) etc. In any case, good night and good luck

nikanj 5y ago

Not sure how to put this in a non-blunt way, but the hardcore crypto bros are not from your country either.

lezojeda 5y ago
And? I don't have to agree with the """ hardcore crypto bros """ either. Both extremes can be harmful.
- shagie 5y ago
  In using crypto, you are exporting the wealth of your country to those miners in other countries through transaction fees. The more you use it, the more of your country's wealth is exported (which in turn means that the country's currency is worth less and accelerates the inflation that is experienced).
  - FabHK 5y ago
    And it is about $100 per BTC transaction that the miners extract (most of it in form of the coinbase mining reward, some of it in the form of fees).
    - deleted 5y ago
      [deleted]

streamofdigits 5y ago

I feel the despair in your comment but you can not fix a broken thing with another, even more broken thing (which is this greedy cryptomania) it is broken government that is the problem and it causes far more ills than monetary inflation what needs fixing is government. you cannot have a stable meaningful life, society, economy without a semi-decent government that is accountable, democratic and somewhat competent if the financial system still needs fixing after you fix government it would probably be a marginal patch and not starting from zero

lezojeda 5y ago
I understand your argument, but while we try to change our government we still need a way to save money and get paid without being robbed, cryptos are a way to avoid that, it's as simple as that. Please understand that people like me who live in third world countries have third world problems, worrying about the climate change is sometimes not in the top of our priorities when we don't even now if we'll have 50, 100 or 30% of anual inflation. And I find unfair how sometimes we are told and scolded by the first world when they didn't get there via green policies, really.
- notch656a 5y ago
  The climate change thing is overspoken, most of these people are fine with someone using 10 graphics cards to do AI training or whatever other task that is resource intensive. It's just that climate change is a big political and cultural point for a certain segment of US and Europe so those against crypto have found a convenient propaganda point by making people feel guilty for using computation cycles in an unapproved manner.
- streamofdigits 5y ago
  There may be a case for tactical use of whatever tools are available to achieve a positive result. Who am I to condemn people to sub-par living conditions on the basis of conceptual arguments... But please take at heart my previous comment. Climate change may sound like an elite concern but it is not. It is actually representative of our deepest global problems. The reason that the so-called "third world" still has third world problems is that political and economic systems everywhere ignore environmental and social conditions, focus on resource extraction, enriching a few elites etc. Some form of digital technology would surely help us solve those very difficult problems or at least make them less painful and unsustainable, but cryptocurrencies is nowhere close to do so. It is simplistic, economically more than naive, has the wrong builtin assumptions about society (complete lack of trust) etc. In any case, good night and good luck