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Yeah, as if perpetually rising housing prices, subsidized petrol, shoving the cost of climate change over onto poor countries and responding to migration crises

Yeah, as if perpetually rising housing prices, subsidized petrol, shoving the cost of climate change over onto poor countries and responding to migration crises by interning and torturing people is a great vision for the future.. I have never made a single penny of off crypto, but I wholeheartedly appreciate it as a transactional currency in a country with extremely draconian drug laws, the highest overdose numbers and of course the inevitable resulting rise of criminal organizations primarily funded by the governments refusal to take responsibility for the drug trade in their country. How sheltered do you really have to be to consider bloody fucking cryptocoins a bigger problem than any of this?

bodge5000 5y ago
I dont think anyone is saying that crypto is a bigger problem than those things. Just that its also not the solution to those things that we keep being promised it is (or will be). Maybe in time, crypto will die out as a fad and come back again, and then it might stand a chance. I highly doubt it'll fix all those problems, but it could be a legitimate decentralised currency (for good or for bad, thats up to you to decide). But right now, its seen pretty much seen as a vehicle for investment, a get-rich-quick scheme, which is completely at odds with its use as a legitimate currency
- cannabis_sam 5y ago
  Of course it won’t solve those problems, it simply does one useful thing, allows untrusted transfer of a representation of “money”.. I’m just fed up with people demonizing crypto while our society is far more dependent on the destruction of the environment. Ban using cheap electricity to fuel crypto, sure, and pay “miners” with transaction fees. And ofc fuck the speculators and the get-rich-quick morons. I guess the problem is that it would easily tank the whole ecosystem if it got reduced to something more reasonable. Ofc the same is true for the world economy, hence my comment.
  - bodge5000 5y ago
    > I guess the problem is that it would easily tank the whole ecosystem if it got reduced to something more reasonable. This is the problem with crypto as it currently stands, its hype pretty much relies on the opposite of it being a stable, realistic currency, hence my pessimism.

bodge5000 5y ago

I dont think anyone is saying that crypto is a bigger problem than those things. Just that its also not the solution to those things that we keep being promised it is (or will be). Maybe in time, crypto will die out as a fad and come back again, and then it might stand a chance. I highly doubt it'll fix all those problems, but it could be a legitimate decentralised currency (for good or for bad, thats up to you to decide). But right now, its seen pretty much seen as a vehicle for investment, a get-rich-quick scheme, which is completely at odds with its use as a legitimate currency

cannabis_sam 5y ago
Of course it won’t solve those problems, it simply does one useful thing, allows untrusted transfer of a representation of “money”.. I’m just fed up with people demonizing crypto while our society is far more dependent on the destruction of the environment. Ban using cheap electricity to fuel crypto, sure, and pay “miners” with transaction fees. And ofc fuck the speculators and the get-rich-quick morons. I guess the problem is that it would easily tank the whole ecosystem if it got reduced to something more reasonable. Ofc the same is true for the world economy, hence my comment.
- bodge5000 5y ago
  > I guess the problem is that it would easily tank the whole ecosystem if it got reduced to something more reasonable. This is the problem with crypto as it currently stands, its hype pretty much relies on the opposite of it being a stable, realistic currency, hence my pessimism.