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I think the environmental argument is the easiest one to make against crypto, and the easiest one for crypto fans to discount (“proof of stake is coming in X mo
by muglug 4y ago
I think the environmental argument is the easiest one to make against crypto, and the easiest one for crypto fans to discount (“proof of stake is coming in X months!!”).
More importantly, though, it’s mostly a way for already-rich people to extract money from poorer people.
The people who “invested” in 2021 are almost all under water today, and they’re largely people who couldn’t afford to lose their investment.
- radu_floricica 4y agoMost people who invested in a peak were "under water" a year later. That's what a peak means.
- deleted 4y ago[deleted]