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The energy part of crypto is a pretty small part of why I hate on it. More of a cherry on top. I'll stop hating on crypto when it becomes useful for anything ot
by noelsusman 4y ago
The energy part of crypto is a pretty small part of why I hate on it. More of a cherry on top. I'll stop hating on crypto when it becomes useful for anything other than committing crimes.
- cl1nk 4y agoIt is by far the cheapest and fastest option to send money internationally, fees from using SWIFT are ridiculous and the banks always use terrible exchange rates, I used to lose about ~4% of the money I sent to my family in another country
- noelsusman 4y agoInternational money transfers cost money because complying with international financial regulations costs money. Crypto transfers are cheaper and faster because they evade these regulations, which is just a downstream effect of committing crimes being the only real use case for crypto. To be clear, I don't think it's bad for you to use crypto for this purpose. I would do the same. I just think systems that allow anyone to evade laws are a net negative for society.