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> It's a technology. cryptocurrency is hated because it turns every action into a transaction. a system with mistrust as its core principle. where the enablem
by 5350-uiop-1130 3y ago
> It's a technology.
cryptocurrency is hated because it turns every action into a transaction.
a system with mistrust as its core principle. where the enablement of scamming masquerades as freedom.
basically thousands of incompatible pay-to-play messaging protocols all imbued with some pretty dark zero-sum incentives and fancy jargon
- chrisco255 3y ago> basically a technology for transferring and swapping tokens whose value is based on speculation. So it's a market. Like double entry bookkeeping. Are you similarly triggered by NASDAQ or Quickbooks or point of sale systems that use Postgres instead of a blockchain? > its basically a pay-to-play messaging protocol with fancy jargon. It's a fee based messaging protocol with a demand based pricing mechanic for limited block space. All messaging protocols are pay-to-play. Someone is paying for it and whatever infrastructure it runs on, even if it's free for you (via ads, spyware, etc). Only difference with a blockchain is that the infrastructure costs and fees are transparent, and it avoids dependency on a central actor.
- 5350-uiop-1130 3y agoi'm not saying there's no merit in it. just pointing out why I think people hate it and i think there are some valid reasons.