Bitcoin is Stupid and Does Not Deserve an Emoji
thedabbler.patatas.ca

35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.

F that

  • Katana314@lemmy.worldEnglish
    101·
    3 months ago

    I mean…I’ll go one further. I know there have been many historical “aged like milk” quotes, like about how much RAM computers need, but I’m still saying this in confidence: I don’t think that cryptocurrency or blockchains will ever have a useful purpose. Their design is built to solve societal problems, but introduces worse problems in implementing them. This goes well beyond just taking too much electricity.

    • iopq@lemmy.worldEnglish
      21·
      3 months ago

      They already have a useful purpose. Sending crypto is much easier than sending different currencies into different countries. The services exist, but they are prohibitively expensive if you’re sending like $50

      Send Monero or something and it’s far easier and faster. You can exchange it for your own currency locally or just sit on it.

      • Katana314@lemmy.worldEnglish
        2·
        3 months ago

        Every time one of these articles is posted, I predict a very very short investigation into the technical workings of the project will find that the same could’ve been done with a much simpler central database. Or, that they were actually using a database at the backend and wasting their whole crypto approach.