• pr06lefs@lemmy.ml
    link
    fedilink
    arrow-up
    53
    arrow-down
    2
    ·
    4 months ago

    proof-of-work blockchains. instead of a utopian decentralized currency we have a utopia for scammers and day traders, and uses a ton of energy at a time when we need to conserve to combat global warming.

    • mindbleach@sh.itjust.works
      link
      fedilink
      arrow-up
      2
      ·
      4 months ago

      All while aiming to be cash you can e-mail, and failing at that because its high volatility and low speed make it a completely artificial commodities market with nearly zero real-world applications. It’s a technology that took off because Paypal is the devil and it is arguably worse.