Adding a few more points to fully kill crypto as a “freedom currency”
Generating crypto requires capital; people with computers and access to energy will instantly get the ability to outgenerate any other crypto participant
Energy-centric currency just empowers the same rich lobbies; oil and gaz lobbies are delighted to see that there’s an uptick in energy demand
People with right material (read, capital) can track you, but low chance to track anyone doing crime at a national level (due to odds of them having a competent IT (baring the Hegseth drunkards out there))
What keeps people from looking at point 1 and not totally stopping there, you think?
The game is statistically unwinnable and the more rubes play, the bigger the leech gets.
I looked into crypto seriously several years ago when a friend got interested. I had to inform them it was still a casino where Have’s print the cash and make the rules, specifically so the currency returns to them with interest off someone else’s(our) brow. ie, same scam as wall street stonks. Just reiterating Point 1.
Pretty pointless unless there is an anti-fascist buying collective or something. Remember when reddit saved gamestop for a few years and, uh, very suddenly a lot of common investment apps ‘stopped working’ that week?
As soon as you get a hand in their game, they’ll show you right away you were meant to die slaving for them, not participating in decisionmaking (money AND politics).
Also because the entire thing is backed financially by energy wasted, crypto has actually been slowing down the adoption of cheaper, safer renewable energy.
People spend x dollars on generating crypto, they expect to sell it for x+profit
Ergo if energy became cheaper, crypto would devalue and we can’t have that.
So according to you, there’s a crypto that 1. doesn’t need any capital (computers), 2. doesn’t need wastable energy (power that wouldn’t otherwise be used) and 3. is actually impossible to track across the board?
You’ve done it! You’ve fully killed Bitcoin! Now it will certainly become irrelevant! In 5 years, the top answer for “what would you do if you had a time machine and went back 5 years?” definitely won’t still be “Buy more Bitcoin.”
Of course cryptocurrencies will exist in the future. Same as simpler pyramid schemes, corruption, human trafficking, and banging your finger on a corner of a table. It’s not an indication of any positive quality of those things.
It’s Avon for Cis Dudes that make fun of Avon ladies
It’s the Lottery for STEM Majors that make fun of grandpas that play the lottery.
I’d say ‘it’s religion for reddit atheists’, but it’s not. AI is religion for reddit atheists. “The rapture AGI is right around the corner and when it comes around God will save the righteous and punish the sinners we will live in post-scarcity utopia. Just please ignore all the priests committing horrid crimes on children actual AI copmanies being owned by technocrats with fascist leanings who seem very horny for the idea of never having to pay a worker again. Until then we just need to pray and proselytize very hard keep investing on DA FUTER”
Adding a few more points to fully kill crypto as a “freedom currency”
What keeps people from looking at point 1 and not totally stopping there, you think? The game is statistically unwinnable and the more rubes play, the bigger the leech gets.
I looked into crypto seriously several years ago when a friend got interested. I had to inform them it was still a casino where Have’s print the cash and make the rules, specifically so the currency returns to them with interest off someone else’s(our) brow. ie, same scam as wall street stonks. Just reiterating Point 1.
Pretty pointless unless there is an anti-fascist buying collective or something. Remember when reddit saved gamestop for a few years and, uh, very suddenly a lot of common investment apps ‘stopped working’ that week?
As soon as you get a hand in their game, they’ll show you right away you were meant to die slaving for them, not participating in decisionmaking (money AND politics).
Also because the entire thing is backed financially by energy wasted, crypto has actually been slowing down the adoption of cheaper, safer renewable energy.
People spend x dollars on generating crypto, they expect to sell it for x+profit
Ergo if energy became cheaper, crypto would devalue and we can’t have that.
Mining hardware is the bigger cost for bitcoin. Tokens are the largest cost for PoS.
Your post applies to Bitcoin specifically, not crypto in general.
So according to you, there’s a crypto that 1. doesn’t need any capital (computers), 2. doesn’t need wastable energy (power that wouldn’t otherwise be used) and 3. is actually impossible to track across the board?
From a user perspective yes to all 3.
From a infrastructure perspective,
You need capital to keep people honest. Nothing at risk means people can lie
Some power is still needed, but Ethereum has gone from the consumption of Chile to a single windfarm.
ZK proofs now allow anyone to create an anonymous token. Most blockchains are opt in for anonymity.
“Difficulty adjustment” minimizes profits. You get a much higher return on the stock market than you do holding dollars.
I have an ignorant question: is gaz a French-Canadian spelling? I always thought it was Russian.
As far as I know it’s just french spelling, not limited to French-Canadian.
You’ve done it! You’ve fully killed Bitcoin! Now it will certainly become irrelevant! In 5 years, the top answer for “what would you do if you had a time machine and went back 5 years?” definitely won’t still be “Buy more Bitcoin.”
Of course cryptocurrencies will exist in the future. Same as simpler pyramid schemes, corruption, human trafficking, and banging your finger on a corner of a table. It’s not an indication of any positive quality of those things.
It’s Avon for Cis Dudes that make fun of Avon ladies
It’s the Lottery for STEM Majors that make fun of grandpas that play the lottery.
I’d say ‘it’s religion for reddit atheists’, but it’s not. AI is religion for reddit atheists. “
The raptureAGI is right around the corner and when it comes aroundGod will save the righteous and punish the sinnerswe will live in post-scarcity utopia. Just please ignore all thepriests committing horrid crimes on childrenactual AI copmanies being owned by technocrats with fascist leanings who seem very horny for the idea of never having to pay a worker again. Until then we just need topray and proselytize very hardkeep investing on DA FUTER”Have you heard of the lottery?
Whole-ass time travel to “buy more bitcoin”, what a clown.
Yeah but I don’t already know the winning lotto numbers
With time machine you can create the first lotto and be John Lotto himself
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