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).
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”
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?
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).
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”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?