this post was submitted on 20 May 2024
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Nah it's literally a waste of physical resources. Crypto currency is a waste of fossil fuels. AI has its functions at least.
Proof of stake uses a load less than proof of work.
Be really good if currencies could go in and out of crypto. Could cut out a lot of middle men.
again, what use does it serve over traditional banking?
even PoS requires a lot of resources in comparison, for a system that literally exists to funnel money to a smaller group of people
Advantages of cash and digital, without the swings of raw crypto. Also leaving the ability to usefully manipulate your country's currency.
Crypto means easy, open payment systems. No gatekeepers like WorldPay.
like any true Liber-crypto-bro-tarian, your understanding of crypto is only undercut by your understanding of economics
Manipulating currency is a useful tool. If you don't think so, that makes you more liberian than me.
Like many here, I'm big into open source, and card payment systems are an issue. Crypto is one solution to that. Crypto has advantages, but it falls down as a currency because of blind faith in the invisble hand.