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Ah, then the author shows their true colors. “Conspiracy theory”, “nazi”, “right wing”. This is an unserious hit piece meant to bully left-leaning people into sabotaging research and development in the web3 space.
Crypto is just a digital asset that is very damaging to the environment and it is not like fiat currency because there is no exclusive market under it.
That's not accurate: not all cryptocoins are secured by an ever-escalating proof-of-work.
Emojipaste is broken so… emoji face with rolling eyes…."
https://standardcrypto.wordpress.com/2020/07/30/whiny-academ...
Some folks just dont get it and it shows.
The mental gymnastics these salty nocoiners will go through, show how much they actually do get it, deep down inside.
Right off the bat it shows three bad things about crypto-currency. And yet each of those three have been steadily and consistently improving. But apparently rather than iterating it’s better to just stop? Ah, then the author shows their true colors. “Conspiracy theory”, “nazi”, “right wing”. This is an unserious hit piece meant to bully left-leaning people into sabotaging research and development in the web3 space.
Also, BTC isn't a decent "store of value" and was NEVER meant to be. It is, at the title states, a peer-to-peer digital cash. For that it needs low fees and fast reliable transactions. Bitcoin Cash is one of the only projects following the rules laid out in the Bitcoin White Paper. The BTC chain was hijacked years ago by people with corporate interests like Greg Maxwell and Adam Back.
"Overwhelming evidence shows..." - the whole article is a great example of many of the tactics journalist employ to manipulate people's opinions.
It should start with: "how is this better than the global information tracker?"
Cryptocurrencies are an innovation and they have value. We can debate the extent of this and what practical applications can really be built. However, outright dismissing them as garbage does no justice to the debate. Bitcoin is a good , fairly decentralized expression of digital scarcity at the very least and can be a store of value.