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Cryptocurrency Is an Abject Disaster

drewdevault.com

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Re: Cryptocurrency Is an Abject Disaster

#2

Post by cies »

It's in it's infancy. In two decades we will know what it means to us as mankind.

Cars were also dangerous, unregulated, expensive and excessively polluting. It got a lot better on all these points, and not all due to the cars: some of it was a mind shift that mankind had to make.

Same will hold true for cryptocurrency.

Re: Cryptocurrency Is an Abject Disaster

#4

Post by ta9999 »

cies wrote: post #2

It's in it's infancy. In two decades we will know what it means to us as mankind. Cars were also dangerous, unregulated, expensive and excessively polluting. It got a lot better on all these points, and not all due to the cars: some of it was a mind shift that mankind had to make. Same will hold true for cryptocurrency.

I would argue cars are still mostly a disaster. They're not good for the environment, they partitioned neighboorhoods, they're very dangerous (the biggest non-disease killer of younger people before drugs), and they're another thing poor people end up having to buy and owe payments on every month.

Re: Cryptocurrency Is an Abject Disaster

#6

Post by sgt101 »

neals wrote: post #3

Somebody on the internet is unhappy that his free service is now paid. Nothing to see here. [edit] ok, I was wrong. :)

No, he is unhappy that the service that he was giving for free - to help others - is being taken and used to support drug dealing and arms trading. I think his position is pretty unimpeachable.

Re: Cryptocurrency Is an Abject Disaster

#7

Post by tima101 »

> Cryptocurrency is one of the worst inventions of the 21st century. I am ashamed to share an industry with this exploitative grift. It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere. Fuck cryptocurrency.

Re: Cryptocurrency Is an Abject Disaster

#8

Post by grumpyprole »

ta9999 wrote: post #4
cies wrote: post #2

It's in it's infancy. In two decades we will know what it means to us as mankind. Cars were also dangerous, unregulated, expensive and excessively polluting. It got a lot better on all these points, and not all due to the cars: some of it was a mind shift that mankind had to make. Same will hold true for cryptocurrency.

I would argue cars are still mostly a disaster. They're not good for the environment, they partitioned neighboorhoods, they're very dangerous (the biggest non-disease killer of younger people before drugs), and they're another thing poor people end up having to buy and owe payments on every month.

So true! I once told my kids about the beautiful car-free bicycle cities, they replied something like "wow, I wish we could live there".

Re: Cryptocurrency Is an Abject Disaster

#9

Post by IiydAbITMvJkqKf »

cies wrote: post #2

It's in it's infancy. In two decades we will know what it means to us as mankind. Cars were also dangerous, unregulated, expensive and excessively polluting. It got a lot better on all these points, and not all due to the cars: some of it was a mind shift that mankind had to make. Same will hold true for cryptocurrency.

Regulated, cheap, mostly environmentally friendly currencies exist, they're called USD, EUR, etc.

Re: Cryptocurrency Is an Abject Disaster

#10

Post by elite_hackers »

cies wrote: post #2

It's in it's infancy. In two decades we will know what it means to us as mankind. Cars were also dangerous, unregulated, expensive and excessively polluting. It got a lot better on all these points, and not all due to the cars: some of it was a mind shift that mankind had to make. Same will hold true for cryptocurrency.

What are you talking about? Cars are an absolute disaster for humanity... one of the biggest mistakes humans ever made. Maybe try another analogy
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