Comment on Tech moguls want to build a crypto paradise on a Native American reservation

WanderingThoughts@europe.pub ⁨9⁩ ⁨months⁩ ago

• unphazed@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Let em do it at Point Nemo

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• rottingleaf@lemmy.world ⁨9⁩ ⁨months⁩ ago

  BTC is useful though.

  It’s very easy to judge from the EU, but if you are in Russia and need to pay for something in the interwebs, it’s very convenient to have an imperfect, but kinda functioning system like this.

  (Idiots replying with “go rebel” or “change location” need not bother, I happen to have family, friends, dog, ASD and BAD, my sister who’s on my support every time she makes a planning mistake can change location, I can’t. I’m also not a Jedi chosen one to have useful options of “rebelling”.)

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  • ZILtoid1991@lemmy.world ⁨9⁩ ⁨months⁩ ago

    You mean those really cool conductive rubber dome over PCB with slider keyboards, right?

    Image

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  • NocturnalMorning@lemmy.world ⁨9⁩ ⁨months⁩ ago

    BTC also uses massive amounts of resources, and we have an impending climate crisis hands. Tell me, how is that useful to further the climate destabilization for whatever momentary convenience you think you have. We’re gonna be really sorry in 5-10 years as this thing accelerates. We are getting some seriously bad news in the scientific community right now bcz we are far outpacing even the most pessimistic studies on warming and CO2 output. We have dumbasses in charge who want to pretend climate change doesn’t exist.

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    • propitiouspanda@lemmy.cafe ⁨9⁩ ⁨months⁩ ago

      There are other cryptocurrencies without the overhead of bitcoin. Bitcoin is actually a really shitty implementation in regards to efficiency.

      Cryptocurrency as a concept is incredibly useful and as time goes on it will likely be how most business is done.

      Governments just aren’t as good at regulating currency as computers. Look at inflation on the US dollar.

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    • rottingleaf@lemmy.world ⁨9⁩ ⁨months⁩ ago

      BTC has an unregulated currency (yes, it still is capable to function as that) to show for it. Probably somebody could have invented a better emission mechanism for it, but not being that somebody, I can’t think of anything with the same qualities.

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      • NocturnalMorning@lemmy.world ⁨9⁩ ⁨months⁩ ago

        Its called paper money, every country has a currency they use to exchange goods and services.

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  • Luffy879@lemmy.ml ⁨9⁩ ⁨months⁩ ago

    BTC is useful though.

    Btc is not a reliable payment system. It is neither stable, nor is it in any way anonymous. So if everyone would start using Btc, I could track everyones every move.

    Or in better words: ever heard about Monero?

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    • rottingleaf@lemmy.world ⁨9⁩ ⁨months⁩ ago

      I know it’s not anonymous.

      It has the widest reach of cryptocurrencies.

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  • WanderingThoughts@europe.pub ⁨9⁩ ⁨months⁩ ago

    It’s the deregulated part that’s an issue when people lose their life savings and nobody can help them because no regulations.

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    • rottingleaf@lemmy.world ⁨9⁩ ⁨months⁩ ago

      It’s a technical decision. There are so many things in life where you can lose everything in a moment without a fraction of your own guilt, and nobody can help you.

      Thanks to that technical decision BTC still functions the way I described.

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