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.
Comment on Tech moguls want to build a crypto paradise on a Native American reservation
NocturnalMorning@lemmy.world 1 day agoBTC 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.
rottingleaf@lemmy.world 1 day ago
NocturnalMorning@lemmy.world 1 day ago
Its called paper money, every country has a currency they use to exchange goods and services.
propitiouspanda@lemmy.cafe 1 day 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.