It gives people with already too much money a way to invest by gambling without actually helping society.
At least LLMs produce something, even if it’s slop, all crypto does is… What does crypto even do again?
Honytawk@feddit.nl 7 months ago
baguettefish@discuss.tchncs.de [bot] 7 months ago
for the biggest crypto investors it isn’t even really gambling. they use celebrities to hype a memecoin and then rug pull and split the profits harvested from the celebrity’s fans.
xiwi@lemmy.dbzer0.com 7 months ago
Crypto does drug sales and fraud!
echodot@feddit.uk 7 months ago
It also makes it’s fans poorer, which at least is funny, especially since they never learn
SeptugenarianSenate@leminal.space 7 months ago
Blockchain m8 gg
prole@lemmy.blahaj.zone 7 months ago
Monero allows you to make untraceable transactions. That can be useful.
1rre@discuss.tchncs.de 7 months ago
Sure, Monero is good for privacy-focused applications, but it’s a fraction of the market and the larger coins aren’t particularly any less tracable than virtual temporary payment cards, so Monero (and other privacy-centric coins) get overshadowed by the garbage coins.
Same with AI, where non-LLM models are having a huge impact in medicine, chemistry, space exploration and more, but because tech bros are shouting about the objectively less useful ones, it brings down the reputation of the entire industry.