Comment on Sovereign Computing | Start9

halm@leminal.space ⁨1⁩ ⁨month⁩ ago

• xep@fedia.io ⁨1⁩ ⁨month⁩ ago

  Nobody can stop you from spending your money as you see fit, 24/7/365, from anywhere, to anywhere, instantly, and for free.

  Except it's not.

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  • halm@leminal.space ⁨1⁩ ⁨month⁩ ago

    I mean, that quote is truer for any regular currency than it is for shitcoin. The only unique thing about cryptocurrency (and especially POW ones) is that it’s flushing the environment down the drain even quicker than bog standard hypercapitalism. And still you can’t use your fucking monopoly money to buy a bottled water.

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    • bastion@feddit.nl ⁨1⁩ ⁨month⁩ ago

      Not “especially”, but “specifically” POW. I don’t agree about their worthlessness, but even if I did, it’s POW that’s shitting on the environment, not other systems.

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      • halm@leminal.space ⁨1⁩ ⁨month⁩ ago

        You say that with such certainty, as if proof of stake schemes won’t simply be a greenwashing alibi for accelerating validation of currencies using them, to the point of the same carbon footprint as POW.

        You’re simply wrong to say that POS is without environmental impact, even Ethereum’s carbon reductions were only that (and not nearly as high as they claimed).

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