Submitted 11 months ago by MTK@lemmy.world to showerthoughts@lemmy.world
Not the way it should be, but cool I guess
And I think with the advent of AI, the amount of energy crypto consumes is probably not as big of a deal anymore. Don’t get me wrong, it’s still an issue, I’m just saying in comparison to what AI will use it’s probably negligible.
I guess that’s the American way. Forget about your self-created problems with much larger self-created problems.
Not only that but proof of stake is a thing now. So not every crypto needs to have a nuclear plant worth of energy to be mined.
That was clear in 2020
The US economy is going TO THE MOON!! HODL!!!
DIAMOND HANDS!
Yeah, right after 2028
you’re an optimist
Isnt it more like USD is finally as stable as cryptocurrency?
Lol yes
Some people aren’t aware of order of incidence.
LFG!!! SNP500 🚀 🌕 📈
Pamp it!
Crypto is the new “Brooklyn Bridge”. More snake oil anyone?
Someone is a luddite. Crypto is now used by most banks and credit card companies for xfer.
The “tokenization” you hear credit card companies using like Mastercard is cryptography, but it isn’t cryptocurrency or blockchain. When people say “crypto” isn’t being used, they mean blockchain in this case.
Tokenization is when the number on your payment card is replaced with a ”stand-in” number that is saved in your phone or watch or the merchant’s site where you register your card. Tokenization protects your account by using that token instead of your real card number, which the merchant never sees or stores.
Presumably you’re talking about CBDCs, but it’s not what you claim. It’s a state issued currency from a central bank and only some countries have adopted it, while others have rejected it. It is not applied across the board or used to transfer/exchange currencies in any way. A lot of them also do not even use distributed ledgers or blockchain. In the USA, some states have even banned the use of CBDCs.
Where did you het this made up fantasy from?
Except no it’s absolutely not. They use systems such as ACH and the Federal Reserve Wire Network. For international transfers, they use systems like the SWIFT network.
Why add a crypto middleman to transactions like those?
hark@lemmy.world 11 months ago
It’s even moving along with the ups and downs of the stock market lately. It’s almost as if the same rat bastards got control of both.