Können wir bitte Umwelt- und Volkswirtschaftschädliche Kryptowährungen einfach verbieten? Danke.


"Cryptocurrency is one of the worst inventions of the 21st century. [...] It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere. Fuck cryptocurrency."

@vincentux @v0tti

Sorry, but what you are referring to as "crypto" is actually "currencies" or "cyber-currencies" or "cyber-ponzi" if you will



@jz @vincentux @v0tti Ğ1 is monnaie libre (free currency) as a contrast to "debt currency". The US dollar, bitcoin, and any currency implementation that does meet the axioms of economic freedom are classified as debt currencies. Additionally, crises, speculation, "enslavement through missing interest" are some of the problems caused by debt currencies.

Ğ1 also does not have miners nor does it have a power race.

@v0tti which promising projects did it ruin? That's the one item on the list I'm not familiar with.

@polychrome @v0tti from the article I think it means that any site providing processing cycles to users has to be locked down hard.

@v0tti well, to be fair with cryptocurrencies, that only true for those stupid enough to incentivize mining by making money generation depend on proof-of-work... (yes BitCoin, we're looking at you).
There are plenty of alternatives that are much better, such as Nano or (even better) G1

@v0tti instead of proof-of-work we now have proof-of-storage with the new Chia crypto chia.net/ Be ready for a shortage of HDD and SSD ( already started here in Asia ) . Already 482PB wasted since its launch on march 19th

@v0tti can say almost the same thing about Internet. Literally, just replace "cryptocurrency" with the "internet": enriched the rich, waste of electricity, climate change, hundreds of scams, bla bla bla. Blockchain is very young and complicated technology, give it some time 😉

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