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0 pointscrooked-v7y ago0 comments

Of course, the standout thing about cryptocoin by comparison is that there's no real useful work resulting from all the absurd amounts of electricity being used to mine it.

0 comments

deepnet7y ago

Don't so easily underestimate the longterm utility of money outside government and corporate control.

Centralised money, like dictatorships, is only good when benevolently ruled.

For the majority, money is wielded more against than for their interests.

gazarsgo7y ago

I'm reasonably skeptical of cryptocoin but I think it's absurd to judge utility of a work product so soon.

TeMPOraL7y ago

They have some utility, if you're willing to ignore the majority use case (get-rich-quick schemes), but ultimately, they're like decorating by hanging pictures on quadcopters instead of nailing them to the wall. The pictures are technically hanged, but it's kind of a dumb use of energy.

DmenshunlAnlsis7y ago

Yeah, it’s only been about a decade right? :|

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