A few days ago I posted about how Mozilla accepting cryptocurrency had created a stir, Mozilla has listened to people’s responses and is halting cryptocurrency donations until they review the current state of crypto to see if it is in line with their stance on the climate. They have said they will have an open and transparent process involving this.
Archive: https://archive.md/yTrel
people not understanding crypto, mad at crypto.
btc is not the only crypto, yet always the one used as an example for anti-crypto propaganda. and even if it was the only crypto, crypto overall use less electricity than conventional banking.
half the point of crypto is to not use the government/privately controlled banking system. anti-crypto activists getting mad at the wrong people and supporting the rich, because they were told to; by media, owned by the rich. awesome.
people up in arms over things they don’t understand is why the world is shit.
look, just because that’s what crypto was meant to be, doesn’t mean that’s actually what it is.
the unfortunate truth is that cryptocurrency’s value is so closely tied with the amount of fiat that people invest into it that it’s impossible for it to be a standardized form of currency. there’s too much legitimate money to be gained by convincing people to invest in it that it will never break free of that dependency. it’s the same with any token based system that makes it to market (which, believe me, is the real goal of most alt system currencies). once actual money got into the mix, the dream of a standalone digital market place died. the best way to get crypto back on track would be to pull it from outside investment opportunities and make it standalone again.
also bad for the environment etc… made a huge post about this already but there’s a lot of those things out in circulation now. they’re a very convenient ponzi scheme, and it’s due to a combination of being innately tied to market value + the fact that not many people understand them
i have to disagree with your last statement just a small bit. the world is shit because people have realized there’s much to be gained when everyone else doesn’t fully understand what you’re really doing
Then I more than welcome them to accept greener Cryptos only, which would eliminate all the most popular ones from the equation.
Conventional banking also does much more than just transactions.
The rich are the biggest Cryptos holders, it’s capitalism at its worst, unregulated capitalism.
I can only think of Elon Musk maniacally laughing on his coach while he caresses his white cat and prepares another tweet to maipulate crypto price and make thousands of working people loose money. True evil genious