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Bitcoin is Stupid and Does Not Deserve an Emoji (blog post) (thedabbler.patatas.ca)

submitted 3 months ago* (last edited 3 months ago) by smallpatatas@lemm.ee to c/technology@lemmy.world

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35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

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[–] shortwavesurfer@lemmy.zip 2 points 3 months ago (2 children)

Fine, go after the industries that are doing more, such as industrial processing for making glass and other things that require high temperatures, the global transportation industry, etc.

[–] cygnus@lemmy.ca 5 points 3 months ago (1 children)

Why would I "go after" an industry producing something useful, rather than grifters powering GPUs to do absolutely nothing of value? We can get to the glass industry once we've culled the useless garbage first.

[–] shortwavesurfer@lemmy.zip 1 points 3 months ago (1 children)

Monero is CPU based. And actually we are providing something of value in that we are providing a private currency not controlled by any government where no government can tell you you can or cannot use it because they have no power to stop you from doing so. Now, whether you believe that is something we need in this world or not is a different value set.

[–] alcoholicorn@lemmy.ml 1 points 3 months ago (1 children)

no government can tell you you can or cannot use it because they have no power to stop you from doing so

I mean they can kick down your door and seize or hack your PC. That threat is enough to stop most people, making the currency pretty useless in countries that have cracked down on it.

[–] shortwavesurfer@lemmy.zip 3 points 3 months ago* (last edited 3 months ago)

If the goons are kicking down your door, there's not a whole lot you're going to be able to do to stop them from doing so, because they will find something against you. On average, the typical US adult commits three felonies per day. So if they want you, they will get you. Obviously, that's done by making more and more things illegal to make more and more people criminals.

[–] explodicle@sh.itjust.works 1 points 3 months ago

Why should we care what they go after? If they regulate or tax mining, that's just a difficulty adjustment that won't impact our security budget.

There's a Pareto improvement to be had here.