this post was submitted on 09 Jan 2022
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Asklemmy
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Bitcoin should have led to global currency reform, for a start. That failed. It could still lead to energy reform and other important societal progress. But regulation and other factors are killing it.
Bitcoin and its alternatives could never have been a currency. It's eminently unsuited to that role. (It's great for Ponzi schemes, extortion schemes, and other criminal enterprises mind.) And how does "using more energy than a medium-sized nation while doing three orders of magnitude fewer transactions than even ONE payment processor" translate to "energy reform"?
Please, dude, stop being a cryptobro. It's a really bad look.
I've spent too much time explaining currency theory to purple who aren't really interested. So if you have a specific question I can answer it. But not many questions and not a debate.