this post was submitted on 03 Oct 2023
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[Outdated, please look at pinned post] Casual Conversation
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From an IT perspective, blockchain technology is a solution in search of a problem. From an environmental perspective, crypto is a disaster. From an economical perspective it's too unstable to be anything but gambling.
Buying drugs over the internet is the only real reason crypto currencies can be useful. Hell even in person it's better to use cash.
Maybe that's the only use case but it is fucking good at it. Amazingly good
Besides cash could be removed by govs to 'protect us'
And obviously cash cannot be used over distance
Cryptography gives power to the people. US even wanted cryptography banned at some point but it turned out not feasible so they pretended they changed mind
Lemmy is another thing that gives me hope in the future