• Tetra@kbin.social
    link
    fedilink
    arrow-up
    13
    arrow-down
    3
    ·
    9 months ago

    All crypto is essentially designed around competition for who gets to be the one mining it. Things escalate, and that’s how you end up with these ridiculous crypto farms that use as much power as entire cities. No crypto currency is “green”. And UNLIKE cars, lights or banking, crypto serves no purpose, it’s currency that doesn’t get spent, it’s basically just there to fuel speculation for tech bros.

    Crypto is a complete waste of energy, it’s not ‘big money spinning Bitcoin as negative’, it’s just objectively idiotic, don’t listen to that comment.

    If you haven’t, I recommend watching Dan Olson’s documentary “Line Goes Up” on Youtube.

      • Tetra@kbin.social
        link
        fedilink
        arrow-up
        7
        arrow-down
        1
        ·
        9 months ago

        Difference is that crypto is barely even a currency, it’s basically just a vehicle for speculation. Visa is actually useful.