1759
Cryptoflation
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Dec 2023
1759 points (98.5% liked)
Microblog Memes
10442 readers
562 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
RULES:
- Your post must be a screen capture of a microblog-type post that includes the UI of the site it came from, preferably also including the avatar and username of the original poster. Including relevant comments made to the original post is encouraged.
- Your post, included comments, or your title/comment should include some kind of commentary or remark on the subject of the screen capture. Your title must include at least one word relevant to your post.
- You are encouraged to provide a link back to the source of your screen capture in the body of your post.
- Current politics and news are allowed, but discouraged. There MUST be some kind of human commentary/reaction included (either by the original poster or you). Just news articles or headlines will be deleted.
- Doctored posts/images and AI are allowed, but discouraged. You MUST indicate this in your post (even if you didn't originally know). If a post is found to be fabricated or edited in any way and it is not properly labeled, it will be deleted.
- Be nice. Take political debates to the appropriate communities. Take personal disagreements to private messages.
- No advertising, brand promotion, or guerrilla marketing.
Related communities:
founded 2 years ago
MODERATORS
I treat it like a security for now. I'd like to use it as a currency at some point in the future after it has more widespread adoption. I see it kind of like the internet in the late 80's/early 90's right now.
I'm not an expert on the technical hurdles, but I think the lightning network can resolve most scalability problems.
I can't speak for everyone, but I have faith it won't go to zero because I think it solves a real problem and that people find it useful. As a crypto it is unique because it has first mover advantage and is completely decentralized. And the longer it's around, the less likely it is to go to zero.
What problem exactly does it solve?
It's secure and it's decentralized. No other currency offers both. If you don't mind trusting banks and governments to manage the money system its not a big deal. But when they fuck it up, it's the average person that suffers. Taking that power away from them is good for humanity in my opinion.
Now let's talk about how good for humanity its carbon footprint is.
https://www.nrdc.org/stories/crypto-has-climate-problem
Note, that's from February of 2022. The problem has only grown since then.
It isn't secure: web3isgoingreat.com
And decentralisation is not something you want from a currency. All money used to be decentralised. Now we are encountering the same issues with crypto as we have had in the past with real money.
It is basically reinventing the wheel while claiming wood is the better material for the spokes.