715

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

367 comments fedilink hide all child comments

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

F that

you are viewing a single comment's thread
view the rest of the comments

[-] blind3rdeye@lemm.ee 5 points 3 months ago

I liked the idea for awhile as well. But for me, learning about the "proof of work" underpinning is what changed my mind. That - and the fact that cryptocurrency does not actually have any of the strengths that it claims to have. It's definitely and interesting idea... but in practice it's all just scams and incentivised waste.

[-] deafboy@lemmy.world 0 points 3 months ago

That's interesting. I've initially written it off as a scam. Until I've learned about the proof-of-work.

this post was submitted on 04 Aug 2024

715 points (87.0% liked)

Technology

59623 readers

1514 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS