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this post was submitted on 18 Oct 2024
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Last time I checked, most individuals are not, in fact, banks.
Last time i checked banks and "regulating" bodies are run by, you guessed it, groups of individuals.
Which are not, by far, most people. I am not sure why you're bringing the subject of banks. Of course they're shitty and mostly run by bastards. Okay.
But cryptomoney people are not banks, or groups of individuals. They're individuals. And they're in it because of the "get rich quick" scheme and push others to get into the pyramid's lower levels, because that's how they might get richer. So they're either bastards or being conned, or probably both.
Proof of work is a power/hardware catastrophe, and proof of stake is entrusting power to the already rich again. Crypto is not a new economy model, it's a bad subset of the old one with fancy fake ideals.
Most cryptocrrencies do seem scammy, i'll give you that,