Just got very lightly flamed by another user for making fun of crypto and was told that Lemmy and crypto have “the exact same advantages and disadvantages”. Now I disagree heavily there, since even if it shares some principles I’d argue that the scale of the problems change when you’re talking about a global finance system versus a social media platform filled with beans. But it did get me curious- how many of you are crypto supporters?
Step right up folks, get your hot hot takes here!
Real cryptocurrencies (of which bitcoin is the only one, don’t @ me) I think are fine and worthwhile projects. 99% of the rest of the crypto sphere is straight up snake oil, and anyone saying any different is probably trying to sell you something.
The difference with the fediverse is that its main appeal is actually the decentralization and censor resistance, not the boatloads of speculative money to be made. The “entrepreneurs” seeing dollar signs is what made crypto into a joke, so hopefully we can avoid that for a while.
Almost exactly my take on it. I just include monero.