...cryptocurrencies suffer pump-and-dump schemes, wash trading, enable a $5.2B/year ransomware industry, have disrupted supply chains for GPUs, hard disks, SSDs and other chips, have made it impossible for web services to offer free tiers, and are responsible for a massive crime wave including fraud, theft, tax evasion, funding of rogue states such as North Korea, drug smuggling, and even armed robbery, kidnapping, torture and murder.
Well when you put it that way...
https://blog.dshr.org/2022/02/ee380-talk.html
"Libertarianism's attraction is based on ignoring externalities."
Essentially correct, libertarianism ESSENTIALLY DENIES THE EXISTENCE of externalities.
@mcfate he does mention it but had to sacrifice to get under the post character count. The energy and e-waste issues arguably dwarf the other problems.
There is literally nothing about this entire enterprise that is not terrible, I deplore the whole thing.
@mcfate I add to it's faults the ability to seduce folks into seeing a mirage of credibility in the haze. It should be readily apparent that bitcoin financial structure is ponzi-ish. And the new-for-21st century blockchain is just...bad.
It all has some kinda glamor for some folks? Dunno.
When I become Benevolent Despot For Life, anyone dabbling in cryptocurrencies is getting sentenced to ten years teaching boating safety to bored apes.
@b4cks4w pretty sure all other forms of currency have been used in this way at some point too.
(Shrugs) will think on it I guess
@b4cks4w
The massive carbon footprint resulting from the monumental amount of squandered energy, you forgot that.