cryptocurrency

2575 readers

15 users here now

The largest cryptocurrency community on the Fediverse!

Lemmy community dedicated to cryptocurrency news, technicals, education, memes and so more!

💬 Chat on Community Improvements and Development

Community Knowledge Base:

Be nice, have fun.

Community rules:

No Spam
No ads
No aggressive coin promotion or attacks on others
No ICOs / IEOs / STOs / token (pre)sales / scam schemes promotion
No trading/buying crypto discussions
No promotion of trading groups, courses, signal groups, or other trade groups
No pumping and shilling
No casinos, giveaways, faucets, begging
No price speculation posts
No trolling

General lemmy.ml instance rules applicable here too.

Ugly brother of this community: bωockchain

For a community devoted to cryptography itself, visit c/cryptography

founded 5 years ago

MODERATORS

tracyspcy@lemmy.ml

mlsuyt@lemmy.ml

[ask fedi] Why do people hate crytocurrency? (lemmy.ml)

submitted 2 years ago by vi21@lemmy.ml to c/crypto@lemmy.ml

29 comments fedilink hide all child comments

Considering recent incidents on Mozilla and Ubisoft, why do people hate cryptocurrency so much?

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

[–] HiddenLayer5@lemmy.ml 1 points 2 years ago* (last edited 2 years ago)

I'm talking specifically in the context of types of cryptocurrencies most cryptoheads are fans of. These don't apply to things like China's Digital Yuan.

In no particular order:

Horrible for the environment.
Is partly responsible for the ongoing hardware shortage and scalping epidemic.
The epitome of capitalism: Playground for investors, essentially giant virtual casinos. Most cryptoheads seem to be fixated exclusively on the idea of making quick money without having to do any actual work.
Riddled with outright scams.
Unregulated, extremely unstable, and therefore almost useless for real financial transactions.