cryptocurrency

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

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

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

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[–] JoeBidet@lemmy.ml 0 points 2 years ago (1 children)

Ah! So it's an ecocidal ponzi-scheme that replaces a financial elite by another one, is full of scams, gives false hopes of decentralizaion and anonymity, raises de price of electronic components worldwide... buuuut... it makes some of them save a few bucks every now and then. I guess it makes it OK then.... :)

[–] dessalines@lemmy.ml 0 points 2 years ago

Proof of Work is the real culprit there, a lot of the 3rd generation (or whatever we're on) cryptos use Proof of Stake, which doesn't waste energy and destroy the environment by solving pointless math problems to validate transactions.