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

hm... it seems there is kinda power behind pow hysteria, I doubt that forces that push this narrative are about ecology or something like that, I suppose they just want to aggresively promote pos as alternative to pow. And transition to pos also eqivocal as it transfer all power over blockchain to very tiny group of super wealthy people... of course pow almost has same problem, but at least it requiries hardware not only money, that makes manipulation a bit harder.

Interesting topic about waste of energy in general, what is effective use of it? Are server farms working to provide tiktok videos or instagram photos to millions could be consider as effective use of energy or as energy waste?