No, people just don’t like crypto because it’s a huge waste of energy that has no use for the average person at the moment and is only used by rich people to get richer without much regulation. Don’t get me wrong, it might definitely be useful when used correctly in the future. Not wasting as much energy by ditching proof of work, becoming actually useful for normal transactions, etc. But right now it’s just an overhyped technology for obnoxious cryptobros.
I mean…I’ll go one further. I know there have been many historical “aged like milk” quotes, like about how much RAM computers need, but I’m still saying this in confidence: I don’t think that cryptocurrency or blockchains will ever have a useful purpose. Their design is built to solve societal problems, but introduces worse problems in implementing them. This goes well beyond just taking too much electricity.
They already have a useful purpose. Sending crypto is much easier than sending different currencies into different countries. The services exist, but they are prohibitively expensive if you’re sending like $50
Send Monero or something and it’s far easier and faster. You can exchange it for your own currency locally or just sit on it.
I’m sure meta or google energy usage is up there but i’ve yet to see someone complaining about mr.beast or cristiano ronaldo wasting energy with their videos.
or more like because the government doesn’t have problems with people keeping themself busy on entertainment vs them using a decentralized and open currency that can bypass financial institutions
I’m pretty sure the government isn’t forcing people to watch YouTube and neither of the people you mentioned are government employees, unless you’re concocting some elaborate Alex Jones-level conspiracy theory.
You seem to have same comprehension problems or to be in bad faith. Read carefully what i wrote, it’s nothing of what you said.
Trying to label everything as a conspiracy theory is something the government and propaganda have been doing excessively over the past years. You may not like it to hear it but every time cristiano ronaldo appears in state media and gets paid for it they are indeed working for the government. When the government put restrictions on youtube competitors such tiktok or when they use it to broadcast official events, they are indeed forcing you to use youtube.
That’s not the point of the discussion anyway: cryptocurrencies aren’t controlled by the government and hard to control by design, there lies the government interest to boycott them.
Yeah because they have a lot of servers. The problem is each individual web server does not use a lot of energy whereas each individual server running a crypto currency blockchain uses a lot of energy for that one server.
Nah, idiots bring shitty crypto propaganda and pretend it isn’t just an unregulated security pretending to be an alternative currency (that isn’t usable as a currency for regular people) while using more energy than entire nations, all for a giggle with a shit coin.
Are you sure you are not confusing propaganda with ads?
Cryptocurrencies are quite easy to use, the process to create a cryptocurrency wallet is much easier than the procedure required to create a bank account or a credit card and these days cryptos are widely accepted even as a currency.
Are you sure you are not confusing propaganda with what crypto is actually used for?
I don’t care how easy it is to set up a wallet. I cannot take my crypto and go down to the bodega and buy a sandwich. I can’t pay my rent with crypto. I can’t pay my utilities with crypto.
Crypto is not a usable currency for the vast majority of people.
Before the government enforced credit cards and made them mandatory it would have been really hard to buy a sandwich in bodega with a credit card too. Not sure where you live but these days in most places if you want you can literally pay with all sort of service, they have these big cash registers with the screen that accepts all soft of payment youtubers advertise for.
Crypto is not a usable currency for the vast majority of people.
There aren’t any limits that prevents the majority of people from creating a crypto wallet and using cryptocurrencies
I don’t care how easy it is to set up a wallet. I cannot take my crypto and go down to the bodega and buy a sandwich. I can’t pay my rent with crypto. I can’t pay my utilities with crypto.
There aren’t any limits that prevents the majority of people from creating a crypto wallet and using cryptocurrencies
This is why people laugh at you cryptobros. I literally tell you why it’s not a usable currency and you tell me it totes is.
Go back to speeding up climate change with your fake currency and stop trying to pretend normal people are using it to for anything other than unregulated securities trading.
Go back to speeding up climate change with your fake currency
cryptocurrencies provides an open alternative to a centralized and rotten financial system that is at the core of consumerism and the speedrun of mankind into oblivion.
Yet it still isn’t a usable currency for normal people, and the usage of it is a (gross as well as net) negative to society is directly contributing to, to quote you, the “speedrun of mankind into oblivion.”
You practically use the energy output of a nuclear reactor to process transactions. So I think you’re the ones pushing the expediation of the human races extinction. What’s worse is your been obnoxious while doing it.
You practically use the energy output of a nuclear reactor to process transactions.
Every time you pay with your credit card or use an ATM the same thing happen, with the difference that you are not using a decentralized and open source service.
Is the government spreading anti-cryptocurrency propaganda or did lemmy got invaded by idiots recently?
No, people just don’t like crypto because it’s a huge waste of energy that has no use for the average person at the moment and is only used by rich people to get richer without much regulation. Don’t get me wrong, it might definitely be useful when used correctly in the future. Not wasting as much energy by ditching proof of work, becoming actually useful for normal transactions, etc. But right now it’s just an overhyped technology for obnoxious cryptobros.
I mean…I’ll go one further. I know there have been many historical “aged like milk” quotes, like about how much RAM computers need, but I’m still saying this in confidence: I don’t think that cryptocurrency or blockchains will ever have a useful purpose. Their design is built to solve societal problems, but introduces worse problems in implementing them. This goes well beyond just taking too much electricity.
They already have a useful purpose. Sending crypto is much easier than sending different currencies into different countries. The services exist, but they are prohibitively expensive if you’re sending like $50
Send Monero or something and it’s far easier and faster. You can exchange it for your own currency locally or just sit on it.
https://www.reuters.com/technology/california-dmv-puts-42-million-car-titles-blockchain-fight-fraud-2024-07-30/
I can almost see the monk smacking an orphan for holding the spoon in the wrong hand :D
This is actually part of government propaganda to discredit cryptocurrencies.
Lemmy servers consume energy too and half of the content is memes, i don’t see anyone complaining about it.
You can’t begin to imagine just how much energy cryptocurrencies use. A web server can never come close.
but AI model training can.
Pretty sure people have been shitting on AI pretty heavily as well, partly for those reasons (but also for several others).
I’m sure meta or google energy usage is up there but i’ve yet to see someone complaining about mr.beast or cristiano ronaldo wasting energy with their videos.
Maybe because people value entertainment more than invisible money that won’t help them anyway.
or more like because the government doesn’t have problems with people keeping themself busy on entertainment vs them using a decentralized and open currency that can bypass financial institutions
I’m pretty sure the government isn’t forcing people to watch YouTube and neither of the people you mentioned are government employees, unless you’re concocting some elaborate Alex Jones-level conspiracy theory.
You seem to have same comprehension problems or to be in bad faith. Read carefully what i wrote, it’s nothing of what you said.
Trying to label everything as a conspiracy theory is something the government and propaganda have been doing excessively over the past years. You may not like it to hear it but every time cristiano ronaldo appears in state media and gets paid for it they are indeed working for the government. When the government put restrictions on youtube competitors such tiktok or when they use it to broadcast official events, they are indeed forcing you to use youtube.
That’s not the point of the discussion anyway: cryptocurrencies aren’t controlled by the government and hard to control by design, there lies the government interest to boycott them.
Yeah because they have a lot of servers. The problem is each individual web server does not use a lot of energy whereas each individual server running a crypto currency blockchain uses a lot of energy for that one server.
Nah, idiots bring shitty crypto propaganda and pretend it isn’t just an unregulated security pretending to be an alternative currency (that isn’t usable as a currency for regular people) while using more energy than entire nations, all for a giggle with a shit coin.
Are you sure you are not confusing propaganda with ads?
Cryptocurrencies are quite easy to use, the process to create a cryptocurrency wallet is much easier than the procedure required to create a bank account or a credit card and these days cryptos are widely accepted even as a currency.
Are you sure you are not confusing propaganda with what crypto is actually used for?
I don’t care how easy it is to set up a wallet. I cannot take my crypto and go down to the bodega and buy a sandwich. I can’t pay my rent with crypto. I can’t pay my utilities with crypto.
Crypto is not a usable currency for the vast majority of people.
You can
^(but I admit that 95% of the time there is a payment middleman needed to convert crypto to fiat, just like Visa is a middleman)
So what you are literally stating is you cannot use cryptocurrency to pay you need to convert into some other actually accepted currency…
Also, have you ever been somewhere that is card only?
https://swissmoney.com/who-accepts-bitcoin-as-payment
Before the government enforced credit cards and made them mandatory it would have been really hard to buy a sandwich in bodega with a credit card too. Not sure where you live but these days in most places if you want you can literally pay with all sort of service, they have these big cash registers with the screen that accepts all soft of payment youtubers advertise for.
There aren’t any limits that prevents the majority of people from creating a crypto wallet and using cryptocurrencies
This is why people laugh at you cryptobros. I literally tell you why it’s not a usable currency and you tell me it totes is.
Go back to speeding up climate change with your fake currency and stop trying to pretend normal people are using it to for anything other than unregulated securities trading.
cryptocurrencies provides an open alternative to a centralized and rotten financial system that is at the core of consumerism and the speedrun of mankind into oblivion.
Yet it still isn’t a usable currency for normal people, and the usage of it is a (gross as well as net) negative to society is directly contributing to, to quote you, the “speedrun of mankind into oblivion.”
You practically use the energy output of a nuclear reactor to process transactions. So I think you’re the ones pushing the expediation of the human races extinction. What’s worse is your been obnoxious while doing it.
Every time you pay with your credit card or use an ATM the same thing happen, with the difference that you are not using a decentralized and open source service.
This is what the overwhelming majority of people believe. No offense, but were you spending a lot of time on r/Bitcoin?
The majority of people believes what the government makes them believe, so it make sense.