It's time for us in the tech world to speak out about cryptocurrency

Re:It's time for us in the tech world to speak out about cry... by e9 on Sunday May 30, 2021 @05:35PM (#27337072)

It’s both. It’s not a scam in a sense that it is a store of value(digital property) to a small degree. But a scam in a sense that it can’t power every day transactions or day to day needs etc

[ Parent | on HN ]

Re:It's time for us in the tech world to speak out about cry... by synesso on Sunday May 30, 2021 @05:48PM (#27337181)

The early narrative around paying for coffee didn't pan out. But right now it is it's an extremely valuable global settlement system.

[ Parent | on HN ]

Re:It's time for us in the tech world to speak out about cry... by ertian on Sunday May 30, 2021 @06:01PM (#27337295)

There are a dozen different approaches to solving the bandwidth problems. IMHO, it's safe to say one or more will succeed.

[ Parent | on HN ]

Re:It's time for us in the tech world to speak out about cry... by e9 on Sunday May 30, 2021 @09:17PM (#27338849)

Pretty much all of them require to do transactions outside of Bitcoin network and making parts of the system more centralized and more vulnerable.

[ Parent | on HN ]

Re:It's time for us in the tech world to speak out about cry... by tuesdayrain on Sunday May 30, 2021 @06:08PM (#27337351)

>But a scam in a sense that it can’t power every day transactions or day to day needs etc

It's not supposed to. No need for a permanent ledger to store cheap day-to-day transactions.

[ Parent | on HN ]