Re:Mozilla Foundation pausing cryptocurrency donations
by input_sh on Thursday January 06, 2022 @04:34PM
(#29830559)
I mean, sure, but replacing it with another ponzi scheme with even less checks and balances isn't really gonna solve anything, but make things worse.
Re:Mozilla Foundation pausing cryptocurrency donations
by nicbou on Friday January 07, 2022 @07:36PM
(#29847132)
"The breaks occasionally fail, so we did away with them"
Re:Mozilla Foundation pausing cryptocurrency donations
by kyleee on Thursday January 06, 2022 @04:27PM
(#29830458)
Ironcially backed by an ungodly amount of violence and emissions
Re:Mozilla Foundation pausing cryptocurrency donations
by pygy_ on Thursday January 06, 2022 @04:52PM
(#29830793)
That's crypto's weak point. Blockchains are effective as long as gun toting folks let the miners mine.
I'd be surprised if Uncle Sam decided to drop the dollar and lose the influence it provides.
Re:Mozilla Foundation pausing cryptocurrency donations
by phatfish on Thursday January 06, 2022 @05:50PM
(#29831672)
The US will never "drop the dollar" while it continues to exist as a nation. Why would the US government allow a system they don't control to run their economy?
A blockchain based "e-dollar" is certainly possible, but Bitcoin will forever be a hugely wasteful online casino.
You want to talk about Ponzi? Crypto has nothing on the Fed. The global financial structure is a planet-incinerating Ponzi scheme, so the point of targeting one minuscule subset of it is suspect.