Re:On anti-crypto toxicity
by tablespoon on Wednesday April 20, 2022 @01:48PM
(#31100479)
> But cryptocurrency doesn't address any real problems.
...that aren't better addressed by other, existing technologies. There might be some weird corner cases where it makes sense, but that's not anywhere close to the "future of money" hype.
> This is a high ranking government official saying that bitcoin is helping solve a real problem. Can you at least acknowledge that maybe he's telling the truth? Or when the next bitcoin thread rolls around will you just repeat the same tired old complaint about no use cases?
Sure he's telling the truth. I'm not saying cryptocurrency can't be used to solve problems, what I'm saying it's not anything special as a solution and is often a pretty bad one.
If I add some horse-drawn carriages to my fleet of trucks, because I'm so desperate to haul the absolute largest quantity of something that I can that I'll do anything, that doesn't mean horses are the future of transport or are even a good transportation solution in the modern world.
...that aren't better addressed by other, existing technologies. There might be some weird corner cases where it makes sense, but that's not anywhere close to the "future of money" hype.
> This is a high ranking government official saying that bitcoin is helping solve a real problem. Can you at least acknowledge that maybe he's telling the truth? Or when the next bitcoin thread rolls around will you just repeat the same tired old complaint about no use cases?
Sure he's telling the truth. I'm not saying cryptocurrency can't be used to solve problems, what I'm saying it's not anything special as a solution and is often a pretty bad one.
If I add some horse-drawn carriages to my fleet of trucks, because I'm so desperate to haul the absolute largest quantity of something that I can that I'll do anything, that doesn't mean horses are the future of transport or are even a good transportation solution in the modern world.