this post was submitted on 28 Apr 2021
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Privacy

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"Cryptocurrency is one of the worst inventions of the 21st century. [...] It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere. Fuck cryptocurrency."

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[–] [email protected] 11 points 3 years ago (7 children)

This is the case with crypto currencies such as Bitcoin or Ethereum which are mostly used for trading rather than actually being used for trading. There is a French project for a non-energy consuming crypto-currency that puts the human at the centre of the currency. Don't hesitate to have a look at the official website. https://libre-currency.org/

[–] [email protected] 4 points 3 years ago (2 children)

which are mostly used for trading rather than actually being used for trading.

??

[–] [email protected] 2 points 3 years ago

At a guess, I think that means that they're used as commodities to be traded, rather than used as a means of exchange of goods/services (trading)

[–] [email protected] 2 points 3 years ago

Fucking translator ^^ What I meant was that this currency is more for trading (selling items and services) rather than for investment and enrichment.

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