cryptocurrency

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[ask fedi] Why do people hate crytocurrency? (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

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Considering recent incidents on Mozilla and Ubisoft, why do people hate cryptocurrency so much?

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

I don't hate it. We need a digital asset that serves the function of physical cash for digital transactions. Crypto offers a very elegant solution. From what I have read, the nano foundation (nanocurrency) is currently the most focused group pushing to make this a reality in practice. I think that people dislike crypto because most of its value comes from speculation. People buy it because they think that the price will go up. The technology is far from perfect but I think that we need to start somewhere.