“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.”

  • @hellsper@sopuli.xyz
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    fedilink
    23 years ago

    What are the disadvantages of cryptocurrencies?

    1: Scalability.
    2: Cybersecurity issues.
    3: Price volatility and lack of inherent value.
    4: Regulations.