Personally I am more bothered by the environmental impact that cryptocurrencies have than some cartels, but both are valid reasons to be against cryptocurrency. Also the whole crypro-bro culture and the number of scams with every new crypto is exhausting to keep up with.
Crypto scams are the new timeshare and reverse mortgage.
The legitimate uses of any financial vehicle should be regulated and scrutinized. Just because there are no government controls on the currency doesn’t mean fraud can’t be prosecuted.
Agreed, I’m talking about the general culture of it. I’m mostly bothered by the energy waste and unnecessary hardware manufacturing for mining…
Maybe if this was a token for distributed computing platforms like folding@home or something, and awarding a currency to incentivise that platform’s use? I don’t know…
Personally I am more bothered by the environmental impact that cryptocurrencies have than some cartels, but both are valid reasons to be against cryptocurrency. Also the whole crypro-bro culture and the number of scams with every new crypto is exhausting to keep up with.
P.S. I did not downvote you.
Crypto scams are the new timeshare and reverse mortgage.
The legitimate uses of any financial vehicle should be regulated and scrutinized. Just because there are no government controls on the currency doesn’t mean fraud can’t be prosecuted.
Agreed, I’m talking about the general culture of it. I’m mostly bothered by the energy waste and unnecessary hardware manufacturing for mining…
Maybe if this was a token for distributed computing platforms like folding@home or something, and awarding a currency to incentivise that platform’s use? I don’t know…
That would be nice.