I’m a big Monero fan because I love liberty, but Proof of Work use too much electricity. However it’s the best for security as for now. I really believe that cryptocurrencies (and blockchain) are good for the future, it meant to empower people, the true people not the banks and big corporation. Obviously nothing went as excpected but we’re only at the start of a new financial system. I recently discover Nano, SolarCoin and other “sustainable” cryptocurrencies. So I thought maybe the future can be good for both world, no need of central banks to hold funds (and invest in fossil fuel, money laundering and wars), individuals and communities could handle their funds, makes transactions without third parties involved, people could heat their houses and mine (or whatever it does) with solar energy, Solar Optimal mining of XMR for exemple is a super idea in my opinion. Why not using Wind energy to secure the network, validate the transactions etc… Does anyone already wrote stuff on a perfect cryptocurrency for a solarpunk society ? Also does Nano and SolarCoin looks legit to you are are these just greenwashing shitcoins ?

    • SonalderOP
      1•2 years ago

      Yes Monero PoW spends much, Monero is better than Bitcoin in almost every aspect. You made an interesting point with transparency, Monero has View Keys which allow transparency on the transactions.

      Will look at Circles thanks. Could you elaborate on why it slows down big infrastructures autonomy ?

      I don’t fully agree with you on your verdict but I got your point and respect it. Thanks for your sharing, was really nice to read.

  • @greengnu@slrpnk.net
    1•10 months ago

    hmmm, interesting question.

    As currencies only work if they serve as mediums of exchange that is widely acceptable in exchange for goods and services. It would have to provide a value that everyone wants/needs. Traditionally governments used taxes to create the initial baseline demand for their issued currency.

    The holding of a funds is a non-issue. (You might find Gnu Taler interesting https://taler.net/)

    The hard problem is who/what creates value in the desired society and how to fairly allocate the value to the members who contribute that value.

    • SonalderOP
      1•10 months ago

      After more deep diving into cryptocurrencies and especially Bitcoin I came to the conclusion that Bitcoin is the most Solarpunk cryptocurrency because it’s PoW favors super cheap energy which is energy that would be lost. Renewable energy potential is often not near people’s home (so it’s expensive to build the infrastructure necessary for people to get it where they lives). The other main problem with renewable energy is that it produce when there is little to no consumption. This way Bitcoin offers an incentive to develop renewable (which isn’t 100% clean but IMO necessary for a better future) and make it more profitable to do so. Also the deflationary nature of Bitcoin gives anyone an incentive to save rather than to spend which is part of the solution to end overconsumerism. The community and decentralized aspect of Bitcoin is also really solarpunk-like as it could revolutionize democracy and power authority. We could see in the future complementary local currencies indexed on Bitcoin rather than on USD (which is backed by weapons, oil and blood). Bitcoin will be backed by all the energy production on earth, “clean” energy.

      So with Bitcoin we could get renewable energy everywhere on earth where there is exploitable energy (could end the war that are caused by monopolized energy sources), make a generation wealth rather than individual wealth. It would be the end of control freak government as we know it… Fix the money fix the world as many bitcoiners likes to say.

      Obviously we need more than fixing money to get to a solarpunk utopia but if we drop the fiat based monetary system we will have a tons of problems disappearing.

      I liked the film Bitcoin is Generational Wealth to illustrate this solarpunk vision of Bitcoin potential future.

    • SonalderOP
      2•2 years ago

      I never look at nano until I saw this picture but I think it’s been there for 6 years now. After that I search for sustainable coins and found solarcoin.

        • @uthredii
          1•2 years ago

          I think Uniswap is a layer 2 on to of Eth, so as long as ETH continues to sue proof of work, it is very unsustainable.

    • @uthredii
      1•2 years ago

      You really need to use common sense and do your own research to be sure if they are a scam or not. Ask questions like:

      • does it solve a problem other than making the holders money?
      • is it distributed fairly?
      • who controls distribution/txn confirmation?

      If no problem is solved, or if a small number of entities are in control, then it is a scam.

      From what I know Nano is not a scam (~95% of coins were distributed for free through CAPTCHAS and there is no inflation (or fees)).

      • @meloo@lemmy.perthchat.org
        3•2 years ago

        For 95% of cryptos:

        does it solve a problem other than making the holders money? - no
is it distributed fairly? - no 
who controls distribution/txn confirmation? - basically 1 company

        I will investigate nano!

  • @poVoq
    1•1 year ago

    deleted by creator

  • @GuilhermePelayo@slrpnk.net
    1•6 months ago

    I think if the goal of the currency is not to convert to fiat or make money overall then crypto is pretty anarchist by itself as it allow to create parallel markets. I like the spin of SolarCoin but in the end it falls in the pit of other coins because its value is measured in fiat. Nano in my opinions has a couple of issues. The community can be a bit crazy at times, at the end of the crypto craziness I ended up leaving the nano sub on reddit about it because people there were a bit intense. Also, I think it needed more developer involvement at least at the time I last interacted with them. I don’t think there is anything wrong with proof of work, it’s a matter of power sources. Problem is that most currencies don’t care about energy sources.