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Bitcoin is Stupid and Does Not Deserve an Emoji (blog post) (thedabbler.patatas.ca)

submitted 4 months ago* (last edited 4 months ago) by smallpatatas@lemm.ee to c/technology@lemmy.world

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35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

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[-] TootSweet@lemmy.world 16 points 4 months ago

I don't know how I could possibly have been more explicit about it not yet being ready for any real-world use cases than I was.

[+] radamant@lemmy.world -8 points 4 months ago

It will never be ready. It doesn't even make sense. To transact with real fiat like the US dollar, you'll have to go through an official on-ramp and an off-ramp of the respective government. And to do an international transaction you'll have to use one of the widely accepted systems like SWIFT. GNU Taler doesn't appear to address anything like that. Anyhow, my comment was made with the premise of this whole thread in mind, i.e. "Bitcoin is stupid" or "snake oil". Yet there's no alternatives to what crypto provides. So is it that stupid after all?

[-] explodicle@sh.itjust.works 1 points 4 months ago

How wasteful!

Anyhow, today I'm going to resume using a currency backed by oil and nukes, which encourages consumption on purpose. I will then either exploit workers by investing in a for-profit business, or get poorer.

But someday, in the future, economics will work the way I expect them to. That's when I'll switch to something better!

[-] iopq@lemmy.world 2 points 4 months ago

Russia has had oil and nukes and it didn't stop the ruble from collapsing in the 90s

Maybe reexamine your assumptions

[-] explodicle@sh.itjust.works 0 points 4 months ago

Oil and nukes won't stop the dollar from collapsing either...

this post was submitted on 04 Aug 2024

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