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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".

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[-] shortwavesurfer@lemmy.zip 17 points 4 months ago

That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.

[-] sugar_in_your_tea@sh.itjust.works 10 points 4 months ago

Exactly. Most cryptocurrencies are scams, but a handful are fantastic. Ethereum is cool for being proof-of-stake (so no high-energy mining), and Monero is cool for being super privacy-oriented. There are a handful more, but honestly, if you stick with Bitcoin, Ethereum, and Monero, you'll be fine.

[-] shortwavesurfer@lemmy.zip 3 points 4 months ago

That's pretty much exactly my thought. I hold a very very small amount in Polygon, but only in order to pay the gas fees for the Polygon network. So I never have more than a few US dollars worth in it at a time.

[-] sugar_in_your_tea@sh.itjust.works 2 points 4 months ago

Yeah, I basically just do Monero, and I use it as a spend account and use it anywhere it's accepted. I don't invest in any cryptocurrencies because I don't think cryptocurrencies have positive expected return (it's all hype), so I keep the amount of crypto I have small.

[-] Mubelotix@jlai.lu 8 points 4 months ago

Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash

[-] shortwavesurfer@lemmy.zip 1 points 4 months ago

That's true. I suspect the application programming is the only reason that it actually took off.

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

I wouldn't argue with that. I was mostly generalizing.

this post was submitted on 04 Aug 2024

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