this post was submitted on 24 Jun 2024
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proof-of-work blockchains. instead of a utopian decentralized currency we have a utopia for scammers and day traders, and uses a ton of energy at a time when we need to conserve to combat global warming.
All while aiming to be cash you can e-mail, and failing at that because its high volatility and low speed make it a completely artificial commodities market with nearly zero real-world applications. It's a technology that took off because Paypal is the devil and it is arguably worse.