this post was submitted on 18 Oct 2024
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[–] [email protected] 29 points 1 month ago (2 children)

For all the talks about freedom and "decentralised" utopia the crypto bro cults spew all the time, they are really just obsessed with making absurd amounts of money fast. Their only motivation is greed.

Can't say I'm surprised some regard Dubai as a goal. They only see the rich man's club, they don't care about how the sausage is made.

[–] [email protected] 6 points 1 month ago

Yeah wtf. Seeing Dubai as the ultimate utopia is so weird.

[–] [email protected] 0 points 1 month ago (1 children)

Their only motivation is greed.

Gee, i'm so glad brick 'n' mortar banks are different... oh, wait...

[–] [email protected] 0 points 1 month ago (1 children)

Last time I checked, most individuals are not, in fact, banks.

[–] [email protected] 1 points 1 month ago (1 children)

Last time i checked banks and "regulating" bodies are run by, you guessed it, groups of individuals.

[–] [email protected] 1 points 1 month ago (1 children)

Which are not, by far, most people. I am not sure why you're bringing the subject of banks. Of course they're shitty and mostly run by bastards. Okay.

But cryptomoney people are not banks, or groups of individuals. They're individuals. And they're in it because of the "get rich quick" scheme and push others to get into the pyramid's lower levels, because that's how they might get richer. So they're either bastards or being conned, or probably both.

Proof of work is a power/hardware catastrophe, and proof of stake is entrusting power to the already rich again. Crypto is not a new economy model, it's a bad subset of the old one with fancy fake ideals.

[–] [email protected] 1 points 1 month ago

Most cryptocrrencies do seem scammy, i'll give you that,