I work with people who very very rich people listen to for financial advice. They're all very bearish on this shit. Get out while you can. If you don't, don't say I didn't warn you.
FWIW, I think cryptocurrency is actually pretty fucking cool. Keybase gave me a bunch of XLM as a promo a few years back, which at one point became worth something, so I transferred it to coins that were more, uh, resilient than Lumens. Tbh, I see a bright future for Stellar, they do most everything right. Like, the speed and cost of transactions? Wow. And you can do NFTs on Stellar. And it's proof-of-stake, so not ecological terrorism.
But Ethereum and Bitcoin?
Yeah fuck that shit.
@email@example.com Ethereum does more than any other project to popularize the PoS idea. Many people are just ignorant about that.
@szecyna That's true, I'll give you that. But in effect all claims ETH make about PoS are hot air until they deprecate their PoW-based network, while other tokens are doing PoS already. So long as PoW is in use by ETH, it's still part of the problem.
@firstname.lastname@example.org Ok, I understand the point. Switching Ethereum to PoS is a technically hard problem and the process is happening right now. But the ethereum community should be under pressure to speed up.
When I'm feeling particularly generous toward cryptocurrencies, I think of it as a good idea ruined by the worst aspects of finance.
It's like if the Wright Brothers built their flyer and two years later, there's a huge market on future passenger flights to the moon. There *might* be a Bitcoin descendant that's useful but this isn't it.
@andi I appreciate that the phrase "ecological terrorism" appears to have reversed its meaning
used to be we were supposed to be scared of the folks who want to protect the environment
Search for "Bitcoin vs political power" by a person called Stephan. Its not long.
Then come back and we can discuss more if you like.
If you're passionate about peace and sustainability check that video.
This is the personal instance of Andi N. Fiziks. Love me or hate me it's still an obsession 😘