this post was submitted on 20 May 2024
1598 points (97.2% liked)
Technology
59582 readers
4294 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Who cares? It's an open source tech. If people want to gamble on random shitcoins, that's not the fault of the technology.
There are probably 10000 worthless video games for every few that are good. That doesn't mean video games are terrible.
Also there are scams. But there are scams with the dollar too in fact many many more. People need to be aware and defend themselves.
It's almost impossible for me to feel any sympathy for people who bought NFTs. Really that's the fault of the buyer not the underlying tech.
Sure crypto is kinda terrible but you need to consider the alternative: state paper. It suffers all the same deficiencies but even worse. Literally destroying the planet.
To my understanding, the older cryptographic currencies are the energy consumers. Newer models have avoided the massive energy consumption. A.k.a Proof of Work vs Proof of Stake.