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Bitcoin is Stupid and Does Not Deserve an Emoji (blog post) (thedabbler.patatas.ca)

submitted 3 months ago* (last edited 3 months ago) by smallpatatas@lemm.ee to c/technology@lemmy.world

54 comments fedilink hide all child comments

35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

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[–] TootSweet@lemmy.world 0 points 3 months ago (2 children)

Cryptocurrency is speedrunning ruining everything. We might as well have a laugh at the cryptobros' expense in the meantime.

[–] mp3@lemmy.ca 0 points 3 months ago (1 children)

I loved the concept at first, the idea of a decentralized currency all handled by encryption, and transactions permamently stored in a public ledger for all to see.

Then the cryptobros and the scammers caught wind of it and it's all downhill from there.

[–] TootSweet@lemmy.world 0 points 3 months ago (2 children)

If you want the name of a payment techology that isn't snake oil, isn't blockchain-based, isn't a cult, doesn't claim to be a currency, doesn't work on proof-of-work or proof-of-stake, but actually does provide certain privacy guarantees for your basic purchasing needs, is cryptographically secure, and can be used with only FOSS, I recommend looking into GNU Taler.

The only downside is that it's not really supported anywhere at all yet. But I do hope it becomes a real thing some day.

[–] index@sh.itjust.works -1 points 3 months ago

isn’t blockchain-based, doesn’t work on proof-of-work or proof-of-stake

These things weren't introduced as a gimmick they are used to solve specific problems.

[–] radamant@lemmy.world -2 points 3 months ago (2 children)

Please describe how I can send the money to my mom in Russia (disconnected from SWIFT) with GNU Taler today. I'll wait.

[–] TootSweet@lemmy.world 0 points 3 months ago (1 children)

I don't know how I could possibly have been more explicit about it not yet being ready for any real-world use cases than I was.

[–] radamant@lemmy.world -1 points 3 months ago

It will never be ready. It doesn't even make sense. To transact with real fiat like the US dollar, you'll have to go through an official on-ramp and an off-ramp of the respective government. And to do an international transaction you'll have to use one of the widely accepted systems like SWIFT. GNU Taler doesn't appear to address anything like that. Anyhow, my comment was made with the premise of this whole thread in mind, i.e. "Bitcoin is stupid" or "snake oil". Yet there's no alternatives to what crypto provides. So is it that stupid after all?

[–] index@sh.itjust.works -1 points 3 months ago

lol the downvotes. your mom is clearly evil and doesn't deserve any money

[–] index@sh.itjust.works -1 points 3 months ago

I would rather point my finger at wall street or financial institutions not at the tools that offers a viable option to avoid these