Ryan Grim
@ryangrim
The problem I have tearing crypto apart is that I don’t really understand it technically at all detailed level. My objections are all philosophical. It uses up a ton of energy so people can speculate and do arbitrage. How is that worth it? I’ve used it to pay journalists in Afghanistan and appreciate that but I’d rather all this energy be spent ending sanctions. What am I missing?
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einsi.eth
@einar
Crypto is mainly used by gambling addicts. Most of it has no real use case and is just blocking us in focusing on what matters. Bitcoin is a monetary system designed to do a better job then what we have today. Good money should increase on value over time. Just like the internet, it will become easier to use with time. There is an insane mount of people that work for banks today that will soon replaced with AI and on-chain, verifiable, transparent processes. When you take into account all the energy it takes to run banks, it’s veichles and the whole circus around it, it’s peanuts next to the energy usage for a more superior monetary system.
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