17 years*
cross-posted from: lemmy.blahaj.zone/post/3791302…
mastodon.online/@FranckLeroy/1…
Franck Leroy (@FranckLeroy@mastodon.online)
Exactly 14 years ago , Satoshi Nakamoto designed the most pathetic / inefficient system ever invented by humankind : the blockchain.Franck Leroy (Mastodon)
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jonathan7luke
in reply to Sine_Fine_Belli • • •like this
LostWanderer and SolacefromSilence like this.
qkall
in reply to jonathan7luke • •Science Memes reshared this.
underisk
in reply to jonathan7luke • • •Goodeye8
in reply to jonathan7luke • • •Bitcoin never had the US economy dependent on it. It will slowly fizzle out as people realize their monopoly money becomes worthless when nobody wants to buy it.
AI on the other hand doesn't have luxury of fizzling out because the economy is dependent on it.
chemical_cutthroat
in reply to Sine_Fine_Belli • • •I'm glad I blocked the blahaj.zone instance just to get it crossposted into a barely relevant community.
...sigh. Here I go blocking again.
gigachad
in reply to chemical_cutthroat • • •RedSnt 🧩♂️👓🖥️
in reply to chemical_cutthroat • • •Mythra
in reply to Sine_Fine_Belli • • •The dollar loses its centralization and I consider that a good thing.
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Benign likes this.
FireRetardant
in reply to Mythra • • •This is a big part of it. Its about decentralization. Currently it has a massive environmental impact, but as renewable energy and better cooling technology develops, decentralized cryptocurrencies could be better than fossil fuel invested banks.
The decentralized nature does mean that sometimes criminals can use it, but some countries will consider you a criminal based on the color of your skin.
Matty Roses
in reply to FireRetardant • • •MadMadBunny
in reply to Sine_Fine_Belli • • •zd9
in reply to Sine_Fine_Belli • • •It was never meant to be used in this way at this scale though. He put out a new method/paradigm and that was that. It was the asshole investor tech bros that destroyed the planet once they learned of it.
Just like anything, almost no tech or thing is inherently bad, but it becomes bad when the ruling class get their greedy grimy little grimy in it.
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Tehdastehdas
in reply to zd9 • • •FauxLiving
in reply to Tehdastehdas • • •psx_crab
in reply to Sine_Fine_Belli • • •far_university1990
in reply to psx_crab • • •OpenStars
in reply to far_university1990 • • •Starski
in reply to OpenStars • • •"Checkers"
"I think you mean checkmate, dumbass"
glibg10b
in reply to Sine_Fine_Belli • • •What's worse is that there are modern alternatives that can process hundreds of transactions per second without any mining at all
But Bitcoin people don't care about that because they don't use Bitcoin for actual payments, they use the price to pump their bags
yogurtwrong
in reply to glibg10b • • •What is the modern alternative for decentralized, eco friendly money?
I know monero is praised a lot by the people of penguin but that one also requires mining.
JayDee
in reply to glibg10b • • •purrtastic
in reply to Sine_Fine_Belli • • •