this post was submitted on 24 Jul 2025
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I don't see why people hate on crypto. It's an amazing technology, fully decentralized, with mathematical proof that no one can cheat or abuse it.
Crypto 100% can be abused.
Fiat currencies can be abused too.
And I know, I know, crypto is used for scams, but does that make it any less valuable for you? I assume you don't scam people.
Edit: also wdym by "abused"?
I meant scams, rent seeking behavior by minors and payment processors, using bitcoin as an investment rather than for its utility as a currency.
Then there is the environmental issue from back when all the mining was done and what it did to GPU prices.
Minors got too much power, which is why they aren't releasing the Epstein files.
Oh, miners is what you meant.
I don't have any issues with crypto, but it's more so the people who promote it. They tend to be techno-billionaires Who want to make something needlessly complicated and expensive or else creating a currency that has no real value. The other issue is that it's computationally expensive and not as good for the environment as other payment methods.
I myself, am a proponent of cbdc, but the government has outlawed any creation of a consumer cbdc