this post was submitted on 27 Jul 2025
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Crypto has its issues, but when used as an actual payment system, it’s a great alternative for online payments, and can give more privacy and anonymity if used correctly
except for the insane fluctuations in currency value and the immense inefficiency of the whole system and all the fraud even in "stable" coins and all the lack of regulation
The lack of regulation is pretty much a goal. When a government controls or regulate a currency, your liberty is attacked.
Fraud? What are you talking about?
How is the system inefficient though? Compared to what? I don't believe it's fair to compare a decentralized system to a centralized one. Lemmy is much more expensive to run per user than Reddit for example
Fluctuations suck indeed, though they vary, it depends of the crypto
By inefficiency I just mean transactions per kWh. It's insane how expensive cryptocurrencies can get.
Sadly true for PoW cryptos. Luckily, PoS exists, but it might not work with every crypto.
More kWh = more secured chain, that's currently how it works. At this point blocks are going to be mined anyways, so let's fill those blocks