[teitoklien]

So you’re blaming cryptocurrencies for ....

Proof Of Work ?.

A lot of em are already trying to shift to other viable alternative proofs.

Your analogy of calling Cryptocurrency supporters as sociopaths.

sounds similar to insulting Edison because he designed the inefficient incandescent bulbs , which consume waaay more energy compared to LEDs built these days.

How would it sound , if someone insults artificial light , just because of that ? .

Cryptocurrencies are perfectly good ideas/products.

Proof of Work’s viability isn’t.

The hate is aimed in the wrong direction.

[knorker]

> sounds similar to insulting Edison because he designed the inefficient incandescent bulbs

If he designed and sold that in 2021, trying to replace LED lightbulbs, and lying through his teeth to pump up the value of his lightbulbs, well then yes.

Can blockchain people please first come up with a use case, that isn't crime, before saying it's worth using more energy that many countries? (for a rounding error away from 0 number of transactions)

All the enumerated use cases are so naive and uninformed that clearly they've just been invented without knowledge about the field. "Move aside, expert in field, I'll just solve this with technology. No I don't need to hear you describe the issues".

[toomanybeersies]

Lots of countries have banned incandescent bulbs due to their abysmal energy efficiency.

Maybe the cryptocurrency industry needs some environmental regulation thrown at it?

[matkoniecz]

> Cryptocurrencies are perfectly good ideas/products.

for scammers and speculators

[teitoklien]

Try doing a transaction comparison between any payment service that offers foreign transactions , and compare it to cryptocurrency transactions and use it once to do a real trade/purchase , or try using smart contracts in crypto , for once in your projects.

You’ll know why it’s a great product/ service Once it’s environmental viability has been figured out .

Hating crypto , because news reporters only show you the scammers and the speculators , is blind hatred.

Crypto has/does much much more , than just act as a form of trading / speculation

Scammers often steal money in dollars too. Speculators often trade currency pairs with dollar in them.

Are you still gonna say people who use the dollar for daily transactions don’t exist ? That dollar is also a good idea only for scammers and speculators ?

[knorker]

> Try doing a transaction comparison between any payment service that offers foreign transactions

I've done many. Order of magnitude better experience than bitcoin, which I've also done.

And without knowing that your bitcoin transaction cost many tonnes of co2 on stolen electricity (~70% of which is based on fossil fuels, per a recent bitcoin energy use study).

It's like building an instant messaging system based on throwing molotov cocktails on your neighbors houses to create smoke signals.

"Works great!"

> try using smart contracts in crypto

Smart contracts is just the dumbest idea yet. Anyone who thinks they're a good idea clearly doesn't know what the actual challenges are in existing contracts. It's not solving these challenges at all, but instead making them much worse.

> Hating crypto , because news reporters only show you the scammers and the speculators , is blind hatred.

Seriously? But that's all there is. To a rounding error.

And for good reason. Aside for committing crimes cryptocurrencies are worse in every single aspect.

> Are you still gonna say people who use the dollar for daily transactions don’t exist ? That dollar is also a good idea only for scammers and speculators ?

What do you think the percentage of dollar transaction that's crime? What do you think is the case for bitcoin?

[matkoniecz]

> or try using smart contracts in crypto , for once in your projects.

If someone is willing to fund time spend on researching how to do it safely I would do it.

But I am not aware of anyone willing to fund hundreds of hours on such research. And it includes myself.

> Hating crypto , because news reporters only show you the scammers and the speculators , is blind hatred.

I do not care what 'news' reporters 'report'. I am in contact with several crypto-adjacent messages each week, all of them scammers in in mail inbox, on Telegram, in Discord.

Crypto-adjacent scam spam is over half of ads that managed to reach my on my own computer.

I consider it perfectly good reason to heavily dislike BTC and BTC-adjacent things.

> Crypto has/does much much more , than just act as a form of trading / speculation

Yes, it is also scam platform.

> Are you still gonna say people who use the dollar for daily transactions don’t exist ? That dollar is also a good idea only for scammers and speculators ?

No, because it is untrue. Unlike crypto.