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by abetusk 735 days ago
There's a large cohort of people who want to hate on anything related to cryptocurrency, whether it's a specific currency like Bitcoin, NFTs, web3 or related technology. You may be right that cryptocurrency proper is easier to defend against but the default position I see by most people is to criticize carbon emissions, energy usage, attack the legitimacy or the utility. One of the first comments here to this article was a comment specifically asking why Bitcoin was needed at all (in the US).

I agree that problems of Bitcoin are different from other neighboring technologies, people lump them into one and tend to use the same arguments (energy usage, scams, ponzi schemes, illegitimate, crime only use case, etc.).

This article at least starts to make the argument of why something like Bitcoin is needed and how it solves real world problems.