• ferristriangle [he/him]
    ·
    4 years ago

    I'm convinced that the narrative that crypto is an environmental disaster is an op.

    Crypto is based because it is a medium that allows sanctioned countries to dodge sanctions and loosens the grip of traditional financial institutions on global trade.

    Reddit crypto tech bros and crypto traders are still cringe tho.

      • ferristriangle [he/him]
        ·
        4 years ago

        Yeah, that's what I mean. I'm not trying to say that the idea that crypto-mining has environmental consequences is fake. But the fact that the environmental consequences of crypto-mining keeps getting repeatedly hammered on while every other technology gets ignored seems like it's really just a way to convince people on the left to oppose a disruptive tech using a narrative that is salient.

    • Dan [they/them,undecided]
      ·
      4 years ago

      It very much depends on the specific implementation, but with the right consensus mechanism, it isn't too much worse than any other internet service