• blobjim [he/him]
        ·
        3 years ago

        Right, that's the whole problem with cryptocurrency. It can only be popular if people can make money off of it, which will inevitably just recreate capitalist relations and speculative investment and so on. The other types of servers that people run are either like web or video game servers that companies make money off of or which are funded through donations because people actually get utility or entertainment value out of them. The scenario where crypto would actually work is if it was operated by government servers as a worldwide currency that a single government can't dictate the price of (unless they have a disproportionate amount or ban it in their country), but that's what all these crypto-nerds hate since they're all just little capitalists.

    • geese_feces [comrade/them, love/loves]
      ·
      edit-2
      3 years ago

      Cryptocurrency can be used for good in theory, but as it stands it’s meant to buy drugs

      Buying drugs can be a good thing.

      All these years and not a single nerd has come up with a solution for refunds, disputing transactions,

      There are solutions such as "multi-signature escrow" used on some markets.

      or reducing volatility

      There are "stablecoins" that have their value pegged to USD or other asset.