https://lobste.rs/s/qsonlf/why_we_can_t_have_nice_software
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Sasanka_of_Gauda
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Cryptocurrency is r-slurred. It's either decentralized (lol not really though) which makes it pointless, or it's centralized which means there is no reason to have a block chain. Many "features" of crypto are mutually exclusive like privacy and the blockchain.
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because no single entity owns bitcoin or litecoin or something, you don't have middlemen like credit card companies or paypal delisting people or jacking up fees whenever they feel like it. You can just use any exchange.
Cryptocurrency's massive inefficiency and massive trasaction fees are only surpassed by the racketeering of the finance industry.
Also in crypto, the burden of security is on the user instead of the institution. Bad for your grandma but great if you know how to use a computer because you can't get hacked because some russian guy sim swapped you, sent you a phishing email and knew your mother's maiden name.
there's like zcash and xmr and shit. privacy works but it is limited. look into zero knowlege proofs.
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Jfc I can't stand cryptards. You fricks are the absolute dumbest pieces of shit on earth.
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you don't see the cost of paypal and CC because it's a buisness expense. it jacks up the prices for everyone
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Nah, you don't see the costs because their business model doesn't involve running 10,000 graphic cards to transfer 25 cents.
Inb4 proof of stake which is completely centralized and debunks all of your other points.
I'm not dumb enough to fall for the r-slurred arguments you fell for.
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10,000 graphics cards vs 100,000 cushy air conditoned useless jobs in the finance industry all over the world. what is more wasteful?
cryptocurrencies don't require some threshold of computing power. They require computing power that is evenly distributed between adversarial parties so no one takes over.
Everyone has a GPU. If you wanted you could mine crypto on it passively while you're not using it (which lowers profitability of miners and frees up more GPUs). The decision to use GPUs in mining is supposed to help you out by making it so anyone can mine with their own hardware.
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You're actually a fricking r-slur. Who falls for this transparently dumb schtick? I've heard it like 10 times so it's clearly some canned argument you picked up somewhere, you'd think it would be more refined.
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There is literally nothing to run at banks in terms of payment processing, they are just rent seekers. It's just a monopoly that extracts tons of money for doing a minimal service that no one can avoid due to network effects, like email hosting or domain registration, or the ios app store, or those shitty $100 TI84 calculators that everyone needs to buy in high school because its the only one they allow in exams.
it costs me $15 to do a bank transfer and takes several days
The financial industry has fallen, billions must burn
stop kvetching over wasted electricity r-slurred butt neighbor like who cares I want to have digital cash.
I want to be able to send money on the internet without having to give every website my credit card number and a billing address or my card getting declined or some other bullshit.
the worst part about this is that when you say this online, tons of boomers will jump to say that banks can refund you in the case of fraud if you have insurance and saying that crypto is dangerous because there are no chargebacks
money should just be secure and work properly by default without all this boomer bullshit, if that causes 0.1% more global warming then idc
sorry ur poor
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Not one single person is gonna read all that
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None of your wants require a blockchain. Even your made up niche desires don't justify the bloated r-slurred mess that is crypto.
Good job r-slur.
Lmao that's just fricking funny. There's nothing secure about crypto, and certainly nothing secure about an actual existing usable crypto method.
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