Technology

59651 readers

2643 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

Bitcoin is Stupid and Does Not Deserve an Emoji (blog post) (thedabbler.patatas.ca)

submitted 3 months ago* (last edited 3 months ago) by smallpatatas@lemm.ee to c/technology@lemmy.world

345 comments fedilink hide all child comments

35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

you are viewing a single comment's thread
view the rest of the comments

[–] CeeBee_Eh@lemmy.world 0 points 3 months ago (2 children)

Bitcoin isn't a scam. All non-bitcoin cryptocurrencies are scams.

People often hear about stuff like coins that are pre-mined, or proof-of-stake and the schemes and scans that come out of those, and immediately associate Bitcoin with the same thing.

[–] glassware@lemmy.world 0 points 3 months ago (2 children)

Of course bitcoin is a scam. It's a "currency" you can't spend anywhere. It's only purpose is a pump and dump scheme for early adopters.

[–] CeeBee_Eh@lemmy.world 0 points 3 months ago

It's a "currency" you can't spend anywhere

Lol

It's only purpose is a pump and dump scheme for early adopters.

This is exactly what many alt-coins are but Bitcoin is decidedly not.

You're confusing "easy to mine" with "early adopter scam".

[–] 0x0@programming.dev 0 points 3 months ago

It’s a “currency” you can’t spend anywhere.

You could've at least pretended to have done some basic research...

[–] shortwavesurfer@lemmy.zip 0 points 3 months ago (3 children)

That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.

[–] sugar_in_your_tea@sh.itjust.works 0 points 3 months ago (1 children)

Exactly. Most cryptocurrencies are scams, but a handful are fantastic. Ethereum is cool for being proof-of-stake (so no high-energy mining), and Monero is cool for being super privacy-oriented. There are a handful more, but honestly, if you stick with Bitcoin, Ethereum, and Monero, you'll be fine.

[–] shortwavesurfer@lemmy.zip 0 points 3 months ago (1 children)

That's pretty much exactly my thought. I hold a very very small amount in Polygon, but only in order to pay the gas fees for the Polygon network. So I never have more than a few US dollars worth in it at a time.

[–] sugar_in_your_tea@sh.itjust.works 0 points 3 months ago

Yeah, I basically just do Monero, and I use it as a spend account and use it anywhere it's accepted. I don't invest in any cryptocurrencies because I don't think cryptocurrencies have positive expected return (it's all hype), so I keep the amount of crypto I have small.

[–] CeeBee_Eh@lemmy.world 0 points 3 months ago

I wouldn't argue with that. I was mostly generalizing.

[–] Mubelotix@jlai.lu 0 points 3 months ago (1 children)

Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash

[–] shortwavesurfer@lemmy.zip 0 points 3 months ago

That's true. I suspect the application programming is the only reason that it actually took off.