this post was submitted on 14 Jan 2025
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Technology

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[–] shortwavesurfer@lemmy.zip 4 points 3 days ago (1 children)

I'll be honest, I read the link fully expecting to completely disagree with it, and actually I don't. There's actually a decent amount of it I do agree with. Bitcoin has evolved and not in a good way from what it was meant to be which was peer-to-peer digital cash that anybody could use to send money around the world in an instant with no government oversight. That's actually the big reason that I'm interested in Monero, because it still fulfills that vision while providing user privacy and low fees. It does use proof of work mining, so uses electricity for that, but it is much better than Bitcoin simply because it uses your general CPU that you find in your phone, your desktop, your laptop, etc. and does not require specialized hardware that costs a ton of money and burns a crap ton of power to only mine.

You may or may not find my arguments above compelling, but I appreciate the link. Because, as I said, I expected to fully disagree with it and found more agreement than I expected to.

[–] arsCynic@beehaw.org 3 points 2 days ago

Thanks for taking the time.