Let this guy explain it for you:
https://invidious.snopyta.org/watch?v=YQ_xWvX1n9g
All is there, based on sound economic theory and anchored in facts…
You could easily say the same thing about any state backed currency like USD. Yet we’re still gonna use it
yes.
Your video isn’t loading, but judging by the title I can get the gist if what it’s likely saying. It’s disappointing seeing this outdated black and white negative misinformation being spread to here too, especially on the only current community on lemmy for discussing decentralization.
Purely talking about the title, ecocidal I’m sure is talking about energy usage. That is outdated misinformation by almost a year. Most development and use-cases for blockchain tech is happening on Ethereum or layers of Ethereum, which moved to Proof-of-Stake almost a year ago. “Ecocidal” might be accurate against Bitcoin (I think it’s still a bit of a dramatic word for it, given what else the world spends vast amounts of energy on, including banking and finance infrastructure), but acting like Bitcoin = crypto is about 7+ years out of date thinking.
“Hypercapitalist” is just pure ignorance, I’m not going to bother arguing against this. There is so much more to blockchain technology and everything going on in the industry now than whatever you’re imagining based on that word.
“ponzi scams” is the type of circlejerking garbage I was hoping wouldn’t be dragged here from reddit. It’s the copy/paste response every redditor has outside of crypto subs, yet none of them can ever explain what they’re actually talking about and can never respond to any fact based counter arguments. The idea that all the development going on in “crypto” nowadays is just “ponzis” and “scams” is willfull ignorance at best, blatant purposeful misinformation spreading at worst.
I suggest you actually learn more about what is going on within the industry nowadays instead of basing your beliefs on ten year old information and then spreading misinformation based off of that. I’d love for Lemmy to have a higher standard for facts and information and a stronger defense against circlejerking and echochambers.
I stand by every word of it. And you haven’t even seen the video :)
So you don’t have any actual response? I realized it was just a YouTube video and copied the code at the end, it’s over 2 hours long. I skimmed, it’s all the same one-sided skewed misinformation we’ve all seen before.
I’m not sure what the point of it is other than pro-bank pro-corpo propaganda. I mean sure, I get that it’s currently the socially accepted circlejerk, but from an actual intelligent viewpoint what is the point of trying so hard to convince everyone something is true when it provably isn’t?
There is so much within the industry that is very clearly not a “ponzi scam”, but you, as all the circlejerkers on reddit, don’t even bother responding to any arguments. Just insults or “it’s true teehee :)” type comments.
Let me give you some examples. There’s Lens Protocol, an in-development social media network that gives you a non-custodial permissionless social media profile with which you can use it on any of the front-ends built on top of the protocol. Much like lemmy, it’s meant to give us freedom from centralized corporations controlling our data through social media.
There are countless donation drives and projects built to bring in money for good causes. A popular new artist Jack Butcher had one a while back that helped buy almost 250,000 meals through Feeding America via their food bank network.
There are privacy based tokens that help support journalists and activists in places where they can’t safely receive money through normal means.
There are projects working with Zero-Knowledge Proofs to create blockchain based alternatives to many apps that would allow us to further control our own data, and actually keep it private. Zk proofs would prevent the services from understanding and reading the data it’s using, so we would fully control our own data and only share what we want to.
I could go on, but I’m not going to spend anymore time on this if you’re just going to be a lazy troll.
thanks :)
I don’t really bother explaining why I think its a scam to people, but one of my last guilty reddit visits other than an occasional scroll of the front page is r/buttcoin it never really fails to cheer me up!
