I’m going to keep this short but I just fell down the rabbithole of crypto again and maybe it isn’t as bad as I thought. Many of their ideas are very similar to the fediverse’s. The idea of decentralized finance using a stablecoin sounds awesome to me. (though i’d much prefer to live in a world where money isn’t needed) Maybe the technology is actually good but the techbros and scammers ruin it with their false promises and complicated words. Hopefully, in a few years after the rest of those scammers have moved on to scamming with AI this tech could be truly used for meaningful purposes.
Not until it solves a problem for less money than existing solutions and faster. Last time I tried it cost 15 dollars to move 30 dollars in etherium, and took 5 minutes or so.
Oof that’s rough. How long ago was that. The problem it solves for me is the control that rich people and the federal reserve have over my finances. I’d rather it all be done in a decentralized way.
Well, that problem cant be solved in capitalism, which is problematic