Can I buy a pizza with it or pay my bills with it? Can my employer pay me in it? Or is it just an “emperor’s new clothes” thing? I just don’t see the tangible value in it. Rhetorical questions, BTW, I know you can’t buy a pizza with it, at least outside of some edge cases that I’m not aware of.
I thought what made money money was everyone agreed it was valuable and was willing to exchange it for goods and services directly. I don’t see that with crypto.
Bitcoin wastes so much energy, I think all normal payment systems combined use less energy than it.
Bitcoin wastes so much energy because it’s proof of work based which to my understanding is basically a bunch of computers churning out answers competing to be “first and correct” in order to print coins.
I like the idea of decentralized currency but the current execution of cryptocurrency leaves much to be desired.
The current execution of *bitcoin*, there’s plenty of non pow cryptocurrencies
I stand by my statement. I am aware of non pow crypto.
Sorry, I was typing fast, I agree that the current inplementations are not good enough, but I do think that a cryptocurrency could easily be better than any current fiat