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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

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

F that

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[–] blind3rdeye@lemm.ee 5 points 3 months ago (1 children)

I liked the idea for awhile as well. But for me, learning about the "proof of work" underpinning is what changed my mind. That - and the fact that cryptocurrency does not actually have any of the strengths that it claims to have. It's definitely and interesting idea... but in practice it's all just scams and incentivised waste.

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

That's interesting. I've initially written it off as a scam. Until I've learned about the proof-of-work.