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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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submitted 1 week ago by arsCynic@beehaw.org to c/technology@beehaw.org

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Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin's shortcomings, a financial instrument that brings out the worst in people—greed—won't change the world for the better.

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[–] Troy@beehaw.org 2 points 1 week ago

I don't know what Satoshi had in mind when they wrote their paper, but at least today I would view crypto money as complementary currencies rather then a replacement of fiat money. We should create a decentralized economy with a wide range of currencies -fiat and complementary money as well. Whether or not the crypto money will run on blockchains doesn't matter, but it is one technology that seems to be fit for a lot of use cases to solve payment issues imo.