this post was submitted on 04 Dec 2023
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It's secure and it's decentralized. No other currency offers both. If you don't mind trusting banks and governments to manage the money system its not a big deal. But when they fuck it up, it's the average person that suffers. Taking that power away from them is good for humanity in my opinion.
It isn't secure: web3isgoingreat.com
And decentralisation is not something you want from a currency. All money used to be decentralised. Now we are encountering the same issues with crypto as we have had in the past with real money.
It is basically reinventing the wheel while claiming wood is the better material for the spokes.
Now let's talk about how good for humanity its carbon footprint is.
https://www.nrdc.org/stories/crypto-has-climate-problem
Note, that's from February of 2022. The problem has only grown since then.