this post was submitted on 04 Dec 2023
199 points (100.0% liked)
Technology
37737 readers
501 users here now
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.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's a process. There certainly are a lot of scams, and correct regulations need to be in place. It is a tool used by people who do harm, though it is not the cause of harm. At the same time, it's helped a lot of startups innovate in non-traditional ways, and i think a global and affordable currency that is not tied to the local currency has the potential to help a lot of people. Ethereum in theory should be more stable in terms of price as it keeps being minted and destroyed trough use of the blockchain. You can speculate with it, or the ERC-20 tokens in it's ecosystem. Ledger size is an issue i've had to deal with myself setting up a node, but it's also an issue that can be fixed in several ways if it looks like it could become a significant enough issue, as they did with PoW to PoS.
I think it's hard to measure what good and bad crypto is done when you only hear about outragous corruption and crime but not how the everyday person uses it. I use it in a way that helps myself and others and I'm no north korean drug lord scamming people.