this post was submitted on 02 Jun 2024
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

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submitted 5 months ago by MacedWindow@lemmy.world to c/microblogmemes@lemmy.world
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[–] phoneymouse@lemmy.world -5 points 5 months ago* (last edited 5 months ago) (1 children)

It should be called “unregulated money laundry for criminals”

[–] phoenixz@lemmy.ca 1 points 5 months ago (1 children)

Well... Partially. It could be so much more than just nerd investment gambling and criminal money, but the technology is just fundamentally too flawed for that.

[–] iopq@lemmy.world 1 points 5 months ago (1 children)

There are many different technologies, which one is flawed?

[–] phoenixz@lemmy.ca 0 points 5 months ago (1 children)

I'm referring to all blockchain based ones. Block chain, by design, is beyond extremely inefficient

[–] iopq@lemmy.world 1 points 5 months ago

There are ones based on mesh structures, and other shit I don't quite understand. By design, having multiple currencies offloads a lot of the transaction cost.