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this post was submitted on 07 Jun 2026
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It would have been nice if crypto didn’t turn into a network of pyramid schemes.
Like, I am sympathetic to the idea. I mined a Bitcoin a long time ago (and lost it in intervening years). But holy moly, did it erupt into a tire fire.
Even without the greater fool scam, it's basic physics that a some dedicated servers will be more efficient than having every computer in a distributed network process every transaction.
And authoritarianism can be more efficient than democracy. Doesn't mean I want authoritarism though
GNU+Linux is currently being used to kill civilians in several wars, but we don't feel the need to point that out every time somebody says they use Arch btw.
Good tech can be used by bad people without everybody having to distance themselves from the tech itself.
That's not to say that BTC is good tech, but it's a decent proof of concept to free digital transactions from monopolists and tyrants.