Pump-and-dump schemes, fraud, ransomware, multi-level marketing, spam, incentivizing selfishness, greed, and general unethical behaviour, buying elections, quasi Nazis creating their own coins, et cetera. In my opinion, over the years the evidence has piled up tall enough to show that crypto"currencies" are an overal detriment to society.

It therefore surprised me to discover that behind the ♡ donation button on top of most Lemmy instances except for Beehaw, there is an option to donate “crypto”. This sets a bad example. Thoughts?

  • arsCynic@beehaw.orgOP
    2·
    2 days ago

    “I guess some random HN user is smarter than the research arms of these companies who are all building on and utilizing crypto”

    List of fallacies in the aforementioned statement:

    “I don’t have venmo, so I don’t use it. I don’t get mad when somebody offers it.”

    Venmo is not a multi-level marketing pyramid scheme, all crypto"currencies" are[1].

    1. “The only example of cryptocurrency not being a misnomer is TU Delft’s blockchain euro [15]. But if it is practical remains to be seen since Africa has superior payment alternatives that don’t require blockchain at all—which I address further down.” —Crypto Cult Science ↩︎