• Varyk@sh.itjust.works
    link
    fedilink
    arrow-up
    0
    arrow-down
    1
    ·
    2 years ago

    totally whiffed on crypto.

    at least 130 countries are working on developing national cryptocurrencies.

    Bitcoin goes from $15 to $62,000 in ten years

    crypto market cap goes from $11 billion to two trillion dollars in ten years.

    The only people calling crypto a failure are ig’nant or covered in salt.

    • stabby_cicada@slrpnk.netOP
      link
      fedilink
      arrow-up
      1
      ·
      2 years ago

      at least 130 countries are working on developing national cryptocurrencies.

      CBDCs aren’t cryptocurrencies.

      As for the rest, “It’s good because it’s making lots of money” isn’t as persuasive an argument as you think it is.

      • Varyk@sh.itjust.works
        link
        fedilink
        arrow-up
        0
        ·
        edit-2
        2 years ago

        “CBDCs aren’t cryptocurrencies”

        Love to hear how you think cryptographic digital currencies aren’t cryptographic digital currencies.

        “As for the rest, “It’s good because it’s making lots of money””

        cryptocurrencies are exceptionally popular tech with very active communities developing new technology that is constantly gaining popularity and value.

        by your flawed metrics, solar power is “hype”.

        • stabby_cicada@slrpnk.netOP
          link
          fedilink
          arrow-up
          1
          ·
          edit-2
          2 years ago

          Love to hear how you think digital currencies aren’t digital currencies.

          Not all digital currencies are cryptocurrencies. CBDCs are digital implementations of government-backed fiat currencies. If you don’t understand the difference I don’t have time to try to convince you, sorry.

          by your flawed metrics, solar power is “hype”.

          Solar power produces energy. Cryptocurrency produces nothing and wastes energy doing it.