“Cryptocurrency is one of the worst inventions of the 21st century. […] It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere. Fuck cryptocurrency.”
This is the case with crypto currencies such as Bitcoin or Ethereum which are mostly used for trading rather than actually being used for trading. There is a French project for a non-energy consuming crypto-currency that puts the human at the centre of the currency. Don’t hesitate to have a look at the official website. https://libre-currency.org/
what a great way to get started
Amateurs. Calling it G̷͚̒1̵͜͝ is clearly the better choice.
??
Fucking translator ^^ What I meant was that this currency is more for trading (selling items and services) rather than for investment and enrichment.
At a guess, I think that means that they’re used as commodities to be traded, rather than used as a means of exchange of goods/services (trading)
I checked it out, seems really interesting. I’m not much into cryptos, but having watched the seminars about Duniter, Libre Currency etc., I like the idea.
Can anyone interested in this point out: what of this project doesn’t sit right with you, or what can be changed, in your opinion?
From a quick glance it seems like they use a blockchain with a “trusted” number of validators. This is really nothing other than an over-engineered MySQL database and as a user you are totally at the mercy of those trusted validators.
I am personally not against such a system in general, but I would rather not like to have to trust some random strangers on the internet.
But a similar system run by your local in-person coop or at least by some democratically elected officials would probably be fine.