Im interested in cryptos, because it could serve as a foundation for an internet funded by people and communities. A crypto that protects people’s privacy and has a low energy cost.
But is this enough to make it ethical? Are there other aspects to take into concideration? Or is ethical cryptos possible?
In particular Im looking into Mobilecoin which Signal has integrated into their app.
That’s an interesting premise, that somehow a currency is going to change the nature of how “the internet” is funded. So, none of the world’s currencies have done this, but a “currency” that isn’t really a currency is going to change around the entire economics of everything online?
There’s so many fun presumptions in that notion that it’s hard to even start a discussion.
The short answer is no. I think there’s more than enough evidence out there that cryptocurrencies will remain niche, and this ridiculous ‘web3’ notion of every interaction being a transaction will simply just not occur, much as any bros try and wish and argue for it.