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Old 05-16-2021, 06:55 PM   #27667 (permalink)
Frownland
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Join Date: Aug 2011
Location: East of the Southern North American West
Posts: 35,548
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I'm more anti-crypto bro than anti-crypto, but:

1. Its environmental impact is wack.
2. The process to solve the algorithms in order to create coins becomes more complicated over time. Once that reaches the point where it can take years to create new coins, demand overflows into alternative cryptocurrencies. The lead alternative to the dominant cryptocurrency will reach similar capacity and it will either usurp Bitcoin as the dominant cryptocurrency, or its bubble will pop as the market shifts to the next lead alternative. It's a system of instability that has little functional difference from FIAT currency once the dominant cryptocurrency reaches capacity.
3. It's a choice to participate in it now, but it will be more or less mandatory as it grows and will become another mode of control and suppression of the individual.
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