Conversation
m

Lux

the only ways i can justify crypto is if you're using an anonymous system like monero, and even then it's still ridiculously inefficient.
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m

Lux

Reply to @m
Edited 2 years ago
like that's a use i can justify. if you need to donate to people in emergencies where you're unable to use fiat or you are in those exact conditions. otherwise you're either getting scammed or burning tons of dinosaurs into the atmosphere for no reason
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adrn

Elon Musk verified

Reply to @m
@m what are your opinions on SWEAT? it used an apparently carbon neutral blockchain and i mean you get sweat from walking and i won a 20€ voucher from them for steam so 😭
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adrn

Elon Musk verified

Reply to @m
@m what are your opinions on SWEAT? it used an apparently carbon neutral blockchain and i mean you get sweat from walking and i won a 20€ voucher from them for steam so 😭
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m

Lux

Reply to @adrn
Edited 2 years ago
@adrn it's built on NEAR, which is built on a proof-of-stake model, which is anti-democratic in terms of how the network operates. it means essentially "earn more = control more". plus the price not being pegged to any real asset means the price could be doomed to be unstable.
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m

Lux

Reply to @m
@adrn with SWEAT the price is pegged to how much people exercise. people don't exercise enough? market crash!
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adrn

Elon Musk verified

Reply to @m
@m isnt that how most cryptos work anyways?
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m

Lux

Reply to @adrn
@adrn yeah pretty much
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m

Lux

Reply to @m
@adrn the only reason i can justify monero is because of how private it is, which is great if you're in critical situations like in an abusive household or a country in war, to give some examples. it's still proof-of-work and it's price is still derived from speculation, but it has a real use case.
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adrn

Elon Musk verified

Reply to @m
@m i don’t care about most of that (maybe that’s bad but it’s just cause i barely use crypto so i may need to be better informed) i mostly care about the environmental impact
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adrn

Elon Musk verified

Reply to @adrn
@m i don’t care about sweat much anyways it’s just cool cause you get it from walking and the wallet has a ton of giveaways and i won one lol
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About Coral Castle

coral castle

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