I understand the justified criticism of the many dishonest and politically questionable things associated with cryptocurrencies and NFTs. But I don’t remember seeing such a complete dismissal of any tech in this industry before, and I can’t help but feel that’s unjustified
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It's not the tech, it's how is applied and how it impacts us all whether we're involved or not.
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As with any tech, we can risk some failed experiments to find a good one. But we can't have 100s of highly destructive ones in the vague hopes that eventually something will arise from the ashes.
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Replying to @mathiasverraes
Yes, I understand how PoW chains might be judged this way. As of now, whatever perceived value they provide is not in a sane relation to their cost

Jan 6, 2022 · 5:54 AM UTC

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Replying to @stilkov
The ecological impact is my worst concern, but there's more. The Ponzi schemes will eventually crash. The stablecoins that are supposedly backed 1:1 by dollars are in fact not. Lots of people will lose all their money.
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