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author | nathan <nathansmith@disroot.org> | 2025-08-10 15:02:05 -0600 |
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committer | nathan <nathansmith@disroot.org> | 2025-08-10 15:02:05 -0600 |
commit | 3e36028d99b21d8946085be6b3597b63d1ed14d1 (patch) | |
tree | 9dc0c1ea8f22394243097205dfc10cf829ad48ae /org/blog/articles/current-state-of-crypto.txt | |
parent | 0880780d5744d346ad44f4552cd25f8f5169a940 (diff) |
Better blog format
Diffstat (limited to 'org/blog/articles/current-state-of-crypto.txt')
-rw-r--r-- | org/blog/articles/current-state-of-crypto.txt | 74 |
1 files changed, 0 insertions, 74 deletions
diff --git a/org/blog/articles/current-state-of-crypto.txt b/org/blog/articles/current-state-of-crypto.txt deleted file mode 100644 index c97ffd3..0000000 --- a/org/blog/articles/current-state-of-crypto.txt +++ /dev/null @@ -1,74 +0,0 @@ -### Why crypto sucks - -There are two types of crypto users: the peep who wants more privacy and the -libertarian. The libertarian makes life harder and worse for the peep who -wants more privacy. Libertarians are the ones who over all control the status -quo of crypto. Now you have a very good understanding of the issues with -crypto the blog post can just end here. You want more details dont you? Ok you -greedy bastard who cant use a search engine... - -### Mining - -I dont think anyone ever have or ever will create a more fancy way to waste -computing power. These mother fuckers buy a bunch of gpus just to overclock -them and leave them running at full power until they melt. I once heard a -story about the gold miners in old times along the lines of everyone wanted to -make money mining gold so they bought all the gear and started looking for -gold. Most never found much but reguardless people kept buying gear to go gold -mining and because of this the people selling the gear were getting rich while -all the miners were just getting poorer. The same happened with crypto mining. -Nvidia made a hell ton off selling hardware to mine coins barely anyone uses -for anything practical. Sure there are people who do make money mining but -those are people who have the money to spend an insane amount on a mining rig -in some datacenter in a third world country while they sip their wine in a -first world country. It isnt like nvidia is trying to hide it either. Just -read [ this article -](https://www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add- -nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining) and get a -good laugh in. - -### Trading and investing - -This is the main thing most people seem to think crypto is for: trading it -without ever using it to buy and sell anything besides other cryptocurrencies. -It only manages to make crypto more unstable and less usable as a currency. -For years it was the libertarian dream to completely cut out real resources -and real production of goods and services. A simulated economy that somehow -manages to bring real money into their fat wallets is what they wanted, one -that just like capitalism outside cyberspace starts out in a state where even -your average joes are making money but as shittification takes hold all the -money only makes it into wallets that are already fat. To most this seems like -a mistake but the libertarians designed it that way and wouldnt want it any -other way. - -### Crytpo brokers - -This is what made me to decide to write this blog in the first place. I was -using coinbase to get some bitcoin so I can hop on p2p networks to get some -monero. Normally this works fine but coinbase randomly went "fuck you!" and -started throwing error messages at me when sending bitcoin. Tried to withdraw -same deal. Used their resources to find out why this was happening but their -piece of shit chatbot wouldnt do much. When I asked for a real person it -"upgraded" me to a slightly better chatbot. Decided to look into it and found -out most of the big _"trustworthy"_ brokers will lock up during times trades -will not be in their favor. They often do this simply by bricking their site -when a trade they dont like happens. These types of brokers often use KYC to -decrease privacy. p2p networks can solve this though you often have to already -have some crypto to use them. - -### Monero, the only decent crypto - -Unlike all other cryptos monero is kind of usable for actually buying and -selling things. Its a bit more stable and faster. Its designed to fuck over -gpu mining and force people to mine on cpu instead to prevent the mining -madness of most crypto. If you want a private currency monero is the only half -decent option. Its still not perfect but in a world where FUCKING TERRIBLE is -the norm half decent is a blessing. - -### To sum things up - -Like most things in this world crypto was fucked by libertarians. Though if -they werent fucked crypto as we know it is still just a reaction to the -nightmare we call national currencies and banking. This is why we cant have -nice things ): - |