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diff --git a/org/blog/articles/current-state-of-crypto.xml b/org/blog/articles/current-state-of-crypto.xml new file mode 100644 index 0000000..fa49e28 --- /dev/null +++ b/org/blog/articles/current-state-of-crypto.xml @@ -0,0 +1,82 @@ +<article> + <h2>Why crypto sucks</h2> + <p> + 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... + </p> + + <h2>Mining</h2> + <p> + 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 + <a href="https://www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add-nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining" target="_blank"> + this article + </a> + and get a good laugh in. + </p> + + <h2>Trading and investing</h2> + <p> + 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. + </p> + + <h2>Crytpo brokers</h2> + <p> + 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 <i>"trustworthy"</i> 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. + </p> + + <h2>Monero, the only decent crypto</h2> + <p> + 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. + </p> + + <h2>To sum things up</h2> + <p> + 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 ): + </p> +</article> |