this post was submitted on 02 Jun 2024
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The weed and lsd were to this day the best I have had too. I don't love crypto currencies for many many reasons but it has been years and I still think about those trips
Cryptocurrency with Tor has unironically done more for drug safety than most administrations worldwide. I hate the framing "fake money for criminals" because while there are despicable crimes, not all of them use cryptocurrency, in fact USD was the most common last time I checked, OTOH what constitutes a criminal can be an arbitrary rule. Woman in Texas having an abortion paying with crypto? Fits the definition but I'm not sure people here would condemn it.
I'm not happy with how cryptocurrency turned out with the huge speculational bubble, NFTs, not even a huge fan of smart contracts but I think the idea of a decentralized and maybe even anonymous ledger is very much in the spirit of the fediverse.
I'm gonna pile on the "not happy" side with environmental concerns. You see, with Bitcoin, if crypto mining was as easy as just verifying the next block in the chain, it would be easy and the market would flood. You'd have hyperinflation. The system controls the rate at which new bitcoins are minted by artificially increasing the computational difficulty of the problem. And the end result is that crypto mining intentionally wastes power output comparable to that of a country.
Calling hashing "mining" was probably the most stupid thing in bitcoin. Since it have nothing to do with minting new coins. It is tru that miners get a bonus in addition to the fees of the block when successful. But that bonus is reduced regularly and will eventually go away.
The power consumption used by hashing became quickly insane by companies chaseing a quick buck.