Bitcoin is Stupid and Does Not Deserve an Emoji
thedabbler.patatas.ca

35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.

F that

  • CeeBee_Eh@lemmy.worldEnglish
    1236·
    5 months ago

    Bitcoin isn’t a scam. All non-bitcoin cryptocurrencies are scams.

    People often hear about stuff like coins that are pre-mined, or proof-of-stake and the schemes and scans that come out of those, and immediately associate Bitcoin with the same thing.

    • shortwavesurfer@lemmy.zipEnglish
      236·
      5 months ago

      That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.

      • sugar_in_your_tea@sh.itjust.worksEnglish
        122·
        5 months ago

        Exactly. Most cryptocurrencies are scams, but a handful are fantastic. Ethereum is cool for being proof-of-stake (so no high-energy mining), and Monero is cool for being super privacy-oriented. There are a handful more, but honestly, if you stick with Bitcoin, Ethereum, and Monero, you’ll be fine.

        • shortwavesurfer@lemmy.zipEnglish
          3·
          5 months ago

          That’s pretty much exactly my thought. I hold a very very small amount in Polygon, but only in order to pay the gas fees for the Polygon network. So I never have more than a few US dollars worth in it at a time.

          • sugar_in_your_tea@sh.itjust.worksEnglish
            2·
            5 months ago

            Yeah, I basically just do Monero, and I use it as a spend account and use it anywhere it’s accepted. I don’t invest in any cryptocurrencies because I don’t think cryptocurrencies have positive expected return (it’s all hype), so I keep the amount of crypto I have small.

      • Mubelotix@jlai.luEnglish
        8·
        5 months ago

        Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash

        • shortwavesurfer@lemmy.zipEnglish
          21·
          5 months ago

          That’s true. I suspect the application programming is the only reason that it actually took off.

    • glassware@lemmy.worldEnglish
      77·
      5 months ago

      Of course bitcoin is a scam. It’s a “currency” you can’t spend anywhere. It’s only purpose is a pump and dump scheme for early adopters.

      • 0x0@programming.devEnglish
        75·
        5 months ago

        It’s a “currency” you can’t spend anywhere.

        You could’ve at least pretended to have done some basic research…

      • CeeBee_Eh@lemmy.worldEnglish
        35·
        5 months ago

        It’s a “currency” you can’t spend anywhere

        Lol

        It’s only purpose is a pump and dump scheme for early adopters.

        This is exactly what many alt-coins are but Bitcoin is decidedly not.

        You’re confusing “easy to mine” with “early adopter scam”.