anarcho-catgirlism on Nostr: npub1ufmln…gqhp4 But like, crypto only has value as much as people are willing to ...
npub1ufmlneg8tt9jwvk6p40t02lxhmkns6zlpu4cwrvxerczdnn4syzqlgqhp4 (npub1ufm…qhp4) But like, crypto only has value as much as people are willing to put real currency into it. People just sending money across continents are directly putting a bunch of money in the pockets of crypto grifters. Most of the underlying value currently is hype-driven. The coins only have trading power as long as people perceive crypto as valuable.
The value crypto actually represents is the energy it took to generate the coins. And it takes a lot of energy to mine cryptocurrency. Its very inefficient and bad for the environment at large.
Published at
2024-03-22 15:24:46Event JSON
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"content": "nostr:npub1ufmlneg8tt9jwvk6p40t02lxhmkns6zlpu4cwrvxerczdnn4syzqlgqhp4 But like, crypto only has value as much as people are willing to put real currency into it. People just sending money across continents are directly putting a bunch of money in the pockets of crypto grifters. Most of the underlying value currently is hype-driven. The coins only have trading power as long as people perceive crypto as valuable.\n\nThe value crypto actually represents is the energy it took to generate the coins. And it takes a lot of energy to mine cryptocurrency. Its very inefficient and bad for the environment at large.",
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