squirrelitude: (Default)
squirrelitude ([personal profile] squirrelitude) wrote in [personal profile] thewayne 2022-05-08 06:56 pm (UTC)

Same -- I thought Bitcoin was interesting at first, but then it became obvious that it's literally designed to waste as much energy as possible, and to be effective at doing so. Pretty awful. And I have yet to hear of a replacement mechanism that isn't bad in some other way.

I *do* want a convenient way to send people money electronically with low fees. But I guess we still don't have one! And maybe we won't: Money is always fraught, reversibility turns out to be a desirable property, adjudication (in one form or another) is always going to incur costs, and costs have to be folded back into the transaction mechanism.

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