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Bitcoin is Stupid and Does Not Deserve an Emoji (blog post) (thedabbler.patatas.ca)

submitted 3 months ago* (last edited 3 months ago) by [email protected] to c/[email protected]

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

F that

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[–] [email protected] 2 points 3 months ago (1 children)

I don't mind a system like bitcoin existing but bitcoin itself has way too many problems to be useful and actually is detrimental to the environment. It takes way too long to process a transaction, it is massively energy intensive for what it is, and it's been hyped up like the Californian gold Rush.

Sure it was created to solve a problem but it doesn't actually solve that problem very effectively. It also introduces an infinite number of new problems that no other currency system has ever experienced.

[–] [email protected] 2 points 3 months ago

It also introduces an infinite number of new problems that no other currency system has ever experienced.

Infinite problems, eh? Can you name like 10?