bkahn,
@bkahn@mstdn.science avatar

I would be happy if just before all crypto mining facilities were permanently shut down, the computers in each were melted and melded into giant coins like the stone 'coins' in Yap, Polynesia. Then when future generations taught children about how dopey we were, the coins would bear silent testimony.

https://www.npr.org/sections/money/2011/02/15/131934618/the-island-of-stone-money

jbhughes,
@jbhughes@flipboard.social avatar

@bkahn People think cryptocurrencies run on energy. In my opinion, they run on stupidity, which seems to be of infinite abundance,

bkahn,
@bkahn@mstdn.science avatar

@jbhughes

Add in greed which increases stupidity and the outputs are a few crypto millionaires and a lot of fools missing their life savings. It is truly amazing that these scams persist--yet they do.

In case anyone here doesn't know of this website:

https://www.web3isgoinggreat.com/

It shows the ongoing saga of crypto $ vanishing EVERY DAY. Running total is now over 72 billion in vanished funds. Holy crap!

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