From the climate impact alone, I wouldn’t touch Bitcoin with a bargepole .
“Bitcoin alone is estimated to consume 127 terawatt-hours (TWh) a year — more than many countries, including Norway. In the United States, cryptocurrency activity is estimated to emit from 25 to 50 million tons of CO2 each year, on par with the annual emissions from diesel fuel used by US railroads.”
(via Rocky Mountain Institute)
The least-worst coin is #Monero :monero: but only because it's developers actually do give a damn and designed it to be a #Payment system and not a #Gambling tool for sociopathic assholes!
Today, 15 years ago #OTD the person or group with the fictive name of “Satoshi Nakamoto” created the first cryptocurrency named Bitcoin with the thought of it becoming a secure and fast alternative to fiat currency.
Now it's known as the most wasteful use of electricity, inefficient and limiting capability/functionality, as well as being among the most insecure and de-anonymizing ways to transfer money.
However, what Satoshi Nakamoto probably hasn't expected is how many scam-currencies would come after theirs, and how their invention would create a new breed of the most annoying people known to our species: crypto-bros.
Bitcoin's liquidity is nonexistant and it's value is solely based upon rich assholes hoarding it and #TechIlliterates buying it for more than it's worth, which should be 0!