Bitcoin is Stupid and Does Not Deserve an Emoji
thedabbler.patatas.ca

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

F that

  • shortwavesurfer@lemmy.zipEnglish
    236·
    3 months ago

    That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.

    • sugar_in_your_tea@sh.itjust.worksEnglish
      122·
      3 months ago

      Exactly. Most cryptocurrencies are scams, but a handful are fantastic. Ethereum is cool for being proof-of-stake (so no high-energy mining), and Monero is cool for being super privacy-oriented. There are a handful more, but honestly, if you stick with Bitcoin, Ethereum, and Monero, you’ll be fine.

      • shortwavesurfer@lemmy.zipEnglish
        3·
        3 months ago

        That’s pretty much exactly my thought. I hold a very very small amount in Polygon, but only in order to pay the gas fees for the Polygon network. So I never have more than a few US dollars worth in it at a time.

        • sugar_in_your_tea@sh.itjust.worksEnglish
          2·
          3 months ago

          Yeah, I basically just do Monero, and I use it as a spend account and use it anywhere it’s accepted. I don’t invest in any cryptocurrencies because I don’t think cryptocurrencies have positive expected return (it’s all hype), so I keep the amount of crypto I have small.

    • Mubelotix@jlai.luEnglish
      8·
      3 months ago

      Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash

      • shortwavesurfer@lemmy.zipEnglish
        21·
        3 months ago

        That’s true. I suspect the application programming is the only reason that it actually took off.