this post was submitted on 02 Jun 2024
1643 points (96.4% liked)
Microblog Memes
5736 readers
1679 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yes, I am also aware of this. The execution of an anonymous currency was done so poorly, for something trying to be an actual currency alternative, that is set having something like it back decades, if it didn't kill the idea of a currency that a country didn't control.
Has it set stablecoins back? Their market share would suggest otherwise.
I think they have badly damaged the image of the idea of crypto entirely. Of course it has its cultists, then its fanboys, but most people who know about think it is a good idea with a bad execution that got latched on to by the worst type of people, in terms of promoting it, the scammers.
Remember, we need market share growth vs traditional currency. That will be the metric to really decide how well it does at being an alternative to normal money.
Hey, personally I wanted bitcoin to really blast through as a true money competitor. However it was immediately apparent they were more interested in turning it into the equivalent of digital precious gems, that was invested in to drive speculation. One day I hope we get a crypto-currency that is a true currency alternative, divorced from the state, and corporate entities. I really want that.