this post was submitted on 18 Mar 2025
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But what you said there is literally the end of my understanding of what crypto is. It has something to do with computers solving math problems, and somehow that’s worth money.
What?
the problem with crypto is that when you try to explain it, it sounds so stupid that someone else thinks you have to be explaining it wrong
but if you want explanation, this one is fine https://ic.unicamp.br/~stolfi/bitcoin/2020-12-31-bitcoin-ponzi.html and this https://www.ic.unicamp.br/~stolfi/bitcoin/2021-01-16-yes-ponzi.html
When I think of crypto I think of that bloke grubbing through landfill for a lost hard drive. I think of Sam Bankman Fried. I think of Trump's meme coin. Yes, I'm sure someone must be explaining it wrong to this old lady.
I feel like there's so much nonsense happening with crypto that people will overlook any of the legal, ethical use cases of it. Like its got lower inflation than gold, I mean that's actually incredible from an economic standpoint.