this post was submitted on 04 Aug 2024
716 points (87.1% liked)
Technology
59534 readers
3195 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
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
You're equating Bitcoin with the entire concept of cryptocurrency. I hate being "that guy" in this thread that seems like a shill for crypto, because I'm really not. I just don't blindly hate it, and I have a nuanced understanding of it. Wild, I know.
Ethereum reduced it's energy consumption by over 99% by switching to Proof-of-Stake.
People need to stop using those two words interchangeably. Bitcoin was the first, and in the realm of technological progress, when has the very first try of anything been the best?
Every piece of modern tech we use on a daily basis, ultimately, originated from some primitive form of that tech; Your smart phone didn't just appear. The airplane you flew in didn't arrive fully formed (Boeing might wish it did).
Computers used to take up entire rooms and could do basically nothing. People used to use horse-drawn carriages for transportation. etc.
Shit, even the concept of currency/trade itself has changed dramatically over the course of human history. Did you know that our money (USD) used to be backed, literally and physically, by blocks of shiny metal? And any person could literally take their dollar notes and trade them for shiny metal if they wanted? Pretty wacky!
Turns out someone realized that the metal was unnecessary. Lots of people like yourself around back then, and they lost their minds: "How could this piece of paper be worth anything if I can't literally trade it for a piece of shiny metal? Even if that metal has no real inherent value beyond what society has ascribed to it?"
How long ago was that? Almost 100 years... I think it turned out OK.
I don't know, just some things to think about I guess.