Technology

59605 readers

3397 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

964

Proton is transitioning towards a non-profit structure | Proton (proton.me)

submitted 3 months ago by just_another_person@lemmy.world to c/technology@lemmy.world

182 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] TheGrandNagus@lemmy.world 6 points 3 months ago* (last edited 3 months ago) (3 children)

Them holding a reserve of a cryptocurrency in case something happens to their financial accounts is not the same as peddling crypto.

They're not trying to sell you any. They're not telling you that signing up to proton gets you "ProtonCoins" or something.

[–] CynicusRex@lemmy.ml -1 points 3 months ago (2 children)

It gives credence to greed incentivizing unethical contraptions.

[–] KLISHDFSDF@lemmy.ml 2 points 3 months ago (1 children)

greed incentivizing unethical contraptions.

Crypto is a tool, just like anything else. Is the internet a greed incentivizing unethical contraption? Because the internet spawned Google, Instagram, Facebook, 4Chan, and various other shady and illicit sites and services. Should we hate the internet because of this?

Crypto isn't inherently bad. It's the people trying to take advantage and duplicate the "success" of Bitcoin that make crypto bad. I'm telling you this as a person who used to believe in "crypto" and was an early adopter.

[–] CynicusRex@lemmy.ml 0 points 3 months ago* (last edited 3 months ago)

A hammer is a tool because no one but the hammer merchants gain financially if everyone were to buy a hammer. Crypto“currencies” are not purely tools but instead multi-level marketing pyramid Ponzi schemes because as soon as one has it they have everything to gain the more people buy it after them.

“Thirdly, early adopters mine or buy large proportions of the total supply at negligible costs while late adopters mine or buy negligible proportions at large costs. It follows that holders immediately have every incentive to get as many people to buy after them. Like stocks? Like stocks, but without the dividends or anything tangible in the real world [10]. Congratulations, you got yourself a pyramid scheme †.”

“† The stock market has largely become a pyramid/Ponzi scheme as well since most of the money does not exist and profits come from buyers or new entrants, i.e., the greater fool [16].” —Money corrupts; bitcoin corrupts absolutely, https://www.cynicusrex.com/file/cryptocultscience.html