cadence6.bsky.social
@cadence6.bsky.social
Just stumbled into being a murderous tyrant really
December 8, 2024 at 10:50 PM
1. It's a side affect of the design. Most other Cryptos don't use proof of work but bitcoin won't change as it's cult now.
2. There are not at the same time. Some cryptos are private ones when most are not. You can use which suits for your use case
December 6, 2024 at 7:55 PM
I don't think it was designed to reward early adopters but it's side affect.
In the same way my parents paid next to nothing for there house. A friend bought apple stock in 2005. That's more a wealth distribution question in general
December 6, 2024 at 4:53 PM
Most Cryptos are "proof of stake" which is less wasteful. You could argue that "Proof of work" is worth it to have bitcoin but I don't believe that.
There are options to use private cryptos but for the non private ones they give greater transparency then we have in present financial system
December 6, 2024 at 4:53 PM
Her stance on Crypto was awful tbh
December 6, 2024 at 1:14 PM
It went up massively as well when Biden took over. It's linked to business cycle
December 6, 2024 at 1:07 PM
It's not a scam in itself but there was bad players. It needs regulation that does not kill it. It's kind of like the internet in the early 00's now ie you wouldn't want to enter your credit card details
December 6, 2024 at 1:05 PM
Twitter still has massive user base. It's getting less but it's not at tumblr stage yet in user base anyway. But hopefully getting there 😀
December 1, 2024 at 6:42 PM
Hopefully it continues but I hope bluesky gets a bit more balanced with more right wing accounts as it progresses. In a cordial way of course !
November 30, 2024 at 8:25 PM