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Miloslav Ciz 2023-02-26 17:02:33 +01:00
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crypto.md
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@ -4,7 +4,7 @@ Cryptocurrency, or just *crypto*, is a digital, virtual (non-physical) currency
The word *crypto* in *crpytocurrency* **doesn't imply that the currency provides or protects privacy** -- it rather refers to the cryptographic algorithms used to make the currency work -- even though thanks to the decentralization, anonymity and openness cryptocurrencies actually are mostly privacy friendly (up to the points of being considered the currency of criminals).
[LRS](lrs.md) sees cryptocurrencies more or less as **unethical** because in our view money itself is unethical, plus the currencies based on proof of work waste not only human effort but also enormous amount of electricity and computing power that could be spent in a better way. Crypto is just an immensely expensive game in which people try to fuck each other over money that have been stolen from the people.
[LRS](lrs.md) sees cryptocurrencies as not only unnecessary [bullshit](bullshit.md), but downright as an **unethical** technology because [money](money.md) itself is unethical, plus the currencies based on proof of work waste not only human effort but also enormous amount of electricity and computing power that could be spent in a better way. Keep in mind that **cryptocurrencies are part of [cryptofascism](cryptofascism.md)**; they're a way of digitizing harmful concepts existing in society. Crypto is just an immensely expensive game in which people try to fuck each other over money that have been stolen from the people.
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