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one more shitty techbrofad down (slrpnk.net)

submitted 16 hours ago by [email protected] to c/[email protected]

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https://www.goingconcern.com/ais-hype-phase-is-dying-and-fast/

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[–] [email protected] 26 points 13 hours ago (1 children)

You see, no one actually wants a digital currency. There have been several (nano was my favorite) that functioned especially well as a currency, because it used very little compute power to perform or verify transactions.

But a currency is stable. Which means you don't magically make money by holding or trading it. So it doesn't get attention, and therefore doesn't get widely adopted.

Everyone likes Bitcoin because it's speculative digital gold.

[–] 9point6 11 points 11 hours ago

There are plenty of people who want a digital equivalent to cash from a privacy perspective.