Cryptocurrency

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Rakuen Growlithe
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Cryptocurrency

#1

Post by Rakuen Growlithe »

What are people's thoughts on cryptocurrencies? Have you used them at all?

I think it's good to have distributed currencies that are not government controlled, especially privacy-focussed ones like Monero which can function like digital cash, but I've still got concerns. There's the practical concern that you don't seem to be able to do too much with them; money that can't be used to buy stuff is rather pointless. I guess that might change over time but it's an issue now. The other problem is that Bitcoin mining is supposed to have a massive carbon footprint because the process is so inefficient. I don't know how specific that is to Bitcoin and cryptocurrencies based in it or whether it's just the only one people talk about because of it's popularity.
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Adagio
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Re: Cryptocurrency

#2

Post by Adagio »

BidOrBuy accepts bit coin as payment for some things.
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Rakuen Growlithe
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Re: Cryptocurrency

#3

Post by Rakuen Growlithe »

I remember hearing radio ads for them years ago but I've never used the site.
"If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind."
~John Stuart Mill~

“Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties.”
~John Milton~
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