• Programmer Belch@lemmy.dbzer0.com
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          4 months ago

          Yes, I agree there is a stigma around bitcoin because of the amount of scams and ransomware that is around them but I don’t want to delegitimize decentralized currency.

          Currently the options are really bad because of the amount of resources they consume and their use as an investment option. I really wish there could be an option to have money outside of government control.

          • Sailor Sega Saturn@awful.systems
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            4 months ago

            I agree decentralized currency is great.

            All I need is some quarters and I can start my laundry without waiting half an hour for the centralized blockchain ledger’s global state to acknowledge the transaction.

            • Programmer Belch@lemmy.dbzer0.com
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              4 months ago

              That’s true, cash can be a more private alternative to electronic transactions but I also want an electronic counterpart, something with private and public keys. I am not knowledgeable enough on currencies and transactions to know how the system would work

                • Programmer Belch@lemmy.dbzer0.com
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                  4 months ago

                  Blockchain will never be a good system of private transactions as it takes too many resources to run it and you have to fork it all of the time because the chains get too heavy. That much I know and agree with.

                  I want an alternative and currently after the grift made because of crypto, no one wants to innovate in a private and decentralized currency. In truth, I haven’t searched that much for an alternative.

                  • rook@awful.systems
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                    4 months ago

                    The problem isn’t just the nature of blockchains, the problem is the uses to which such systems will be put. The explosion in ransomware fuelled by bitcoin et al isn’t something that can be replicated with physical cash at the same scale, for example (consider why you want electronic cash in the first place). Similarly, the need to “be your own bank” will always expose you to a greater risk of fraud and theft and loss, because being a bank is harder than people seem to think.

                    The technology involved is (almost) irrelevant.

          • Evinceo@awful.systems
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            4 months ago

            I really wish there could be an option to have money outside of government control.

            Define control

            • Programmer Belch@lemmy.dbzer0.com
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              4 months ago

              Knowing the where, who and why of every transaction. In other chain I agree cash is a good alternative but without an electronic component that I would prefer.

    • Shawdow194@kbin.run
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      4 months ago

      Ban cash then! BTC isnt a holy grail but a deregulated international currency isnt a bad idea