Just got very lightly flamed by another user for making fun of crypto and was told that Lemmy and crypto have “the exact same advantages and disadvantages”. Now I disagree heavily there, since even if it shares some principles I’d argue that the scale of the problems change when you’re talking about a global finance system versus a social media platform filled with beans. But it did get me curious- how many of you are crypto supporters?
I would argue no, in fact I feel like the Fediverse is a functional version of decentralization as opposed to Block Chains.
Block Chains are resource heavy, to the point of effecting the ecosystem. They’re supppsed to be 100% reliable yet major Block Chains have already needed to fork their databases, plus it’s very easy to scam and hack into wallets without any legal repercussions. And they have little to no use cases so we had to invent uses like Crypto and NFT. (Yeah there could be use cases for deeds and stuff, but with the unreliability I don’t want Block Chain anywhere near my house deed).
Meanwhile we have the Fediverse, which is essientially like a bunch of Discord servers stringed together, and it accomplishes a decentralized social network without the planet destroying or needless money speculation added on top.