Bitcoin is Stupid and Does Not Deserve an Emoji
thedabbler.patatas.ca

35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.

F that

  • smallpatatasOPEnglish
    3516·
    1 month ago

    normalizing scams, by laundering their image via standards organizations, pollutes our communications environment. Both an emoji and a petition are symbolic - and our symbols are in fact important.

    • CeeBee_Eh@lemmy.worldEnglish
      1236·
      1 month ago

      Bitcoin isn’t a scam. All non-bitcoin cryptocurrencies are scams.

      People often hear about stuff like coins that are pre-mined, or proof-of-stake and the schemes and scans that come out of those, and immediately associate Bitcoin with the same thing.

      • shortwavesurfer@lemmy.zipEnglish
        236·
        1 month ago

        That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.

        • sugar_in_your_tea@sh.itjust.worksEnglish
          122·
          1 month ago

          Exactly. Most cryptocurrencies are scams, but a handful are fantastic. Ethereum is cool for being proof-of-stake (so no high-energy mining), and Monero is cool for being super privacy-oriented. There are a handful more, but honestly, if you stick with Bitcoin, Ethereum, and Monero, you’ll be fine.

          • shortwavesurfer@lemmy.zipEnglish
            3·
            1 month ago

            That’s pretty much exactly my thought. I hold a very very small amount in Polygon, but only in order to pay the gas fees for the Polygon network. So I never have more than a few US dollars worth in it at a time.

            • sugar_in_your_tea@sh.itjust.worksEnglish
              2·
              1 month ago

              Yeah, I basically just do Monero, and I use it as a spend account and use it anywhere it’s accepted. I don’t invest in any cryptocurrencies because I don’t think cryptocurrencies have positive expected return (it’s all hype), so I keep the amount of crypto I have small.

        • Mubelotix@jlai.luEnglish
          8·
          1 month ago

          Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash

          • shortwavesurfer@lemmy.zipEnglish
            21·
            1 month ago

            That’s true. I suspect the application programming is the only reason that it actually took off.

      • glassware@lemmy.worldEnglish
        77·
        1 month ago

        Of course bitcoin is a scam. It’s a “currency” you can’t spend anywhere. It’s only purpose is a pump and dump scheme for early adopters.

        • 0x0@programming.devEnglish
          75·
          1 month ago

          It’s a “currency” you can’t spend anywhere.

          You could’ve at least pretended to have done some basic research…

        • CeeBee_Eh@lemmy.worldEnglish
          35·
          1 month ago

          It’s a “currency” you can’t spend anywhere

          Lol

          It’s only purpose is a pump and dump scheme for early adopters.

          This is exactly what many alt-coins are but Bitcoin is decidedly not.

          You’re confusing “easy to mine” with “early adopter scam”.