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Comment by constantly | Hacker News Reader

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Crypto has been a scam from the beginning, the only thing that's changed is the public perception after NFTs bombed massively and crypto was once again left without any use case.

Depends on where you live, if you live in Zimbabwe suddenly it starts to look very attractive. Too many countries play fast and loose with their currency.

I live in the USA and it's also very attractive.

https://fred.stlouisfed.org/series/BOGMBASE

It definitely has uses cases.

E.g., use it to donate to sci-hub, ...

...

It definitely has a use case.

Even that. If it can be done better and easier without crypto, I don't consider it a use case.

How do you donate money to sci-hub without crypto?

I mean, I'd love to change my snarky one-element list to a zero-element list!

Huh? I've gotten paid for services in XMR. It already works. Even banks see the benefits of Ethereum.

Hey you dumb fuck, try living in a third world country and you'll find the use case real fast. Actually, you'll find out either way beause USA will collapse soon.

> on balance detrimental to society relatively recently

Let's not forget Crypto mining has a not insignificant energy footprint, and is a driver of climate change. Really, detrimental to society from the get-go.

> Crypto mining has a not insignificant energy footprint

So do casinos and Las Vegas. Its basically the same thing

Ethereum doesn't use mining and is incredibly energy efficient, estimated at 0.0026 TWh/yr (1/100th of Paypal)

https://ethereum.org/en/energy-consumption/

Paypal has far more than 100x the adoption of Ethereum

Ethereum processes 6x more than PayPal

That's... the kinda claim that begs a source and an air freshener.

https://money-movers.info/

minting coins and printing bills has a huge energy footprint too

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