this post was submitted on 05 Oct 2024
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[–] stabby_cicada@slrpnk.net 1 points 2 years ago (1 children)

at least 130 countries are working on developing national cryptocurrencies.

CBDCs aren't cryptocurrencies.

As for the rest, "It's good because it's making lots of money" isn't as persuasive an argument as you think it is.

[–] Varyk@sh.itjust.works 0 points 2 years ago* (last edited 2 years ago) (1 children)

"CBDCs aren't cryptocurrencies"

Love to hear how you think cryptographic digital currencies aren't cryptographic digital currencies.

"As for the rest, "It's good because it's making lots of money""

cryptocurrencies are exceptionally popular tech with very active communities developing new technology that is constantly gaining popularity and value.

by your flawed metrics, solar power is "hype".

[–] stabby_cicada@slrpnk.net 1 points 2 years ago* (last edited 2 years ago)

Love to hear how you think digital currencies aren't digital currencies.

Not all digital currencies are cryptocurrencies. CBDCs are digital implementations of government-backed fiat currencies. If you don't understand the difference I don't have time to try to convince you, sorry.

by your flawed metrics, solar power is "hype".

Solar power produces energy. Cryptocurrency produces nothing and wastes energy doing it.