this post was submitted on 08 Apr 2026
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[–] Paragone@lemmy.world 0 points 3 days ago

Then they are IDIOTS at understanding crypto.

Bitcoin is the ecologically-costliest/electricity-costliest/machine-costliest cryptocoin to standardize on: it's nearly used-up.

They'd have been much saner to have standardized on some other crypto.

I'd prefer that Algorand-type ones were standard, but they can be attacked by country-level attackers.

For anybody who wants outside-the-hype-bubble view of what crypto is, & how its ecology works, PLEASE read https://www.kobo.com/us/en/ebook/attack-of-the-50-foot-blockchain-bitcoin-blockchain-ethereum-smart-contracts

The reason that Steampowered stopped taking crypto, is plain, in that book.

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( PS: I'd enforce that there be an Algorand-type crypto for recording accounting-records with, country-wide, so that books couldn't be "cooked" between closout-of-the-books & reporting. & I'd want to make daily closeout normal, if possible. Cisco did that, years ago, so it is possible, but some will scream against such economic-integrity measures, of course.. )