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Crypto is like AI art. Stolen, fraudulent, vacuous. Have y'all considered putting this energy instead into contributing to society?

All Cryptocurrencies

by COINS NEWS 70 Views

I cofounded a food bank in 2018. We were never able to get nonprofit status for various reasons. We fed thousands of vulnerable people. Young kids got a decent school lunch because of our efforts. Single moms with abusive ex partners got to sleep a bit easier.

Food for thought.

When I see stories of people making huge amounts of money off crypto currencies my soul grimaces. Humble folks didn't have a chance to get rich off crypto. In the early stages when it was cheap it was a joke that had no relevance to society. When it became relevant it became expensive. Humble folks were busy making ends meet, they had no disposable income to buy it with, they didn't know it existed.

Crypto just an abstraction of capital. A concept of a concept. Sadly also very tangible. That capital stems from the labour of the proletariat and the global south. So y'all sit back and buy chunguscoin or whatever the fuck is the new trend these days and occasionally get very wealthy. It gets interpreted as an abstraction in order to keep the humble people of the world from getting their their share. Y'all are just reinforcing a toxic system.

Bitcoin is currently worth 93,462.54

What the fuck does that even mean

Likely the first currency was the Mesopotamian shekel, a unit of weight, and relied on the mass of something like 160 grains of barley. It corresponded to coherent human needs. It meant something. It was designed to help make human need exchange more coherent. It was designed to help.

Do you think y'all are helping or hurting?

Chunguscoin

submitted by /u/Radu47
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