commit: aa8a4827e2a4ad5dfd316e107e02929cb99697df
parent 4f097ce5dac3bb8b547d7f1ea8c98465afc8a6a5
Author: Drew DeVault <sir@cmpwn.com>
Date: Mon, 26 Apr 2021 11:14:51 -0400
Typo #2
Diffstat:
2 files changed, 2 insertions(+), 2 deletions(-)
diff --git a/content/blog/Cryptocurrency-is-a-disaster.gmi b/content/blog/Cryptocurrency-is-a-disaster.gmi
@@ -18,7 +18,7 @@ Cryptocurrency problems are more subtle than outright abuse, too. The integrity
There are hundreds, perhaps thousands, of cryptocurrency scams and ponzi schemes trussed up to look like some kind of legitimate offering. Even if the project you’re working on is totally cool and solves all of these problems, there are 100 other projects pretending to be like yours which are ultimately concerned with transferring money from their users to their founders. Which one are investors more likely to invest in? Hint: it’s the one that’s more profitable. Those promises of “we’re different!” are always hollow anyway. Remember the DAO? They wanted to avoid social arbitration entirely for financial contracts, but when the chips are down and their money was walking out the door, they forked the blockchain.
-That’s what cryptocurrency is all about: not novel technology, not empowerment, but making money. It hass failed as an actual currency outside of some isolated examples of failed national economies. No, cryptocurrency is not a currency at all: it’s an investment vehicle. A tool for making the rich richer. And that’s putting it nicely; in reality it has a lot more in common with a Ponzi scheme than a genuine investment. What “value” does solving fake math problems actually provide to anyone? It’s all bullshit.
+That’s what cryptocurrency is all about: not novel technology, not empowerment, but making money. It has failed as an actual currency outside of some isolated examples of failed national economies. No, cryptocurrency is not a currency at all: it’s an investment vehicle. A tool for making the rich richer. And that’s putting it nicely; in reality it has a lot more in common with a Ponzi scheme than a genuine investment. What “value” does solving fake math problems actually provide to anyone? It’s all bullshit.
And those few failed economies whose people are desperately using cryptocurrency to keep the wheel of their fates spinning? Those make for a good headline, but how about the rural communities whose tax dollars subsidized the power plants which the miners have flocked to? People who are suffering blackouts as their power is siphoned into computing SHA-256 as fast as possible while dumping an entire country worth of CO² into the atmosphere?2 No, cryptocurrency does not help failed states. It exploits them.
diff --git a/content/blog/Cryptocurrency-is-a-disaster.md b/content/blog/Cryptocurrency-is-a-disaster.md
@@ -80,7 +80,7 @@ the door, they forked the blockchain.
[DAO]: https://en.wikipedia.org/wiki/The_DAO_(organization)
That's what cryptocurrency is all about: not novel technology, not empowerment,
-but making money. It hass failed as an actual *currency* outside of some
+but making money. It has failed as an actual *currency* outside of some
isolated examples of failed national economies. No, cryptocurrency is not a
currency at all: it's an investment vehicle. A tool for making the rich richer.
And that's putting it nicely; in reality it has a lot more in common with a
