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drewdevault.com

[mirror] blog and personal website of Drew DeVault git clone https://hacktivis.me/git/mirror/drewdevault.com.git
commit: 4e8b031b9618cce6a1d560426846ee9ebd0b0dc8
parent aa8a4827e2a4ad5dfd316e107e02929cb99697df
Author: Drew DeVault <sir@cmpwn.com>
Date:   Mon, 26 Apr 2021 11:30:36 -0400

Clarify why I asked readers to disclose stake

Diffstat:

Mcontent/blog/Cryptocurrency-is-a-disaster.md4+++-
1 file changed, 3 insertions(+), 1 deletion(-)

diff --git a/content/blog/Cryptocurrency-is-a-disaster.md b/content/blog/Cryptocurrency-is-a-disaster.md @@ -110,11 +110,13 @@ When you're the only honest person in the room, maybe you should be in a different room. It is impossible to trust you. Every comment online about cryptocurrency is tainted by the fact that the commenter has probably invested thousands of dollars into a Ponzi scheme and is depending on your agreement to -make their money back. Not to mention that any attempts at reform, like +make their money back.[^3] Not to mention that any attempts at reform, like proof-of-stake, are viciously blocked by those in power (i.e. those with the money) because of any risk it poses to reduce their bottom line. No, your blockchain is not different. +[^3]: This is why I asked you to disclose your stake in your comment upfront. + Cryptocurrency is one of the worst inventions of the 21st century. I am ashamed to share an industry with this exploitative grift. It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich,