A few days ago I posted about how Mozilla accepting cryptocurrency had created a stir, Mozilla has listened to people’s responses and is halting cryptocurrency donations until they review the current state of crypto to see if it is in line with their stance on the climate. They have said they will have an open and transparent process involving this.
Archive: https://archive.md/yTrel
look, just because that’s what crypto was meant to be, doesn’t mean that’s actually what it is.
the unfortunate truth is that cryptocurrency’s value is so closely tied with the amount of fiat that people invest into it that it’s impossible for it to be a standardized form of currency. there’s too much legitimate money to be gained by convincing people to invest in it that it will never break free of that dependency. it’s the same with any token based system that makes it to market (which, believe me, is the real goal of most alt system currencies). once actual money got into the mix, the dream of a standalone digital market place died. the best way to get crypto back on track would be to pull it from outside investment opportunities and make it standalone again.
also bad for the environment etc… made a huge post about this already but there’s a lot of those things out in circulation now. they’re a very convenient ponzi scheme, and it’s due to a combination of being innately tied to market value + the fact that not many people understand them
i have to disagree with your last statement just a small bit. the world is shit because people have realized there’s much to be gained when everyone else doesn’t fully understand what you’re really doing