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this post was submitted on 06 Jul 2023
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Ask Lemmy
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No? There's definitely some overlap but they're completely different concepts, just because I like Lemmy doesn't mean I enjoy unstable coins that use up a ton of energy for no reason and can lose their value by the end of the day
See, that was my response too! Federated servers will waste a bit of energy with duplicate fetch requests, sure, but it’s a far cry from the decades of compute time wasted with adversarial validation and cryptographic mathematics. And that doesn’t even deal with the shitty coins themselves.
Was very confused why they seemed to think the concepts were the same, and thought maybe I was the idiot.
The only concept that is the same I am aware of is that both are decentralized.
I think the person you were talking to had not really given as much thought into the subject.
Thinking about it too much makes them feel uncomfortable and less optimistic, so they avoid it and try to just focus on the many things they will buy when the value of their crypto coins inexplicably goes really high (which it might if a lot of money needs laundering, though I wonder if previous rounds worked out as well as they were hoping or if they got fucked by exchanges disappearing with their money in the night and decided to just go back to 3 mattress stores on one corner in various cities.
I honestly see* more overlap with the open-source community than with the crypto community
Lmao, this guy lightly flaming the crypto Bois in the fediverse.