[workallday21]

I'd say the current banking system does an excellent job at money laundering and most major companies seem to play the tax system like a fiddle as to pay less taxes than a fast food employee.

So, what's left? Oh, the climate. Where to even begin here? Call me when hash function workers create smog in a small city. Until then, our industry seems quite capable of killing the planet by itself.

It's better for the world long term if people that care about it are not poor. So, do make money and improve the world in other ways. Clearly you can offset with good deeds whatever energy will be wasted.

[louwrentius]

Sad whataboutism.

Our current bankjng system isn’t perfect and criticism is OK.

But that doesn’t absolve Bitcoin frim their damaging impact.

And remember that Existing financial systems do a lot of good, they are a core part of our societies.

Bitcoin and other crypto doesn’t provide any legitimate benefit to our societies, it damages and undermines them.

[fsociety]

It’s a privilege to get to say that the existing (fiat) financial system does a lot of good. Yes, it is a core part of our society but it is cruel. The government, ultimately, makes this worse. Perhaps we will see this change, only time will tell. Until then, cryptocurrency is an evolving force that has armed individuals with hope to get out of the pile of shit. I think it will change the world in a big way. You don’t agree and that is cool. But I encourage you to open your mind a bit. The USD has been an unstoppable force in supporting tax evasion, money laundering, climate warming, and straight up killing of others. It has been used to undermine and destroy societies outside of America. Why do you ignore this and focus on one archetype of a cryptocurrency investor? With your logic, anyone who owns a USD is responsible for all that destruction caused by it. Food for thought, maybe.

[workallday21]

I think it won't be long until this tech will be used by banks because it seems to work rather well.

As for a benefit, if you consider crypto as a mode of protest alone it has value.

People are allowed to smoke and destroy their health (and of those nearby), people are allowed to gamble, people are allowed to buy to biggest truck that pollutes to no end. How is that legitimate and how does that benefit more to society?

It's a weak system one that works only when it has no competition.