/biz/ - Business & Finance

>>50176749
Yes.

>>50176749
Sounds like the American Dollar!

>>50176749
Don't buy it, then, friend.

>>50176749
Algorand is energy efficient, the Algorand Corporation has a good ESG score, it is backed by the security and speed of the network, and it innovates through Pure Proof of Stake with immediate transaction finality.

>Crypto is one big Ponzi scheme. Tokens go up only when there are enough suckers to buy more of them
>Crypto has no intrinsic value. Unlike fiat, crypto isn’t backed by anything
>Crypto is killing the planet
>Crypto isn't safe. People keep getting hacked
>Crypto is for criminals
>Bitcoin was invented in 2008 and has failed to take off
>Blockchains aren't good for anything
>I still can’t buy my cup of coffee with Bitcoin
>Web3 is clunky and too hard to use

>>50176749
>crypto is destroying the environment, is backed by nothing, and doesn't innovate on anything

If that is the price of gambling, then that is a price i'm willing to pay.

>>50176749
>how do you respond
Go hit the gym fatty.

>crypto is destroying the environment
So are the cars you drive (gas or elec doesn't matter), so is the mass processed food you eat, so is the companies of products you consume daily without thinking twice. Anything that uses fossil fuels at all is destroying the enviroment. Oh by the way have you seen the infastructure and server farms that the oligarchy that is Visa and Mastercard use? That's totally good for the environment right?
>is backed by nothing,
Neither is fiat, money in general is just a concept, none of it is truly backed by anything except that we all agree to use it. Oh wait dollar is backed by oil? But isn't that destroying the enviroment?
>and doesn't innovate on anything
I'd argue Ethereum itself was very innovative in the fact that it's a giant P2P network which a wide range of cryptos of various purposes run on, also Bitcoin has a allowed for peer to peer transactions (while slow) to happen without payment processors or middle men.

>>50176749
I don't have to respond, it's not an argument it's a trade. If I'm right I make money not internet argument points

>>50176749
>random fatso says something
ok

>>50177015
>>is backed by nothing,
>Neither is fiat
Neither is gold

>>50176749
BTC is made secure by the sheer amount and cost of energy required to attack it (or mine it), fiat is also backed by nothing, and it is an innovation--- it can be thought of as automation of traditionally trust-based services

>>50176749
haha look at that fat incel fuck

>>50176749
hey fatfuck go play shitty unreleased FPS games, you dont know shit about creepto

>>50176749
I agree. It’s not worth the discussion

>>50176749
Check History, American Dollar is back by nothing too, so shut the fuck up
>Concerning PoW there are better algorithms now Like PoR which is environmentally friendly and allows mining on mobile phone

>>50179238
PoS is better

>>50179274
PoW- consumes more energy and also emits a lot of carbon
PoS- Less energy, ecosystem friendly, but Bais in choosing validator since the highest stake wins
PoR- Ecosystem friendly, allows Validators to be chosen randomly

>>50176749
Weird, I thought according to leftoids, nature and the environment are racist, and that we should all cram together in mega cities to live in pods.

>>50176749
Biggest environmental destruction comes from western standards for quality of life. Feel free talking when you have lowered your own to African poverty levels.

Jews get the rope

>is backed by nothing
There are Fortune 500 companies like Google, IBM, UbiSoft, LG and Boeing working with crypto entities like HBAR foundation to expand the Hedera ecosystem