this post was submitted on 06 Jan 2024
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I dunno, been seeing quite a few posts from https://indieweb.social/@web3isgreat that do kind of give a bad impression…
Yeah, you hear about the things that go wrong and not about the ones that don't.
I'm not saying everything is perfect, obviously it isn't, but the people on here are talking about how incredibly shit it is without any redeeming qualities, which just simply isn't true. It's harder to prove a negative (that things aren't bad), especially since nobody's gonna write a "no protocol got hacked today, $x billion is safe" article.
My general problem with cryptocurrency is their environmental impact / resource usage compared to traditional payment systems.
It's a problem that's being solved. Bitcoin will probably suck in this regard forever, but Ethereum for example has migrated over to a much environmentally friendlier system.
Growing pains, but I think that we're on a good path going forward.