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Bitcoin is Stupid and Does Not Deserve an Emoji (blog post) (thedabbler.patatas.ca)

submitted 3 months ago* (last edited 3 months ago) by smallpatatas@lemm.ee to c/technology@lemmy.world

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35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

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[-] smeeps@lemmy.mtate.me.uk 1 points 3 months ago

Bitcoin is terrible for that though. High transaction fees, slow transaction speeds, everyone can see your balances and transactions (and with KYC requirements it's very easy to link a wallet and a coin to a person).

Monero is the only digital currency worth having.

[-] deafboy@lemmy.world 1 points 3 months ago

Monero is great. Except for the fact that when the dev team dislikes what miners are doing, they introduce a new arbitrary rule, and everyone just goes with it. Having a process to introduce such changes unilaterally is a bug that needs to be fixed first.

Also, there's a lightning network which allows you to transact bitcoin fast and cheap. Although the privacy aspect is still not solved there.

this post was submitted on 04 Aug 2024

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