• REDACTED@infosec.pub
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    1
    ·
    edit-2
    6 hours ago

    Bitcoin is the one that’s useless. It was the first crypto using very inefficient methods that don’t scale well, resulting in extremly high fees, times and power consumption, which equals to consumption of entire AI industry

    • Cocodapuf@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      1 hour ago

      But it’s the easiest to acquire and the most universally accepted, I’ve used it to buy things and it wasn’t hard.

      I’m not saying it’s perfect, I’m not commenting on the ethical aspects, the environmental impact, any of that. Your thoughts on that are probably perfectly valid. But, if your goal is to use money that nobody can stop you from using, right now, Bitcoin is the right choice.

      • REDACTED@infosec.pub
        link
        fedilink
        English
        arrow-up
        1
        ·
        44 minutes ago

        I mean, there is another good reason - privacy. Bitcoin is hardly private, which is the reason even dark web stopped using it and moved to privacy coins.

        • Cocodapuf@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          15 minutes ago

          I mean as a buyer, use whatever coins you want, that’s fine. It’s not like you have to choose just one. You’re only limited by what coins any given store is willing to accept. That said, Bitcoin is accepted in more places than any other crypto. Similarly, there are more people with Bitcoin accounts than any other crypto. So as a seller, if you want to offer an option that more people can use, Bitcoin also makes sense from that angle.

          But honestly, do whatever you want. Really that is the strength of crypto, the freedom to make your own choice and the inability of anyone else to stop you.