revenant is a user on mastodon.social. You can follow them or interact with them if you have an account anywhere in the fediverse. If you don't, you can sign up here.
revenant @revenant

everybody loves bitcoin, the badly designed cryptocurrency that sucks

[1.5 years later] we regret to inform you that it somehow sucks even more now mastodon.social/media/QfVQ8a_n

· Web · 56 · 82

@revenant Not surprised. Typical purchases on Steam are small enough that even the lower fees with SegWit can be 10%+.

@revenant #Bitcoin is the worst cryptocurrency except for all the others that preceded it.

@revenant Don't see any mention of the fact that most bitcoin is mostly mined by burning coal increasing global energy costs (likely by a small margin).

@revenant Really surprised that Microsoft is still accepting them for purchases on XBox

@mdm i didn't know they ever started doing that. wonder what the usage statistics are like

@revenant I didn't even know Steam accepted Bitcoin in the first place, mes dieux.

@revenant I didn't even know Steam were accepting Bitcoin...

@revenant I agree it's a real issue, but to be fair, the design brief was always to offer an alternative currency to state currencies, but to be usable in times of volatility. Different contexts.

@revenant I haven’t taken the time to truly understand how cryptocurrency works and this article makes it sound like it doesn’t. 🤭

@revenant Ahh, bitcoin, the currency of choice for white, rich trumpist folks.