Lussy [any, hy/hym]

What about the new sentiment that pushes the switch back to the gold standard, is this a pipe dream? Aren’t there some major backers of this idea who hold it to be viable?

Please explain like I’m a bean

I think that the industries based around cryptocurrencies and other blockchain technologies have always been, and have repeatedly proven themselves to be, nothing more or less than scams run and perpetuated by scam artists.

Can you please expand on this and help me out here?

I’m coming across people who are true believers in crypto and while I insist it’s a scam and it’s destroying the fucking planet, they go down the rabbit hole into places I can’t follow because I’ve literally not had the interest nor desire to read up on crypto.

They keep saying that what’s really destroying the planet is the existing financial system with all of the logistics involved with keeping it up as opposed to the cryptofarms adding to the demand on the electric grid. They say that is the goal, to replace the existing financial energy demand with crypto but again, it’s only added to it. Another talking point is that in the case of global climate catastrophe there will be pockets of electricity and cryptoservers somewhere on the planet and that while crypto will remain all the other financial systems will disappear

They also seem to somehow think it’s the fix to workplace bureaucracy somehow and everything in sight

Please impart some knowledge.

I was about to say this but remembered Sisyphus found pleasure in the process

deleted by creator