this post was submitted on 22 Aug 2024
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Solarpunk technology
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It's crypto, I've made money trading it, I've made money mining, I've seen the statistics as how much of the transactions are sketchy
Dude, we're just talking about using your extra energy to mine coins and sell it to someone else who is willing to buy..
mining isn't just magically making coins. it's verifying transactions in return for donations. Knowing most transaction s are sketchy means I'd knowingly be enabling that
Please provide sources on how mining a sand coin, etherium, dogecoin, algorand, Solana, or any other coin is doing this.
I realize it's used for money laundering at times, but I'm missing connections here.
It's not the coins themselves, obviously. People use crypto in plenty of dodgy ways. Most common crypto scams from the top of my head: rug pulls, nft's, play-to-earn, crypto exchanges blocking people from withdrawing but allowing transactions into Russia, people buying and selling on the black market.
I've seen all of these happen, and it's still an issue. I don't want to be enabling that
inb4 "nft's aren't inherently bad". It's not much different from the art industry. lots of laundering and tax avoidance there