[crypto]

50% of transactions were fraudulent' when Steam acce...

Steam briefly allowed bitcoin payments

and half of all transactions were fraudulent

so they stopped

and prices of games would vary by orders of magnitude as the market fluctuated

but bitcoin totally isn't a scam guys i swear

love Gabe just throwing cryptobros under the bus like, "yeah it's a lot of fucking scams"

"There's a lot of really interesting technology in blockchains and figuring out how to do a distributed ledger, [but] I think that people haven't figured out why you actually need a distributed ledger," Newell said.
yeah that sums up my feelings on blockchain perfectly

"the technology is interesting but what the fuck are you guys even doing here"

I saw a take the other day saying

"It's INTERESTING how people talk about the energy footprint of crypto but not the energy footprint of the ENTERTAINMENT industry"

and it's like

that's because the entertainment industry isn't trying aggressively to replace some other established industry that uses a quarter as much energy

if you shut down the movie industry, we stop getting movies

if you shut down NFTs,

images are still there

as is money

lmao yeah. plus the energy footprint of crypto is very outsized compared to the...."benefit"??? it provides

the entertainment industry's is not

hollywood lets me see a city explode in slow motion

NFTs let me see an ugly monkey, except I can already do that

those old looney tunes environmentalist gags where they cut down an entire tree to make one 2 pencil

that's the kind of energy footprint to tangible result ratio that cryptocurrency and minting things on a blockchain actually has, in reality

i tried to describe nfts to my parents once and worked myself into a frothing rage