Crypto Currencies - What do you think about it?

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Header Crypto

Lately, I came across this thesis survey:

Which made me think about:

  • What do you, as a developer and also non-developers, think about certain aspects of crypto currencies?
  • Have you even heard of it?
  • Do you think it's something that you will work on in your coming years?

Please let me know and definitely check out the survey to answer those questions made by AnnaRomeroSierr

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"Cryptocurrencies" is an oxymoron in my opinion. The more successful of them are basically Ponzi schemes which makes them as reliable as betting on horse racing, the others don't even have any real-world use.

Where - outside some Asian cities - can I pay with XEMs? If I can't pay my coffee with it, it is not a currency.


Cryptocurrencies are so volatile as to be worse than useless as a store of value. The volatility encourages hoarding ("I'm hanging on until it recovers/hits the next milestone") and discourages its use as a medium of exchange. The difficulty and unpredictability of transacting in cryptocurrencies have so far meant that its best-known uses have been either speculation or trafficking in illegal goods. And proof-of-work has wasted a staggering amount of electricity that could have been put to uncountable better uses. Fiat money has problems, but crypto has more.

Classic DEV Post from Apr 30

Who's looking for open source contributors? (April 30th edition)

marpme (Marvin) profile image
javascript, blockchain and infosec criticizer and developer.