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   Aether ??? (aether@poa.st)'s status on Friday, 29-Mar-2024 21:49:25 JST Aether ???
   With Sam Bankman-Fraud headed to prison for 25 years, the era of blockchain grifters Gen 1 is over, and we are entering the era of blockchain grifters Gen 2.
   
   techcrunch.com/2024/03/28/sbfs-prison-sentence-marks-the-end-of-the-crypto-grift-era-so-whats-next/
   
   And AI grifters as well.
   
   The article tries to paint Bitcoin as something different and better because it is deliberately slow, painful, and expensive to use, but those aren't actually good qualities in a currency. You want something fast, simple, and cheap to use, and merely slow, painful, and expensive to fake, or to steal.
   
   That's the big issue with crypto, and nobody has solved that problem yet.
   • Embed this notice
     Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 29-Mar-2024 21:49:25 JST Bread up, Bro

     in reply to
     @Aether remember there are different types of tools for transferring money as well. You can use cash, or a check, or a fedwire. You don't want to use a fedwire to send $20, but $150,000? not a bad option.