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slashdot
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PayPal Explores Launch of Own Stablecoin in Crypto Push
PayPal is exploring the launch of its own stablecoin as part of its cryptocurrency push, according to the company, which confirmed the development after evidence of the move was discovered inside its iPhone app. From a report: "We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators," Jose Fern ... ⌘ Read more
prologic
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Someone answer me a dumb question about all these "companies" adopting some form of Cryptocurrency.

Q: Are they all based on Proof-of-Work and a public Blockchain-based ledger?

If so, aren't we going to make energy consumption even worse globally than it already is from Bitcoin mining and transaction verifications, thus contributing to the global CO2 crisis? 🤔 #CryptoCurrency #ClimageChange
prologic
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Someone answer me a dumb question about all these "companies" adopting some form of Cryptocurrency.

Q: Are they all based on Proof-of-Work and a public Blockchain-based ledger?

If so, aren't we going to make energy consumption even worse globally than it already is from Bitcoin mining and transaction verifications, thus contributing to the global CO2 crisis? 🤔 #CryptoCurrency #ClimageChange
eaplmx
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Perhaps not, sounds like a semi-descentralized scheme with Blockchain as an attached buzz word... #noIdea
prologic
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@eaplmx So basically give a float64 a different name let's say "Shitcoin", springly some buzz of "Crypto" and "Blockchain" around, still use the same ancient COBOL backing systems and call it a day? 🤔 🤣
prologic
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@eaplmx So basically give a float64 a different name let's say "Shitcoin", springly some buzz of "Crypto" and "Blockchain" around, still use the same ancient COBOL backing systems and call it a day? 🤔 🤣
kt84
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@prologic ohh sounds good. where do I buy it??
thecanine
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@prologic Despite me still hating both this and NFTs, which I'll probably hate forever (or as long as they keep being ab-used for "art"), some at least moved from Ethereum to Solana (https://solana.com/environment), which I don't know too much abuse, but it seems to be a lot less energy hungry. 🤔
eaplmx
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Disclaimer: I like some parts of the Blockchain innovation, the tech possibilities. But then we arive to the knife dilemma. It can save a life or kill a person.

I dislike that Crypto (along with buzzwords of the moment like meta verse) is about money and power, so it attracts people looking for easy opportunities and scams.

I think it's not a black and white. Not everything is good, not everything bad.

We were joking about Walmart directives asking the tech team... "Add 20% more of innovation, what 10% of meta verse and 10 of Crypto?"
Sounds like that with PayPal
eaplmx
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sorry for the typos, my phone keyboard is playing with me 🙃
prologic
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@eaplmx HahahHa 🤣😂🤣
prologic
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@eaplmx HahahHa 🤣😂🤣