>You obviously don't know what trustless means.

I do know what trustless means and I do know that you don't know what trustlessness implies.

>If you're saying crypto in general cost loads of energy. It's actually far far far less than the normal banking system. Look at how much energy Visa alone uses. Seriously think about this for 5 seconds. You never hear about media bitching about how much energy the banks use, you never even hear it come up in normal media. But how much energy do they use to just stay alive and do what they do? How much energy does it cost just to send money to someone overseas?

There is a difference in neccesity. We need banks. We don't need crypto. Also I do know banks use a lot of energy BUT crypto would use more if it were to replace it. BTC transfer is 5-6 orders of magnitude less efficient than VISA transaction and others don't fare much better until you introduce "lightining network" or whatever it was called but that's just reinventing VISA and you solved nothing.

>To send money to another country it might have to go through 15 countries and several weeks even if you're sending money to a country in walking distance. And each location takes a massive fee with it.

And crypto doesn't have fees? Also this problem already has a solution - a third party with pools of money on both sides which takes your money on one side and outputs on the other through it's own internal system. You just put some trust in them and possibilities are endless.

Also you need to buy your clown tokens on one side and have someone to buy them on the other while hoping the market won't tank in the mean time. Cryptos aren't currencies as they don't have economies where they circulate.

>If you're using the mining bit. Most are staking, but even if all were mining. It uses far less energy than Christmas lights in the USA alone. Lights that are just meant for cosmetic, that are only around for a month or less, and it's only looking at 1 country vs a world wide crypto mining. But... you don't hear anyone bitching about how much energy Christmas lights use. Keep in mind a ton of energy your power plant makes is wasted to prevent blackouts. That wasted energy in some locations goes to crypto mining and ramps up or down based on the electric company. Some electric companies even mine to help with this.

While handling how many operations? Yeah, not that many. Christmas lights have the benefit of looking nice. Can't say the same about crypto. Also fun fact - staking means trusting the parties of the system. So trustless.

Well how about instead of setting up crypto space heaters we install electrolysers to produce hydrogen? Same capabilities in load balancing with added benefit of using this surplus energy to produce something with tangible value, hydrogen, which we'll need a fuckton of in the near future. Oh, but that does not support the case for crypto, does it? Yeah...

>Trustless means the system works even without trust. I don't need to trust you to do the right thing, and you don't need to trust me to do the right thing. No trust is needed.

Idk who are explaining it to but in return I have an explanation of you of a phenomenon which is the inevitable obstacle which crypto will never overcome - trust is inversely correlated to energy expenditure. The less trust there is in your system the more energy you use. We can look at existing systems to notice this trend. Why do we need money? To exchange our work for it to get the things we need using it. Economy is a system where money circulates and represents work which someone somewhere put into something someone else needed. I'll leave out speculation on the market, crime and other weird events because they complicate the explanation while not adding anything new. So, money is a form of safeguard in the society which guarantees that you did some work to exchange for someone else's work. We build whole gigantic system around money and it's flow - a system which we use a fuckton of resources to run. Now, what would happen if we just could trust each other that everyone is doing their part? This system is no longer needed so we don't use energy to run it. Same goes for law (we can't trust that everyone is good), cryptography (we can't trust that nobody is listening), military (we can't trust our neighbours won't attack us) and so on. Every such systems demands energy because there is a lack of trust. Crypto also is a subject to this phenomenon - BTC uses a fuckton of energy because it requires relatively low amount of trust to work but it's not trustless because there are attacks against it and the system is only as good as the code. Staking takes less energy because you actually have to trust stakeholders. This is why crypto is dumb - you spend a fuckton of energy chasing trustlessness which isn't even there. Not even talking about psychological reasoning that people who are afraid to trust anyone and want trustless systems are dysfunctioning members of the society as it's built on trust as much as possible.

>I just told you this system exist in crypto. An AI/software ran company is called a DAO. That stands for Decentralized Autonomous Organization.
>
>We have a ton of them. One of the major plus of a DAO is it cuts out the corruption from the upper staff and the management of a company. Some pay full salaries with real $ to employees. Hiring accountants, graphic artist, and so on. Their boss is an AI.

DAOs' main reason of existance is avoiding legal liability for the shit certain group of people does "It wasn't us, it was the DAO". Someone has to be kept liable for the shit people do and we can't make "The Code" liable. Also bunch of ifs on the blockchain isn't AI. Tbh I have yet to do a deep dive on DAOs so here I have to fall back on Dan's video.

>We don't worry about transactions finishing. Stable coins are pegged to the $. 1 coin = $1.

Which is pegged by a pinky promise because no security guarantees exist. One word - TerraUSD. Potential for scams is endless if your promise people to keep their money without any outside control.

>The average person that transfers fiat to another country loses over 15% of the value due to fees and other things. It could take a few weeks.
>
>Crypto can be near instant. And some like Nano has 0 transfer fees.

I proposed an existing solution after third citation (above). You don't need crypto for it to be either instant or free. Also you get way worse transaction efficiency and all other problems of crypto.

>And?

And this points out to the fact that you're a cryptobro. Maybe good willing but ultimately misguided person on what society needs to be better and why it's not crypto.

>During this you proven your knowledge starts and ends with old propaganda. That you do 0 research in something.

If all what I said up to this point is "propaganda" by your standards then I can simply call out that there probably is a conflict of interest on your side as I hold no stakes in either crypto or banking system. You can call what I say propaganda if you want but at the end of the day company menagers are a lot money oriented people than I am and if crypto was as useful as you claim there would be companies implementing it left and right. There aren't and those that do implement it don't even operate with crypto but make deals with exchanges to convert it and just give them money directly which creates no crypto economy as the chain of crypto flow is broken.

Also age of the argument doesn't make it better or worse. It's not my fault cryptobros chose to speedrun 2 thousand years of finance only to arrive with same solutions that we already have but worse.

>Did you know most gov are working on their own CBDC. This is to include the USA. Basically after a given point you won't be able to use or get physical money, and all of it is going to be on the blockchain. Some countries already are pushing out there CBDC.

Which isn't crypto and there is no blockchain here. Blockchain is just an immutable database and shitty one at that. "Sorry bro, code is law. We can't undo the theft of your money" - said and will say no bank ever. Also CBDCs will be built on trust in the central authority. They aim for formalisation of already existing state of things - that is that money is increasingly virtual. None of the "projects" of cryptosphere will be implemented as the official solution.

>Now here is my question for you. Why do you care? Like why are you getting pissed? Why are you taking it so personal?
>
>Nothing you do will change what will or has happened. So why care enough to get pissed over a technology to the point you want to slander it without doing an ounce of research.

Because I hate inefficiencies, tech grift, greed, scams and other stuff associated with crypto and my comments are here to potentially inform anyone who doesn't know how wrong cryptobros are. I've already heard DYOR from flat earthers, anti-vax, tankies and other unhinged types who have trust issues. Also DYOR actually means "read same things as I do" because it implies that every research that you do which contradicts what "DYOR" guy said is wrong which is just dumb. I linked "Line goes up" because I trust that in the chain of people that did and passed on their research forward problems have been ironed out and I don't need to schizophrenically check everything that they said. It's good to live without trust issues.