• arsCynic@beehaw.org
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    1 day ago

    Almost without fail, every service that touches creeptocurrencies goes into a decline.

    Don’t expect Proton to make virtuous ethical choices anytime soon, especially now that Trump joined the cult. Once the greed bug has bitten, making a profit supersedes delivering a good product as the primary objective.

    Crypto Cult Science
    “Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin’s shortcomings, a financial instrument that brings out the worst in people—greed—won’t change the world for the better.” —https://www.arscyni.cc/file/crypto_cult_science.html

    https://fosstodon.org/@stardust/112404108681755769

    "Responsible financial diversification requires holding some assets outside of the traditional government controlled banking system. That's why Proton will continue to #HODL a significant proportion of our reserves in #Bitcoin to safeguard our independence." —Proton's response to Bitcoin magazine's: "Retweet if you are #HODLing 🙌"

    • Matt@lemmy.ml
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      1 day ago

      The only crypto to trust is XMR. Its blockchain is very opaque in contrast to Bitcoin.

    • azalty@jlai.lu
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      1 day ago

      I mean, I’m all for crypto, but proton posting about holding BTC is cringe

      I don’t agree with your first sentence though. There is some logic to using crypto, but solely using it as « haha numbers go up, profit, profit! » is stupid