Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

WallStreetBets members adopt 3,500 gorillas in six days

bbc.co.uk

Post reply on HN
Print view View original

81–90 of 321 posts

Re: WallStreetBets members adopt 3,500 gorillas in six days

#81

Post by nerdponx »

viraptor wrote: post #54
epanchin wrote: post #51

Earlier quoted context omitted.

A token that needed a regular transfer of funds to retain ownership would be really quite neat. A contract that showed I am the adoptee of Harry the gorilla, and provides a regular income for the charity. If I can’t keep up the payment I sell the token. Fail to pay or sell the token and it reverts to the charity issuer.

You can do that without the NFT right now with many charities. If you want it publicly visible you can tweet your receipt.

Why do people say stuff like this?

You don't need email either, just write a letter or send a fax.

The point is that here is a piece of new technology that's part of a new vision for the future. Maybe you think it's an unrealistic vision, but that's no reason to sneer at people who disagree with you.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#82

Post by mszcz »

Sebb767 wrote: post #77
mszcz wrote: post #69

Earlier quoted context omitted.

I don't think that cryptocurrency energy consumption is as big a problem as it's been recently painted in the media. Bitcoin, Ethereum etc. are, potentially, self-contained, almost complete, final, financial systems. Using a VISA card (for instance to make the same contribution to wild-life preservation) would use a fraction of the energy that's used to sustain cryptocurrencies, sure, but that's not a fair comparison…

And mining Bitcoin requires chip makers (including rare earth materials), the tech industry and the whole internet. If you include side channels in visa, you'll need to do the same for Bitcoin. Yes, Bitcoin has advantages, but low energy consumption is not one of them.

I never said it's energy usage is low. I said (more or less) that for what it is it's energy usage is low.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#83

Post by mszcz »

pas wrote: post #78
mszcz wrote: post #69

Earlier quoted context omitted.

I don't think that cryptocurrency energy consumption is as big a problem as it's been recently painted in the media. Bitcoin, Ethereum etc. are, potentially, self-contained, almost complete, final, financial systems. Using a VISA card (for instance to make the same contribution to wild-life preservation) would use a fraction of the energy that's used to sustain cryptocurrencies, sure, but that's not a fair comparison…

The estimated energy consumption of BTC is between the electricity consumption of Ukraine and Argentina. It's as if everyone would be a banker in Ukraine and every building would be a bank. Seems excessive.

I didn't do the math on this one, but it seems to me that the whole financial system (and all that's needed to ensure it's reliability and security) uses a bit more energy than Ukraine or Argentina.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#84

Post by tarsinge »

edoloughlin wrote: post #53
tudorw wrote: post #48

Earlier quoted context omitted.

Can someone get busy wrapping endangered species as NFT's and direct the funds accordingly, timing seems about right...

Can someone get busy wrapping endangered species as NFT's and direct the funds accordingly' Can't help but wonder how much habitat is destroyed by the generation of a token.

Not that much compared to other direct or indirect causes.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#85

Post by dmos62 »

tokai wrote: post #79
dmos62 wrote: post #60

Earlier quoted context omitted.

It's not being pedantic, but accurate. It took me a confusing 30 seconds to understand that the gorrilas won't be coming home with the owners of Reddit.

You not knowing the common usage of the word adopt in charity work doesn't make you accurate.

Ok, if we're getting pedantic about it, adopting as a synonym for supporting is a misnomer or more specifically an attempt to conceal the conflict of wanting to support something, but being unwilling to become intimately involved with it. It takes away from the genuine act of adoption. So I'll stand behind not using the term.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#86

Post by lower »

skohan wrote: post #24

Just to put this in perspective, the global population of mountain gorillas is 1,063, so this represents the symbolic adoption of over 3 times the mountain gorillas alive in the wild! I hope this unexpected boon in capital will allow for some meaningful work in preserving and protecting these rare animals. It would be an interesting footnote in history if we can look back in 50 years and draw a line between an intern…

You mean they've been short-selling gorillas?

Re: WallStreetBets members adopt 3,500 gorillas in six days

#87

Post by yitchelle »

tudorw wrote: post #48
skohan wrote: post #24

Just to put this in perspective, the global population of mountain gorillas is 1,063, so this represents the symbolic adoption of over 3 times the mountain gorillas alive in the wild! I hope this unexpected boon in capital will allow for some meaningful work in preserving and protecting these rare animals. It would be an interesting footnote in history if we can look back in 50 years and draw a line between an intern…

Can someone get busy wrapping endangered species as NFT's and direct the funds accordingly, timing seems about right...

A bizarre scenario would be a digital photo (NFT of sort) of the rare animal becomes extremely high value, and end up causing the animal to be extinct.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#88

Post by ethbr0 »

yitchelle wrote: post #87
tudorw wrote: post #48

Earlier quoted context omitted.

Can someone get busy wrapping endangered species as NFT's and direct the funds accordingly, timing seems about right...

A bizarre scenario would be a digital photo (NFT of sort) of the rare animal becomes extremely high value, and end up causing the animal to be extinct.

To be macabre, genetic sequencing an animal and then eradicating the species would increase the data value. Thankfully, posting an open sequence on the net would remove the rationale for the horrible part of that sentence.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#89

Post by MR4D »

tudorw wrote: post #59
tudorw wrote: post #55

Earlier quoted context omitted.

Energy usage is a recognised issue and while it offers challenges they are understood and developers are keen to address this. If you want to start deconstruction of the industrial military complex that would be just fine and might really start to change things, until then I argue there are more worthy targets for your ire than the energy use of an emerging technology.

Which token, which platform, there are more than 1

GorillaCoin (tm).

Re: WallStreetBets members adopt 3,500 gorillas in six days

#90

Post by [deleted] »

dmingod666 wrote: post #68
edoloughlin wrote: post #53

Earlier quoted context omitted.

Can someone get busy wrapping endangered species as NFT's and direct the funds accordingly' Can't help but wonder how much habitat is destroyed by the generation of a token.

Humans - that is problem number one. Like agent smith said in the Matrix. "Human beings are a disease, a cancer on this planet.." - Advocating for this cure will solve all the problems..

[deleted]
Post reply on HN