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WallStreetBets members adopt 3,500 gorillas in six days

bbc.co.uk

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

#201

Post by reaperducer »

iso1631 wrote: post #43
skohan wrote: post #28

Earlier quoted context omitted.

"adoption" is the terminology used by the foundation, and symbolic adoption is a known quantity in this type of operation so I don't have a problem with it. However referring to wallstreet bets users as "investors" does seem like a bit of a misnomer...

I think "investors", with the quotes, is quite accurate "investors" would be wrong ""investors"" would be fine How do you quote this type of quote?

How do you quote this type of quote?

In the United States, it's "'investors.'" Just like you've seen in books where a character is quoting another character.

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

#202

Post by codebolt »

thebean11 wrote: post #193
groby_b wrote: post #133

Earlier quoted context omitted.

Uh... Selling a single token? 8.7MWh[1] That's slightly less than the average US household consumes in a year. [1] https://www.wired.com/story/nfts-hot-effect-earth-climate/

Creating a token does not consume any additional energy. Transaction volume does _not_ scale with mining so it's a really bad comparison. The energy is spent to secure the network regardless of how many transactions are processed (in practice, transaction volume is pretty much fixed in terms of "bytes of transactions")

Bitcoin alone currently pollutes about the same as half the global airline industry. If cryptos really are the future, I weep for the planet.

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

#203

Post by buttholesurfer »

Lol, still doesn't change the fact that reddit's own CEO will change users posts, ban political ideas they don't agree with and allow moderation teams to basically ban anyone for anything.

It's a garbage site run by people who are power hungry and will do anything to keep that image.

Stop using reddit, Facebook etc

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

#204

Post by AnIdiotOnTheNet »

dmschulman wrote: post #103
TLightful wrote: post #71

Allocate some of that to a Harambe memorial. The rest to habitat nurturing and protection.

This is pretty much what they're already doing. It's all a throwback to a meme. Meme "investors" turned meme "philanthropists"

Well, meme-powered philanthropy is certainly better than meme-powered speculative investment.

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

#205

Post by thebean11 »

codebolt wrote: post #202
thebean11 wrote: post #193

Earlier quoted context omitted.

Creating a token does not consume any additional energy. Transaction volume does _not_ scale with mining so it's a really bad comparison. The energy is spent to secure the network regardless of how many transactions are processed (in practice, transaction volume is pretty much fixed in terms of "bytes of transactions")

Bitcoin alone currently pollutes about the same as half the global airline industry. If cryptos really are the future, I weep for the planet.

Luckily mining with renewables is much less difficult technically than flying with renewables.

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

#206

Post by jonfw »

lupire wrote: post #141
jonfw wrote: post #114

Earlier quoted context omitted.

This is like saying that pollution is a recognized issue with fossil fuels and while it offers challenges they are understood and engineers are keen to address this. There aren't always easy solutions and you can't hand wave aside a massive problem because 'our best people are on it'

Are you also opposed to EVs which also have the problem of high initial costs for early iterations of the tech?

Costs (of EVs) are passed onto the consumer and thus self-regulate, whereas many of the costs of crypto's wasteful energy usage are distributed among society.

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

#207

Post by DennisP »

AnIdiotOnTheNet wrote: post #200
hrvTGKFyDyko3aK wrote: post #188

Earlier quoted context omitted.

Etherum will be PoS in like 2 years.

Just in time for fusion power.

Fwiw the PoS network is already running, with $6 billion staked and 100,000 validators. Migrating the rest of the network is relatively simple, they're just being really careful with it.

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

#208

Post by nerdponx »

viraptor wrote: post #164
nerdponx wrote: post #150

Earlier quoted context omitted.

Some people think it's a good idea to have a distributed, immutable ledger for stuff like this, with the ability to make payments without depending on a handful of individual corporations like Paypal and Visa. The fact that it's "blockchain" is immaterial except that blockchain happens to be the technology that makes it possible. There's so much knee-jerk opposition to "blockchain" stuff just because some nerds get t…

> Some people think it's a good idea to have a distributed, immutable ledger for stuff like this Ok, still - what's the benefit of that in the discussed context (donations to an organisation preserving wildlife) which they can't easily provide with existing programs? (Accepting the payment is slightly unrelated - if they want donations via cryptocoins, there's a bunch of payment gateways they can enable today)

It's not an improvement, it's feature parity.

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

#210

Post by [deleted] »

IgorPartola wrote: post #136
groby_b wrote: post #133

Earlier quoted context omitted.

Uh... Selling a single token? 8.7MWh[1] That's slightly less than the average US household consumes in a year. [1] https://www.wired.com/story/nfts-hot-effect-earth-climate/

Has there been any movement in the crypto world (that isn’t just creating new coins) towards switching algorithms such that BTC et al don’t use proof of work anymore?

[deleted]
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