The rebranding of MySQL as blockchain was a brilliant move for sales. Bit torrent is decentralized and it doesn't use "blockchain". "Blockchain" only works for money and nothing else
Cryptocurrency is something people tell lies about in hopes of getting richer
31–40 of 411 posts
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#32Q4 is set to be an amazing crypto run because all I see is lots of last minute FUD right now on all media channels, and of course from China. The OG FUD source has blown its final wad and banned all crypto “for real this time.” Let’s hope the USA isn’t as backwards thinking and sees that banning crypto is removing yourself from the new world economy.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#33Earlier quoted context omitted.
> The same account could be used by multiple independent services and this removes the need for a signup process altogether. This is only marginally better than SSO with Google/Apple/Facebook/whatever. It dodges the "Google closed my account" problem, which is a meaningful improvement. But I'm not fully certain why you need the public key to be part of a blockchain for this to work. Couldn't you just publish your pub…
- Resistant to centralized censorship (as you pointed out) - It allows you to use the same passphrase for all services without compromising security since your passphrase never needs to leave your own machine; it is never sent over the wire. You just send signatures to different services. - The cost associated with purchasing tokens needed to initialize an account on the blockchain would serve as a spam prevention me…
> Resistant to centralized censorship (as you pointed out)
I'd wager that most people don't care about this much, though it is real. Still, this can be achieved with signature-based authentication that doesn't require the tremendous waste of BTC. Just... tell the service your public key and sign a message when you sign up. Your key pair doesn't need to be associated with some distributed system for that to work. This has been around for decades and not exactly caught on.
> It allows you to use the same passphrase for all services without compromising security since your passphrase never needs to leave your own machine; it is never sent over the wire. You just send signatures to different services.
This is true for all signature-based authentication, which does not necessitate a blockchain.
> The cost associated with purchasing tokens needed to initialize an account on the blockchain would serve as a spam prevention mechanism; an alternative to SIM cards which most centralized services rely on today to limit the creation of spam accounts.
This sounds like an anti-feature to me. Especially since it'd be foolish for a service to only support authentication via a blockchain. Imagine telling my grandmother that she needed to buy some btc in order to sign up for the service that hosted my wedding photos.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#34We are currently transitioning from the part where they laugh at you, to the part where they fight you.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#35Earlier quoted context omitted.
> centralized If you want to trust a conglomerate of folks who have a vested interest in keeping you small and poor to solve your problems, then there is no advantage. If you do not, then the advantage is exactly that it is not centralised.
Why are you so convinced that cryptocurrency solves the "outside forces much larger and more powerful than me have influence over the system" problem? It exchanged a solution to some problems for a new set of problems to be solved.
You are questioning what I'm saying by telling me something incredibly vague. I'm afraid I just don't know what to do with your question.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#36The rebranding of MySQL as blockchain was a brilliant move for sales. Bit torrent is decentralized and it doesn't use "blockchain". "Blockchain" only works for money and nothing else
World's most expensive linked-list.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#37[deleted]
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#38The whole NFT craze lost me when tech founders I once highly respected started pushing and showing off their ugly gifs and trading cards on Twitter. Bad taste of the bored rich is not a new thing, but I hope NFTs won't become a noble tradition.
It lost me when an OpenSea executive tried to manipulate the prices. I'm just happy that he got caught.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#39Earlier quoted context omitted.
I'm on board if charities* could somehow get in on the action and convince the bored rich to part with their money. * Real charities, not those billionaire tax avoidance schemes.
I'd wager billionaires donate a lot more to charities than they spend on nfts. Look at the Gates Foundation.
You don't need to be a billionaire to count as "bored rich", which I take to mean anyone who has too much money lying around and can't find better uses than shitty computer-generated "art" (note that this doesn't include people who buy these with the sole purpose of flipping them to a greater fool).
There are a surprising number of bored rich people, especially when you consider all the new-found crypto wealth. Most of them probably haven't contributed any of their excess wealth to help the hundreds of millions of people who are still starving, so if NFT is one way to extract some of that, so be it.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#40> Neither, strictly speaking, is anything that a normal person would really need to know or care about unless that normal person is the victim of a ransomware scam, or wants to buy drugs on the internet... Ah right... because normal people never donate to journalists. Never pay for online subscriptions, never buy hardware off newegg. Just because the author has no exerience using cryptocurrency he assumes everyone is…
> never donate to journalists
Not really, unless you count patreon.
> Never pay for online subscriptions, never buy hardware off newegg
Credit cards or paypal. Both of which have a better refund system.