61–70 of 203 posts
I can't wait for this bubble to burst so I never have to hear about these tulips again.
So good look with that.
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If climate change is finally taken seriously at some point, I hope they get clamped down on very hard. Unlike meth labs and "terrorists", a large mining farm can be traced by power usage. (Unless you're using solar, then go ahead and mine all you want.) Crypto fanatics are doing nothing of any practical value while greatly helping out with destroying our planet. We've been having rolling blackouts recently because of…
If you're using solar, you're still wasting energy that could go into replacing coal or gas elsewhere. Fully green bitcoin mining is still hampering our efforts to tackle climate change.
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Even before the dot com bubble burst, we saw businesses with practical value producing applications of the Internet. Today it’s over 10 years of crypto. I have only observed one application of crypto that touches the real economy - with a relatively obscure token. Everything else, seems to be just be playing financial games inside of crypto, money laundering, side-stepping regulations, speculative meme assets and of…
Ubisoft is adding NFT in its new games. Ubisoft is a real company producing real games with real players all around the world. https://www.theverge.com/2021/12/7/22822410/ubisoft-nfts-qua...
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If climate change is finally taken seriously at some point, I hope they get clamped down on very hard. Unlike meth labs and "terrorists", a large mining farm can be traced by power usage. (Unless you're using solar, then go ahead and mine all you want.) Crypto fanatics are doing nothing of any practical value while greatly helping out with destroying our planet. We've been having rolling blackouts recently because of…
> doing nothing of any practical value while greatly helping out with destroying our planet Serious question, where does this line of thinking end? Gaming rigs use upwards of a thousand watts, no practical value in gaming. Watching sitcoms on a television has no practical value. Phones capable of doing things other than making calls have no practical value, but we charge them all the time. Honestly I think providing…
About 25 % of energy expended today is to make people not freeze, which is the single biggest or second biggest energy consumer world wide. The other one is transporting stuff and people. The third one is making stuff (food, buildings etc. use a lot of energy).
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Who's point? The whole point of Google, to some people at Google, might have been " don't be evil " at one point in time. Decentralisation was the whole point of the WWW. Different people have different goals. Largely, it's just about making money.
Exactly. Since making money is the real point, someone bypassed all the bullshit about purpose and literally made a new form of money with properties different from any form of money before. You can like it or not, but it is not going to just stop existing.
Whether one of those properties is "freedom from regulation" is yet to be seen. I personally quite doubt it.
total privatisation of the money system, sold as democratization
vs opt in p2p networks.
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I do think there is at least one problem that crypto currencies solve better than the status-quo: sending money internationally. It has less regulation than the official channels. Can have better privacy. Can be cheaper. Can be faster. Compared to Western Union, international wire transfers and the likes, sending money home for foreign workers (remittance), seems to be much better with Stellar, or other low-fee crypt…
Thing is, your quality judgement is questionable by society as a whole. Less regulation -> more crime. Better privacy -> more crime. Cheaper -> more unstable currency markets. Faster -> more unstable currency markets. There is a balance to be found, but at the moment most cryptocurrencies are a nightmare from the perspective of people who value stability and order in social arrangements. And none of the current playe…
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Bitcoin have to be worth something in the same sense that a leaf of toilet paper isn't actually free - just very cheap. We don't know what the long term fair price of a bitcoin is and it isn't at all obvious that we are in a bubble. For all the naysayers and the evangelists, at this point it is clear that cryptocurrencies have staying power and the broader market (not going to pick out bitcoin specifically) seems lik…
Are decentralised protocols really more reliable? I highly doubt it. The reason the dollar is so strong is because it is backed by a goverment which will use its power to guarantee the dollar does not collapse. The same goes for the Euro, yen, RMB etc. When hyperinflation kicks in, will a decentralised protocol step up and try to curtail it?
If so how?
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Even before the dot com bubble burst, we saw businesses with practical value producing applications of the Internet. Today it’s over 10 years of crypto. I have only observed one application of crypto that touches the real economy - with a relatively obscure token. Everything else, seems to be just be playing financial games inside of crypto, money laundering, side-stepping regulations, speculative meme assets and of…
Ubisoft is adding NFT in its new games. Ubisoft is a real company producing real games with real players all around the world. https://www.theverge.com/2021/12/7/22822410/ubisoft-nfts-qua...
Earlier quoted context omitted.
If climate change is finally taken seriously at some point, I hope they get clamped down on very hard. Unlike meth labs and "terrorists", a large mining farm can be traced by power usage. (Unless you're using solar, then go ahead and mine all you want.) Crypto fanatics are doing nothing of any practical value while greatly helping out with destroying our planet. We've been having rolling blackouts recently because of…
Afaik most % of mining happens close to the energy source where it can't even be transported or where it's already being wasted. At least that would be the most economically viable solution; hence hopefully what everyone will eventually be doing (doing otherwise would not be rewardable). Actually in a way the market price is not only defined by speculation but also how much "paying for energy" compares to "getting th…