11–20 of 318 posts
Spending time writing a hit piece on these technologies is silly and I wonder what the actual motive is.
I don't think there is any good.
The current fiat system (and the Governments that control it) are completely enslaved to the welfare (pension) and healthcare demands of baby boomers. These demands will only multiply as the populations age, until eventually consuming the host. You can already see this in countries like Italy, which are now in demographic death spirals. If we can craft a new financial system without spending 15%+ of our GDP and risin…
> The current fiat system (and the Governments that control it) are completely enslaved to the welfare (pension) and healthcare demands of baby boomers. If we can craft a new financial system without spending 15%+ of our GDP and rising on Pensions, even with some inefficiency its still worth it. Avoiding sales taxes, platform commissions, and income taxes is a major advantage. So you think the problem solved by crypt…
I'd rather euthanize myself at age 80 and pay much lower taxes throughout my adult life than die at age 85 in a gold-plated Government hospital.
Sanitation and public transport can be directly charged to end-users based on usage. Education can be funded with land value taxes.
Federal Government bureaucracy just exists to support itself. Healthcare agencies have been turned against the population to promote lockdowns and big pharma, and intelligence agencies spy against their own citizens.
The current fiat system (and the Governments that control it) are completely enslaved to the welfare (pension) and healthcare demands of baby boomers. These demands will only multiply as the populations age, until eventually consuming the host. You can already see this in countries like Italy, which are now in demographic death spirals. If we can craft a new financial system without spending 15%+ of our GDP and risin…
> The current fiat system (and the Governments that control it) are completely enslaved to the welfare (pension) and healthcare demands of baby boomers. If we can craft a new financial system without spending 15%+ of our GDP and rising on Pensions, even with some inefficiency its still worth it. Avoiding sales taxes, platform commissions, and income taxes is a major advantage. So you think the problem solved by crypt…
> It seems if you want to do crypto things without burning the planet down, you can. Right, but what if you consider it a bad thing to introduce an economic incentive for other people to burn the planet down? This is beyond a matter of personal choice, until and unless we all get our own personal planets.
I agree, but our problem is with proof of work, not crypto. I don't buy/use bitcoin any more because of this. Ethereum is moving (the sooner the better), and the only other PoW crypto I have a bit of is innovating PoW and (hopefully) becomes more environmentally friendly as a result. To be honest, I'm still unclear on if this is even possible, and if energy usage becomes significant relative to what it does, I would…
I have the feeling that if you inject money in any cryptocurrency, you inject money in the "cypto market" which eventually mean that the price of PoW money also increase. And the energy usage follow the price of the PoW money.
This article comes off very biased. There are a number of major problems blockchain solves - most importantly, ownership and control of things. Saying “crypto is for people who love money” is silly. Cryptocurrency is for people who wish to control their assets. Spending time writing a hit piece on these technologies is silly and I wonder what the actual motive is.
This article comes off very biased. There are a number of major problems blockchain solves - most importantly, ownership and control of things. Saying “crypto is for people who love money” is silly. Cryptocurrency is for people who wish to control their assets. Spending time writing a hit piece on these technologies is silly and I wonder what the actual motive is.
Blockchain and associated tech solve no real business problems that aren't better solved by other means. Einstein was offered the role of president of Israel but declined because he knew he was not qualified to lead a country. The devs working on crypto may be technical geniuses, Satoshi included, but that has no bearing on whether they have any understanding of economics.
This article comes off very biased. There are a number of major problems blockchain solves - most importantly, ownership and control of things. Saying “crypto is for people who love money” is silly. Cryptocurrency is for people who wish to control their assets. Spending time writing a hit piece on these technologies is silly and I wonder what the actual motive is.
This article comes off very biased. There are a number of major problems blockchain solves - most importantly, ownership and control of things. Saying “crypto is for people who love money” is silly. Cryptocurrency is for people who wish to control their assets. Spending time writing a hit piece on these technologies is silly and I wonder what the actual motive is.
You mean like when ethereum split to reverse a transaction some of the devs didn't agree with? Or how huge Bitcoin mining operations basically decide what chain to work on, with no accountability to anyone who "owns" Bitcoin? Name any other shitcoin and I'll tell you why it's a scam. Blockchain and associated tech solve no real business problems that aren't better solved by other means. Einstein was offered the role…
Out of interest do you have an example of the chain following a particular head due to collaborative mining over 51% of the network for this to work?
> It seems if you want to do crypto things without burning the planet down, you can. Right, but what if you consider it a bad thing to introduce an economic incentive for other people to burn the planet down? This is beyond a matter of personal choice, until and unless we all get our own personal planets.
I agree, but our problem is with proof of work, not crypto. I don't buy/use bitcoin any more because of this. Ethereum is moving (the sooner the better), and the only other PoW crypto I have a bit of is innovating PoW and (hopefully) becomes more environmentally friendly as a result. To be honest, I'm still unclear on if this is even possible, and if energy usage becomes significant relative to what it does, I would…