Earlier quoted context omitted.
There are many business that run their own payment infrastructure, BTCPay is the most popular. It is better for the network if people DONT use centralized providers. We all have the power to use decentralized infrastructure. Bitcoin works the way it is intended, that is peer to peer payments. Everything else is just ecosystem, which can be replaced. Coinbase is important as an on-ramp for users for now, yes, but thei…
And the Exim email-server and "bind" DNS server is "decentralized", except everybody uses gmail.com, or even centralized upon AWS. There's your theory, and there's the practice of the internet and business. In theory, they should be the same. In practice, they're different.
Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
181–190 of 264 posts
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#182World really needs a ban on PoW cryptocurrencies. I guess on one side lot of people is not caring about it as long as they make some money of it, and in the other side maybe other people in power, is not caring as that would make a perfect excuse to ban any kind of cryptocurrency. I guess too we all will care as soon as the devastation caused by the climate change becomes a massive life threatening issue.
Banning = Authoritarian Madness. Bans are never the answer unless you are a fascist. This is an attack on general purpose computing. You cannot tell people what they can and can’t do with their machines. You can try, but the smart ones will tell you to go f yourself. Deal with the supply side costs, and let people do whatever math they like.
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#183Earlier quoted context omitted.
Supply again. Supply!! The analogy would be you telling people they have to drink that water a certain way and banned from drinking it the way they want. That’s fascism. Everybody that wants to ban PoW is an authoritarian fascist. Might be an eco fascist, might be a boot licking state loving fascist… still a fascist.
You're banned from using the word "fascist".
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#184Earlier quoted context omitted.
Are you suggesting that you could use Raytracing at all in modern games on a low end card like the RX 6500 XT? If you would use it you would lose the marginal performance increase of the updated architecture. Also content creation is a big point for younger generation if it is livestreaming, recording clips or general gameplay. This will both not be doable with this card if you don't have a good cpu. There is no disc…
> Are you suggesting that you could use Raytracing at all in modern games on a low end card like the RX 6500 XT? Yes? Minecraft Raytracing and Quake Raytracing are rather low-specs and probably would run on an RX 6500 XT. You might have to drop down to 720p but it probably would run.
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#185Earlier quoted context omitted.
We can all agree we want clean power, which is entirely in the hands of the suppliers. Rather than pushing one’s preferences around on users and forcing them to do your will, why not go after the Coal and Gas producers — the supply. People get upset when you want to ban things because it’s a bully move. The bully thinks their opinion is true and correct and others must succumb to their will.
Your use of words like "bullying" and "pushing" suggests you frame this as some kind of antagonistic battle instead of arguing on the merits. People don't get upset when we outlaw things because the rule of law is a great thing in general. People enjoy not getting mugged or having their water supply poisoned. Please tell me how a ban on poisoning the water supply is "bullying".
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#186Earlier quoted context omitted.
You severely underestimate the power use of proof-of-work blockchains. It's on the scale of nations. But the main difference is that whatever you compare with those blockchains, it will never have the critical flaw: the automatically increasing difficulty. Your dryer doesn't periodically flood the drum to make it harder because more people are interested in tumble drying.
Difficulty isn't necessarely increasing. It could also decrease if less people are interested in mining (e.g. when energy prices go up).
However, market forces guarantee that the difficulty will go up to the point where it's infeasible to add more hashrate, e.g. because it becomes uneconomical or there's simply no more hardware available. PoW workchains must work at maximum inefficiency. (This bears out in the data, too, I think. BTC had its highest hashrate at the beginning of this month, when energy price were at an all-time high and BTC was at the lowest over 12 months)
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#187Earlier quoted context omitted.
I think the issue is your concern does not really answer the question I posed. We can follow the use 'use' argument as soon as we deal with the 'who has the authority to tell people what to do with energy/money/equipment'. Is it me? Is it you? Is it society? Is it government? As soon as we get through that conundrum, we can discuss how crypto is basically evil and used for nefarious purposes only and cars are more li…
who is the authority? We, at least in democratic countries if enough people decide we should ban crypto we just draft the laws and end it, easy. We did this with many other things, don't know why this would be different
So yeah, you are not wrong about the general framework, but do you think drafting such a law right now would be..hmm.. palatable to the general populace. After all, consent of the governed is a thing.
And as for crypto specifically.. well.. the time to squash it has long passed. There is people with real money in it now. The best you can hope for is regulation.
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#188Earlier quoted context omitted.
Your use of words like "bullying" and "pushing" suggests you frame this as some kind of antagonistic battle instead of arguing on the merits. People don't get upset when we outlaw things because the rule of law is a great thing in general. People enjoy not getting mugged or having their water supply poisoned. Please tell me how a ban on poisoning the water supply is "bullying".
Please provide a better analogy. I don’t see what using electricity has to do with poisoning water.
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#189Earlier quoted context omitted.
Biggest problem about PoW coins, and that's something that everybody working on it knows, or should know, is that the need of power is steadily bigger each year. Where would be the limit of that? When that requires the energy of a big country? (We are quite away from that as far as I know [1] ) A heavily industrialized continent? More than the whole world? It's absolutely crazy. I know that there's a big lobby behind…
I sometimes wonder if we'll discover a Kardashev Type II civilization, harnessing the power of their sun via a Dyson sphere. And then, upon first-contact, realize they are using all that power to mine Bitcoin.
Re: Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says
#190Earlier quoted context omitted.
There are plenty of other wasteful activities that should be limited as well. Classic whataboutism. First of all your entire comparison makes no sense, you have to compare alternatives for use. What's the alternative to a dryer. Using a line and hanging your clothes. Fair enough, what about in the winter in New York? A ventless dryer? Doesn't use substantially less energy. And so forth. For every conceivable use case…
>Fair enough, what about in the winter in New York? Large swathes of Europe have winters as bad or even worse than New York's. I've grown up in one of those countries and had never seen a home clothes dryer before visiting the US. I've also almost never seen them in London or Berlin where I lived after that and those have at most marginally warmer winters than New York.