71–80 of 328 posts
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>China banned mining and mining was gone immediately (largely moving to Kyrgystan it seems). Kearney, NE seems like a popular destination too, for crypto mining. https://www.npr.org/2022/02/24/1081252187/bitcoin-cryptocurr...
You surely meant Kearney, NE. NB in the North-American context stands for New Brunswick, Canada.
Crypto may well be the biggest solution looking for a problem I've ever seen. Apart from the obvious issues (eg energy expenditure) the one myth that needs to die about crypto is that it is extragovernmental and indictments such as this and the Bitfinex laundering case recently should underline that. The simple fact is that the developed world could shut down what little utility cryptocurrencies (and NFTs) have tomor…
Crypto may well be the biggest solution looking for a problem I've ever seen. Apart from the obvious issues (eg energy expenditure) the one myth that needs to die about crypto is that it is extragovernmental and indictments such as this and the Bitfinex laundering case recently should underline that. The simple fact is that the developed world could shut down what little utility cryptocurrencies (and NFTs) have tomor…
Nice job. Now if only some people would see the difference between an actual ponzi scheme like this one and bitcoin and other cryptocurrencies. That would be nice.
Show me one cryptocurrency that has driven real world industry more than financial speculation and scamming.
Meanwhile in other news, water is wet, the sky is blue, Putin is a tyrant with blood on his hands, and I'm SHOCKED, SHOCKED to find that GAMBLING is going on in here! https://www.youtube.com/watch?v=SjbPi00k_ME
If the US constitution was originally minted as an NFT, none of this would be necessary.
Interesting that there is no mention that he has been charged of being involved in a Ponzi scheme in the headline - just "Cryptocurrency Scheme".
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Show me one cryptocurrency that has driven real world industry more than financial speculation and scamming.
I see no scamming in say Link (bringing offchain data on-chain for other projects to use) or SNX (on-chain synthetic assets). There's a ton of examples of projects that have nothing to do with scams and are more akin to normal companies providing blockchain-related services.
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> It is difficult to get a man to understand something when his salary depends upon his not understanding it. > - Upton Sinclair
Is this a pro or con comment? Could be both I suppose.
Crypto may well be the biggest solution looking for a problem I've ever seen. Apart from the obvious issues (eg energy expenditure) the one myth that needs to die about crypto is that it is extragovernmental and indictments such as this and the Bitfinex laundering case recently should underline that. The simple fact is that the developed world could shut down what little utility cryptocurrencies (and NFTs) have tomor…
> Crypto may well be the biggest solution looking for a problem I've ever seen. I think this hinges on what problem you identify. If someone identifies centralized financial systems as bad, even if they're efficient, the problem is real and the solution fits the problem. If you contest this, as many do for good reason, it becomes a solution in search of a problem.