I was once a crypto advocate, but thanks to Molly White and a few lost shirts, I unequivocally can say cryptocurrencies are just a bunch of scams.
On anti-crypto toxicity
231–240 of 734 posts
Re: On anti-crypto toxicity
#232Earlier quoted context omitted.
It's not that easy. Renewable power plants could be setup in areas where it makes no sense due to the logistics of transporting that energy to normal society and that plant could be 100% used to mine crypto which in a way makes crypto a "wireless energy transport technology". Complaining that crypto uses a lot of power is like complaining India is trying to burn fossil fuels which will harm the planet. India wants to…
How does one turn crypto back into energy?
You sell it for dollars and buy energy with it
Re: On anti-crypto toxicity
#233Earlier quoted context omitted.
The law isn’t magic though. It’s a system we designed for this purpose and we know how it works.
Except that's not what I'm saying at all. What I'm saying is: 1. Bad laws got us into this place 2. There's a lot of inertia in government 3. There's a lot of stake holders in government who don't have citizen's interests at heart 4. It's illogical to think you can, in light of this, just pass a law and fix it. Yeah, we designed the law, and we know how it works. Sadly, we know also that the way it works is generally…
"the problem with corruption, inefficiency and stupidity in government is corruption, inefficienty and stupidity, not government"
Re: On anti-crypto toxicity
#234Unfortunately, given: "How can we create a more equitable financial system, where everyone has access to banking services? How can we reduce the power that a small few currently hold over the web? How can we improve data privacy and ensure that people have control over their personal information? How can we create reasonable privacy in the financial system? How can we make information more available to everyone? How…
> society won't be worse off in the end.
That is most definitely a political question.
I think the article has a strange reasoning about crypto trying to "save the world".
For me it's pretty clear: individuals can now store and transfer value on the internet using a consensus algorithm. Plenty of you claim that it's enough to have a democracy that controls a central bank. That way you also have some kind of consensus on your value storing and trading. Problem is that this democracy/central bank is not stable in every country. So crypto provides real "internet money", with all benefits and drawbacks.
Whether that improves or worsens society, is purely a political question. But it's clear that cryptocurrencies try to live outside of governmental control, which is of course where most of the benefit comes from.
Re: On anti-crypto toxicity
#235Earlier quoted context omitted.
> Because artists haven't generally backed themselves [into a] very unhealthy social scene of greed and deception Except they absolutely have. The contemporary art market is exactly what you describe. There's sharks sitting in tanks of embalming fluid being sold for tens of millions of dollars just to be put in storage, and people laundering their money in art investment schemes. The contemporary art market is absolu…
You're absolutely right, and I personally find 'modern' art unappealing and a scam (banan on wall 30k plz), but this is because it is being used a commodity in a rotten, oligarchic financial system where we bail out corrupt bankers at the cost of the people. With crypto, the pollution is built into the system. It's not only being used by the corruption, it is itself rotten. And neither does some of it look nice on wa…
> It's not only being used by the corruption, it is itself rotten. And neither does some of it look nice on walls.
So is the contemporary art world. The contemporary art world is vastly polluting as well. How much GHG do you think is generated to run a museum, or warehouse, transport aircraft, ect, filled with bad contemporary art?
Re: On anti-crypto toxicity
#236Why must we use the loaded term 'toxicity'? It starts your argument with: "Those who disagree with me are poison".
In my experience, the relative meaning, popularity, and aptness of words like "toxic" are generational and geographic.
When I hang out with people 10 years younger than me, "toxic" means things as mild as "buzzkill" or "wet blanket" and "gaslighting" is whenever someone says something you doubt.
Those word carried very weighty and serious connotations when they started becoming commonplace vocabulary years and years ago. These days they're meaningless, and we just have to adapt that new reality.
Re: On anti-crypto toxicity
#237Earlier quoted context omitted.
Use the state to fix failures of the state? There's a weird cyclic optimism here that I don't think can really be supported by the facts. After all, those who write a law can just as easily add addendum to that law, or remove it all together. Even with equal banking laws, there's always going to be an individual who the state deems as less equal than others. That's just how it's always been. Its bizarre that this is…
Any fix for a failure in human organization(s) is going to come from ... humans. There are no hall monitors here, and there's also no magic wand. When things are of a large enough scope, the way that humans tend to organize to get things done, or get things fixed, is called "a state". Just like all human efforts, the outcome will likely not be perfect. But there actually isn't another way. Sure, you can suggest the i…
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Re: On anti-crypto toxicity
#238IMHO the problem with crypto is the very thing that its proponents cite as one of its key benefits, its decentralised nature. We are told that crypto is supposedly a way to "stick it to the man", to fight those "evil banks/governments". The trouble is that unlike fiat currency, there is no fundamental means of valuation. Crypto is worth what its worth on the day based largely or exclusively on entirely non-economic v…
> We are told that crypto is supposedly a way to "stick it to the man", to fight those "evil banks/governments".
The supposed “decentralized” revolution sounds about as likely as some kid who just read Marx leading a revolution. I think there’s a fine line between decentralized and deorganized.
Re: On anti-crypto toxicity
#239Earlier quoted context omitted.
You realize the merge has already successfully completed on a testnet last month. The Geth client code for the merge is complete. I’m willing to bet any amount you want up to $30,000 that Ethereum main net is running PoS by Dec 31 of this year.
At what odds?
1:1 I think is most fair.
Re: On anti-crypto toxicity
#240I think toxicity from the anti-crypto crowd is basically inevitable at this point. It has been a decade of dumb claims and ridiculous assertions from the pro-crypto crowd. None of their claims have materially panned out. There's some promise in some places - mainly in the most nerdy corners of ETH, but it's still only promises. Meanwhile, this long protracted failure has been accompanied by a massive increase in stup…
>It has been a decade of dumb claims and ridiculous assertions from the pro-crypto crowd. Agreed. For me it was the NFT'ing of a fart that was the jumping the shark moment that drove me from being merely a crypto skeptic to being vociferously anti-crypto and advocating against it at every turn.
This is like saying that you dismissed the web after you saw the 100th clone of the million dollar home page.