21–30 of 67 posts
With no mission statement or philosophy about data privacy or content filtering it's just appears to me as another for-profit company with no ethical stand point, pass.
The bitcoin support is a huge red flag for me. I really hope they scrap that.
Earlier quoted context omitted.
Unfortunately this isn't quite accurate, cryptocurrency support is baked in: > Payments Built In > As your app grows beyond the hobby phase, Holepunch lets you evolve into a business without compromises. > With Bitcoin Lightning and USDt micropayments built-in, it's easy to implement and use powerful paid features in apps. When asked about this, the founder seems supportive of cryptocurrency: https://twitter.com/ttiu…
How is an open, permissionless financial network that uses a fraction of a % of the world's energy a scam that will destroy life on Earth? Uninformed, hyperbolic statements about Bitcoin is a sign you're incapable of basic understanding of anything.
I think the use of P2P like DHT is very smart, but like others I am wary due to the source.
As best I can tell:
Hypercore = company without a website? I can't find one. Holepunch = platform made by Hypercore - again no website? Funded by Tether and Bitfinex Keet = First app that uses Holepunch
Based on the amount of funding that Tether and Bitfinex are putting into this, this does not appear to be a neutral technology.
They do have a "killer app" though.
With no mission statement or philosophy about data privacy or content filtering it's just appears to me as another for-profit company with no ethical stand point, pass.
The bitcoin support is a huge red flag for me. I really hope they scrap that.
It's also a better and more correct way to use bitcoin just as money, and not as some kind of ownership token, which plagues the web3 scene. The core purpose of money is to be interoperable, to allow all kinds of goods and services to be traded in a common unit and payment network.
Earlier quoted context omitted.
Unfortunately this isn't quite accurate, cryptocurrency support is baked in: > Payments Built In > As your app grows beyond the hobby phase, Holepunch lets you evolve into a business without compromises. > With Bitcoin Lightning and USDt micropayments built-in, it's easy to implement and use powerful paid features in apps. When asked about this, the founder seems supportive of cryptocurrency: https://twitter.com/ttiu…
How is an open, permissionless financial network that uses a fraction of a % of the world's energy a scam that will destroy life on Earth? Uninformed, hyperbolic statements about Bitcoin is a sign you're incapable of basic understanding of anything.
If energy efficiency and green energy sources will not suffice to reduce our burning of fossil fuels, due in part to Bitcoin and its ilk, then the only way to avoid climate catastrophe would be simply doing less, a.k.a. degrowth. I leave it as an exercise for the reader to imagine what the typical cryptocurrency advocate thinks of degrowth. (But that would interfere with the numbers going up!)
In short, Bitcoin is a major roadblock to any response to the climate crisis, using any strategy.
Earlier quoted context omitted.
How is an open, permissionless financial network that uses a fraction of a % of the world's energy a scam that will destroy life on Earth? Uninformed, hyperbolic statements about Bitcoin is a sign you're incapable of basic understanding of anything.
Completely agree. Energy consumption is what enables human flourishing. Quite frankly, "Energy consumption = bad" is pro-human suffering. The lack of nuance in that argument is tiresome.
Earlier quoted context omitted.
How is an open, permissionless financial network that uses a fraction of a % of the world's energy a scam that will destroy life on Earth? Uninformed, hyperbolic statements about Bitcoin is a sign you're incapable of basic understanding of anything.
To be explicit, one problem with Bitcoin's energy use is that it has the potential to consume any excess energy-producing capacity that we free up by making technology more energy efficient. It could use any fossil fuel-powered energy production that otherwise might be obsoleted by green energy sources. Bitcoin and other PoW blockchains add a strong financial incentive to use all available energy production capacity…
This is 100% a fake problem that clearly does not exist if you understood anything about the energy market. Civilization is at an increasing rate consuming more electricity. Surely, someone who believes carbon emissions are destroying the planet would agree we need to electrify everything. Bitcoin consuming and therefore monetizing stranded and/or temporary excess amounts of energy make accelerated electrification of our society a much more realistic endeavor. Having an electricity dung-beetle, a buyer of last resort, is a revelation.
Earlier quoted context omitted.
Completely agree. Energy consumption is what enables human flourishing. Quite frankly, "Energy consumption = bad" is pro-human suffering. The lack of nuance in that argument is tiresome.
Humans benefit from using energy, but our current energy systems release terrifying amounts of greenhouse gases. Continued global heating will involve mass death, and a great deal of human suffering along the way. Energy use is necessary to support human life, but limiting energy use is vital to avoid climate catastrophe. It's not a fun problem to have, but you can't wish it away by saying "but people need and enjoy…
Earlier quoted context omitted.
How is an open, permissionless financial network that uses a fraction of a % of the world's energy a scam that will destroy life on Earth? Uninformed, hyperbolic statements about Bitcoin is a sign you're incapable of basic understanding of anything.
To be explicit, one problem with Bitcoin's energy use is that it has the potential to consume any excess energy-producing capacity that we free up by making technology more energy efficient. It could use any fossil fuel-powered energy production that otherwise might be obsoleted by green energy sources. Bitcoin and other PoW blockchains add a strong financial incentive to use all available energy production capacity…
You've made your arguement for "planet destroying", now why is it a "scam"?