211–220 of 279 posts
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Well, you login, no big warning signs, you become a paying customer, years later the owner decides that you are not welcome. Why was it Ok before? Don't know. Same could happen to anyone anywhere and that is not ok. And a violation of basic human decency, I guess. Not that I think this one would connect.
How rude of him to not consult you before he decided to change the way he does business.
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No it isn't. If that energy is cheap enough to be used for securing Bitcoin then it can't have been used for something "useful" (in your opinion). Energy isn't fungible and transport costs exist. The immediate benefit is securing and making possible an open, permissionless digital financial system anybody can use. That is an absolutely stunning technological innovation. Proof of stake is the perpetual motion machine…
Sure, when we have a 100% renewable grid where Bitcoin neither takes away renewable quota, add dirty energy, cause grid to have to expand, or causes issues when TWh of heat is vented, and it is then adopted for legitimate reasons and not primarly for speculation and scamming, then Bitcoin goes from extremely harmful to mildly interesting. Yes there are cases where they buy good power plants, but they also power from…
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That’s not how PoS works.
So tell me again, how much money do you need in order to stake?
But your main argument is wrong: validators do not control the network. Users running node software do. Running a node is free. If a single validator began to exert unwanted control, the honest majority of non-rich users could slash or evict them.
Never read a better summary before - > These domains are strongly associated with fraudulent activities and high-risk investments which take advantage of people who are suffering from economic hardship and growing global wealth inequality. Few to no legitimate use-cases for this technology have been found; instead it is mostly used for fraudulent “get rich quick” schemes and to facilitate criminal activity, such as r…
99% of crypto/blockchain projects give the rest a bad name, so I especially like this part: > We will exercise discretion when applying this rule. If you believe that your use-case for cryptocurrency or blockchain is not plagued by these social problems, you may ask for permission to host it on SourceHut, or appeal its removal, by contacting support. looking forward to seeing what (if any) crypto projects there manag…
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The announcement says: > These domains are strongly associated with fraudulent activities and high-risk investments which take advantage of people who are suffering from economic hardship and growing global wealth inequality. Few to no legitimate use-cases for this technology have been found... While presumably you're not kicking people out because they disagree with you on this political question, your motivation fo…
> your motivation for kicking them out is deeply political So what if it's political? You think crypto is good, Drew thinks it's bad.
Kicking projects out for political reasons can still be bad even if Drew is right that crypto is bad. BDS can still be bad even if settlements in the West Bank are also bad. Al-Qaeda can still be bad even if US foreign policy is also bad.
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> > and sanctions evasion. Yeah, most people in sanctioned countries are victims of their own governments. Please punish them more by not allowing them to send and receive money that their lives could depend on. Cryptocurrency helps remove at least a little bit of that pain for many families around the world. > I'm going to send this to everyone who I know is involved in crypto/blockchain. I bet you've complained abo…
Iranians trying to get cash so they can buy groceries are not the problem. North Korea using ransomware to get lots of cryptocurrency they can use to fund their nuclear weapons program is the problem.
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> Put yourself in the maintainers' shoes — would you be happy to idly stand by when you know your service is being used to actively harm others' lives? [^1] Perhaps you would, and if so, I would be interested in hearing your view. Yeah, just like Tor, which is also heavily associated and almost exclusively used for illicit and illegal activities; especially by fraudsters, criminals, scammers, tax / sanctions evasion…
The difference is that projects like Tor were certainly not created with any devious purpose in mind. Arguments and use cases for anonymity are very easy to come up with. Blockchain related projects cause damage on two fronts: - They are commonly created with the explicit goal to scam most people while making very few people rich. - The tech around blockchains ( almost ) qualifies as snakeoil. The use cases are nonex…