121–130 of 234 posts
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Precisely this. It's like being pleased about the value of your Madoff holdings. Looks great, on paper, until too many people try to cash out at once.
I mean you could say that about any stock or bank. If everyone tries to cash out it goes to 0.
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> the BTC network uses a staggering amount of power Actually, bitcoin uses a ridiculously small amount of power for what it provides. See for example here https://www.lynalden.com/bitcoin-energy/ for an introduction to clear up this misconception.
This article is basically like arguing: “Sure, using the Infant-Chipper 9000 results in the deaths of infants. But it’s a rounding error if you consider how many infants die in the world every year!” Bitcoin purposefully wastes lots of energy to provide something of extremely dubious value.
Maybe you should stop flying on airplanes for the rest of your life?
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The SEC just lost its case against Ripple, so I don’t know what’s happening on the regulatory front.
The ruling published yesterday was just summary judgements which can be appealed. The actual trial hasn't even happened yet.
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I don’t think those exist. It is much, much better to continually hop when the raises are 20% or more for doing so.
Huh? You don't think real careers making good money exist? I don't know what to tell you. But the main issue here is that someone without any special skills ended up making a shitload of money as a fluke by working at Binance for a short period of time. It's very unlikely they're going to be able to get another job even nearly that good, let alone more jobs 20% better, because they don't actually have real marketable…
They were talking about how wages at most jobs stagnate if you are a long-term employee. Which I find to be true as well.
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Everything you need to know about crypto today can be found at https://web3isgoinggreat.com/
> and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet. This is actually a worry i have about in regards to crypto, the BTC network uses a staggering amount of power. Ai is next of my power hungry worry list.
Crypto has alternative consensus methods available today and a former PoW blockchain (Ethereum) was able to cut their emissions by 99.9% by moving to a efficient alternative with Proof-of-Stake. For crypto it is possible.
AI (Deep Learning) on the other hand has no efficient alternative methods available for training, fine-tuning and inference and continues to waste tons of water and consume more resources.
> Ai is next of my power hungry worry list
It should be the main concern. The top of your list even, hence the aforementioned points today. Deep Learning has no efficient solutions to its energy problem which remains to this day after decades of its existence.
How did they have 1000 people in the first place?
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I don't know if I'm just naive, but I'm always confused when I see such a high headcount for companies with such simple tech, the staff of Twitter (even after mass layoffs) confuses me also. I feel like these companies are solving a relatively simple problem, and a single skilled engineer working full time could probably make and maintain a decent scalable solution.
An exchange is not simple tech. It isn't a simple problem.
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Knew someone who worked at Binance, as support. I'm sure he's competent enough at his job, but he has no special skills or anything. He made more money than I did as a senior software dev at the time. It seems not only did they hire a lot of people, they also paid them an ungodly amount of money.
Cash comp or was he also compensated in tokens?
We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.
First provide me with a universal, legal definition of asset, before we argue about whether or not something is an asset. Nevermind that I'm sure if I pried into the particulars of your life, I would find something cryptographic or digital that belongs to you, which you would be disappointed to live without, even if it's meaningless to most people. And as a lover of liberty, I would never wish to deprive you of the r…
That "or digital" is doing a lot of heavy lifting. You are effectively claiming that crypto has to be allowed or digital photos with friends are right behind.
We just need a law that bans cryptographic exchanges and transfers in the USA. They are not assets, they provide no real utility, they are just speculative devices that no longer function as originally intended; as a replacement for fiat currency. So, it simply needs to be outlawed and all the money repatriated into whatever currency it came from; most of it dollars.
Who is “we”? How would this “law” be compatible with the US constitution? How would this “law” be enforced? This must be the most naive take in this entire thread.