Live data from Hacker News

Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

news.ycombinator.com

11–20 of 24 posts

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#11

Why hasn't everyone banded against cryptocurrency, considering how proof-of-work is heating the world, and most/all cryptocoins have more in common with a pyramid scheme than with anything of any value?

Exactly more people should have banded together to fight climate change and the pyramid scheme. I think to start gamers would have the most power to disrupt cryptocurrencies because they can leave there computers on and not necessarily mining all the time. Only when needed some kind of program could run when its time to attack. As the news pickup the grassroots movement then more people would join.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#12
post #5

> till they get to bitcoin All the GPUs of all gamers in the world can't put a dent in bitcoin's ASIC based hashrate. Ethereum is the best they can hope for. They better hurry up though, as it won't stay PoW for long.

I think it's possible but they necessarily wouldn't have to target bitcoin until later. Smaller Currencies to start and exposing the flaw will expose a hole even in bitcoin.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#13
post #3

I don't think "gamers" have been a united group, ever. Much of the gaming community is pretty toxic towards... each other. Some gamer tells you to install some rando software and follow their instructions... you going to do that?

The software would have to be open source and auditable. Closed source NO chance.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#15
post #13
post #3

I don't think "gamers" have been a united group, ever. Much of the gaming community is pretty toxic towards... each other. Some gamer tells you to install some rando software and follow their instructions... you going to do that?

The software would have to be open source and auditable. Closed source NO chance.

I think you overestimate how much "gamers" would care about open source.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#17
post #15
post #13

Earlier quoted context omitted.

The software would have to be open source and auditable. Closed source NO chance.

I think you overestimate how much "gamers" would care about open source.

I don't know. I just hear everyone is pissed off that GPU prices are so high because of crypto in my circle of friends. Maybe in other parts of the country they don't care as much.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#18
post #17
post #15

Earlier quoted context omitted.

I think you overestimate how much "gamers" would care about open source.

I don't know. I just hear everyone is pissed off that GPU prices are so high because of crypto in my circle of friends. Maybe in other parts of the country they don't care as much.

Caring about prices doesn't mean caring about any of the other things you attached to it.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#20
Sorry OP, this is naive on every level, economic, political, environmental, psychological, etc... Every assumption you made to form your proposal is incorrect.

You need to do a bit more research into the fundamental mechanisms of Bitcoin. Read and understand the white paper (it's widely available and widely talked about). Namely the game theory behind why proof of work is so powerful and compelling. Also some research and intuition building into how big numbers work, human psychology, group dynamics, the foundations of political theory, and the history of economics would help answer your questions.

To address your plan, step by step:

Gamers aren't a united front. They're not that pissed off.

Bitcoin and crypto aren't causing crime (weapons don't cause crime, humans use weapons to commit crimes when they have an opportunity and a motive) and their negative environmental impact is minimal compared to, say, big oil. You'd have to look at where the electricity comes from for each miner to do that, and nobody's done that as far as I can tell. All I've seen it total electricity use, not source of said electricity. Some of it is renewable and/or carbon neutral.

If they did get together and start a mining pool they would likely keep the money they make. It would take a severe pathology to form a huge group and then burn money. The electricity used to mine those coins costs money.

It does happen but it's astonishingly rare:

https://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Qu...

Nobody is going to deposit their coins into a write-only wallet.

Those useless transactions wouldn't take up a lot of block space. See again about burning money.

Post reply on HN