Coinbase from YC to DPO

Post by colinmhayes » Wed, Apr 14, 2021, 5:48 PM UTC

hundreddaysoff wrote: post #125

Fede_V wrote: post #35

I'm horrendously worried about crypto gaining more marketshare as long as proof of work crypto remains mainstream. It has significantly worse externalities than just about any company I can think of (including defense contractors/vaping companies), and, if it grows larger before we have clean energy, then we virtually guarantee we won't be able to tackle global warming. We are going to bestow a world that will be sig…

Naive related question from a crypto n00b that a lazygoogle failed to answer: I just plotted some Chia. I left my laptop open to do this. Usually I would just put the laptop in power save mode all night. My understanding is that to actually make any Chia, I would need to wait ~1 year with my one 100GB plot with full-power mode enabled. Vs mostly with the case closed, as it is now, while I do other things. And this do…

Post by aeternum » Wed, Apr 14, 2021, 5:48 PM UTC

skeeter2020 wrote: post #115

rawtxapp wrote: post #102

Earlier quoted context omitted.

Just put a carbon tax on everything that has environmental externalities, it's as simple as that, it doesn't make sense to target a specific industry, especially one that uses stranded/renewable energy.

broad-based consumption taxes are the best theoretical response, but politically no one is going to impose them at the levels needed to discourage consumption, and they almost always get perverted in their application with carve-outs and exemptions. Plus where does that money go? At best it's an inefficient recycling paradigm when what we really need is an at-source reduction in consumption in the first place.

Post by colinmhayes » Wed, Apr 14, 2021, 5:49 PM UTC

delaaxe wrote: post #73

kolinko wrote: post #52

Earlier quoted context omitted.

PoW is on it’s way out - Ethereum is moving away from it and there is no reason for other cryptos to not follow. The major player in PoW will remain Bitcoin, which won’t change. But as soon as solar/wind become cheaper than coal, it will switch to green without a blink of an eye. A random thought - I’m genuinely surprised Bitcoin folks didn’t yet crowdfund building a nuclear reactor for mining purposes ;) They crowdf…

BTC is already mostly powered by green

Post by tolbish » Wed, Apr 14, 2021, 5:51 PM UTC

api wrote: post #133

bob33212 wrote: post #128

Earlier quoted context omitted.

Like a lot of bubbles, there is FOMO and lack of understanding of the technology. It is easy to compare crypto to the internet. When the internet first started out a lot of people didn't invest in GOOG because it was not obvious where the revenue would come from. People are afraid of making the same mistake here as well. "I don't know how BTC will generate cashflow outside of being a Ponzi scheme, but I assume the te…

GOOG was a good investment because nobody invested in it. If everyone had invested in GOOG, it would not have been as good an investment since its success would already be priced in. If the number has already gone up, you are too late. If everyone is talking about it, you are too late.

Post by jtsiskin » Wed, Apr 14, 2021, 5:53 PM UTC

gonehome wrote: post #138

Fede_V wrote: post #35

I'm horrendously worried about crypto gaining more marketshare as long as proof of work crypto remains mainstream. It has significantly worse externalities than just about any company I can think of (including defense contractors/vaping companies), and, if it grows larger before we have clean energy, then we virtually guarantee we won't be able to tackle global warming. We are going to bestow a world that will be sig…

I'm skeptical of proof-of-stake, proof-of-work seems like the main innovation of cryptocurrencies that differentiates them from the standard financial industry? If you swap out POW for POS (or worse clearing house type trust orgs like Stellar) then aren't you just putting trust into some incentive based system no different than existing financial systems? Just instead a government you're trusting some other entity. Y…