191–200 of 310 posts
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All cryptocurrencies are basically the same and indistinguishable and fulfill the same needs.
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Maybe take a longer view.
Right, the surface of the Earth will eventually become a black body radiator _anyway_, so why should it bother anyone if we want to have a little fun first.
[0] https://www.quantamagazine.org/a-new-thermodynamics-theory-o...
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It's not unexpected that they are correlated.
Well yeah, we’re in the middle of the dump phase of pump and dump in an unregulated marketplace.
i'm holding which of you apes is with me (sarcasm)
If you are confident about the long term prospects of an investment, then holding on for longer might just work. I won't be selling any of my Eth or PoS crypto currencies any time soon. It helps that crypto makes up less than 15% of my portfolio.
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Except Crypto isn’t regulated like stocks, so what your likely seeing is the exchange themselves shutting off service to lock in their customers while the exchange liquidates its positions.
Who are they liquidating their positions to if they are shutting off access to exchanges? Every seller needs a buyer.
Gg for those of you who maxed out credit cards to buy crypto
I was shocked the other day on the Ethereum PoS announcement by the energy consumption per transaction metrics. It threw the whole crypto market into a new light for me. BTC is using over a megawatt hour PER transaction! That's almost 5000 miles in a Tesla model 3. BTC is using about 2/3 of the power of every data center on the planet! Many, many people have been imprisoned or executed for creating less societal harm…
I'm not sure if we can that easily pin the responsibility on a single person and not on every single one who still continue to go for PoW while knowing how destructive it is.
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https://crypto-anonymous-2021.medium.com/the-bit-short-insid... Posted on HN a while back. "To be crystal clear: every time you sell Tethers on Kraken, you are forcing Tether Ltd. to pay you in US dollars. If you can manage to sell enough Tethers for USD on Kraken, then Tether Ltd. will run out of dollars and this whole machine — which currently undergirds 70% of all crypto trading flows — will fall apart. Well-capit…
> will run out of dollars and this whole machine will fall apart Sounds like it could be three things: 1) Their USD standard is bunk. If you're on a commodity money - or secondary exchange money - standard then you can only issue as many certs as there are units of that money in your reserves. With the XAU standard, you can't just mint gold certs without gold underlying it. That's not how any of this works! 2) They j…
I could see Tether becoming insolvent if/when there is another financial crisis that reveals some of these bonds as junk.
[1] https://www.coindesk.com/tether-first-reserve-composition-re...
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> BTC is using over a megawatt hour PER transaction! A transaction meaning transferring money from one wallet to another?
Nope - the author is incorrectly using total energy / total transactions to get this number. Which, is understandable. However, if there were 2x the transactions, the total energy would stay very close to the same. So no. There's a lot of energy to secure the network, but the actual energy usage per transaction itself is a small fraction of that misquoted number.
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> BTC is using over a megawatt hour PER transaction! A transaction meaning transferring money from one wallet to another?
Nope - the author is incorrectly using total energy / total transactions to get this number. Which, is understandable. However, if there were 2x the transactions, the total energy would stay very close to the same. So no. There's a lot of energy to secure the network, but the actual energy usage per transaction itself is a small fraction of that misquoted number.
Transactions are the thing that matters. Simply securing the network achieves nothing if people cannot move money. That's why people measure the network with transactions/joule.
Earlier quoted context omitted.
i'm holding which of you apes is with me (sarcasm)
Well, dumping once you already knee deep in the dump only ensures a guaranteed loss. If you are confident about the long term prospects of an investment, then holding on for longer might just work. I won't be selling any of my Eth or PoS crypto currencies any time soon. It helps that crypto makes up less than 15% of my portfolio.