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I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
Again
I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
It's ok to not like crypto but how about sticking to the truth? * There's many things much more volatile than crypto, the biggest markets being vix if you're a hedgefund and pretty much all derivates like options if you're a gambling man. btc in particular is only 2x from many traditional markets: https://charts.woobull.com/bitcoin-volatility-vs-other-asset... * The second part of only 5% making a profit is made up a…
One example being Algorand which is carbon neutral: https://www.algorand.com/resources/blog/how-algorand-offsets...
Oh and speaking of usage of crypto in China - i wonder how that affects VET / VeChain which is, largely, used by Walmart China to track their wares:
I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
So don't use it duh
(Save the “it’s not really that bad” arguments, I’ve heard all the industry’s gaslighting, but their claims don’t match reality)
Earlier quoted context omitted.
Please educate yourself harder before making these ignorant statements, unless you have a motive behind
Instead of downvoting I decided to write this comment. I don't agree with the sentiment of the parent either, but: * Assume the best interpretation of a comment [1]. * Keep it on topic * Don't attack the person, also not implicitly (e.g. "please educate yourself", don't say that) Reread: https://news.ycombinator.com/newsguidelines.html One can claim many things about the parent comment. But it's all directed to the t…
I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
Europe is currently facing electricity and chip shortages. Banning crypto in the EU would be an acceptable measure for addressing that.
Needless to say that its also technically impossible to ban crypto. Its like banning torrents or even harder and we all know torrent was attacked heavily in the past but it did not go away.
I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
Do you have any resources or studies to describe this more? I have really struggled to find actually nuanced discussions and unbiased sources for this. It’s all at the extremes of it’s either the worst thing ever to not a problem at all.
I’d also be interested in comparisons to energy usage of say servers that run Facebook, Instagram, YouTube, etc.
I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
Probably because heads of state like to print it to solve their short term problems essentially robbing everyone with an inflation tax. I dont call that stable or just. I work and save and expect my currency to hold up and not be abused which is not happening currently.
Edit: HN must be the worst platform in existence to debate. I have about 700 karma and cant comment more than 3 times on this thread. Your rules are not helping discussion or clearing clutter, they're just really annoying. Retrac: no ive hit a limit and cant respond anymore on the whole thread even with only a few comments.
I hope the rest of world follows. There is nothing more volatile than a decentralised crypto currency. The amount of people making a profit from it is less than 5% and energy consumption is beyond acceptable. Crypto as a tech to serve something different is totally fine of course.
Europe is currently facing electricity and chip shortages. Banning crypto in the EU would be an acceptable measure for addressing that.