Crypto is an unproductive bubble

Post by sundbry » Sat, Mar 19, 2022, 4:39 AM UTC

Tijdreiziger wrote: post #285

cf141q5325 wrote: post #219

Earlier quoted context omitted.

You just repeated the wording of your story while ignoring my post entirely. 1) Contract implies consenting parties. Using the word in another capacity is a frame. It being a popular one doesnt change that. 2) Your actions entailing a lot more then just your declared intentions. As in your definition of harmful being quite broad. Or differently put, you have a story which with you justify forcing people around.

Any contract must be backed up by force, or else it’s meaningless. As an example, if you enter into a legal contract, that contract is backed up by the threat of litigation (and by extension, force). If it weren’t, there wouldn’t be any incentive to obey it. And yes, I do believe that the consensus is that activities with an outsized climate impact are harmful.

Post by chasil » Sat, Mar 19, 2022, 4:41 AM UTC

hackernewds wrote: post #330

chasil wrote: post #308

Earlier quoted context omitted.

This is a major problem. Without redesign, this falls on "q-day". https://csrc.nist.gov/Projects/post-quantum-cryptography/rou... "Formal complaint regarding 8 June 2021 incident - 2021.06.15, Daniel J. Bernstein "Executive summary. A week ago Dr. Daniel Apon from NIST publicly accused me of professional misconduct. Specifically, he accused me of initiating private contact with NIST so as to provide false information…

Never heard of this. Is this a bot comment? the link doesn't indicate how this fail on a so called q-day

  * ssh(1), sshd(8): add the sntrup761x25519-sha512@openssh.com hybrid
   ECDH/x25519 + Streamlined NTRU Prime post-quantum KEX to the
   default KEXAlgorithms list (after the ECDH methods but before the
   prime-group DH ones). The next release of OpenSSH is likely to
   make this key exchange the default method.

Post by cf141q5325 » Sat, Mar 19, 2022, 4:45 AM UTC

danShumway wrote: post #283

cf141q5325 wrote: post #262

Earlier quoted context omitted.

Transfer mechanism are all that any currencies are. All currencies are dependent on being spendable. Thats just a question of adaptation, as in somebody else accepting it in the expectation that it will hold value and be spendable in the future. Involuntary adaptation historically leads to drastic inflation with the trust in the purchasing power degrading. If you are forced to accept it despite low trust, you are mot…

> All currencies are dependent on being spendable. Right, and the issue here is that Bitcoin is not spendable without first being converted to a better currency that normal merchants like your grocer will accept. That's Bitcoin's weak point, you clamp down on exchanges and suddenly it can't be used with most merchants. > Involuntary adaptation historically leads to drastic inflation with the trust in the purchasing p…

Post by omeze » Sat, Mar 19, 2022, 4:48 AM UTC

pavlov wrote: post #337

Osiris wrote: post #320

Earlier quoted context omitted.

You're comparing a centralized approach with the force of law to a decentralized approach which requires buy-in by the masses without any coercion. Of course the two approaches will be different.

TCP/IP was standardized in 1983. Nine years later I had an email address. Two years later I had full IP access (telnet, Usenet, ftp, web). I never stopped using it, even though specific protocols like ftp faded away. In contrast, I bought some cryptos five years ago and dabbled in Solidity too, but there was just nothing to do with it because it’s so clunky and wasteful. I don’t expect to ever touch that stuff again.…

Post by theknocker » Sat, Mar 19, 2022, 4:53 AM UTC