51–60 of 266 posts
No joke, I want to apeal to the Greta Thunberg type activists/followers and Extinction Rebellion crowds; so, if Franck Leroy wants to have a chat (your misguided attack is absurd and BTC just hit another ATH in the time you wrote that) I extend a friendly open-invitation to discuss how as an environmentalist myself with a background in sustainable Ag, farmers rights, farm to table, and anti nuclear activism we can ge…
I see Bitcoin like a 21st century Apollo project. While I agree the resources appear wasted, they are supporting a revolutionary concept that holds tremendous potential to change the way the world works. Also, consider the scale of resources used by the existing financial system, with its thousands of buildings staffed by millions of people who use energy to come into work every day to keep the whole centralized syst…
> change the way the world works Change how exactly? To me bitcoin seems like this: Expectation: the world ditches banks, dollars, euros, etc. People switch to bitcoin and everyone lives happily, paying for everyday stuff with bitcoin. Reality: people do not use bitcoin to buy groceries. In fact, people do not use bitcoin per se - people are only interested in buying and holding (speculating).
Better promote 'non-shit' shitcoins then instead? Because this 'plan' won't really work/do much.
I'm out of the loop on blockchain currencies. What would be a good 'non-shit' shitcoin?
Earlier quoted context omitted.
If we're going to follow this analogy, what are the beneficial side effects from bitcoin? Better ASICs that do nothing but calculate sha256 hashes? Easier money-laundering? New venues for tax evasion? I guess censorship-resistant online value transfer is worth something, but I'm not sure it outweighs all the negatives.
Some people think the internet should be beyond the control of a single government, and perhaps by extension so too should the financial system. There are a lot of caveats to this idea.
Idea: Change BTC protocol to include a new field in coinbase transactions documenting the CO2 emissions of each block. Introduce an uncle block reward like ETH. Miners agree to audits of their reports. Make block reward dependent on carbon emissions. Use rest for offset programs.
Bitcoin is not a protocol for honest people to reach spontaneous agreements. It uses algorithms to create consensuses, and audit might be powerless in this system.
I see Bitcoin like a 21st century Apollo project. While I agree the resources appear wasted, they are supporting a revolutionary concept that holds tremendous potential to change the way the world works. Also, consider the scale of resources used by the existing financial system, with its thousands of buildings staffed by millions of people who use energy to come into work every day to keep the whole centralized syst…
I think this is a very bad comparison, for several reasons. 1. With the Apollo missions, the money being put into the project was going into research and development, so there was at least some expectation of getting new science and technology out of it. With Bitcoin,nthe money put in is going into speculation or mining, which only fuels the network. There is no reason to expect new technologies to come out of this,…
Proof-of-stake coins are one obvious counterexample. Would proof-of-stake technologies have been developed if proof-of-work didn't come along first to incentivise development and build trust in cryptocurrencies?
I see Bitcoin like a 21st century Apollo project. While I agree the resources appear wasted, they are supporting a revolutionary concept that holds tremendous potential to change the way the world works. Also, consider the scale of resources used by the existing financial system, with its thousands of buildings staffed by millions of people who use energy to come into work every day to keep the whole centralized syst…
> ... Ethereum uses POS ... No, Ethereum is at least not using PoS for now.
Earlier quoted context omitted.
> change the way the world works Change how exactly? To me bitcoin seems like this: Expectation: the world ditches banks, dollars, euros, etc. People switch to bitcoin and everyone lives happily, paying for everyday stuff with bitcoin. Reality: people do not use bitcoin to buy groceries. In fact, people do not use bitcoin per se - people are only interested in buying and holding (speculating).
People actually use Bitcoin - to transfer money across the world where other options are unavailable or too expensive. It's very popular in Africa.
Source? Africa has mPesa which is vastly superior than BTC