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Comment One of the reasons for the rise of "stable coins" (Score 1) 50

Is the interest rates you can get. USDC (coinbases stable coin) can be seen to be getting about 12% APY interest in some places. Compare that to banks 0.55% APY. Some countries are even considering negative interest rates. Even the more "modest" interest rate of 8% APY (seen in many more places) nukes traditional savings account rates. And that is just ONE stable coin. There are many more that get varying amounts of return. Some are even backed by precious metals such as Gold.

Comment They don't address the future DNS collisions. (Score 1) 25

Right now, they are considered a "rouge" registrar. If ICANN decided to, they could start selling .crypto domains and that would be a headache for everyone. Imagine if I typed in pepe.crypto and both addresses existed. One on the ICANN registrar and Unstoppable Domains? What does the browser do? While possible, it seems unlikely the browser would open two different tabs to the same address. Not to mention, that just opens a surface area for attack.
Government

Trump Administration, In Late Push, Moves To Sell Oil Rights In Arctic Refuge (nytimes.com) 373

An anonymous reader quotes a report from The New York Times: The Trump administration on Monday announced that it would begin the formal process of selling leases to oil companies in a last-minute push to achieve its long-sought goal of allowing oil and gas drilling in the Arctic National Wildlife Refuge in Alaska. That sets up a potential sale of leases just before Jan. 20, Inauguration Day, leaving the new administration of Joseph R. Biden Jr., who has opposed drilling in the refuge, to try to reverse them after the fact.

The Arctic refuge is one of the last vast expanses of wilderness in the United States, 19 million acres that for the most part are untouched by people, home instead to wandering herds of caribou, polar bears and migrating waterfowl. It has long been prized, and protected, by environmentalists, but President Trump has boasted that opening part of it to oil development was among the most significant of his efforts to expand domestic fossil fuel production. The Federal Register on Monday posted a "call for nominations" from the Bureau of Land Management, to be officially published Tuesday, relating to lease sales in about 1.5 million acres of the refuge along the coast of the Arctic Ocean. A call for nominations is essentially a request to oil companies to specify which tracts of land they would be interested in exploring and potentially drilling for oil and gas.

The administration's announcement establishes a tight timeline for lease sales, with the earliest they could occur being on or about Jan. 17. The call for nominations will allow for comments until Dec. 17, after which the bureau, part of the Interior Department, could issue a final notice of sales to occur as soon as 30 days later. Normally the bureau would take time to review the comments and determine which tracts to sell before issuing the final notice of sale, a process that can take several months. In this case, however, the bureau could decide to make the entire coastal plain available and issue the notice immediately. Any sales would be subject to review by agencies in the Biden administration, including the bureau and the Justice Department, a process that could take a month or two. That could allow the Biden White House to refuse to issue the leases, perhaps by claiming that the scientific underpinnings of the plan to allow drilling in the refuge were flawed, as environmental groups have claimed.

Comment Re:Once Infected By The CCP (Score 1) 41

Always infected by the CCP. Only fucking self-absorbed idiots would see through this attempt to save their business. TikTok is part of the commuist regime, plain and simple. Using it is basically supporting communism as well as giving in to those pieces of shit. It should be outright banned. Blocked on all networks, removed from all devices.

That might work in some countries, but I'm (rather parochially) assuming that you are referring to the United States, Since this site is mostly america. How would you suggest this would work in the United States? Short of sanctions of the company, I can't see any way for the United States to mandate a ban. Unless there was a law that implemented a "National Security Concern" on digital applications, which would be MASSIVELY Orwellian.

Comment If nothing else, Biodiversity recordings (Score 4, Insightful) 75

If nothing else comes from it, at least there will be a snapshot of the current level of biodiversity in the lake. Which could be useful for future planning if there is ever a algae bloom or other problem that arises. They could look back at the test and track where the problem first showed up.

Comment Re:Care to elaborate (Score 1) 48

for one who clearly knows so little? I don't understand the benefit to proof of mining. As far as I know it's just there to add artificial scarcity to the system in order to control the crypto-currency equivalent of inflation. Are these calculations being used to solve some other math problem (like Folding at Home does or the SETI stuff)? .

There is a PoS coin that solves that issue. Gridcoin for example.

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