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Comment Bitcoin is not the only one (Score 1) 327

while I realize that bitcoin is the first and the biggest crypto...its also the most useless one.

using bitcoin as an example for anything crypto is setting your analysis up for failure. I agree that bitcoin can't ever be green... but there are chains that are currently carbon negative (like algorand) and quite a few other chains that use low power but aren't carbon negative (like near and avalanche). algorand has the total power consumption of 3 houses. this is with 1000 tps (soon to be 10k) and 4.5 second finality.

the next topic is banking the unbanked. obviously bitcoin is useless for this too (and so is eth)due to their insane fees... but again they aren't the only chains. quite a few chains have fees that are significantly less than that of a credit card or Vodafone.

next thing is the securities fraud. I dont see how this is an issue with crypto as much as it is with our totally useless government. they could easily step in and prevent fraud without stifling innovation, but they won't because they can't decide even after a decade whether or not a crypto counts as a security or cash (or something new in between). if they can't even give regulatory clarity to the industry, how do you expect them to regulate it?

then we move onto the ponzi scheme issue. lots of crypto are ponzi schemes, i agree. Terra was obvious from the start ( 20% forever with 0 risk?). you had to be a moron to not realize that was a ponzi. I agree that chains should be valued based on their real world application value and not some random nonsense like 'digital gold' or just because they have a bunch of expensive jpegs like eth. you just have to do due diligence and not get sucked into hype.

will crypto fail? quite possibly, but to say it's doomed to fail is like saying the internet was doomed to fail. there will eventually be some winners in the space (and they won't be btc or eth). these winners will be cheap, easy to use, decentralized, carbon negative, and have tons of real world applications.

Algorand already has tokenized real estate, tokenized ticketing systems, payment systems, vaccine passports. they even are used as the back end for bitcoin payment systems (because as pointed out in the op, you can't use bitcoin as payment)

Comment because it sucks. (Score 1) 408

on the Linux version of Firefox, they've decided to start having mandatory updates. the problem is it updates while you're working and will not let you continue until you restart. I was filing out a form for an hour and then I click the submit button and it took me to the 'you need to restart your browser' page. I tried everything I could think of to get past it and continue doing my work. eventually I restarted. it lost my work and I had to redo the form.

Comment Re:Crypto (Score 1) 209

Porn hub followed all of the mastercard restrictions that onlyfans didn't want to follow. That's why they lost all their users. Overnight all of the good stuff disappeared because it wasnt verified. Mastercard is requiring every video be from a verified user and also that someone watches every video before they show up online.

Comment Re: From the article (Score 1) 99

it isnt entirely irrelevant. it massively increases the cost of getting high speed internet just between the major cities. south korea's population is double that of texas but fits in 1/7 the space. that means that it has 14 times higher density than we do. seoul has a population density more than 10x that of houston. that means that it's functionally 10x cheaper to give internet to seoul than houston.

 

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