Cryptos
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Hello everyone !
i was searching for a topic related to crypto lovers or early crypto adopter, but i didn't find on !
I think lounge/technology is the right place to be for this kind of subject.So if some people want to exchange about cryptos, mining or trading, please express your opinion below !
i'm currently mining a lot a RVN before the shift in X16RV2 tomorrow and hold some KCS, so well if you have advice about some project I don't know, fell free to tell me
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@remi-flores There is something fundamentally flawed and unethical in burning loads of electricity to generate artificial wealth. Just my opinion, of course, but someone with technical and/or programming skills should be doing something productive with their knowledge and resources that would actually benefit society.
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@Gwen-Dragon well i see that cliché is real :disappointed_but_relieved_face:
Only 5% percent of the blockchain transaction is related to fraud...
And MOST of the cryptocurrency world doesn't rely on mining...
Majority of them are Token, it means that you exchange with FIAT currency but you don't have to mine it to create this money.
And the majority is Proof of Stake : to hard to explain in 2 lines so just informed yourself !:smiling_face_with_open_mouth_cold_sweat:And some project are way more interesting than you think. I'll take the example of the Theta Network : it will just changes the future. (not a strong word)
it will allow people with a bad internet connection to watch video content in HD. Those who have an excess of bandwidth just share it throw to Theta Network to those who need it. This is insane.And this is just an example out of thousands...
I'm NOT in the blockchain/crypto sphere to make profit out of it. i'm here because as the internet did 30 years ago, the blockchain will change internet and interaction between entity ! -
@remi-flores said in Cryptos:
it will allow people with a bad internet connection to watch video content in HD. Those who have an excess of bandwidth just share it throw to Theta Network to those who need it
Sorry but that sounds like a scam/fraud to me. If one has a physically limited bandwidth to 7Mbit in his ADSL due to long distance from the dsl exchange, there is NOTHING one can do, it will be limited and will be never reaching 20 or more Mbit. There are no fairy tales you can tell them, their bandwidth is and will be limited. Unless you're not talking about ADSL connections but only about wi-fi/fiber, that is.
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There are no fairy tales you can tell them, their bandwidth is and will be limited.
No matter how hard you push and no matter what the priority, you can't
increase the speed of light.
- RFC 1925 - 'The Twelve Networking Truths'
Looks like it's some kind of distributed bandwidth tech - kind of like Bittorrent from the little I read about it - except they will control the availability of tokens for the nodes or something... I dunno. Probably valid enough tech-wise, just depends on how its implemented, and more importantly, who ends up controlling it in the end.
https://www.coinbureau.com/review/theta-token/ -
@iAN-CooG
yeah Samsung and Sliver.tv are the major partners but scam...
please inform yourself before spreading misinformation.
The aim of theta is to "relocate" the way you interact with the serve. Your computer with free bandwidth become a server so that a china man don't have to question an american server. That's how you speed up your internet connectionAnd I repeat that Theta Network was just an example, I just want to discuss about blockchain's project in general...
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@remi-flores What I learned recently is that every transaction with crypto currencies uses a huge amount of power, and not just generating the currency tokens in the first place.
Moreover, as the value of Bitcoin rises to $60,000 the incentive to mine them increases so people buy ever more powerful computers to do nothing else but mine bitcoin.
This may not matter too much if the power used is superfluous green energy, but the energy is still wasted rather than being used productively.
Someone needs to invent an entirely new kind of crypto-currency that requires minimal energy to generate, and almost none to make transactions with.
Tesla bought $1.5 billion in bitcoin back in February, when prices were around $33,000 so it is up about $1.2 billion in a month — enough to build a new Gigafactory in India. However, what was the environmental cost in tonnes of CO2?
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@Pesala Because you dont see the whole picture.
People work to take money, so they convert this money in crypto, and the miners maintain the blockchain working for transactions with this crypto without taxes or thirth.
And people use crypto to run away banks and governments. Here on latin america, bitcoin has saved many people from shit governments like of the Venezuela and Argentina and the same thing happens in countries like Angola and others with nuts and dictatorial governments.If you dont think that freedom from banks and governments not worth it, so, your opinion is correct.
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@albertguedes In countries with dictatorial governments, or just really corrupt politicians, there is a huge amount of waste regardless. I don't think we should add to the problems with more inefficient ways to side-step taxation.
An entirely new type of bitcoin is needed. I was unhappy with banks using the donations saved for my needs to give golden handshakes to top staff when the banks failed and needed government bail-outs. They invest those funds in all manner of businesses, like sub-prime mortgages, weapons manufacturing, polluting industries like oil and plastics, cruel industries like animal slaughter and fisheries, and some banks provide money-laundering for crooks.
So what I did was move most of those donations into Tesla shares. Tesla has a stated policy of accelerating the transition to sustainable energy.
I understand the advantages of bitcoin for transactions, but currently the hidden cost of bitcoin transactions is the burning of more coal at worst, or the waste of clean energy at best.
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Bitcoin
That’s the problem. You’re stuck in Bitcoin.
There are so many blockchains that do not waste energy.
Someone needs to invent an entirely new kind of crypto-currency that requires minimal energy to generate, and almost none to make transactions with.
They have.
https://coincodex.com/cryptocurrencies/sector/proof-of-stake/
https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/
https://Nimiq.comThere is certainly valuable criticism you could give to blockchain, but please base it off of modern blockchains rather than the first blockchain.
Edit: Also remember most blockchains are open source and not for profit, so it’s not exactly capitalism.
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@pesala Hmm, perhaps, but I don’t see how dogecoin would take off
Also, the thing to understand with PoS is if someone stakes all the money then they control the blockchain. So if Tesla makes a big investment then few other people will want to buy. It will rely on community adoption - but I don’t see who will adopt this except as a joke.
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@pesala The Elongated Muskrat has an account on the forums??!
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@pathduck Of course! What browser did you think he used?
Not Chrome??!
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@hanlonsrazor said in Crypto Payments in Vivaldi:
“Realizing the extent of its shady, ignorant, and spam-happy proponents, I chose to opt out.” —Money corrupts; bitcoin corrupts absolutely – https://www.cynicusrex.com/file/cryptocultscience.html.
I wanted to briefly address this post.
I still don’t get why you think it’s worse than stocks. You should have bought the ETH, staked it, let it be until you need to make a payment. Don’t blame your own investment mistakes on a blockchain or a faceless community. Bitcoin is t trying to solve people’s greed, that’s your problem.
I won’t talk too much about the guns and animal rights, though I do support both to some extent. That Bitcoin developer definitely seems a little crazy.
I also don’t get how you consider it a ponzi scheme despite having multiple competing operators. Ponzi schemes can be based on crypto, but it is not in and of itself a Ponzi.
Yes, cryptocurrency currently relies on banks, only because most employers don’t provide a cryptocurrency option. Similarly, many of the problems you speak of will diminish as adoption grows past 50%.
As I mentioned, other coins are not bad for the environment.
Conclusion:
You are too quick to make assumptions and jump to conclusions, thus, cryptocurrency was not a good fit for you. Good for you for knowing when to stop, but you there’s no need for fearmongering or thinking everyone else has a similar experience. Sorry if I offended you. -
This may not matter too much if the power used is superfluous green energy, but the energy is still wasted rather than being used productively.
Even putting aside that (form what I've read here on the forum) modern cryptocurrency doesn't guzzle electricity the way Bitcoin does: You would prefer that the power be totally and completely wasted? That it be lost rather then used for something?
If (say) a hydroelectric dam produces way more power then people actually consume from it: You would prefer that power not be used at all, that it be lost forever, then that it be used for cryptocurrency?
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@hanlonsrazor said in Crypto Payments in Vivaldi:
“Realizing the extent of its shady, ignorant, and spam-happy proponents, I chose to opt out.” —Money corrupts; bitcoin corrupts absolutely – https://www.cynicusrex.com/file/cryptocultscience.html.
I still don’t get why you think it’s worse than stocks.
I also don’t get how you consider it a ponzi scheme despite having multiple competing operators. Ponzi schemes can be based on crypto, but it is not in and of itself a Ponzi.
If you can't answer these questions after reading my article then I cannot help you.
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@hanlonsrazor I read the article, and honestly, it seemed barely coherent. That, or it wasn't an article written for the layman. I can make a better case that cryptocurrency is a Ponzi scheme then the article did, just by pointing out that you get more of a cryptocurrency if you're one of the first people to mine it!
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@hanlonsrazor I can make a better case that cryptocurrency is a Ponzi scheme then the article did, just by pointing out that you get more of a cryptocurrency if you're one of the first people to mine it!
That literally is in the article.
PS Your torpedos can't hit my aeroplane.