It was supposed to be a financial revolution. Instead, crypto has become an environmentally disastrous gift to con artists, says academic David A Banks
I thought this forum is about technology, and not religion.
and no one with real money being made is going to change the way it works now.
Of course, no one is going to change the way an existing currency works, that would cause major trouble. If you want a different type of cryptocurrency, it should start as a new project.
I thought this forum is about technology, and not religion.
Cryptocurrencies etc are religion at this stage, debating cryptobros is eerily similar to debating religious fanatics. You get a recital of the “truths of faith”, and any scratching off the surface and pointing out how they are demonstrably untrue gets people angry and start calling you names.
Plenty of threads here over the last few weeks that prove it.
environmental impacts are largely:
Carbon dioxide output, resources required to accommodate expanding blockchain, increase in proof-of-work requiring even greater resources and even higher carbon output, greater strain on gpu demands etc.
then take those reasons and consider ever single crypto with these issues
all in all, you could say that those things are all bad
you speak to your audience. I’m assuming that a majority of people here do not represent the interests of GPU manufacturers…
or we can assume everything is subjective and therefore does not matter one bit in the grand scheme of things
I have no desire to start any new crypto currency. I’ve worked development in that business for long enough to have completely lost the taste for it.
Most coins are poorly planned and run by con men. It’s no surprise that things are slowing down
I thought this forum is about technology, and not religion.
Just noticed this. Didn’t think exaggeration or metaphor was beyond the scope of people’s comprehension?
If we are talking about most coins, then its definitely true that they are poorly run. But surely you can agree that there are at least a handful of technologically interesting crypto projects. For example Sia
And what exactly do you consider as “sinful impact”? Everything that you personally consider “bad” for some reason?
See above. The comparison was to what the crypto boom has done to GPU prices.
Sia seems mildly interesting, but I don’t see what purpose it fulfills that self hosting does not. It introduces several complications to what should be a fairly straightforward process, and keeping your files on the Sia blockchain would really limit what you are able to do with them without introducing even more complicated steps. Like if you wanted a hosting solution that could act as a database, or a simple webserver.
It seems like just another way to get people to buy into a specific crypto currency.
Get rid of the crypto currencies, and use the blockchain for more reasonable things. At least in Canada, there would be merit in having every hospital acting as a node on their own private blockchain so they could share patient information. Make sure that if someone is hospitalized outside of their usual location, they aren’t given something that they’re allergic to.
Blockchains are largely just privatized, highly redundant networks for data exchange and tracking. I think what people outside of investors seem to be truly drawn to is that idea of privacy and data ownership.
Fediverse and self-hosting align closer to these ideals
I thought this forum is about technology, and not religion.
Of course, no one is going to change the way an existing currency works, that would cause major trouble. If you want a different type of cryptocurrency, it should start as a new project.
Cryptocurrencies etc are religion at this stage, debating cryptobros is eerily similar to debating religious fanatics. You get a recital of the “truths of faith”, and any scratching off the surface and pointing out how they are demonstrably untrue gets people angry and start calling you names.
Plenty of threads here over the last few weeks that prove it.
you have to be delusional to not objectively assess the state of gpu prices and the environmental impacts as “bad”
https://priceonomics.com/how-has-cryptocurrency-mining-influenced-gpu-prices/ here’s an interesting bit on the prices
environmental impacts are largely: Carbon dioxide output, resources required to accommodate expanding blockchain, increase in proof-of-work requiring even greater resources and even higher carbon output, greater strain on gpu demands etc. then take those reasons and consider ever single crypto with these issues
all in all, you could say that those things are all bad
I think the label “bad” is very clearly subjective. For example, gpu manufacturers clearly benefit from this.
you speak to your audience. I’m assuming that a majority of people here do not represent the interests of GPU manufacturers… or we can assume everything is subjective and therefore does not matter one bit in the grand scheme of things
I have no desire to start any new crypto currency. I’ve worked development in that business for long enough to have completely lost the taste for it. Most coins are poorly planned and run by con men. It’s no surprise that things are slowing down
Just noticed this. Didn’t think exaggeration or metaphor was beyond the scope of people’s comprehension?
If we are talking about most coins, then its definitely true that they are poorly run. But surely you can agree that there are at least a handful of technologically interesting crypto projects. For example Sia
And what exactly do you consider as “sinful impact”? Everything that you personally consider “bad” for some reason?
See above. The comparison was to what the crypto boom has done to GPU prices.
Sia seems mildly interesting, but I don’t see what purpose it fulfills that self hosting does not. It introduces several complications to what should be a fairly straightforward process, and keeping your files on the Sia blockchain would really limit what you are able to do with them without introducing even more complicated steps. Like if you wanted a hosting solution that could act as a database, or a simple webserver. It seems like just another way to get people to buy into a specific crypto currency.
Get rid of the crypto currencies, and use the blockchain for more reasonable things. At least in Canada, there would be merit in having every hospital acting as a node on their own private blockchain so they could share patient information. Make sure that if someone is hospitalized outside of their usual location, they aren’t given something that they’re allergic to. Blockchains are largely just privatized, highly redundant networks for data exchange and tracking. I think what people outside of investors seem to be truly drawn to is that idea of privacy and data ownership. Fediverse and self-hosting align closer to these ideals