• overflow@lemmy.ml
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    3 years ago

    Those six mining pools cannot mint more btc and there are other cryptos other than btc

    I mean, how does these two things — the Ethereum hard-fork because of DAO bug, and wallet blacklists — not show that clearly the whole crypto sphere is just bull? That’s literally the most basic promise cryptobros make; and yet it simply does not hodl.

    That’s ethereum you moron there are literally several other blockchains in existence that have not hardforked to reverse a transaction. How is someone using their borrowed funds to do something unethical disproving my point that no one can stop you can from borrowing funds . When have whales ever stopped ethereum classic users and other hard forks from moving away from the monetary policy of the original chains. Most defi protocols don’t ignore the outcome of votes no one forces you to use a particular one

    • rysiek
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      3 years ago

      Those six mining pools cannot mint more btc and there are other cryptos other than btc

      Of course they can. That’s literally what they do, it’s just called “mining”. But also, if they pooled together and got over the magic 50% of global mining capacity, they could just rewrite history, moving any BTC any way they wanted.

      That’s ethereum you moron

      Please either stop calling me names, or get more creative. This uncanny valley of dank aggro is unamusing.

      Also, Ethereum happens to be one of the most popular blockchains. If that’s not indicative of the rest of community, what is?

      Also also, are you saying Ethereum is a failed project because of the DAO hard-fork?

      Also also also, that’s like me claiming that this little local bank I know here around the corner doesn’t do unethical stuff and so that disproves your whole point about banks being evil. So are banks not evil, or is cherry-picking not a winning strategy? 🤔

      • overflow@lemmy.ml
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        3 years ago

        It is not only the blockchain in existence so it’s completely stupid to treat it as the representative of all projects in the space when they’re built by different team teams with different philosophies, governance and monetary policy it’s like saying because c is the lingua franca of the programming world that all other programming languages must share the same inherent flaws they’re different projects they so it only makes sense that they should be judged differently. It’s an unfinished project since it’s hard to say objectively whether it’s failed or not it has a quite a lot of applications running on it some good ones and a lot of bad ones too subjectively I would say that it’s not even if I don’t agree with it’s philosophy it clearly has a userbase that doesn’t mind it. Some banks are evil I wasn’t saying all banks are evil the point I’ve been repeatably been trying to make that it’s completely unfair to smear a group based on the actions of some individuals

        • rysiek
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          3 years ago

          Dunno man (I assume you’re a guy, please correct me if I’m wrong), the link in the original post mentions a lot of other blockchains that seem to have all sorts of problems.

          Also, waiting impatiently for your insightful take on blacklisted wallets.

          • overflow@lemmy.ml
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            3 years ago

            Dunno man (I assume you’re a guy, please correct me if I’m wrong), the link in the original post mentions a lot of other blockchains that seem to have all sorts of problems.

            A quick glance at the link only shows ethereum and solana related news as you know already ethereum has had a history of censorship since it’s inception and solana isn’t even a decentralised blockchain it utilizes a handful of beefy nodes to achieve consensus neither projects’ developers have ever really been known for being true believers in decentralisation in the fullest so none of them can be seen as guides of the best in the space.

            Also, waiting impatiently for your insightful take on blacklisted wallets.

            blacklisted wallets are terrible you can connect your own front end to the smart contract if you’re technical/use another front end to the smart contract done by someone else if you’re not technical/use another defi protocol

            • rysiek
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              3 years ago

              How unfortunate that even freedom-loving cryptobros allow their projects to do such horrible things. Who woulda thunk it! It’s almost as if it’s more about financial stakes than “freedom” or whatever. 🤔

              • overflow@lemmy.ml
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                3 years ago

                I literally just said that they’re aren’t that and it’s a mistake to think of them as that the space like everywhere else is full of people with different values and to some it’s completely ok if projects do hardforks for bailouts because they don’t care about decentralisation

                • rysiek
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                  3 years ago

                  No true cryptobro, gotcha.

                  But also, it’s a mistake to think of the banking sector as a single thing, as that space like everywhere is full of people with different values. Right?

                  • overflow@lemmy.ml
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                    3 years ago

                    some people like crypto to make big bucks

                    some people like crypto because cool cryptography and decentralised solutions are interesting to figure out because they’re naturally inefficient

                    some people like crypto because it’s really cheap to send money back home to Nigeria

                    some people like crypto because government blocked them from the formal banking system

                    some people think we will all use crypto

                    some people think we won’t use all crypto but view it as another option to have if hyperinflation happens