Ibaudia @ Ibaudia @lemmy.world

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7

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550

Joined

2 yr. ago

This, plus I've found corruption to be a way bigger issue on Windows. I had been using a Win10 install for about 5 years and eventually it just stopped booting and I had to reformat. Maybe it was my SSD, but I've been running Linux on that same SSD ever since then with 0 issues.

God hates democracy apparently?

Depends on what you're breaking I guess. If it's DE stuff, kernel stuff, etc. Usually I just find a good YouTube tutorial if I want to learn something new and don't know what I'm doing.

And gun deaths have dropped enormously ever since.

Realistically you don't have to if you're not constantly tinkering, but if you're changing a lot of low-level stuff without knowing what you're doing, you have the ability to break things. If you don't know how to fix them, then it's easier to just reformat. Basically it's a skill issue lol.

BTC processed 93.1 million transactions in 2022 while Visa (just Visa) did 192.5 billion. Not very popular as a payment method for sure.

Edit: To be clear this the 93.1 million for BTC includes crypto-to-crypto trades.

I fail to see how crypto or BTC alleviates the problems with fiat that exist under failed regimes. If anything I feel like it would exacerbate them given that crypto operates on a public, append-only ledger that gives disproportionate power to those that leverage their existing influence and are able to interact with the ledger in bad faith/deceptively. Empowering the unbanned unbanked is a common talking point but I don't see it actually becoming real outside of a few niche cases that tend to be exaggerated in crypto spaces. And even then I'm not sure those will stick around in the long run.

I will believe in initiatives like the lightning network when they actually see mass adoption. I personally don't see that happening because of the aforementioned problems. Scalability and practicality compared to existing standards being the primary ones.

Power is still an issue considering BTC uses as much electricity as a small nation despite being the hobby of a few hundred thousand people, versus the entire global banking industry which is a million times more efficient as things stand currently. I don't think "but it's worth it because BTC is good" is really a good counter to that. It's not sustainable.

Also "it's too complicated to explain" isn't a particularly persuasive argument lol.

Then please provide evidence that these services are actually being used if you are so confused convinced that is the case.

It works as a marketing strategy to virtue signal to tech fetishists, but nearly no one actually uses these services.

There are but virtually no one uses them, and I'm sure if they did they would take it away the due to the aforementioned issues. It's just kind of a mess. It's not not a good vehicle for commerce and it never has been.

I also noticed that it was strikingly uncritical. Does not reivew any mass-adoption scenario, lists very few drawbacks, and seems to be a hype piece targeting individual investors.

The fact that institutional holders are some of the biggest holders is a red flag in itself given that crypto marketed itself as a solution to problematic power structures. So far it has no use other than speculative value.

I feel like Lemmy is small enough that my comments might make a small difference lol.

It is about 99% more efficient than proof of work, making it still enormously inefficient compared to traditional means. Crazy to think about!

The report doesn't seem to address any of the most damning arguments I've heard against crypto currently. Namely:

• Bitcoin is mostly just a vehicle for speculation and is too slow and expensive to be considered for actual commerce
• Nothing about crypto directly solves any of the existing problems with currency, since the problems are social structures and financial incentives brought about as an emergent property of organizations and are not a function of the currency itself (some of the biggest holders of crypto are the same huge investment agencies that created the subprime loan crash in '08)
• The fact that blockchains are enormously inefficient, given that unfathomable amounts of redundant work are being done (Visa uses about 1.5 Wh per transaction vs BTC which is about 1,500-2000 kWh, making BTC over one million times less efficient)

In my opinion, there's a reason why you haven't been able to do anything with your Crypto besides bet on it for over a decade now. It's because it's just a bad product, engineered by techbros who think they know better than the global banking system how to create a decent financial product.

This has been proven to be untrue by other countries who have done the same in the past.

Pro-choice is for bodily autonomy. The death penalty is very much against bodily autonomy.

https://youtube.com/shorts/H8Otgbm--Ek?si=Js4tlXKEPYXCCpao

It can be fairly priced, but that doesn't really change anything I said before. It's not how the property is run that's the problem, it's that it's owned by someone who isn't living there during a time where that, on its own, creates problems.