SuckMyWang @ SuckMyWang @lemmy.world

Posts

9

Comments

970

Joined

2 yr. ago

Physics in a sense of the current limits of computing and energy generation are based on physics. If I come up with a faster computer I get paid more and I also further secure the network. It’s a way to insure against technology advancing enough to break the network. If I come up with free electricity I only have to worry about the cost of compute. And bitcoin miners can and do ask for more money if the price of electricity goes up. They do this by holding onto mined coins for longer creating a supply shortage. The big exchanges often get their liquidity pools from miners so if the miners don’t sell they have to pay a higher price set by the market. And finally if PoW is so bad why do you admit that the price of PoS is tied to it? If bitcoin went PoS its fundamentals would collapse and most of the crypto market along with it.

They need to pull their nuts out

There’s nothing superior about a toilet you can’t wash your nuts in

I kind of agree. To me it seems like the only real difference is the transparency. Which shows how bullshit legacy institutions are that they do what ever they can to hold onto control and remain opaque. Just be open and crypto has no advantage what so ever. But they won’t, so they will at the least through their own inability to curb their greed, allow crypto to own a space in the financial system

No currency is green. Crypto, fiat or visa etc it all burns resources to maintain

The benefit of PoW is that it is tied to real world physics and markets. The price of bitcoin is derived from the price of electricity, computing power and the supply. PoS is tied to the price of what the owners of the coins will sell them for and who wants them, in ethereums case there’s an unlimited money printer that could crash the price at any moment - like the usd, but the usd has a huge ass army behind it

Isn’t ethereum a centralised shit coin with a money printer attached, controlled by the owners of the “foundation?”

They’re making it more efficient… to do shitty things like exploit people and steal their data

It’s not that no one can be trusted. It’s that there is enough bad people and incentive to do real damage to everyone else (even the majority of good people) and unfortunately they may need to be protected from that. If we get another Great Recession that doesn’t snap back bitcoin will have its value proven, if that doesn’t happen then it’s a waste of time and effort. It’s really more of a hedge at this point until things play out

Well either way the extra profit is worth the realized potential carnage. Oh well I guess, no one will go to jail anyway

Sports cars are fast and handle well. I don’t care for the look of them but they do create a ride like feeling.

Better still, buy an empty lot and it is your residential home

If we shut these down domestically the product will just get imported. Do you think other countries aren’t exploiting their workers

This happened to me when I was a beekeeper. Do not recommend 0/5

It’s too late. Those man boobs are etched into my memory. If I could pick them in a police line up ai will have no trouble playing pin the tittie on the honky

I use blockbot to do my blocking, it’s not very good but I’m going to give it about 2 months to see if it gets any better

Oh is this why they are assless? I could never figure it out

Lead are fine. I had lead paint on my room as a children and turned outgood

In Marks defence he is a piece of shit. (That was the best defence I could come up with)

And why are republicans sponsoring a bill protecting a Democrat plant??