Phoenixz @ phoenixz @lemmy.ca

Posts

5

Comments

5,025

Joined

2 yr. ago

Oh sure. Everyone deserves the trial that they didn't wanted to give to others because we are better than them, we WILL give them the rights they denied to others

They are inherently bad. By design.

At the very basic level, everybody needs to execute eachothers transactions. This means that if a billion wallets make a single transaction that you end up with 10^18 transactions being calculated. To call it inefficient is the understatement of the year.

This, incidentally, is also the reason why the wallet data file is just ridiculously stupidly enormously big. I've been out of it for years now (minus the bit that I'm using now as an investment) but a real Bitcoin wallet required terabytes of data

All this culminates in Bitcoin using more electricity than a modern country to support a tiny fraction of the world's financial transactions, something you might want to think about with climate change and all.

None of that is "by design" its just the result of an unstable system. Crypto sucks for a long list of different reasons.

Crypto is not a scam, it's just plain stupid.

The entire idea behind it is what a third grader might come up with and think it's a great idea. It's not.

It literally requires every connected wallet to process the same transactions as everyone else. Can you imagine doing billions of transactions per day this way? It is extremely inefficient and yes, this is one of the reasons why even the relatively low amount of transactions that Bitcoin processes costs more electricity than a small modern country.

It's in a way comparable to a cpu doing 6+7 in a single CPU cycle whilst AI needs to burn down a forest to answer the same question

Crypto is stupid.

I get what its trying to replace and i agree that the current system sucks as well for a long list of reasons, but crypto is NOT the solution. A fundamentally different system must be designed to be able to solve the issues that crypto is trying to solve

This

This is how you deal with companies lying and cheating. You jail the owners or C suite.

Monetary penalties won't change anything, won't stop anybody, jailing those involved will.

Any organization called "blah blah shield" is telling you that it's a piece of shit organization

I hate crypto and the entire technology behind it is embarrassingly stupid but ngl, I bought Bitcoin as an investment and it was not a bad idea so far. Even if it falls to 50% of its today value before I pull out I'll still have multiples of what I invested.

Not trying to goad anyone into doing the same, just saying that I'm trying to make something good out of a bad situation

The US armed forces might want to have a word about this tho

is an environmental all encompassing disaster for children pretty much everyone alive

FTFY

And that list isn't even complete

Wikipedia burn

Nope, it's unhoused now! I can't wait for 20 years from now when "unhoused" is suddenly considered an insult because reasons and we yet again need to invent another stupid word to refer to this. Houselessness, maybe?

Yes, just call it what it is: homelessness. There is nothing wrong with the word, it's not insulting anyone, it just says what it is.

Soooo, we then just go back to handing guns to anyone?

Sorry, but with that attitude we can't improve anything. How about we just keep it a psychology test?

What did Ukraine do?

Ukraine is awesome and I stand with Ukraine

The Tribune reported last year that the state’s wall program would take around 30 years and more than $20 billion to complete.

Typical Cheeto. Just claim something is super easy to do and won't cost a dime. When reality sinks in (usually years later after spending billions) that it's going to be over 100 times more expensive than he thought and will take decades longer than he thought, just quietly stop working on it...

Next up: the golden dome 🤮

So she created a video that wad about trump and maga destroying the world?

Yeah, I get that Cheeto might fire her for that

Between isis and Hussein I'm not sure which of the two is the lesser evil, as Hussein was a fucking monster

How about jailed, at least?

.,. And stop calling me Shirley

I'll show myself out

venture capital

Aaaand it's gone.