You know how many ships are needed to transport the thousands of components in the vast supply chain of computer chips? its a lot
If shiping slows down, computer chips become more expensive. And the whole world relies on them for everything. That includes you.
i really doubt sail powered ships are as fast as oil powered ones
satoshis private key is…and from there slowly
This makes it about as complex as a modern beer brewery.
how on earth is making a GMO as simple are brewing beer?!
I cant tell if ur joking or being serious
a benefit of ai is that its faster than a human. on the other hand, its can be wrong
planes need oil, as do ships.
I agree with some of what you’ve said but not all
Bitcoin has intrinsic value because its simply more practical for society to collectively hallucinate that it’s valuable, because it allows for more trade. And at the same time, its deflationary, causing that collectively hallucinated value to increase over time. The only case in which Bitcoin could ever fall to zero would be in a 51% attack if the attacker chose to double spend a ton of coins, hyperinflation the currency - but that would never happen, because it would be super expensive, and because its not in the attackers economic interest, so it makes sense to rule out that scenario. This is arguably less likely than nuclear war.
well not all of Lemmy is anticrypto, there’s a few communites and instances here that talk about that sorta thing
I’m sorta pissed at Satoshi for making Bitcoin so deflationary because it incentives people to hold onto their Bitcoin for as long as possible without using it as a currency. Anyway if you’re fine with holding this for a few decades it’ll almost currently go up, and if you wait a few centuries it would probably eclipse the value of any other assets you own.
I agree with some of what you’ve said but not all
Bitcoin has intrinsic value because its simply more practical for society to collectively hallucinate that it’s valuable, because it allows for more trade. And at the same time, its deflationary, causing that collectively hallucinated value to increase over time. The only case in which Bitcoin could ever fall to zero would be in a 51% attack if the attacker chose to double spend a ton of coins, hyperinflation the currency - but that would never happen, because it would be super expensive, and because its not in the attackers economic interest, so it makes sense to rule out that scenario. This is arguably less likely than nuclear war.
I agree with some of what you’ve said but not all
bitcoin has intrinsic value because its simply more practice for society to collectively hallucinate that its valuable, because it allows for more trade. and at the same time, its deflationary, causing that collectively hallucinated value to increase over time. The only case in which Bitcoin could ever fall to zero would be in a 51% attack if the attacker chose to double spend a ton of coins, hyperinflation the currency - but that would never happen, because it would be super expensive, and because its not in the attackers economic interest, so it makes sense to rule out that scenario. its arguably less likely then nuclear war
I think satoshis dead ngl
Id like it if they created it and let saner people moderate it
but noooo, they need to tell the world about how China isnt doing genocides, and how Ukraine is filled with nazis
I blame the .ml mods and all the ultra far left commies they invited here
we as a species can’t afford to waste massive amounts of electricity on something that literally creates no value.
its the fault of the miner if they’re using non-environmental friendly energy sources. if you don’t wanna create emissions, just use solar power.
literally creates no value.
I don’t really see how. if it can be sold for something of value, it has value. crypto might be useless to you, but to some people out there a single Bitcoin is worth more than 80 thousand dollars, so if you have a few Bitcoin, even though to you they might be useless, you can sell them for money
ik, but it would just be more practical to combine the several steps of mining separately, converting the currency, and then paying for the subscription into a single process. Just the option of this would be nice ngl
The client has no idea where its electricity comes from.
If the client cared to find out, they could just find out. Regardless of mining they’re creating emissions if its not green, so its not even that big of a problem. You could use this same argument to say that using microwaves is bad because the electricity they use isn’t entirely green.
We as humans need to switch to carbon-free energy sources
crypto mining doesn’t need to create carbon. if a miner creates emissions, that’s on them for not using solar
I don’t think its a horrible idea but maybe have an option for purchase, ads, or crypto.
that’s what I’m thinking, but additionally having a option to directly ‘sell’ your computing power should also be an option
But yeah people are going to hate you for this comment 🤣
actually though. I haven’t been on Lemmy for too long but this might be the most downvotes ive gotten on a comment
the randomX hash function Monero uses runs on the CPU, not the gpu
it could just use like 1-2 threads if the game is taking a lot of processing power
edit: if ur gonna mass downvote me, say why 🤦
I’ve reread this several times and I still have no idea what you’re trying to say.