4 ms·

Illegal is the appropriate word when you're looking at something that's draining resources (electrical and human) in every major country and providing nothing o

Illegal is the appropriate word when you're looking at something that's draining resources (electrical and human) in every major country and providing nothing of value in return. (I've made some nice money from crypto speculating, but that's not making the world better, that's just taking advantage of bigger fools.) Proof of work systems, which by design compete on wasting resources, need to internationally outlawed. If people want cryptocurrencies to keep going, they can get a move on finally fucking migrating to these alternatives systems they tell us are just around the corner. If none of the major networks are able to do so, they shouldn't exist.

shkkmo 6y ago
I think outlawing math is a very bad idea. If there is a regulatory route towards reducing / eliminating crypto, I would hope that involves restrictions on the fiat / crypto interchange, not restrictions on what kind of math you can do with a computer.
- prox 6y ago
  We have rules against speculation because it highly skews towards people already with the necessary resources. 2008 is already a distant memory for some. Math will never be outlawed, but as it stands now it is just too speculative. I don’t have an answer, but as it stands [cryptocurrency / NFT] we need to have a lively debate on what we want it to be.
  - shkkmo 6y ago
    > We have rules against speculation. This is so broad I am not sure which laws you reference. Most of the laws I am aware of talk about how bmuch money you must have to be allowed to speculate. > Math will never be outlawed, I wish I shared you certainty. We currently have laws about exporting some types of Math (cryptography) and we have lots politicians interested in placing further restrictions on cryptography.
    - prox 6y ago
      Countries around the world implemented laws : Dodd-Frank in the US. Banks have tighter rules against speculative activities in general around the world after 2008. It was a mortgage crisis foremost, with lots of speculation. Crypto is kind of the same : you invest and hope to gain a return. It stands to reason you want to curb the damage it can do if (and when) it bombs. Laws in general should not be unnecessary broad, most countries have that general rule, and while there is certainly another debate to had on privacy and backdoors, it is a different debate. So when a law comes against Crypto, it should be very specific to curb its problems.
- TomSwirly 6y ago
  > I think outlawing math is a very bad idea. Not as bad as completely misrepresenting real world problems, it isn't! :-D
- anoncake 6y ago
  We have already "outlawed" physics, chemistry and biology (various crimes involve these) and even communication (fraud and slander). Might as well "outlaw math" as well.

shkkmo 6y ago

I think outlawing math is a very bad idea. If there is a regulatory route towards reducing / eliminating crypto, I would hope that involves restrictions on the fiat / crypto interchange, not restrictions on what kind of math you can do with a computer.

prox 6y ago
We have rules against speculation because it highly skews towards people already with the necessary resources. 2008 is already a distant memory for some. Math will never be outlawed, but as it stands now it is just too speculative. I don’t have an answer, but as it stands [cryptocurrency / NFT] we need to have a lively debate on what we want it to be.
- shkkmo 6y ago
  > We have rules against speculation. This is so broad I am not sure which laws you reference. Most of the laws I am aware of talk about how bmuch money you must have to be allowed to speculate. > Math will never be outlawed, I wish I shared you certainty. We currently have laws about exporting some types of Math (cryptography) and we have lots politicians interested in placing further restrictions on cryptography.
  - prox 6y ago
    Countries around the world implemented laws : Dodd-Frank in the US. Banks have tighter rules against speculative activities in general around the world after 2008. It was a mortgage crisis foremost, with lots of speculation. Crypto is kind of the same : you invest and hope to gain a return. It stands to reason you want to curb the damage it can do if (and when) it bombs. Laws in general should not be unnecessary broad, most countries have that general rule, and while there is certainly another debate to had on privacy and backdoors, it is a different debate. So when a law comes against Crypto, it should be very specific to curb its problems.
TomSwirly 6y ago
> I think outlawing math is a very bad idea. Not as bad as completely misrepresenting real world problems, it isn't! :-D
anoncake 6y ago
We have already "outlawed" physics, chemistry and biology (various crimes involve these) and even communication (fraud and slander). Might as well "outlaw math" as well.