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More fud from the establishment financial priesthood. They're pushing so hard lately its making me want to convert everything to crypto.
by robbedpeter 5y ago
More fud from the establishment financial priesthood. They're pushing so hard lately its making me want to convert everything to crypto.
- Ma8ee 5y agoIs there anything specific in the article that isn't true?
- Tenoke 5y ago>Other bitcoin alternatives have been less successful at limiting their environmental footprint. Chia, a cryptocurrency that is built on a “proof of time and space” algorithm, has been accused of leading to shortages in hard drives and SSDs, a type of storage medium popular in fast computers. “Instead of just wasting electricity, Chia chews through SSDs at a fantastic rate and also has thoroughly wrecked the market for big HDs,” said David Gerard, a cryptocurrency expert. This part is at least disingenuous. The real movement away from PoW is in PoS coins but all they say is that it 'ha[s] been less successful' citing the worst that has come out and from a small project at that, and mentioning ETH's slow move to it as if there aren't other projects already using it.
- HelixEndeavor 5y agoI'm sorry but my brain will only let me read that as "Piece of Shit coins"
- rndhouse 5y agoIt's completely disingenuous to discuss this topic without taking into account the lightning network.
- ASalazarMX 5y ago> They're pushing so hard lately its making me want to convert everything to crypto These days climate change and pollution is in everyone's minds. Can't blame us for lashing out at wasteful practices. I think cryptocurrencies get more hate here that electron apps here, and that's saying something.