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Not all crypto is money. ETH for example (which will soon be proof of stake... and more energy efficient) could be considered more accurately as a really large

by swalsh 5y ago

Not all crypto is money. ETH for example (which will soon be proof of stake... and more energy efficient) could be considered more accurately as a really large (but relatively slow) computer that never turns off. This plus infrastructure like ipfs enables a brand new internet. Completely decentralized and free of the strangle hold of large tech companies. To me, money and profit is less important than freedom. Web 3.0 to me is a chance to build a better future. (For the record, I have no investments in btc, eth, or any proof of work chains. I am invested in AVAX, which has a more energy efficient consensus protocol)

onedognight 5y ago
> ETH for example (which will soon be proof of stake... and more energy efficient) could be considered more accurately as a really large (but relatively slow) computer that never turns off. Run by babies who will manually change the output of the computer when it calculates something they don’t like.
- 3r8Oltr0ziouVDM 5y ago
  Not possible unless majority of the nodes accepts the change.
TomSwirly 5y ago
It's funny and sad that when people talk about their "freedom" in 2021, it's almost always some sort of madness: freedom not to get vaccinated; freedom not to wear a mask; freedom to use cryptocurrencies.
- oytis 5y ago
  Isn't freedom always a freedom to do something the majority won't like and/or find absurd. Most of it is really absurd, but some things pave way for the future, and it justifies tolerating the rest of it. I personally don't believe in cryptocurrency and blockchain in general, but also I must say if I believed in it 10 years ago I would be financially much better off :)
- swalsh 5y ago
  I'm vaccinated, I wear an N95 mask when I go out. I try to be reasonable. But this comment is exactly why I think crypto is important. There are too many people now questioning the basic tenets of our liberal democracy. When I watched the president of the United States get thrown out of of the most popular forums to discuss politics at the same time, and then destroy the only place people with a different opinion could go to talk, it became clear to me that these companies have too much power.
  - deleted 5y ago
    [deleted]
DonHopkins 5y ago
Don't you realize that HBO made a whole TV show series that made fun of people who say stuff like that? Erlich Bachman Vs Psilocybin. (Making The World a Better Place.): https://www.youtube.com/watch?v=4tLvzyb3_Uc https://www.youtube.com/watch?v=4tLvzyb3_Uc Silicon Valley: Making the World a Better Place | SXSW Convergence 2016: https://www.youtube.com/watch?v=eE9Dvd_NEBg https://www.youtube.com/watch?v=eE9Dvd_NEBg OH GOD this is hilarious! Zach Woods is so perfectly in character that I'm afraid he may actually be as deeply disturbed as the character he plays on the show. His impression of the Little Lord Fauntleroy of the Grindr empire was perfect! The setup starts at 3:40. https://en.wikipedia.org/wiki/Zach_Woods https://en.wikipedia.org/wiki/Zach_Woods I won't transcribe his NFSW joke, but later there's some excellent clean discussion too (starting at 13:18): Steven Leckart (Moderator, Writer and Filmmaker)> You guys need to understand, these guys get pitched all the time by Silicon Valley. Like, we were in the back room, and there were guys from a -- can I say who it is? Should I say who it is? (Off Camera)> Naaaaaw! Leckart> But like this tech company that we've all read about in the news is coming up and like handing business cards, and cornering them, and telling them all about their, like, business strategies. And there is no hint -- it's like a deer in the headlights, right, like? Like you are just going to take this conversation and find a way to weave it into the show. And I sort of wondered, like, does Silicon Valley, are they just completely out to lunch about what you're doing? Like, why does anyone talk to you about this stuff? Martin Star (Bertram Glfoyle)> They want to be a part of the show.

by swalsh 5y ago

onedognight 5y ago

> ETH for example (which will soon be proof of stake... and more energy efficient) could be considered more accurately as a really large (but relatively slow) computer that never turns off. Run by babies who will manually change the output of the computer when it calculates something they don’t like.

3r8Oltr0ziouVDM 5y ago
Not possible unless majority of the nodes accepts the change.

TomSwirly 5y ago

It's funny and sad that when people talk about their "freedom" in 2021, it's almost always some sort of madness: freedom not to get vaccinated; freedom not to wear a mask; freedom to use cryptocurrencies.

oytis 5y ago
Isn't freedom always a freedom to do something the majority won't like and/or find absurd. Most of it is really absurd, but some things pave way for the future, and it justifies tolerating the rest of it. I personally don't believe in cryptocurrency and blockchain in general, but also I must say if I believed in it 10 years ago I would be financially much better off :)
swalsh 5y ago
I'm vaccinated, I wear an N95 mask when I go out. I try to be reasonable. But this comment is exactly why I think crypto is important. There are too many people now questioning the basic tenets of our liberal democracy. When I watched the president of the United States get thrown out of of the most popular forums to discuss politics at the same time, and then destroy the only place people with a different opinion could go to talk, it became clear to me that these companies have too much power.
- deleted 5y ago
  [deleted]

DonHopkins 5y ago

Don't you realize that HBO made a whole TV show series that made fun of people who say stuff like that? Erlich Bachman Vs Psilocybin. (Making The World a Better Place.): https://www.youtube.com/watch?v=4tLvzyb3_Uc https://www.youtube.com/watch?v=4tLvzyb3_Uc Silicon Valley: Making the World a Better Place | SXSW Convergence 2016: https://www.youtube.com/watch?v=eE9Dvd_NEBg https://www.youtube.com/watch?v=eE9Dvd_NEBg OH GOD this is hilarious! Zach Woods is so perfectly in character that I'm afraid he may actually be as deeply disturbed as the character he plays on the show. His impression of the Little Lord Fauntleroy of the Grindr empire was perfect! The setup starts at 3:40. https://en.wikipedia.org/wiki/Zach_Woods https://en.wikipedia.org/wiki/Zach_Woods I won't transcribe his NFSW joke, but later there's some excellent clean discussion too (starting at 13:18): Steven Leckart (Moderator, Writer and Filmmaker)> You guys need to understand, these guys get pitched all the time by Silicon Valley. Like, we were in the back room, and there were guys from a -- can I say who it is? Should I say who it is? (Off Camera)> Naaaaaw! Leckart> But like this tech company that we've all read about in the news is coming up and like handing business cards, and cornering them, and telling them all about their, like, business strategies. And there is no hint -- it's like a deer in the headlights, right, like? Like you are just going to take this conversation and find a way to weave it into the show. And I sort of wondered, like, does Silicon Valley, are they just completely out to lunch about what you're doing? Like, why does anyone talk to you about this stuff? Martin Star (Bertram Glfoyle)> They want to be a part of the show.