4 ms·

Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Other blockchains who can be just as decentralized and censorship-resistant exist. (In the sp

Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Other blockchains who can be just as decentralized and censorship-resistant exist. (In the spirit of DRY, I think it is time we collectively write all an adversarial collaboration about crypto on some wiki page. Then I can at least just respond with a link to the rebuttal of the same tired and lazy arguments that crypto-skeptics make)

throwaway405769 5y ago
This is wrong, all PoS cryptocurrencies are extremely centralized. Try running a validator on Avalanche, see how it goes.
- rglullis 5y ago
  The merge is all but inevitable now, and it seems that there are quite a good number of validators for the Beacon chain: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...
monopoledance 5y ago
> Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Sure. Theoretically. Are you suggesting "crypto" isn't almost entirely proof-of-work - de facto? You think those invested care for proof-of-stake? Lol. > same tired and lazy arguments that crypto-skeptics make HyDrOpOweR!1! (Deprecated in 2021) But hey, I am all for the wiki. Actually, I wonder why that hasn't happened yet... Anyway, I don't want to make the impression all innovation in crypto fanfiction in the last decade has been lost on me! For example, I do recognize, that Bitcoin isn't promoted as currency anymore - because it utterly sucks for transactions. It's "like Gold!" now, or something. Very progressive.
- rglullis 5y ago
  > You think those invested care for proof-of-stake? Enough to stake more than 8 Million ETH (about ~35 Billion dollars) [0] > because it utterly sucks for transactions. Again taking Bitcoin as a whole of crypto? Yes, Bitcoin has failed as a currency. Yes, the "digital gold" narrative is bogus. Yes, there will be a lot of Bitcoin maxis who will have to deal with the terrible realization that their "sound money" is worthless. Can we move on now? [0]: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...

throwaway405769 5y ago

This is wrong, all PoS cryptocurrencies are extremely centralized. Try running a validator on Avalanche, see how it goes.

rglullis 5y ago
The merge is all but inevitable now, and it seems that there are quite a good number of validators for the Beacon chain: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...

monopoledance 5y ago

> Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Sure. Theoretically. Are you suggesting "crypto" isn't almost entirely proof-of-work - de facto? You think those invested care for proof-of-stake? Lol. > same tired and lazy arguments that crypto-skeptics make HyDrOpOweR!1! (Deprecated in 2021) But hey, I am all for the wiki. Actually, I wonder why that hasn't happened yet... Anyway, I don't want to make the impression all innovation in crypto fanfiction in the last decade has been lost on me! For example, I do recognize, that Bitcoin isn't promoted as currency anymore - because it utterly sucks for transactions. It's "like Gold!" now, or something. Very progressive.

rglullis 5y ago
> You think those invested care for proof-of-stake? Enough to stake more than 8 Million ETH (about ~35 Billion dollars) [0] > because it utterly sucks for transactions. Again taking Bitcoin as a whole of crypto? Yes, Bitcoin has failed as a currency. Yes, the "digital gold" narrative is bogus. Yes, there will be a lot of Bitcoin maxis who will have to deal with the terrible realization that their "sound money" is worthless. Can we move on now? [0]: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...