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No disagreement from me. He seems to think it could be viable. I've seen a few high profile cryptographers get into the crypto space recently. I can't really
by MattPalmer1086 4y ago
No disagreement from me. He seems to think it could be viable.
I've seen a few high profile cryptographers get into the crypto space recently. I can't really blame them, it's exciting to see new cryptography put into practice. Who knows, maybe they will solve it all, but I doubt it personally.
- tptacek 4y agoI'm not disputing the claims the article makes, I'm just saying: it's not an especially persuasive reason to support cryptocurrency; if the problem is simply "bring transaction costs down for the working poor", there are much simpler ways to do that. Meanwhile: the cryptocurrencies we have today are causing ongoing harm.
- randomhodler84 4y agoWhat harm?
- samhw 4y agoHarms like: the aforementioned energy usage equivalent to Eastern Europe, scams wiping out billions on the regular (e.g. the absurd Luna pyramid scheme which collapsed the other week), facilitating vast drug dealing and consumption at huge detriment to poor countries and many users, etc.
- randomhodler84 4y agonone of those are harm, you just want to control others. Esp drugs, I will not stand by and let you attack the good name of drugs.
- samhw 4y agoI was addicted to heroin, I’m intimately acquainted with the harms of drugs. Whether I or anyone else wants to control others is entirely separate from the question of whether it does harm. And, incidentally, however inarticulably agonising is heroin withdrawal, I suffered far less than those at - or near - the other end of the production chain. Don’t give me this shit about how drug production harms no one just because you like taking them. Tell it to the Colombian fishermen who get a bullet in the head after unwittingly ferrying a package. Tell it to the people strung up off bridges. Tell it to the countless dead. (I don’t think drugs should be banned or controlled, for what it’s worth. I believe in pragmatic policies of harm reduction. I’m just not going to deny reality, and the harms this system causes.)
- kingaillas 4y agoDon't forget the preferred payment system for ransomware, among cryptocurrencies many technological achievements.
- randomhodler84 4y agoSometimes incentives can be negative. Let your fear of ransomware guide your backup strategy. In the face of an adversarial condition, one should build contingencies as opposed to arguing that the technology is wrong.
- danans 4y agoBy using as much energy as Argentina.