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> Crypto is meant to be an alternative for the cases where the cost of existing processors make the transaction not viable. Allow me to quote myself: using pro

> Crypto is meant to be an alternative for the cases where the cost of existing processors make the transaction not viable. Allow me to quote myself: using proof of work in place of CC processor fees is just moving the problem around - and arguably, making it worse: you're essentially taking on environmental debt, which all of us will eventually have to pay down.

rglullis 4y ago
Ethereum is moving to PoS in less than two months. Can we please drop this BS excuse of an argument? (Before you reply with the usual "Ethereum devs have been promising PoS for years" line, I will tell you this: I pledge to drop all work on Hub20 if Ethereum doesn't complete the transition by the end of the year.)
- lalopalota 4y ago
  How is this a "BS excuse of an argument"? Is proof of work being used?? Hmmm, yes it is. Thus, the argument stands.
  - rglullis 4y ago
    > Is proof of work being used? Not for all blockchains. If that is the point of contention in regards to crypto, then just look at the many other blockchains that do not use PoW.
  - unity1001 4y ago
    Environmental cost is a BS argument because nobody talks about the environmental cost of the already existing technologies that they are using. Everything we plug into power in our houses comes from the same power sources which the crypto miners also use. They dont come from elsewhere. So there is no difference in between using an electric car and crypto in that regard - you are still using carbon-producing energy. All energy needs to be green. Crypto, EV, gaming, this or that technology or application of technology cannot be targeted specifically.
    - rollcat 4y ago
      > Environmental cost is a BS argument because nobody talks about the environmental cost of the already existing technologies that they are using. Have you been living under a rock for the past several decades? Or is this only a thing in EU? Every single fridge or TV sold has an energy class rating. Apple's new processors are all the rage because of their performance per watt. We use 230v (rather than 110v) AC because it's more efficient over medium-distance power lines. > So there is no difference in between using an electric car and crypto in that regard - you are still using carbon-producing energy. The car uses energy to move mass, it's almost the textbook definition of work in physics. Cryptocurrency is based on proof of waste - you must provide a mathematical proof of pointlessly wasted CPU cycles to conduct transactions. > All energy needs to be green. "All lives matter."
- rollcat 4y ago
  Saved the date.
- aahortwwy 4y ago
  > I pledge to drop all work on Hub20 if Ethereum doesn't complete the transition by the end of the year. Why not two months from now? That's when they'll be done, right?
  - rglullis 4y ago
    > That's when they'll be done, right? If everything goes well and according to plan, yes. But I am not going to make harsh decisions based on best-case scenarios.
- compuguy 4y ago
  And I really really want Ethereum to succeed so other cryptocurrencies move to non PoW systems. Good to hear we are getting close to it rolling out....

rglullis 4y ago

Ethereum is moving to PoS in less than two months. Can we please drop this BS excuse of an argument? (Before you reply with the usual "Ethereum devs have been promising PoS for years" line, I will tell you this: I pledge to drop all work on Hub20 if Ethereum doesn't complete the transition by the end of the year.)

lalopalota 4y ago
How is this a "BS excuse of an argument"? Is proof of work being used?? Hmmm, yes it is. Thus, the argument stands.
- rglullis 4y ago
  > Is proof of work being used? Not for all blockchains. If that is the point of contention in regards to crypto, then just look at the many other blockchains that do not use PoW.
- unity1001 4y ago
  Environmental cost is a BS argument because nobody talks about the environmental cost of the already existing technologies that they are using. Everything we plug into power in our houses comes from the same power sources which the crypto miners also use. They dont come from elsewhere. So there is no difference in between using an electric car and crypto in that regard - you are still using carbon-producing energy. All energy needs to be green. Crypto, EV, gaming, this or that technology or application of technology cannot be targeted specifically.
  - rollcat 4y ago
    > Environmental cost is a BS argument because nobody talks about the environmental cost of the already existing technologies that they are using. Have you been living under a rock for the past several decades? Or is this only a thing in EU? Every single fridge or TV sold has an energy class rating. Apple's new processors are all the rage because of their performance per watt. We use 230v (rather than 110v) AC because it's more efficient over medium-distance power lines. > So there is no difference in between using an electric car and crypto in that regard - you are still using carbon-producing energy. The car uses energy to move mass, it's almost the textbook definition of work in physics. Cryptocurrency is based on proof of waste - you must provide a mathematical proof of pointlessly wasted CPU cycles to conduct transactions. > All energy needs to be green. "All lives matter."
rollcat 4y ago
Saved the date.
aahortwwy 4y ago
> I pledge to drop all work on Hub20 if Ethereum doesn't complete the transition by the end of the year. Why not two months from now? That's when they'll be done, right?
- rglullis 4y ago
  > That's when they'll be done, right? If everything goes well and according to plan, yes. But I am not going to make harsh decisions based on best-case scenarios.
compuguy 4y ago
And I really really want Ethereum to succeed so other cryptocurrencies move to non PoW systems. Good to hear we are getting close to it rolling out....