I don’t want some central authority orbiting over my finances capable of reversing something because of “error”. The ability to reverse a transaction means complete surveillance, control, and submission to an authority figure. No thanks.
I would rather be in a society that doesn’t make such foolish errors to begin with, and takes responsibility when they make a mistake. Measure twice, cut once.
Crypto solves it by providing an auditable public ledger following mathematical rules agreed upon by all parties utilizing it. It has a predictable and transparent minting process and transactions are uncensored. Transfers are predictable and rapid. You can see exactly what’s happening when you transfer. It doesn’t stamp generated ids on people, instead the people report their identity to the network.
It doesn’t care how people acquire, so yes, people can use fake centralized money to buy real money if there are sellers willing to do that.
There are many more benefits, but the point is, yes, it solves an enormous number of serious problems, many of which you definitely haven’t considered.
This is a delusional take. What are you talking about? Have you looked at Bitcoin lately? It is over $100k…
Tell me about “craters again” please?
Cryptocurrencies are about the only tech right now that gives the common people a fighting chance. Never in history has there been a real competitor to bankers and their monopoly on value.
I hope more people invest their life savings. If they can hold for 5 years, they will be wealthy.
I shit just fine in CO with holes. Year after year I even watched some of my shit spots grow beautiful flowers.
You don’t own Colorado and it was there long before you. It will be there long after you. Remote forests handle our shit just fine. Dig deep enough and away from the trail or water, near some plants, and they will gobble it up no problem. The number of human hikers in remote places is minuscule.
A bit wild to demand people shit in synthetic plastic bags they have to purchase and dump them in a landfill. “Leave no trace – except the giant plastic waste sites scarring the landscape everywhere”
Now if you’re talking park trails and other heavily populated places? That’s different. It also isn’t “Colorado” it is a specific sub-specification.
Why would I want to play at max settings? That adds very little to the gameplay for me.
I can play any game tweaking settings, and I can render at 720p + upscale if a game is demanding. This makes nearly any game enjoyable.
High settings are irrelevant, but if you want high settings, any AMD card from the past 2 years will more than deliver max performance for anything you throw at it.
For a handheld, portable device that costs under $500, I am okay reducing graphics quality for portability and gameplay.
This is nonsense and, frankly, sounds like guerrilla marketing for nvidia.
All things considered, I can play any game I want on the steam deck, which has an old SoC by today’s standards. A newer AMD gpu can run anything at max settings on a linux machine.
So again, either you are grossly misinformed or working for nvidia to sew gentle doubt. Either way, stop it.
This will be my last reply to you because I already explained this very basic idea, so you are either an antagonist, trolling, or need to do some self-learning. I would recommend reading what I said again.
An alien can come to Earth and use its UFO compute to mine bitcoin if it wanted.
Someone in their garage could come up with a vastly superior way to compute hashes and mine bitcoin.
Large mining farms could be banned and made illegal and smaller operations can instantly become profitable again.
The list goes on, and on, and on, and on…
No.
You can study the universe and come up with a way to do PoW more efficiently. PoW requires knowledge to enter. With more knowledge and mastery, you are rewarded more.
The specialist equipment can be built by anyone at any time. Any country, any place. If your country blocks it? You can use specialist knowledge to circumvent them. You can also still use a computer to mine, though you will never mine a block now days, there is still a chance.
All of this is a very, very important feature that almost everyone overlooks now days. It is essential that it be this way. Anyone should be able to enter the network assuming they have the knowledge to do so.
Yes, they do.
In order to acquire the token, where does it come from in PoS?
You want to mint the token? It requires the token.
You want to buy the token? It requires someone that already has the token to sell it.
You want to trade the token? You need to find someone that has the token and wishes to perform that trade.
It requires acquiring a counterparty that consents to you acquiring a stake no matter how “mature” a PoS chain is.
Proof of Stake = I have a stake in preserving this network, and I am rewarded by receiving an increased stake in the network.
You cannot organically enter a PoS network without having a stake in it. That requires acquiring the network’s token somehow. That means you must use a different token to purchase it, do work for someone who will pay you in it, or otherwise perform an operation organized by people in order to acquire the token to have a stake.
That’s what I mean by human consent.
Yup.
Look, they’re arguing against math. Not much you can say to someone at that point. The knowledge is free for everyone to see now. Even someone with basic curiosity about the universe can access it.
You can barely have a conversation with people that far gone. Bitcoin will be worth $10,000,000 of their worthless dollars and used for commerce between Earth and Mars, and they’d still be arguing against it. It could lead to the construction of a dyson sphere around an artificial sun, powered completely by fusion energy, and they’d still criticize the energy usage while talking to an energy-guzzling AI about their relationship issues.
They’re gone my friend.
Don’t engage with these ignorant assholes man, they are all in banking’s pocket. We are at war, you know that right? Who the hell would be this passionate about protecting a slimy, evil ass legacy network without any audibility, responsible for countless wars, death, usurping of democratic governments, literally the death of this planet via global warming…
Traditional banking supports and incentives genocide.
It supports and incentivizes oil.
It shut down nuclear power.
It limits renewable power.
It is the engine of our destruction.
Do not justify yourself to it. You are the correct one. Anyone who cannot see this will never see it now. Leave them on their path to die. They will go down with the ship. I feel for them, but it is too late now.
BULLSHIT.
You aren’t computing the cost in blood, censorship, wasted time, the lives employed by these evil orgs wasting their lives scamming people, the loss of revenue from value-producing business, the waste of banking cards, and the COUNTLESS other energy-guzzling mechanisms involved.
Bitcoin eliminates ALL these problems. It is by far more efficient, it isn’t even close. Also, it isn’t a payment system like visa, what an ignorant ass comparison. It is literally a sovereign currency with publicly auditable minting & ledgers. It replaces MONEY. Payment processors are built on top of it.
Yea, even the shit visa and mastercard can switch to payment processing on top of Bitcoin. It would actually be beneficial. When they decline a transaction you just directly use the network instead.
Btw PoS is also bullshit, in a completely different and inferior class of crypto. It requires HUMAN CONSENT to enter the network. PoW requires COMPUTATIONAL CONSENT. PoW lets anyone into the network if they can follow the rules of minting. This is HUGE when talking about a freedom-preserving system.
Put more simply, PoS systems are aristocracy owning an apple orchard (you ask an authority if they are allowed to take an apple), PoW is like an apple orchard deep in the woods that anyone can take from (you just have to walk there). Understand the difference?
One OWNS THE ORCHARD. They will protect it from people they deem unauthorized. They demand people go through them for permission. It is no different than what we have now, abstracted further and digitized.
I never said we shouldn’t make any errors. That’s ridiculous. I said we shouldn’t make such foolish errors.
For example, we shouldn’t dump radioactive material into water. See? It’s a foolish error you can’t reverse. Are you getting it yet?
Here is another. We shouldn’t dumb radioactive smog from burning coal into the air. Can’t reverse that, either. Oops…we are already doing that? Oopsie, maybe some higher authority will come reverse it for us?
There are countless high-stakes operations that cannot be reversed for good reasons. I believe that money transfers is one of those things, because the alternative is batshit crazy authoritarian surveillance and control.
Anyway, you’re blocked, I don’t have much energy to spare for people lacking basic rational thought. I reserve that energy for feeding birds, petting dogs, water plants, and other such things. They say less, but make so much more sense than you, and have a better vibe. Enjoy your day!