Every time I hear about crypto, I think back to the moment India canceled their currency and started over.
I get the feeling another collapse is coming and that shit is going to be imposed upon us.
I see another bailout for the rich and there is nothing we can do to protect ourselves.
Of course Trump will be fully behind crypto. What else is there that not only quietly destroys the US environment and accelerates climate change while benefiting him (and Putin)?
He already is. He’s transactional and banana duct tape auction winner recently donated to Trump. Another billionaire wanting a piece of the Plutocracy pie.
1. Bitcoin is no less a scam than other large networks like Ethereum
2. Bitcoin and other POW protocols are specifically doing CPU junk work which wastes energy and is needlessly complicated. All it achieves is forcing people to have money in order to exert influence.
I very carefully said “no less a scam” because I wasn’t trying to say they were inherently a scam.
I’m aware of how POW works. I’m a software engineer and have taken courses on cryptography and blockchains. POW simply abstracts the financial investment to hardware and electricity. It’s still $$$
Comments
https://www.currentaffairs.org/news/2022/05/why-this-computer-scientist-says-all-cryptocurrency-should-die-in-a-fire
I get the feeling another collapse is coming and that shit is going to be imposed upon us.
I see another bailout for the rich and there is nothing we can do to protect ourselves.
https://bsky.app/profile/3freaks.net/post/3lcqkhn5il22m
Of course Trump will be fully behind crypto. What else is there that not only quietly destroys the US environment and accelerates climate change while benefiting him (and Putin)?
Finally the social environment, just having to listen to all this crypto bullshit!
Bitcoin is just a computer program that gets mined by computers. Nothing is stopping those computers from being powered via green energy.
Sounds more like an energy grid issue than a bitcoin issue.
2. Bitcoin and other POW protocols are specifically doing CPU junk work which wastes energy and is needlessly complicated. All it achieves is forcing people to have money in order to exert influence.
Proof of Work is needed to protect the network and prevent creating value out of thin air. POW converts electrical energy into bitcoin.
I’m aware of how POW works. I’m a software engineer and have taken courses on cryptography and blockchains. POW simply abstracts the financial investment to hardware and electricity. It’s still $$$
https://www.southernenvironment.org/news/elon-musks-xai-facility-is-polluting-south-memphis/
think of all the ener