It was supposed to be a financial revolution. Instead, crypto has become an environmentally disastrous gift to con artists, says academic David A Banks
I have no desire to start any new crypto currency. I’ve worked development in that business for long enough to have completely lost the taste for it.
Most coins are poorly planned and run by con men. It’s no surprise that things are slowing down
I thought this forum is about technology, and not religion.
Just noticed this. Didn’t think exaggeration or metaphor was beyond the scope of people’s comprehension?
If we are talking about most coins, then its definitely true that they are poorly run. But surely you can agree that there are at least a handful of technologically interesting crypto projects. For example Sia
And what exactly do you consider as “sinful impact”? Everything that you personally consider “bad” for some reason?
See above. The comparison was to what the crypto boom has done to GPU prices.
Sia seems mildly interesting, but I don’t see what purpose it fulfills that self hosting does not. It introduces several complications to what should be a fairly straightforward process, and keeping your files on the Sia blockchain would really limit what you are able to do with them without introducing even more complicated steps. Like if you wanted a hosting solution that could act as a database, or a simple webserver.
It seems like just another way to get people to buy into a specific crypto currency.
Get rid of the crypto currencies, and use the blockchain for more reasonable things. At least in Canada, there would be merit in having every hospital acting as a node on their own private blockchain so they could share patient information. Make sure that if someone is hospitalized outside of their usual location, they aren’t given something that they’re allergic to.
Blockchains are largely just privatized, highly redundant networks for data exchange and tracking. I think what people outside of investors seem to be truly drawn to is that idea of privacy and data ownership.
Fediverse and self-hosting align closer to these ideals
I have no desire to start any new crypto currency. I’ve worked development in that business for long enough to have completely lost the taste for it. Most coins are poorly planned and run by con men. It’s no surprise that things are slowing down
Just noticed this. Didn’t think exaggeration or metaphor was beyond the scope of people’s comprehension?
If we are talking about most coins, then its definitely true that they are poorly run. But surely you can agree that there are at least a handful of technologically interesting crypto projects. For example Sia
And what exactly do you consider as “sinful impact”? Everything that you personally consider “bad” for some reason?
See above. The comparison was to what the crypto boom has done to GPU prices.
Sia seems mildly interesting, but I don’t see what purpose it fulfills that self hosting does not. It introduces several complications to what should be a fairly straightforward process, and keeping your files on the Sia blockchain would really limit what you are able to do with them without introducing even more complicated steps. Like if you wanted a hosting solution that could act as a database, or a simple webserver. It seems like just another way to get people to buy into a specific crypto currency.
Get rid of the crypto currencies, and use the blockchain for more reasonable things. At least in Canada, there would be merit in having every hospital acting as a node on their own private blockchain so they could share patient information. Make sure that if someone is hospitalized outside of their usual location, they aren’t given something that they’re allergic to. Blockchains are largely just privatized, highly redundant networks for data exchange and tracking. I think what people outside of investors seem to be truly drawn to is that idea of privacy and data ownership. Fediverse and self-hosting align closer to these ideals