by Risottia » Thu May 13, 2021 2:08 am
by Vassenor » Thu May 13, 2021 2:11 am
by An Alan Smithee Nation » Thu May 13, 2021 2:15 am
by Tinhampton » Thu May 13, 2021 2:16 am
by Resilient Acceleration » Thu May 13, 2021 2:20 am
2033.12.21
TLDR News | Exclusive: GLOBAL DRONE CRISIS! "Hyper-advanced" Chinese military AI design leaked online by unknown groups, Pres. Yang issues warning of "major outbreak of 3D-printed drone swarm terrorist attacks to US civilians and assets" | Secretary Pasca to expand surveillance on all financial activities through pattern recognition AI to curb the supply chain of QAnon and other domestic terror grassroots
by Vassenor » Thu May 13, 2021 2:21 am
Resilient Acceleration wrote:Warranted. After all, BTC mining consumes more energy than the entire Argentina, which is still ludicrous even though admittedly 75% of its energy source comes from renewables. For the supposed future of the global exchange system, the fact that its value can be influenced by the whim of one billionaire smells like a bad deal for me. (Then again, British Pound 1992 comes to mind...)
by New haven america » Thu May 13, 2021 2:21 am
Nakena wrote:Musk got some new game running.
by Resilient Acceleration » Thu May 13, 2021 2:23 am
Political Geography wrote:Vassenor wrote:Almost like cryptocurrency is an inherently stupid idea.
I'm still not decided on that. Each unit of currency being unique seems like a good feature. Kind of pointless if one unit gets huge compared to other currency.
Requiring huge amounts of computer time to discover/create more of it, is a really terrible idea, and Bitcoin should have seen this problem (of increasing computer time as undiscovered units get rarer) before they even launched. If that was a physical product, I'm pretty sure they'd be liable for some sort of Ponzi scheme charge. Degrees of design obsolescence.
Problem is, how to ban Bitcoin (and probably some others) without banning all virtual currencies? Maybe just carbon-tax new bitcoins?
2033.12.21
TLDR News | Exclusive: GLOBAL DRONE CRISIS! "Hyper-advanced" Chinese military AI design leaked online by unknown groups, Pres. Yang issues warning of "major outbreak of 3D-printed drone swarm terrorist attacks to US civilians and assets" | Secretary Pasca to expand surveillance on all financial activities through pattern recognition AI to curb the supply chain of QAnon and other domestic terror grassroots
by An Alan Smithee Nation » Thu May 13, 2021 2:24 am
Political Geography wrote:Vassenor wrote:Almost like cryptocurrency is an inherently stupid idea.
I'm still not decided on that. Each unit of currency being unique seems like a good feature. Kind of pointless if one unit gets huge compared to other currency.
Requiring huge amounts of computer time to discover/create more of it, is a really terrible idea, and Bitcoin should have seen this problem (of increasing computer time as undiscovered units get rarer) before they even launched. If that was a physical product, I'm pretty sure they'd be liable for some sort of Ponzi scheme charge. Degrees of design obsolescence.
Problem is, how to ban Bitcoin (and probably some others) without banning all virtual currencies? Maybe just carbon-tax new bitcoins?
by Necroghastia » Thu May 13, 2021 2:37 am
by Vassenor » Thu May 13, 2021 2:40 am
Necroghastia wrote:Even a stopped clock etc. etc.
by Necroghastia » Thu May 13, 2021 2:43 am
by Risottia » Thu May 13, 2021 2:52 am
An Alan Smithee Nation wrote:Sounds like market manipulation to me.
by Juristonia » Thu May 13, 2021 3:11 am
Tinhampton wrote:Why now? The environmental effects of cryptocurrency mining have been known for some time now.
Liriena wrote:Say what you will about fascists: they are remarkably consistent even after several decades of failing spectacularly elsewhere.
Ifreann wrote:Indeed, as far as I can recall only one poster has ever supported legalising bestiality, and he was fucking his cat and isn't welcome here any more, in no small part, I imagine, because he kept going on about how he was fucking his cat.
Cannot think of a name wrote:Anyway, I'm from gold country, we grow up knowing that when people jump up and down shouting "GOLD GOLD GOLD" the gold is gone and the only money to be made is in selling shovels.
And it seems to me that cryptocurrency and NFTs and such suddenly have a whooooole lot of shovel salespeople.
by Ethel mermania » Thu May 13, 2021 4:21 am
An Alan Smithee Nation wrote:Sounds like market manipulation to me.
by Forsher » Thu May 13, 2021 5:01 am
by New Jacobland » Thu May 13, 2021 5:05 am
An Alan Smithee Nation wrote:Sounds like market manipulation to me.
by Ifreann » Thu May 13, 2021 5:34 am
Tinhampton wrote:Why now? The environmental effects of cryptocurrency mining have been known for some time now.
Forsher wrote:I don't like Elon Musk much at all, but there's nothing inherently wrong or even odd here. It took literally years for the "cryptocurrency discourse" to start incorporating the idea "actually, it's bad for the environment". In fact, I'm not even sure when the first one I read was... it could actually have been stimulated by the fact Tesla was getting involved with bitcoin. I mean, this article is post-Tesla and exists because of Tesla but I don't know if it's where I learnt about the argument or not. If it is, I read it on a different device.
Look, you'd expect that Elon Musk would look into things a bit more but I don't really see the point in getting hung up on it... if you were looking at Bitcoin as a financial thing, you likely wouldn't notice any asides about electricity use. Also, given that Tesla is in the electric car market, you'd think Musk would be primed to think "electricity... that's on brand!".
The point is... Musk/Tesla could very well just be responding in real time. I don't think calling it trolling is on point at all.
by Dumb Ideologies » Thu May 13, 2021 6:03 am
by Ifreann » Thu May 13, 2021 6:27 am
Esternial wrote:New Jacobland wrote:Musk owns the crypto market. He says something good about Bitcoin, it skyrockets. He says something bad, it plummets. Same thing with Dogecoin, though even worse, woth fluctuations around 30%.
Maybe people should stop getting their crypto advice from a meme'ing billionaire and the market wouldn't be so sensitive to his whims.
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