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Joined 1 year ago
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Cake day: July 21st, 2023

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  • You’re partially correct with some of these points.

    Theatge amount of energy you mention is really only relevant to proof of work. You’ve mentioned proof of stake etc - so you should know that. The energy requirements for “proof” techniques such as PoS is negligible

    Reversing transactions are ‘hard’/infesable - and so in a way they do help scammers - but I think it’s a false equivalence. It helps everyone. In my mind it’s like says “encryption helps terrorists”, that may be true, but it helps us all.

    Regarding on chain transaction transparency, there are some chains that are like this (bitcoin), and there are some chains that are not (monero). There’s also ways to anonymise transactions through mixers etc if you do care about that. Although, I don’t know of anyone that gets their salary into their crypto wallet.

    Overall, regulation is slow! But it’s getting there. I don’t think crpyto will solve all of.humans problems, but I might just help with some. It’s going to be interesting seeing how it all plays out - people thought it was going to be here and gone in a year, but it’s been over a decade now.


  • And if someone can’t afford a car, and they live within a car-centric area of the world, and they can’t afford to move?

    Maybe they make a gamble and buy a car with the hope it will be an investment, and provide them with more income…

    But when interest rates have been at near zero for over a decade, and now they have shot up - it could upset quite a lot of finances!



  • Oh no, it gets better…

    Imagine a hard day’s work, 16 hours of slogging while you’re awake

    You get home, eat something and then head to bed. You put on your headband and select some setting on your phone and then drift off to sleep.

    Now you are working your third job, while you sleep. Solving captchas. A/b testing app logo designs. Completing surveys on products you’ve bought while you’re awake.

    Stuff that AI will never be able to do because the value is from being human. And yet is simple enough to do in your sleep.

    You wake up with a few less cents in your overdraft and you’re ready to start a brand new day…