https://lobste.rs/s/qsonlf/why_we_can_t_have_nice_software
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Sasanka_of_Gauda
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Nah, you don't see the costs because their business model doesn't involve running 10,000 graphic cards to transfer 25 cents.
Inb4 proof of stake which is completely centralized and debunks all of your other points.
I'm not dumb enough to fall for the r-slurred arguments you fell for.
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10,000 graphics cards vs 100,000 cushy air conditoned useless jobs in the finance industry all over the world. what is more wasteful?
cryptocurrencies don't require some threshold of computing power. They require computing power that is evenly distributed between adversarial parties so no one takes over.
Everyone has a GPU. If you wanted you could mine crypto on it passively while you're not using it (which lowers profitability of miners and frees up more GPUs). The decision to use GPUs in mining is supposed to help you out by making it so anyone can mine with their own hardware.
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You're actually a fricking r-slur. Who falls for this transparently dumb schtick? I've heard it like 10 times so it's clearly some canned argument you picked up somewhere, you'd think it would be more refined.
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There is literally nothing to run at banks in terms of payment processing, they are just rent seekers. It's just a monopoly that extracts tons of money for doing a minimal service that no one can avoid due to network effects, like email hosting or domain registration, or the ios app store, or those shitty $100 TI84 calculators that everyone needs to buy in high school because its the only one they allow in exams.
it costs me $15 to do a bank transfer and takes several days
The financial industry has fallen, billions must burn
stop kvetching over wasted electricity r-slurred butt neighbor like who cares I want to have digital cash.
I want to be able to send money on the internet without having to give every website my credit card number and a billing address or my card getting declined or some other bullshit.
the worst part about this is that when you say this online, tons of boomers will jump to say that banks can refund you in the case of fraud if you have insurance and saying that crypto is dangerous because there are no chargebacks
money should just be secure and work properly by default without all this boomer bullshit, if that causes 0.1% more global warming then idc
sorry ur poor
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None of your wants require a blockchain. Even your made up niche desires don't justify the bloated r-slurred mess that is crypto.
Good job r-slur.
Lmao that's just fricking funny. There's nothing secure about crypto, and certainly nothing secure about an actual existing usable crypto method.
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Why do all of you crypto strags argue like this? Is it in a pamphlet?
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GPT quit flaming me
if you are a real person I will give you some crypto for free so you can see for yourself how it works
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I understand how it works, and i understand why they are all useless. Whether it's requiring a bank on both ends to cash out, requiring an exchange that will rob you, putting all your money in a computer that can be hacked, or a "privacy" currency that users non quantum resistant cryptography and has a record of every transaction in its blockchain.
Don't even get me started on the theoretical methods to control crypto from a gov without even forcing code updates to the miners.
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Not one single person is gonna read all that
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