https://lobste.rs/s/qsonlf/why_we_can_t_have_nice_software
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Sasanka_of_Gauda
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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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cash out what? crypto is money. just spend it on goods and services. the idea is to have a circular economy.
you can just trade crypto with a friend for cash or use bisq or something. but yeah dont keep tons of cash on an exchange, it's not a bank. neither is paypal, they will literally just take your money and close your account after a certain amount of time.
the risk depends on how much crypto you have. You can have a wallet with like $100 bucks on your desktop, and then you can have like 10 grand worth of crypto on an offline computer or hardware wallet. you can also use multisig so you can have a wallet where you can only move funds if your friends/family also sign the transaction.
Also it's liek GPG or SSH where you have to put in a password so even if someone steals your hard drive or puts malware on your computer to read your files that's not enough.
If you do any sort of important job, losing a couple thousand worth of crypto is not as dangerous as getting your computer hacked and your info stolen. In the conventional banking system if someone gets you have to deal with identity theft for the rest of your life
eh I guess? Bitcoin doesn't claim to be private. the "crypto" in cryptocurrency refers to asymmetric cryptography like digital signatures and such. it's all about making publicly verifiable proofs, not encrypting stuff privately. breaking bitcoin's crypto doesn't mean revealing transactions, it means being able to forge a signature and making a transaction on someone else's behalf. Pretty sure bitcoin is quantum proof, it uses Ed25519.
There are also cryptocurrencies that can hide sender/recipient/amount and such using ZKP, I don't know if they are quantum resistant or if they have proofs for that yet.
I mine crypto on my home CPU. how would you go about forcing code updates to me?
I think the weakest part of crypto is that it still relies on the conventional internet, but if governments actually cracked down on crypto through ISPs then you would just see new networks poppping up. its a short term risk. it can run on pretty much any meshnet, some crypto is using i2p and tor stuff already.
download litewallet or something I'll send you some LTC
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Not one single person is gonna read all that
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