Wait, so you’re the co-founder and the intern at the same company?

yes

The company exists to minimise the cost of increasing the speed of a transaction with "gas fees". Sort of like when you pay for something with your debit card and then pay a second company to make the transaction go through in under a day.

  • BodyBySisyphus [he/him]
    ·
    edit-2
    1 year ago

    https://nitter.net/PopPunkOnChain/status/1711477399320244344#m

    I don’t have a wife.
    I don’t have a son.
    I’ve never owned ApeCoin.

    Thanks for playing.

    Log in -> spread misinformation

    Apparently his company is called Gaslite, too. Viral marketing campaign?

    • UlyssesT [he/him]
      ·
      1 year ago

      Apparently his company is called Gaslite, too. Viral marketing campaign?

      Tech grifters really, really like masks of irony for what they're doing. There's a psychological tendency known as "duper's delight" and I think they crave that.

      • BodyBySisyphus [he/him]
        ·
        1 year ago

        Very much the grade-school conceptualization of intelligence where basic adherence to the social contract and assuming the person you're taking to isn't being intentionally obtuse is somehow a sign that you're dumber instead of just less sociopathic.

  • sicklemode [they/them]
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    edit-2
    1 year ago

    See, this is the kind of shit that radicalizes young people. Older generations just nonchalantly gambling their children and grandchildren's futures and losing it, and then what? Often the responsibility is shifted to the ones who lost everything due to their greed and negligence.

    stonks-down - "Like, sorry, no college fund for you, but I heard bootstraps work just as well" shrug-outta-hecks

    Well, I bet their son will eventually be interested in a copy of Das Kaptial very-smart

    • PolandIsAStateOfMind@lemmygrad.ml
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      edit-2
      1 year ago

      Idk, Poland did this on national scale in 1999 but managed to brainwash people so much they were protesting when the scummy system was made a bit better later.

      Remember the Argentinian retirement system that caused humanitarian disaster and people came out on streets to topple it and the government? It's literally the same system and Poles were defending it.

      • sicklemode [they/them]
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        edit-2
        1 year ago

        I'm hardly surprised when it comes to the Poles. We're talking about the nation that just opened its doors and gave Ukrainian refugees basically full citizen rights, including the ability to run for office, law enforcement, be teachers, etc etc (seems they, like other EU nations really have a thing for importing nazism).

        People in the US (at least) have always been promised better and delivered a heaping bag of steaming dog shit, which is pissing more and more people off every day.

        • PolandIsAStateOfMind@lemmygrad.ml
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          edit-2
          1 year ago

          This was actually pretty unpopular in Poland right from the start, especially that the "fuck you i got mine" mentality is really ubiquitous here to the point people routinely acts against their own interests only so others don't recieve more. So when the uncritical support for Ukraine will finally be taken down from every propaganda outlet here, the pushback will start. It's doubtful it will go to the level of deporting them, the influx had done a huge amount of social dumping needed by our bourgeoisie, but they will be discriminated.

          • sicklemode [they/them]
            ·
            1 year ago

            I actually wasn't aware that the move was received negatively, although from what you describe it makes sense.

            As far as deporting them, who knows. All Ukrainian refugees are potential cannon fodder to keep the war machine going. It's like a reserve army that NATO can decide on a whim to throw into the jaws of Russia's military.

            Perhaps in Poland's case, though, you're onto something that this won't happen. We'll see where this goes.

            • PolandIsAStateOfMind@lemmygrad.ml
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              edit-2
              1 year ago

              I actually wasn’t aware that the move was received negatively, although from what you describe it makes sense.

              Thing about Poland is that despite our country is routinely, and not far from the truth, considered as badly working, one thing we have superior compared to even USA: local propaganda. Sure, there are tons of bickering, but on the issues all political forces agree on, like anticommunism, russophobia and bootlicking USA the bubble is basically seamless.

              All Ukrainian refugees are potential cannon fodder to keep the war machine going.

              Yeah, there are some talks hinted about deporting Ukrainians from Poland to Ukraine to serve in the military, but nothing concrete yet. I meant getting kicked out after the war when the proUA propaganda ends. Poles traditionally don't like Ukrainians very much.

              Overall i guess much will depend on how exactly that war ends and how will western propaganda spin it.

  • UlyssesT [he/him]
    ·
    1 year ago

    I've been told, many a time, that Ethereum is "one of the good" cryptocurrencies.

    I've known about "gas fees" for years and how the rent-seeking is built right in.

    The most euphoric of cryptocultists even told me that maybe the Ethereum blockchain would "form a neural net" over time and become sapient, or even start The Singularity(tm).

    soypoint-1 no-mouth-must-scream soypoint-2

    These are not well informed or critically thinking people.

    • Saeculum [he/him, comrade/them]
      ·
      1 year ago

      Get out of here with your reason skeptic.

      The crypto Messiah is nigh! It gestates in a web of a thousand thousand blockchains, and feeds upon the broken dreams and lost hopes of crypto bros.

      Yea shall it deliver us from centralised currency or something! Gaze upon it and weep for your salvation.

      • UlyssesT [he/him]
        ·
        edit-2
        1 year ago

        I know you're joking, but judging by what my-hero named one of his many IVF children (Techno Mechanicus), he like many cryptobros missed the point of the (originally intended, at least) satire of 40k.

    • Othello
      ·
      edit-2
      6 days ago

      deleted by creator

      • UlyssesT [he/him]
        ·
        edit-2
        1 year ago

        It isn't just not dead; it's the basis of many secondary grifts, such as NFTs. NFTs were minted from the start using ETH and charging "gas" each and every time while burning the planet down a little faster.

        • Othello
          ·
          edit-2
          6 days ago

          deleted by creator

          • fox [comrade/them]
            ·
            1 year ago

            It's down 30-70% from 2 years ago fwiw depending on when they bought. One Ether is worth about 1500 USD right now but there were spikes in 2021 to like 3-4 grand.

            • Othello
              ·
              edit-2
              6 days ago

              deleted by creator

  • zifnab25 [he/him, any]
    ·
    1 year ago

    It will come back it’s a blue chip project .. your just a bit early

    ...

    35K is cheap price to realize your ex wasn’t loyal ..

    When you reach all time highs this next cycle don’t look back!

    https://x.com/jamieMiner9/status/1711477947360489730

    Incredible.

  • regul [any]
    ·
    1 year ago

    all the replies are bluechecks lmao

  • ᦓρɾιƚҽ@lemmy.ml
    ·
    1 year ago

    Crypto is like stocks: a pyramid scheme. Sad someone will miss out on education due to stupid parents...

  • macerated_baby_presidents [he/him]
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    edit-2
    1 year ago

    The company exists to minimise the cost of increasing the speed of a transaction with "gas fees". Sort of like when you pay for something with your debit card and then pay a second company to make the transaction go through in under a day.

    Not what the company's website says (or means). Gaslite.org says they are a B2B company that helps make other companies' smart contracts more gas-efficent. So they look at code and say, e.g., "you can use a storage pointer here instead of copying to memory, and this will make it require less compute to deploy and run", and the client company implements those changes before deploying. The thing that determines transaction ordering is the price per compute. So users paying a higher per-compute rate on a transaction to jump the line is a very different thing than somebody changing their code to require less compute.

    Anyway what that actually means is he's a freelance dev who will charge stupid companies a lot of money to run hardhat-gas-reporter on their code.