new bitcoin take just dropped
My favorite thing about cryptocurrency is theres literally hundreds of altcoins that don't use massive amounts of electricity to run but everyone insists on using the two that use as much energy as a small country because all the early adopters who made millions "mining" want to keep making more money with their millions of dollars of GPUs. The #2 cryptocurrency, Ethereum, recently announced more concrete plans to transition to a less wasteful system of maintaining network consensus and now all the miners are trying to coordinate a 51% attack to take over the network and prevent that from happening. Crypto nerds are literally fighting with everything they have to keep cryptocurrency as shitty as humanly possible.
wait, you're fucking kidding?! do you have anything you can share about the 51% attack? that rules so hard lmao
Mostly twitter and reddit threads, but this article has a few links I guess the current plan actually started earlier in response to an even more modest change to the network to lower transaction fees lol
lmao, if people are doing this when actual hardware is involved, how do people expect proof of stake to actually survive?
The ethereum developers probably expect them to fail at this, which, to be honest, is pretty reasonable given previous ethereum and bitcoin hardforks
crypto is fake. The reason for its existence changes every bull run.
Just one little electro-magnetic pulse..... Please Xi, I'm begging you.
Bitcoin is actually god and the blockchain is heaven, soon all true crypto believers will be raptured into it's ethereal calculations
Blows my mind how these so-called #Bitcoin influencers constantly call out the FED, but ignore Tether for doing the same thing, but worse.
Human greed works in a way that those enriched by the scheme will always turn a blind eye. It never ends well for them.
This is one of the related tweets. I always love this about bitcoiners because most of them are the same people who believe that fundamentally people tend to be selfish. But wait, that magically doesn't apply to Bitcoin! Here we have a movement where everyone will have a NAP style axiom, and we shall all use this to create a better and beautiful future where those fiat demons will have no power over us!
...well, maybe if not for that whole "selfishness" thing. But don't you worry, they'll pay in the end!
Like crack open a legitimate history book you fucking dorks. This isn't anything new.
I don't know about the biological determinism part but I do think that people do actually need to be incentivized to save the world. You do that by giving them a stake a real stake in society. You let them directly benefit from living in a society by letting it take care of them and provide for them and give them a connection. Bitcoin ain't it of course. If you had socialism or communism people would be way more motivated and interested in saving the world. But I think on some subconscious levels people recognize a hopeless battle and saving capitalism isn't worth it. The best you can do is tell people to save themselves, but that doesn't register because they're alive. Unless they're in specific mortal peril to their physical self, it's too abstract of an argument. It's not that people are stupid or can't expand their bubble of care, it's that many think it's their only option and they're too beat down to see it any other way. Of course some are in the business of people not thinking otherwise and it does keep them safe in their bunkers and behind guards so they think the system works.
I don’t like saying „people are too dumb“, but it’s kinda one way to put it.
We just don’t really understand it, like, we theoretically understand it, but we don’t really get it. You can explain to someone how bad the consequences of climate change will be, and they will understand it, but just because of how illogical we actually act as a species, they‘ll just move on with their lives.
Because it’s so far away in their minds, because it’s been talked to death and like, nothing‘s happened yet, right? (Wrong, but yknow)
It’s more or less willful ignorance. Maybe a mass panic media campaign could move the masses, but outside of that, people will just continue to pretend like nothing is happening.
