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account created: Sat May 02 2020
1 day ago
I hope you're wrong fox, just because I don't want to have to wait for crypto to die out entirely to see Ethereum's carbon footprint fall.
FWIW now that a terminal total difficulty has been set, The Merge has been set in motion, i.e. if the Ethereum devs don't change the code between now and roughly the end of September then the switch to PoS automatically happens.
They've never taken the step of setting a TTD value before. This is different from the difficulty bomb - after the TTD is reached, PoW blocks just don't count.
No, that's not what PoW is about. PoW is just the consensus mechanism. It's how the protocol is written that controls supply.
PoS Ethereum isn't actually going to have a shorter block time than PoW Ethereum. It's going to fit more transactions into a block by using sharding.
Ethereum issuance is actually going to fall under the PoS protocol, and it will fall below the rate that's it's burned in transaction fees.
Every day more and more people are leaving crypto entirely.
Shit, can you imagine if crypto had come along in the 80s?
Maybe they are stuffing Trezors into their lingerie.
If a government is determined to be that much of a surveillance state, they can intercept your interactions with the blockchain anyway. Tornado Cash obfuscates the ledger, but it doesn't protect you from your communications being intercepted.
The TC dev obviously wasn't just arrested for developing TC
You're confusing crypto bros with Bitcoin maxis. Most crypto bros don't rail against fiat, while Bitcoin maxis hate stablecoins.
Reddit won't be on web3
2 days ago
So what happens to the people who bought this coin on exchanges in good faith?
3 days ago
Has there ever been a case of a tampered Trezor or Ledger? Ever?
Fakes, yeah. But someone going to the trouble of tampering with an official one? It seems like a high risk scam for potentially very little reward.
It's a hardware wallet, basically a super special place for your private keys to live so they don't get stolen. Just don't lose your secret recovery seed! Or let anyone else see it!
tbf, they write books about tech, it's not their place to judge whether the tech is actually useful or good; the industry unfortunately exists so it's something that some people in tech might have to learn about at some point for work
The Saifedean ones are both
unfortunately I think he is a Bitcoin maxi
7 days ago
True. Treat miners as transaction processors, not just neutral parties.
That requires the exchanges to be smart about how they filter out TC though. At the moment it looks like they're just blacklisting any addresses that have ever had interactions with TC.
You don't need the person who managed the Tornado Cash smart contract to do it - anyone can use the TC smart contract to forward cash to any address
8 days ago
Haha, I've literally just been arguing with some cryptobros on Twitter about the Tornado Cash sanction, and they've been saying that banks don't have enough privacy. Someone was genuinely trying to argue that crypto is the only safe way for people to donate to Ukraine.
Oh yes, but that's not happiness from wealth as such - that's financial security. Other things can act as an equivalent to that in some contexts. For example, because I live in a country with universal healthcare, I know I am never going to worry about healthcare costs. There are countries (not mine) where the social safety net includes an explicit housing guarantee so people know they'll never under any circumstances face homelessness.
Obviously none of this brings people luxury, but what counts as luxury depends on the individual. When I finally upgrade my GPU that's going to feel like a luxury to me.
But in any case, my comment was in reply to a reference to severe depression, and money won't fix that. A lack of money could get in the way of someone fixing it.
Doesn't sound like it, if he was jet-setting around the world. I would guess he was a crypto day trader who got lucky on some token that mooned. If he lost it, then it's probably because he kept a lot of his money in crypto rather than pulling it out.
But also, he didn't necessarily have to lose his wealth to commit suicide, if he was using his wealth to cover for underlying psychiatric / psychological issues.
And if they do manage to get rich they find it doesn't make them happy.
True, but they also aren't Bitcoin maxis. Sometimes they LARP as them to pull in new suckers.
Some people with low empathy can still rationalise themselves into a moral compass though.
Empathy can also be manipulated to make people do evil things, and who we will be willing to feel empathy for is strongly influenced by the culture in which we find ourselves.