q_w_e_r_t_y
You see an investment scam and I see divinity
The answer is yes, but this looks utterly shit.Wonder if you can pay for your ticket in Bitcoin?
Why would you spend the most precious commodity in the world to spend time with wankers?
The answer is yes, but this looks utterly shit.Wonder if you can pay for your ticket in Bitcoin?
OhThe answer is yes, but this looks utterly shit.
Why would you spend the most precious commodity in the world to spend time with wankers?
Wow. I think I can see my future income stream.Any of you guys going to the Bitcoin festival in wales? Only 3-4k for a ticket. Proper bargain.
CowShed.
A gathering of 100 curious people from all over the world to discuss, debate and unpack what the future of blockchain is.www.cowshed.org.uk
A cryptocurrency investment firm with links to two all-party parliamentary groups (APPGs) appears to have disappeared, leaving some investors fearing they have lost tens of thousands of pounds and raising the prospect of further questions being asked about the role of APPGs in parliament.
Phoenix Community Capital established itself last year as a cryptocurrency project and investment scheme, which it said at one point was valued at $800m (£665m). It was a sponsor of one APPG, and its co-founder, Luke Sullivan, spoke at an event for a second APPG , as well as appearing as a panellist for events hosted by peers in parliament.
However, the company appears to have vanished in September last year, with its website going offline and the investment portfolios, known as “nests”, becoming inaccessible to an estimated 8,000 investors after that date.
Will they have a ball pit?Any of you guys going to the Bitcoin festival in wales? Only 3-4k for a ticket. Proper bargain.
CowShed.
A gathering of 100 curious people from all over the world to discuss, debate and unpack what the future of blockchain is.www.cowshed.org.uk
Its a banking failure.Almost like crypto firms are a terrible investment or something. Maybe because they don't do anything of any value?
and yet tether keeps going!SVB - one of only two banks in the US that accept crypto firms just collapsed. USDC lost the peg, dropping to 0.78 on some exchanges.
This has a lot of real world implications.
Things could be about to get interesting.
I don't understand it either. I did read this, which I thought was interesting :I really don't understand the language of BC but was amused to read about the collapse of SVB yesterday. Amused because I was on a plane, reading the story on someone else's phone (over their shoulder) and the whole thing was illustrated with Alice in Wonderland iconography and a title about 'rabbit holes'. The Chinese guy whose phone it was then spent a while googling what a rabbit hole was.
It was briefly fun to watch tech bro libertarians whining for a state bailout on Twatter. Unfortunately they got one, a pity because Peter Thiel (bank roller of all kinds of far right shit) was on the hook for $50 million.I really don't understand the language of BC but was amused to read about the collapse of SVB yesterday. Amused because I was on a plane, reading the story on someone else's phone (over their shoulder) and the whole thing was illustrated with Alice in Wonderland iconography and a title about 'rabbit holes'. The Chinese guy whose phone it was then spent a while googling what a rabbit hole was.
I enjoyed reading that. Thought about forwarding it to a friend who is knee deep creating his own token, etc. But I couldn’t be bothered getting into it with him.I don't understand it either. I did read this, which I thought was interesting :
The Death of Cryptocurrency - The Case for Regulation Nicholas Weaver
A friend was at college with the guy that runs Coinbase. He's enthusiastic, but I remain sceptical. I think I will remain outside the digital currency space and keep my ill-gotten gains in a traditional offshore bank.
I don't understand it either. I did read this, which I thought was interesting :
The Death of Cryptocurrency - The Case for Regulation Nicholas Weaver
A friend was at college with the guy that runs Coinbase. He's enthusiastic, but I remain sceptical. I think I will remain outside the digital currency space and keep my ill-gotten gains in a traditional offshore bank.
They love the term "cryptocurrency". It's an outdated and vague term to be honest.
They've been rebutted time and time again, with loads fo examples of innovation and products that can be used, yet they just carry on with their BS.
Zero knowledge proofs are in themselves the killer app of the future. You can prove something is true or not true, without giving away any other piece of information.
Yeah, people are starting to get wise and so the grift needs a new name.
It's funny how the one example you've chosen to highlight hasn't actually happened yet. It's a scam space and you don't even know it yet.
What "grift". If you are going to sit there and say the entire crypto economy is a grift, then it's you that is the grifter telling bare faced lies.
It hasn't happened yet because porn sites haven't adopted it yet.
It hasn't been adopted or recognised by government because the government wants to control your data.
It's up to us to fight for our own privacy.
Zero knowledge proofs work - they are used in validation of some networks.
Despite your lies, crypto will dominate. Crypto is winning and it will win out. And you will lie lie and tell even bigger lies in desperation.
Meanwhile in Australia.....
'Big Four' Australian Bank Issues Stablecoin On Ethereum
Are you now going to say that 4 Australian banks are in on some kind of crypto-grift?
Good for you. The difference here, unlike that other thread, is that your decisions based on your knowledge are respected.If I had money to invest, then I would be avoiding the crypto space as a whole. Not everything in there is a scam, but there's enough happening along with the bad rep for me not to want to bother.
Also, how the fuck am I a grifter?
Funny, why not? I'd have thought they'd jump at the chance to confirm visitors' ages without having to handle all the other personal data. I suspect it's because the idea that you can meaningfully verify someone's age without also knowing a whole lot of other things about them is a bunch of wishful thinking.
Crypto bros keep saying shit like that, but the only real accomplishment of crypto so far is in becoming yet another tradeable commodity. Great news for people with the money to speculate I guess, but that doesn't meaningfully change for the better the lives of us folk who actually have to work for a living. "Stock Market 2.0" isn't the revolution you think it is.
ONE Australian bank. One of the Big Four Australian banks is piloting a scheme for "select corporate and institutional clients". Big entities do pilot schemes all the time. That doesn't mean anything meaningful is going to come of it.
You can't get zero proof validation of them being over 18 if the holder of the digital wallet doesn't have legit NFT issued by decentralised identity solution.
This comes back to whether governments want to be honest and real about all of this,.
It's no use porn sites using decentralised ID networks with zero knowledge proofs if the the authorities come back and say "Fuck off you must accept credit/debit cards, because we're cunts and no matter how much you do to prove this works we say it doesn't and we're the final arbiters of the truth because we're drunk on power."
I guess the real solution is to have decentralised porn sites where people download the porn and that's it. The porn is there, can't be destroyed or taken offline.
My point is, the tech works and no amount of proclamations from you changes that fact.
A fact you can't change but hate because you hate capitalism more than you hate normal people making money so that they eventually don't have to work.
Oh I would say it's a 50/50 that one day a hostile government would get in and pass laws to shut it all down
Don't care as such an act would be futile.
It's been an informative thread though. It's clear some people see the intrinsic value in crypto as a mathematical solution to payment confidentiality, or maybe just for its own sake. That's fine. How elegant the maths is, with the discussion of proof of waste verification and the sheer amount of electricity consumed by the miners, maybe open to debate. 7 transactions a second is a medium size Tesco store.They love the term "cryptocurrency". It's an outdated and vague term to be honest.
We I see that someone generalises about cryptocurrencies and the "aims" of cryptocurrencies, I get real dismissive of their opinions real quick.
For example, Ethereum has very different goals than Bitcoin.
For example, Ether the native payment instrument for Ethereum, has to be Ether and not any national currency, to secure the chain. Beyond that, you can use the USD or GBP to transact your business. So Ether isn't aiming to replace any national currency, though you would need to use it to do certain things on the Ethereum blockchain.
I'm tired of critics saying "nothing has been delivered" or that there is "no innovation".
They've been rebutted time and time again, with loads fo examples of innovation and products that can be used, yet they just carry on with their BS.
Zero knowledge proofs are in themselves the killer app of the future. You can prove something is true or not true, without giving away any other piece of information.
Example : I am over 18 - the end, none of your business who the fuck I am, or when and where I was born, you wanted me to prove I'm over 18, I've done that, now give me my free porn.
If people want a future where people will always have to lay down their credit/debit cards or some gov controlled ID to do their business, leaving them open to blackmail or government control, then I despair.
I'm not sure about this, though. "transparency and fairness"?Stock Market 2.0 has transparency and fairness.
Stock Market 1.0 does not.
A fact you can't change but hate because you hate capitalism more than you hate normal people making money so that they eventually don't have to work.
FTX isn't stock market 2.0 it's stock market 1.0 trading crypto on top.
I've been enjoying the FT podcasts about Quantum Computing. In this episode, they claim that quantum computers will break most encryption.
What about crypto currencies? Quantum computing will break them too, right?
The types of encryption algorithm that quantum computers can break are very specific, and it requires some very clever physics/maths to translate the problem (find the prime factors of this very large number) into something that can actually be computed by a quantum computer. SHA-256 as used by bitcoin (and by standard encrypted web connections) is one of these vulnerable algorithms. A quantum computer wouldn't solve it instantly, just many many orders of magnitude faster than standard computers. If quantum computing arrives, then someone with a quantum computer will become the overwhelmingly fastest bitcoin miner, virtually guarunteed to win the lottery for every new block. They would have immediate power to manipulate new blocks unless and until a second quantum computer joins the network to compete with it, at which point the mining rate would be adjusted to suit this new vastly higher hash rate.I've been enjoying the FT podcasts about Quantum Computing. In this episode, they claim that quantum computers will break most encryption.
What about crypto currencies? Quantum computing will break them too, right?