Blockchain: the wave of the future

No one is ever concerned with how much energy is used to feed ads to the entire population of earth 24/7.

Distributed hashed linked list is so yesteryear. These days we're into text autocompletion instead.

...and, hear me out, that will be perfect for keeping messages untraceable by the government. Every single of those 200,000 computers will have full copies of all the messages ever transmitted, unencrypted, but they'll never be able to tell who wrote them and who they were for.

At first I read "200.000" as a particularly precise float, and laughed at the absurdity. Then I realized he meant "two hundred thousand" and it came full-circle from comedy to tragedy. :(

Or, you could just pick one computer, have it do the work and punish it by taking its money if it screws up (ETH).

But yeah you’re not wrong about minable coins.

If you want a trustless system, you have to sacrifice performance. At least the proof of stake blockchains like Ethereum don't use that much energy, and you get a pretty cheap and fast transaction with layer 2 solutions on par with credit card transactions.

The real charlatans were the “the technology has promise” people. No, the technology was dumb.

It doesn't require that much computing power, that's just a variable that gets set.

If the difficulty were set lower, one average computer could easily handle it.

Then some massive org like the NSA creates/captures 51% of the nodes and takes everyone's money overnight.

The blockchain is better than the stock market, that's for damn sure.

All the assholes saying crypto is bad for the environment are completely silent about the amount of power that CBDCs will consume or the amount of power consumed by the stock market.

Crypto =/= blockchain.

If you can't see the utility of blockchain with regards to things like actual, verifiable digital ownership, then I don't know what to tell you.

This is revolutionary

Wow, I thought I was back on reddit with the tech fear mongering.

A single Ethereum transaction now uses only 0.02 kWh of electrical energy and has a carbon footprint of 0.01 kgCO2, which is much lower than the average values for a debit transaction or PayPal.

Lot of comments don't seem to understand that these words are not interchangeable

I love how one man created arguably the most complex puzzle in the history of mankind and people shit on it just because it's literally hard to solve (aka "uses energy") and the solutions have value.

Y'all prefer to have the government and banks in charge of money instead? seriously?