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sagrotan ,
@sagrotan@lemmy.world avatar

Hm. I guess I have to get out the 'ol hose and canister again.

Crack0n7uesday ,

With how saturated the mining community is, you have to buy a Bugatti, put a brick on the gas pedal, all while sitting in neutral gear, and leave it running for 24/7.

linearchaos ,
@linearchaos@lemmy.world avatar

Hey, I saw Ferris’ day off, I remember how it ended.

What’s worse, is you don’t even get there on you get a small chance to get a stock-like transaction that could be worth some heroin or notging at all

Aasikki ,

Not just one Bugatti. Probably at least 100 Bugattis.

Chakravanti ,

Bitcoin=Snitchcoin

Monero won’t broadcast every exchange’s handler’s details: IP address, ID, time & Date, Amount, Target, Totals, etc.

toastal ,

Zcash too if you enable it

Chakravanti ,

Fraud. Zcash is closed source. Also it’s a backdoor backstabbing snitch coin too. Touching that is ignorant.

toastal ,

Willing to be wrong as I mostly observe from afar but the repo is here: github.com/zcash/zcash

How z-to-z shielded transactions using zero-knowledge proofs snitching?

explodicle ,

Just use Lightning and you’ll have literally the same onion routing as Tor. Monero doesn’t hide your IP address or dates either.

If there’s ever an inflation bug in Monero (like the value overflow incident), it will go undetected.

Chakravanti ,

Doesn’t stop the transaction from being broadcast all details. TOR or not don’t matter. Broadcast of all details is %100 lightning or not. Monero DOES “hide” your details. It may be visible that I access the Monero network if I don’t ride a VPN but it doesn’t matter. No more info about said usage is broadcast.

I can see you used PornHub today too. Should have used a VPN. I know how long you watched each of those videos too. Maybe find a VPN that accepts Monero, not the Snitchcoin.

“Bug” LMFAO

explodicle ,

We don’t strongly disagree here - we’re both protecting our online privacy by bouncing that traffic around a little, through either a VPN or Tor.

We’re betting our freedom on the assumption that the bad guys won’t compromise each hop. It’s easier for them to compromise PornHub and then my VPN than it is to compromise each LN hop. So Monero won’t make my wanking any safer; the dick police will just go after the weakest link.

The value overflow incident was a bug that allowed some dude to give himself a bazillion bitcoins. It was caught and fixed before he spent any.

Chakravanti ,

I’m betting on the ability to have the masses learn to protect themselves by adapting to FOSS.

In other words. We’re all gonna die. Very fucking soon. Faster than any cracker can break Monero.

Mubelotix ,
@Mubelotix@jlai.lu avatar

Just use coinjoin over Tor

Chakravanti ,

Or swap for Monero over Bisq (TOR market). Whatever. Bitcoin is Snitchcoin. Everything is broadcast enough you cannot avoid it. Even your methods aren’t enough.

kemsat ,

Yeah but you could actually do useful things with the power from an idling car.

Sabre363 ,

Like cook the planet

Chakravanti ,

Snitch on yourself.

kemsat ,

I didn’t mean literally a car, I was going a long with their metaphor.

I saw a Veritasium video where they use a massive engine as part of a whole facility that tests buildings for earthquakes. That’s not something that’s going to be a problem. And in some applications, fossil fuels are what makes sense to use.

We should definitely use them in as few applications as possible, but yeah, if you wanna act like we should stop using them completely, in all applications, you can keep hallucinating.

Sabre363 ,

I was mostly making a joke about how bad cars are for the environment, not really adding anything of substance to the conversation.

vithigar ,

If you’re doing something with the output of the engine then it’s not idling, strictly speaking.

SwingingKoala ,
@SwingingKoala@discuss.tchncs.de avatar

Can an idling car save people’s wealth from hyperinflation?

Wogi ,

You could do useful things with the power used to generate Bitcoin too.

spaduf , (edited )

Generally, however, it is not easily converted to heroin

Deiv ,

Use a computer to work -> get paid -> buy heroin

Willy ,

they real story is more interesting. it’s just a shame that the incentives were aligned a bit askew. people gonna people.

kameecoding ,

Whats the more interesting part? It was a scam from the get go

nexguy ,
@nexguy@lemmy.world avatar

… in that it wasn’t a scam from the beginning…

Scammers just saw an opportunity later.

kameecoding ,

Yes it was, lol. By design it can only function as a ponzi scheme, the itention might have been something else behind it but that doesn’t mean it wasn’t a scam from the get go

nexguy , (edited )
@nexguy@lemmy.world avatar

Who are the scammers? There is no company behind bitcoin and the soure code is open for anyone to look at at any time and anyone can participate.

Edit: A ponzi scheme is a specific thing that people like to throw at any perceived scam. Ponzi means there is money being put into btc with the promise of more money being able to be withdrawn only because more people join… which is certainly not the case for btc. There is no account where money is being deposited… only a record on a block chain. There is no guy at the end scooping up money.

kameecoding ,

The delusion is strong with this one, here is a video educate yourself if you want I no longer care to argue with cryptobros

youtu.be/YQ_xWvX1n9g?si=bZc0DZc4zE_TGdPg

asuka ,
@asuka@sh.itjust.works avatar

By being designed a deflationary currency, Bitcoin price was “doomed” to repeatedly spike with every halving. The “scammers”, then, are the people who got in early and hoarded Bitcoin.

nexguy ,
@nexguy@lemmy.world avatar

So then the people who buy paintings from deceased artists are also scammers? They thought the exact same thing…I want to but this intrinsically useless thing that I think will increase in value because only a finite number exist and I think more people will want it in the future.

A scam is a deception of some sort. BTC is open source. No one is tricked into buying it any more than artwork.

asuka ,
@asuka@sh.itjust.works avatar

Paintings are beautiful. Products are useful. Bitcoin is… nothing. It’s speculation. Any time when it could have been used as a practical currency is long gone.

frezik ,

It’s known that the original guy mined a whole bunch of coins to start with and has never cashed them in. He doesn’t seem to care about money much and just wanted to work on something interesting. Bitcoin is really a garage project that’s gotten out of hand.

Now, everyone who picked it up after that on a Greater Fool theory, sure, absolutely.

cuchilloc ,

Just like govt issued currency

kameecoding ,

Ey yo bag holders are out in full force

nexguy ,
@nexguy@lemmy.world avatar

If only anyone could actually prove btc is a scam in any way I’d gladly agree… any evidence at all. No evidence against an open source project since its inception 14 years ago. Is the evidence that impossible to reveal?

kameecoding ,

If only there was a 2 hour long video that goes throughout everything including nfts

youtu.be/YQ_xWvX1n9g?si=bZc0DZc4zE_TGdPg

nexguy , (edited )
@nexguy@lemmy.world avatar

I’ll watch it. I hope it’s not 2 hours of opinion but actual dive into btc source code that shows something that I guess everyone(including banks and investment firms) has missed.

edit: This matches exactly what I said that scammers have taken an opportunity but btc was not created as a scam as was stated…so IS this a waste of 2 hours where btc is not the target but just a bunch of other coins and nft?

nexguy ,
@nexguy@lemmy.world avatar

Immediately in the first few minutes he describes in detail how btc was not designed as a scam. Thank you for proving my point

AVincentInSpace ,

He also says that in order for anyone to make money by trading actual dollars for bits on a blockchain and then back again, or by mining those bits by paying an absurdly large power bill (to say nothing of single purpose hardware that becomes useless within a few years) and then selling them to the next guy, one must somehow convince some other poor soul that those bits on that blockchain are now somehow worth more dollars than they were when one bought them to begin with. No cryptocurrency can exist without bagholders. Categorically.

nexguy ,
@nexguy@lemmy.world avatar

Agreed. It’s not inherently a scam nor a ponzi since this rely on lying about how much money you have to pay back everyone at once. Btc is similar to artwork. There is no intrinsic value to it unless everyone agrees it has. Work is done to complete both and both are unique. Both are finite. Only 21 million btc will ever exist and only x numbers of paintings by this dead person will ever exist. If enough people believe both are valuable then their values will rise.

dimath ,

The value of mining is in permanent recording of people’s current heroin transactions. The bitcoin you get is the reward for the service.

GrammatonCleric ,
@GrammatonCleric@lemmy.world avatar

apt 😂

spaduf ,

install

lemmy_nightmare ,
@lemmy_nightmare@sh.itjust.works avatar

synaptic

herzberd ,
@herzberd@lemmy.blahaj.zone avatar

idling

With how much power proof of work takes it’s more like putting a brick on the gas pedal in park

nightwatch_admin ,

I wish for Lemmy Gold hoo boy

Albbi ,

Could donate to OP’s instance. More useful than reddit gold ever was that way.

A button for that would be pretty neat.

nightwatch_admin ,

Great idea!

hoshikarakitaridia ,

Maybe make it more interesting “give this man a medal” and you pay money for that, but the money gets donated to the instance. That could be cool.

Diabolo96 ,

Yep, people will throw hundreds if not thousands of dollars at big tech giant for random useless cosmetic stuff. Using this late stage consumerism drive for actual good is honestly the best solution. This is not sarcasm. I actually lost faith in the fight against Hyper-consumerism.

TrickDacy ,

🤮

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