Total energy use is also a red herring. It needs to be indexed per transaction to be a fair comparison. The world banking system handles orders of magnitude more transactions.
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Apple Looking for a Manager With Experience in Cryptocurrency
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Get your FUD out of here.
Dear Apple, please don’t start accepting crypto. If you did, it will validate current cryptos. While I appreciate block chain as a technology, it’s current implementation on popular cryptos is nothing short of a modern technology scam.
Or Ethereum. Or research the defi tokens. The amount of innovation that is happening in decentralized finance is incredible. It reminds me of the beginning of the internet age.
If you just think for a second, it is incredibly easy to fathom. Apple will make a clean crypto, or make existing crypto cleaner. Tech was an incredibly dirty business, and still is, except for the largest tech company, Apple, who is carbon-neutral and is on its way to a closed-loop supply chain.
Did you read the requirements for the position?
This big dump literally happens every year and they wipe out almost all the newbie poors and the long time rich people keep getting richer because they hold nearly all the coins and they control the exchanges. Don’t try to play games with misinformation because these pump and dumps, manipulation and control of the supply are well known.
There are ZERO banks who run payment on blockchain because it’s inefficient, doesn’t scale and isn’t private.
Dont play games with misinformation. We aren’t stupid like crypto cult members and casino addicts.
Bitcoin != cryptocurrency
You can have cryptocurrencies that aren't mined by morons.
You can have cryptocurrencies that are far more trackable than paper dollars.
This is a bit of a naive take.
1. Fiat is used for criminal activity far more than Bitcoin/crypto.
2. Crypto is extremely traceable.
3. Not all blockchains run on proof of work. Proof of stake uses 99.7% less energy.
You remember when the internet was supposed to be the domain and hive of criminals and pedos? How the internet was going to end up using so much more energy then everything else to support this villainy?
Yea... how did that internet thing turn out? was it as horrible it was made out to be?
Not in relative terms it's not.
I don't even know what "extremely" means here, but no, you can't "trace" a leaf node in a Merkle tree to anything. What makes that data structure compelling is that it's impossible to retroactively alter; you can only append. So, you can do further transactions, but you can't pretend after the fact that a certain transaction didn't happen.
You cannot, however, directly trace a transaction to a person.
You know what else uses many nines less of energy? Actual currencies.
The Internet turned out to have an abundance of terrific use cases.
Cryptocurrency / blockchain has yet to produce a single one.
It will be so thin that it will make a razorblade look fat - like Margot Robbie compared to Rosie O'Donnell.
It’s not really “missing the boat” if you deliberately don’t go to the dock or buy a ticket because the boat is called “titanic 2” and the route is via the North Pole.
cryptocurrency fails the worst at the one thing a currency needs to be successful, stability.
On the other hand it's not hard to fathom critics misunderstanding Apple, bitcoin, and crytoassets either.
I never regretted one moment getting on that dock or getting on that ship
Some gamble and win, some gamble and lose, that's just how it is. It was just a general remark of mine because of the salt in this topic, maybe some people drank the sea water and got dissapointed? 😂 (Not directed at you, but just a pun I couldn't leave)