/biz/ - Business & Finance

Come on man, its not even funny anymore.

Crypto not only is totally useless but really this is bad for everyone for really not reason at all.

Once you realize the left is (((the left))) it makes a lot more sense. We see you, Schlomo.

Can you not mine btc with renewable energy sources. like solar/wind?

thats why we need holo, imagine how much energy consumed google and facebook servers, much more than bitcoin, bitcoin is not the real problem

>>11089316
Because it's resistant to their control and leftism is driven by a desire for power.

>>11089333
Stay poor faggot. Just because you make bad decisions doesn't mean you get to steal from those who made good ones.

>>11089316
>muh environmental damage
Apple gets all kind of praise for being a trillion dollar company when a big part of their business model is having everyone switch to a newer, slightly better version of their hardware once a year

>>11089366
of course not, the C in BTC stands for carbon, it needs carbon-based energy

>>11089316
They fundamentally dislike it because the government cannot regulate it.

Can't redistribute gibs without being able to take gibs. The smarter ones are realizing their religion is about to be rendered irrelevant by technology and they're terrified.

>>11089584
>he doesn't realize it's really BTc
there isn't even a "T" element

>>11089316
The left hates everything, themselves included.

>>11089773
Thank god the right only hates nigs, jews, chinks, arabs, eskimos, lefties, liberty, education and the neighbor not cutting his hedge.

>>11089670
Tritium is hydrogen's isotope and can actually be written as 3H or simply as T
Took just 30 secs to google it mate

There is no regulation on it to stop bad actors from stealing regular peoples money and its not backed by government. Crypto is for the 1% and not for the people all the while they destroy the environment with mining. In that way its even worse than real world mining for metals which is why I won't invest in them either.

I just can't take this fake internet money seriously and everyone involved are just the worst part of capitalist speculation. Enjoy your tulips.

>>11089821
what are your thoughts on holochain/holo mutual credit system conrad?

>>11089316
Because they can’t tax it to fund gibs for niggs.
It really comes down to that.
Next feminist will be calling crypto sexist but no one gives a fuck.
This world was built for men by men.

>>11089844
Bullshit. They're already taxing it.

>>11089316
The left doesn't hate crypto because of the energy it wastes, it hates bitcoin because of the energy it wastes

>>11089316
Fuck off, /pol/.

>>11089316
buy gold instead?

>why do censorship-heavy authoritarians hate censorship-resistant libertarian systems?
gee i wonder

>>11089316
15. Leftists tend to hate anything that has an image of being strong, good and successful. They hate America, they hate Western civilization, they hate white males, they hate rationality. The reasons that leftists give for hating the West, etc. clearly do not correspond with their real motives. They SAY they hate the West because it is warlike, imperialistic, sexist, ethnocentric and so forth, but where these same faults appear in socialist countries or in primitive cultures, the leftist finds excuses for them, or at best he GRUDGINGLY admits that they exist; whereas he ENTHUSIASTICALLY points out (and often greatly exaggerates) these faults where they appear in Western civilization. Thus it is clear that these faults are not the leftist’s real motive for hating America and the West. He hates America and the West because they are strong and successful.

>>11089803

>>11089433
Then what does that make fascism?

>>11089997
Did you take that selfie at Sunday school where your priest fumbled your buttocks, John? Come on, be a good Christian and drop your panties. Deus vult.

>>11089316
Because of you, dummy.

>POW
Thanks to the Ethereum platform, ether will be loved by them and we can do away with POW in 2019

>>11089881
Yeah if you use coinbase and still use banks.
>2018
> not using bitpay
Fucking pleb.

It can't be controlled or censored.

>>11090033
tell that to eth holders

>>11089366
The whole energy thing is a meme. It doesn't use enough power to change the environment... Do you seriously think huge companies like AWS, Google or Facebook don't use more power than that? All the jews don't bat an eyelid at that shit because it helps them brainwash normies. Bitcoin is about freedom, the left are against that.

>>11090050
What are you talking about?

>>11089841
I don't know about it, but the fact that its another fake internet money and its not backed by any government I can put my trust in, it is probably a scam.

I might change my mind if all the speculators were out and it is regulated properly..

>>11090033
you do realize how racist that sounds right?

>>11089316
The left hates everything that works.

>>11089960
You realize that most libertarians are crypto-fascists right? That is what the left fights against.

>>11089967
What is wrong with hating imperial governments with a history of racism and bigotry?

>>11090369
You're a shit troll, fuck off

>>11090647
Just because you disagree with me doesn't mean I am a troll.

>>11089316
All left wing programs depend on money printing.

If you can't print money you can't: meddle in other countries, send aid to Africa, pay for socialized medicine, pay for food stamps, pay for government schools, pay immigrants to immigrate to the West, prop up left wing tech companies, etc.

Deflationary money means absolute fucking death to all lefty sacred cows.

The real question is why ANY left wingers are even a little bit ok with crypto. It's probably because they're emotional goofballs who can't think beyond first order consequences.

>>11090436
This is such terrible bait at this point. Stop. Save this shit for normies on facebook.

>>11089316
Based leftist here. Love crypto. The petrodollar is more directly responsible for climate change. The powers behind it have suppressed clean energy for a century.
Electric cars are nothing new. Tesla the genius, not the car, invented the electric motor early last century. Solar energy is even older.
Red state maga zombies are still brainwashed into suppressing clean energy to fight wars for Trump's masters in saudi arabia. Fucking sheep.

>>11090948
The 'right' created the fed reserve :^)

>>11090023
>Thanks to the Ethereum platform, ether will be loved by them and we can do away with POW in 2019
No PoS in 2019
Maybe PoS in 2020, whether hybrid or full is unknown

>>11089316
this is absolute bullshit. mining literal GOLD costs around 186 BILLION a year as opposed to the 4.6 billion spent on electricity for mining BTC. these faggots dont expect people to know this little tidbit tho. fucking kikes.

>>11090087
He's talking about Ethereum getting hard forked into ETH and ETC to undo the major theft from a hack early on. They had a do-over, it's not decentralized.

>>11089316
Because you won't stop spamming cryptocuck threads on /biz/.

>>11089820
>He wants to make a currency out of fucking TRITIUM instead of good old fashion Boron and Technetium

Are you trolling or did Russia pay you?

>>11089316
Because its ancap and hurts the overall power of the government to control all money. The left loves big government, the bigger the better. So therefore they hate crypto because it provides an alternative to the government.

>>11089396
Most coins are low energy now hothead. Eos uses barely any.

https://medium.com/holochain/beyond-blockchain-simple-scalable-cryptocurrencies-1eb7aebac6ae

>have to pass KYC + credit check for every coin on holochain. The whitepaper calls it the "membrane function." Holochain is ultimately based on trust, which means when you join a new subchain you have to have someone vouch for you. The only way to get money in holochain is through debt. Meaning you can spend money even if your balance is zero. You end up with negative balance and the other guy ends up with positive balance. If it was someone completely random with no KYC the debtor could just delete their account and make a new one over and over to get infinite money; a sybil attack. The membrane function prevents that from happening. You have to reveal who you are and prove you aren't a scammer. You have to prove that you are worthy of being issued credit. Its KYC or a credit check, however you want to call it. You cant just show up with your dick in your hand like bitcoin. Joining a coin on holochain requires social interaction. So you better practice your firm handshake and look them in the eye.

>have to either maintain your own personal blockchain history, or trust that someone else is storing it for you. If either party loses the chain data you lose all your money. It doesn't have guaranteed permanence like bitcoin. If being a notary (a node that maintains records) ever becomes unprofitable they will dump your records and bail in a heartbeat.

>have to pay fees to notaries any time you do anything. Its ethereum all over again. This incentivizes the notary to maintain and preserve the Distributed Hash Table. The DHT is a database that prevents people from double spending.

>>11089821
So anything is tulipmania as long as someone gets fucked in the end right? Fucking existence is tulipmania bro.

>>11090394
wait...how does that work?

>>11089316
*cough* those folks really are going to spoil my grandson's inter-network project, aren't they? *sniffle*

were coming for you blockchain

>>11089316
>left/right divide and conquer meme
Not today, JIDF.

>>11089316
and that's a good thing

>>11090077
You can't have freedom if you rely on slave labor to fund your degenerate lifestyle. Which is the goal of the left. They are the frat kids partying wanting the nerds to buy their beer and drugs.

>>11089491
I don't see how destroying the environment through a digital implementation of the "theory labor of value" is a good decision.