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Old 04-01-2021, 11:01 AM   #10111 (permalink)
SGR
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Not necessarily currency. The whole blockchain system is extremely resource intensive, and designed to get worse.
Sounds like you're bullish on crypto.

As it scales and adoption becomes more widespread, more capital will flow into re-engineering it and optimizing it.

Of course, if crypto reaches a wide adoption and scales massively in both infrastructure and support - but the underlying technology never changes - then yes, we'd have an issue. But it's highly unlikely that's how it will play out.
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Old 04-01-2021, 11:24 AM   #10112 (permalink)
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As it scales and adoption becomes more widespread, more capital will flow into re-engineering it and optimizing it.
This is similar to what's been said since the beginning, but that's not how it works. If you're mining anything on a blockchain (whether it's cryptocurrency or not), you're betting on it costing more resources tomorrow to mine. And every further link in the chain does get more resource intensive to build.
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Old 04-01-2021, 11:54 AM   #10113 (permalink)
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This is similar to what's been said since the beginning, but that's not how it works. If you're mining anything on a blockchain (whether it's cryptocurrency or not), you're betting on it costing more resources tomorrow to mine. And every further link in the chain does get more resource intensive to build.
Perhaps - but that's how the current proof-of-work model operates. There are other algorithms and models that are being worked on and researched. We're still in the early days of adoption with immature infrastructure - so of course, it isn't optimized yet.

You're betting that it will scale up and expand but the underlying technology and energy sources will remain in stasis. Cryptocurrency, with greater adoption, could very well be a boon to renewable energy infrastructure and accompanying political solutions.

The last 10 years of cryptocurrencies' usage and implications aren't a good predictor for what the future holds.
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Old 04-01-2021, 12:09 PM   #10114 (permalink)
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what's up bud been a while, what kind of music you up to these days?
Yeah. Been awhile. I've been mostly working on some weirdo metal shit. I haven't recorded nothing in a while. I did record something that was my take on clapping music by Steve Reich. How about you?
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Old 04-01-2021, 02:25 PM   #10115 (permalink)
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You're betting that it will scale up and expand but the underlying technology and energy sources will remain in stasis.
No, but if it does scale up then currently that means the needed resource intake will increase faster. I'm just not betting that a system in which the players benefit the most from being more and more environmentally inefficient will magically fix itself.

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Cryptocurrency, with greater adoption, could very well be a boon to renewable energy infrastructure and accompanying political solutions.

The last 10 years of cryptocurrencies' usage and implications aren't a good predictor for what the future holds.
How will it get there? What is a good predictor for what the future holds? How is being critical of its historical usage worse than banking on it self-correcting?

Also I'm not just talking about currency. NFT's are arguably even worse (at least i can understand the value that bitcoin, etc attempts to provide)
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Old 04-01-2021, 04:32 PM   #10116 (permalink)
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Yeah. Been awhile. I've been mostly working on some weirdo metal shit. I haven't recorded nothing in a while. I did record something that was my take on clapping music by Steve Reich. How about you?
I've been doin p good ups and downs but mostly hella recording projects at any given point. I think I'm in 5 bands atm? Newest one is a deathrock/goth project
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"SMOKE CRACK MUDA****KKA"

I'll check that dictionary, but in the meantime I'm impressed - as is everyone else in the world - by your eloquence, obvious accomplishments and success, and the evidence of your blazingly high intelligence.
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Old 04-01-2021, 06:35 PM   #10117 (permalink)
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I've been doin p good ups and downs but mostly hella recording projects at any given point. I think I'm in 5 bands atm? Newest one is a deathrock/goth project
Wow. You sound busy as shit. Lol.
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Old 04-01-2021, 06:43 PM   #10118 (permalink)
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Wow. You sound busy as shit. Lol.
His new band's dropping the Uber Dookie EP on the 12th.
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There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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Old 04-01-2021, 07:22 PM   #10119 (permalink)
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His new band's dropping the Uber Dookie EP on the 12th.
Are you telling me you wouldn’t listen to an album called “Uber Dookie” that was made by a band called Superpoop?
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On this one your voice is kind of weird but really intense and awesome
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Old 04-01-2021, 07:39 PM   #10120 (permalink)
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I'm saying that I'm a prick.
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There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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