Resurrecting a dead torrent tracker and finding 3 million peers
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The whole point of the blockchain is it for it to be traceable, though. There's only the illusion of anonymity with crypto
That's complete misinformation.
The point of blockchain is not to be traceable but not alterable or tamperable with unauthorized or false data. A distributed database that can't easily be faked.
Some cryptocurrencies, like Monero, achieve high anonymity. While not perfect, good opsec will fix its flaws. Just like anything. That's not the case with the majority of cryptocurrencies though, but saying anonymity is but an illusion is just false.
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Too bad the rich control it now.
If you mean through regulation, yes, partly
If you mean they hold most of it and thus have a total decision power, then I must disagree
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Orphaned domains like this are interesting, there was a defcon talk, I think, where the presenter bought a bunch of blacklisted orphaned domains just to see if anything would try and connect to them. They got hit with so many botnet clients trying to phone home.
Please post a link if you're able, that sounds like a very interesting watch.
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paying in crypto is nice partly for this reason
But a lot of uneducated people will spam "crypto is a scam"
Crypto is a scam.
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Crypto is a scam.
Breaking news! Criminals (but not only) use crypto, and people get scammed. This happens as well with fiat, so that must surely mean fiat is a scam!
Flawless logic, really. You people impress me with your thinking.
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Breaking news! Criminals (but not only) use crypto, and people get scammed. This happens as well with fiat, so that must surely mean fiat is a scam!
Flawless logic, really. You people impress me with your thinking.
if you sell something for $1 at 10am your $1 still buys $1 at 10pm.
in crypto, it's easily manipulated, and that's by design. it's a scam because the only people who have that control are the wealthy.
If I sell 1BT worth of something at 10am, it could be worth 2BT at 10pm, but it could also be worth .1BT equally.
the purpose of a Fiat currency is economic supremacy that is backed by the governing body and the economy that uses it.
tell me, what governing body or economy is crypto backed by?
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And if there is. Please seed that.
I usually do, but in general they're dead for lack of demand
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paying in crypto is nice partly for this reason
But a lot of uneducated people will spam "crypto is a scam"
Crypto is not a scam, it's just plain stupid.
The entire idea behind it is what a third grader might come up with and think it's a great idea. It's not.
It literally requires every connected wallet to process the same transactions as everyone else. Can you imagine doing billions of transactions per day this way? It is extremely inefficient and yes, this is one of the reasons why even the relatively low amount of transactions that Bitcoin processes costs more electricity than a small modern country.
It's in a way comparable to a cpu doing 6+7 in a single CPU cycle whilst AI needs to burn down a forest to answer the same question
Crypto is stupid.
I get what its trying to replace and i agree that the current system sucks as well for a long list of reasons, but crypto is NOT the solution. A fundamentally different system must be designed to be able to solve the issues that crypto is trying to solve
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if you sell something for $1 at 10am your $1 still buys $1 at 10pm.
in crypto, it's easily manipulated, and that's by design. it's a scam because the only people who have that control are the wealthy.
If I sell 1BT worth of something at 10am, it could be worth 2BT at 10pm, but it could also be worth .1BT equally.
the purpose of a Fiat currency is economic supremacy that is backed by the governing body and the economy that uses it.
tell me, what governing body or economy is crypto backed by?
None of that is "by design" its just the result of an unstable system. Crypto sucks for a long list of different reasons.
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None of that is "by design" its just the result of an unstable system. Crypto sucks for a long list of different reasons.
it is by design for a lot of them.
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it is by design for a lot of them.
The instability?
You're giving it too much credit, especially the altcoins that didn't look beyond "existing". I know, I made one like 7 years ago or so and I ain't proud of it.
The instability of the worth of these crypto coins is just inherent to the instability of it, and actually not that different from currency fluctuations. You don't think the entire world works with US dollars, no?
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Crypto is not a scam, it's just plain stupid.
The entire idea behind it is what a third grader might come up with and think it's a great idea. It's not.
It literally requires every connected wallet to process the same transactions as everyone else. Can you imagine doing billions of transactions per day this way? It is extremely inefficient and yes, this is one of the reasons why even the relatively low amount of transactions that Bitcoin processes costs more electricity than a small modern country.
It's in a way comparable to a cpu doing 6+7 in a single CPU cycle whilst AI needs to burn down a forest to answer the same question
Crypto is stupid.
I get what its trying to replace and i agree that the current system sucks as well for a long list of reasons, but crypto is NOT the solution. A fundamentally different system must be designed to be able to solve the issues that crypto is trying to solve
It literally requires every connected wallet to process the same transactions as everyone else.
wat?
wallets don't process any transactions other than yours. and even then, wallets do the easy work.
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Crypto is a scam.
Your existence is a scam.
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Breaking news! Criminals (but not only) use crypto, and people get scammed. This happens as well with fiat, so that must surely mean fiat is a scam!
Flawless logic, really. You people impress me with your thinking.
Don't even bother. You'll never get through to these drones.
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People really need to get over this idea that using crypto to buy things makes you anonymous.
And people should also know that there are privacy coins and mixers
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Don't even bother. You'll never get through to these drones.
Wtf are you talking about
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Crypto is not a scam, it's just plain stupid.
The entire idea behind it is what a third grader might come up with and think it's a great idea. It's not.
It literally requires every connected wallet to process the same transactions as everyone else. Can you imagine doing billions of transactions per day this way? It is extremely inefficient and yes, this is one of the reasons why even the relatively low amount of transactions that Bitcoin processes costs more electricity than a small modern country.
It's in a way comparable to a cpu doing 6+7 in a single CPU cycle whilst AI needs to burn down a forest to answer the same question
Crypto is stupid.
I get what its trying to replace and i agree that the current system sucks as well for a long list of reasons, but crypto is NOT the solution. A fundamentally different system must be designed to be able to solve the issues that crypto is trying to solve
You don’t understand how crypto works it seems
It literally requires every connected wallet to process the same transactions as everyone else
That’s misleading. Your wallet scans blocks for transactions that goes to your wallet, but this is super fast for many cryptocurrencies. Wallets usually sync in seconds.
this is one of the reasons why even the relatively low amount of transactions that Bitcoin processes costs more electricity than a small modern country.
No. The main reason is block size and block emission period. Also, you’re completely forgetting the fact that non Proof Of Work cryptocurrencies exist, and have close to 0 electricity cost
The entire idea behind it is what a third grader might come up with and think it's a great idea. It's not.
If they do they’re pretty much a fucking genius for their age
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USA also claimed they owned all BTC that went through dark net markets. I don’t care what they think about X or Y thing
But yea that would be considered ML in many countries because you’re hiding the links and making it seem like normal money, which it should be imo
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I'm a developer but have utterly no experience with torrent architecture, or for that matter anything outside of standard web services and the kinds of things companies do. But I've been wondering if BitTorrent technology would be usable for federating content for things such as Lemmy. After reading that somebody was begging for money to offset the $5k/month they were spending to run an instance (I mean, that shows true dedicaton but holy crap dude), it seems like a distributed architecture would make a lot more sense than somebody having to foot the bill for a big-ass server. I just personally wouldn't know where to begin on a project like that, but maybe if somebody with the right combo of skills and experience gave it some thought...
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Wtf are you talking about
You won't convince anyone one here that crypto isn't a scam. These people are set in their ways.
