Posted by alcazar 5 days ago
RandomX in Javascript (web mining?)
https://github.com/l1mey112/randomx.js/
Bitcoin with RandomX (agentic cash?)
But solving the problem of how to transfer value trustlessly and anonymously, instantly anywhere in the world is one of the biggest breakthroughs since the Internet.
Amazing how in a few short years kids started growing up with Bitcoin and don't understand how it work or why it exists :(
But it's still mostly about the speculation, it seems.
Bitso processes 10% of US-MX remittances. 12% of people in Argentina use stablecoins. The shift is happening in real time.
Free speech is for all the stuff you personally detest and personally choose to avoid. In a free country you hold your nose and allow others to engage in it.
If money is speech, then having a kind of money that doesn't pass through policy gates is an essential component of a free society.
Happy to continue discussing if you'd like to reply to what I wrote.
Point is, it's a currency you can use right now independently from the increasingly unstable-looking US dollar.
You could also use euros, yuan, rupees, or Australian dollars but it's really hard to get an account in those currencies if you don't live in those countries. Crypto is much easier to get access to.
We are 15y in and there is still no trace of a meaningful use case outside of the ones I mentioned. I don’t think it’s a failure of bitcoin itself (it’s a neat proof of concept), I see it more as a complete delusion of people pushing cryptocurrencies
Also wall street never considered it seriously until a few years ago.
And who's gonna admit that bitcoin is a ponzi scheme when all of their savings are in it? you can't, it would devalue your own money, so you're trapped, you can only further invest in it.
1. Illegality 2. Speculation (i.e., gambling)
So yes, +1. :-(
I can use my compute and energy how I like, whether that’s for AI or crypto or a Minecraft server. You don’t have a right to call one “wasteful” and one not
I can have a computer on an endless loop without any idling, consuming as much CPU time as it can, I do not know any other classification of this action than wastefulness. crypto mining is useful of course, the end goal of mining is to get crypto, of course, there is no further goal beyond that.
Objectively, Minecraft is a game, an objective of many games is to waste time, therefore this cannot be used as a measurement, but enjoyment is. as a game it fulfills its role. wastefulness could be classified in comparison to other solutions/clones, like minetest. If minetest fulfills exactly the same goals with less action as minecraft, then minecraft is in comparison wasteful.
Another measurement is mining solutions can we achieve the action of mining with less compute? can we not mine at all? does not mining achieve the same goal? if it does, then mining is objectively wasteful.
The objective of crypto is replacing fiat currency, it does not do this, therefore it is wasteful. Of course, this is only true until it does replace it, which is why we must compare, would this cryptocoin scale to the entire world? does it require more work for it to do so? if so then it is wasteful.
Just as an example, aave lost 295 million last month due to a hack in another protocol, and nothing was posted here.
A good example was the truck manifestation in Canada a few years ago, they went after all the donors for what was a legitimate protest. Anyone using bank transfers or any crypto that wasn't Monero was persecuted.
Those who used Monero had their privacy assured and zero issues.
Courts deemed as unlawful this government persecution to whoever donated to the protest using transparent cryptocurrency: https://usethebitcoin.com/news/canadian-court-rules-against-...
The point is that only those who used monero were safe from unlawful government persecution.
He received plenty of USD in cash delivered in hands by the US government through the three-letter-agencies. These kind of things always happened, it is unfair and incorrect to blame crypto currencies whereas the overwhelming majority of "special operations" continue to be paid today in plain paper money.
I was interested in Monero because it actually was what people thought Bitcoin was.
The reason why cryptocurrencies exist is precisely to detach money from governments, reason why Monero is persecuted by every single western government whereas that coin you mention is endorsed by them. There is quite a world that needs and uses Monero every day.
Still a global blockchain though with the associated throughput limits. You can't buy cereal with monero because you do that too often.
Wouldn't risk sending large transactions where everything is visible to others when compared to LTC or any other non-private virtual coins.
author sold his soul to marketmen
it's binary, thus 2^30
> a data rate of 10 Megabits per second
> Data rate: 10 Million bits/sec
RAM modules have to have power-of-two size for technical reasons. These reasons do not apply to telecom, magnetic storage, etc. Has nothing to do with "binary".
It is hilarious.