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notwithoutmyanus posted:I have to say when I saw this I found it hilarious. Literally the most wasteful option. I mean there are even actual Bitcoin mining warehouses around the US that do try to focus on renewables but instead someone went "gently caress this earth let's mine some bitcoin" It may be interesting to compare the damage these butt mining operations do to the environment to the damage that ELF terror targets like SUV dealerships do.
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Jun 1, 2021 19:36
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https://twitter.com/MikeDorning/status/1399792424856207374 It's looking like cyberattacks may put pressure on the government to regulate cryptocurrency simply to make anonymous ransoms more difficult.
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Jun 1, 2021 19:47
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Arsenic Lupin posted:It's looking like cyberattacks may put pressure on the government to regulate cryptocurrency simply to make anonymous ransoms more difficult. That is not in any way "what it's looking like", no.
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Jun 1, 2021 19:54
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Arsenic Lupin posted:https://twitter.com/MikeDorning/status/1399792424856207374 Correct me if I’m misremembering but wasn’t there a GBS thread where goons were able to look at unsecured wifi camera feeds and people were noticing how shockingly bad security is around really important things? I vaguely remember something about a hydroelectric plant in South America basically leaving the digital door unlocked.
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Jun 1, 2021 20:09
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buglord posted:Correct me if I’m misremembering but wasn’t there a GBS thread where goons were able to look at unsecured wifi camera feeds and people were noticing how shockingly bad security is around really important things? I vaguely remember something about a hydroelectric plant in South America basically leaving the digital door unlocked. yeah, a lot of stuff was just straight up typing in the right address in your browser to see the camera feeds
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Jun 1, 2021 20:14
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Arsenic Lupin posted:https://twitter.com/MikeDorning/status/1399792424856207374 e: lol Spatial fucked around with this message at 20:57 on Jun 1, 2021 |
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Jun 1, 2021 20:18
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PookBear posted:yeah, a lot of stuff was just straight up typing in the right address in your browser to see the camera feeds You could google search parts of the address string and basically search by manufacturer that way it was so bad.
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Jun 1, 2021 20:36
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buglord posted:Correct me if I’m misremembering but wasn’t there a GBS thread where goons were able to look at unsecured wifi camera feeds and people were noticing how shockingly bad security is around really important things? I vaguely remember something about a hydroelectric plant in South America basically leaving the digital door unlocked. I remember a thread dedicated to watching some guy work in an office through his unsecured surveillance camera on another forum back in 2006 or so. They even invented a name for him.
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Jun 1, 2021 20:39
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Fame Douglas posted:I remember a thread dedicated to watching some guy work in an office through his unsecured surveillance camera on another forum back in 2006 or so. Nowadays it'd be another struggling twitch channel
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Jun 1, 2021 20:47
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Arsenic Lupin posted:https://twitter.com/MikeDorning/status/1399792424856207374 https://www.bloomberg.com/news/articles/2021-05-31/meat-is-latest-cyber-victim-as-hackers-hit-top-supplier-jbs is the actual article, instead of some guy's Twitter feed
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Jun 1, 2021 20:48
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John_A_Tallon posted:https://www.bloomberg.com/news/articles/2021-05-31/meat-is-latest-cyber-victim-as-hackers-hit-top-supplier-jbs is the actual article, instead of some guy's Twitter feed B-b-but I’m literally unable to read a news article unless it leads with BREAKING:
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Jun 1, 2021 20:58
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tehinternet posted:B-b-but I’m literally unable to read a news article unless it leads with WATCH: Bitcoin slams USD in new
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Jun 1, 2021 21:13
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BRB, gonna go fill up some 55 gallon drums with beef.
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Jun 1, 2021 21:13
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Wifi Toilet posted:BRB, gonna go fill up some 55 gallon drums with beef. Yum, fermented meat.
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Jun 1, 2021 21:24
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catspleen posted:Oh yeah lol I just completely misread/my brain inserted something mildly competent or realistic like GWh Several orders of magnitude up. The BTC blockchain burns about 115 TWh of power a year right now.
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Jun 1, 2021 22:00
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Arsenic Lupin posted:https://twitter.com/MikeDorning/status/1399792424856207374 Some nerd created a “bit coins” 10 years ago and now it made me unable to get my car inspected for a few weeks earlier this year.
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Jun 1, 2021 22:05
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PookBear posted:yeah, a lot of stuff was just straight up typing in the right address in your browser to see the camera feeds Yeah. A lot of really poor security wasn't exploited nearly as badly as it could have been, because why would you want to bother with shutting down a local hospital or a slaughterhouse company? Those targets are too small for nation-states who want to cause trouble, and don't have the kind of prestige XXX_H4X0R_T34M_420_XXX is looking for when they are doing cracks. But now that cryptocurrency has provided a clear way to make money off these kinds of hacks, we are seeing them proliferate.
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Jun 1, 2021 22:09
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Liquid Communism posted:Several orders of magnitude up. I lurk this thread frequently to understand the anti-Bitcoin perspective, and I have to say I was surprised to see Nic Carter's writing referenced. Did you read the whole article? Nic is a well-known Bitcoin advocate and ironically the article is a good read for the open-minded skeptic.
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Jun 1, 2021 22:25
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It's several pages of "well, this number is bad, but it's not really that bad" because of a bunch of nonsense. "If you are one of the tens of millions of individuals worldwide using it as a tool to escape monetary repression, inflation, or capital controls, you most likely think that the energy is extremely well spent." That's...questionable. And the links aren't to cites that demonstrate the claim. (most of the links are to Venezuela, which is lololololol) "Many journalists and academics talk about Bitcoin’s high “per-transaction energy cost,” but this metric is misleading. The vast majority of Bitcoin’s energy consumption happens during the mining process." Yes, and? Mining butts and using it are one and the same, you idiot, because the blockchain requires it. That's a fundamental misunderstanding or a dishonest rhetorical sleigh of hand. The rest is ideological claptrap.
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Jun 1, 2021 22:41
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WillPac posted:I lurk this thread frequently to understand the anti-Bitcoin perspective, and I have to say I was surprised to see Nic Carter's writing referenced. Like the bit where he says that mining in central china is mostly produced with hydropower, and then a big coal mine shutting down lowered the global hashrate by 1/3? Yes, very good info produced by a bitcoin advocate that turned out to be bullshit. Just less bullshit than rando twitter info that was produced by putting completely imaginary numbers on a chart.
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Jun 1, 2021 22:43
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kw0134 posted:"If you are one of the tens of millions of individuals worldwide using it as a tool to escape monetary repression, inflation, or capital controls, uh repression and capital controls such as "don't spend money on child pornography and assasination"?
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Jun 1, 2021 22:53
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Code Jockey posted:uh Also ignoring all the multiple reasons why buttcoin finds itself in the news for unflattering reasons. it's a quote from a bitcoin apologist
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Jun 1, 2021 22:56
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i like how there can be "open minded" skeptics on bitcoins at this point. It has proven to be useless for it's intended purpose. It has proven to be extremely wasteful for no reason because it is useless. The only thing you can argue is that bitcoin will be worth money because people want to gamble with it. Are the terawatts of power being completely wasted for no reason supposed to be justified in some way? Justified so completely that doing literally nothing with it is preferable to literally anything else? It sure can't be because of Bitcoins utility or the specifics behind it's intended purpose because it objectively loving sucks at all of it and 100 different cryptocurrencies do everything better than bitcoin by design because they weren't rough draft white paper proof of concepts. If you think cryptocurrency has merit then one of the last ones you would pick is Bitcoin and if you are trying to figure out what merit bitcoin has because it's Worth Money then you are doing it wrong. However, buy bitcoin because it's the preferred coin of dumb money Rectal Death Adept fucked around with this message at 23:05 on Jun 1, 2021 |
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Jun 1, 2021 23:02
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Code Jockey posted:uh
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Jun 1, 2021 23:03
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Code Jockey posted:uh dont slander bitcoin theres no proof that any actual assassination has been paid for in bitcoin, its scams and feds all the way down
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Jun 1, 2021 23:04
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WillPac posted:I lurk this thread frequently to understand the anti-Bitcoin perspective, and I have to say I was surprised to see Nic Carter's writing referenced. in your own words, what is "good" about bitcoin?
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Jun 1, 2021 23:04
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punishedkissinger posted:in your own words, what is "good" about bitcoin? I'm not personally huge into Bitcoin, but I do think that there's a place for a trustless settlement system that isn't run by a central authority.
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Jun 1, 2021 23:32
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WillPac posted:I'm not personally huge into Bitcoin, but I do think that there's a place for a trustless settlement system that isn't run by a central authority. why?
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Jun 1, 2021 23:36
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WillPac posted:I'm not personally huge into Bitcoin, but I do think that there's a place for a trustless settlement system that isn't run by a central authority. For what goal?
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Jun 1, 2021 23:43
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Let me know when you get a trustless settlement system, because as it stands there's a poo poo ton of trust and centralization between trusting the exchanges and the centralization of mining power.
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Jun 1, 2021 23:48
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he said hes only invested a little in bitcoin
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Jun 1, 2021 23:51
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For me personally, it's a bit philosophical. The internet has connected all of us globally in a way that was never possible before, and these days we can communicate with virtually anybody, in any location. Ultimately, I believe there should be a method to transfer monetary value to one another that reflects this new reality. For me, Bitcoin represents a settlement system that is run by its own participants that can transfer value to virtually anybody, in any location.
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Jun 1, 2021 23:56
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WillPac posted:For me personally, it's a bit philosophical. The internet has connected all of us globally in a way that was never possible before, and these days we can communicate with virtually anybody, in any location. so does venmo? and you dont risk an exchange straight stealing it from you.
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Jun 1, 2021 23:57
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WillPac posted:For me personally, it's a bit philosophical. The internet has connected all of us globally in a way that was never possible before, and these days we can communicate with virtually anybody, in any location.
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Jun 1, 2021 23:58
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"trustless" """settlement"""
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Jun 1, 2021 23:59
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WillPac posted:For me personally, it's a bit philosophical. The internet has connected all of us globally in a way that was never possible before, and these days we can communicate with virtually anybody, in any location. Just use venmo? Or any online money thing? bitcoin isnt the only "money, but internet" out there
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Jun 2, 2021 00:00
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WillPac posted:For me personally, it's a bit philosophical. The internet has connected all of us globally in a way that was never possible before, and these days we can communicate with virtually anybody, in any location. So where do you see the guy that’s printing 5 billion dollars of new tether a month in all of this vision of yours? I guess it wouldn’t be a currency of the Internet if it wasn’t a huge scam.
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Jun 2, 2021 00:01
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you need like a massive farm to have any chance of mining a bitcoin now right?
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Jun 2, 2021 00:03
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You can get a little centralization, as a treat.
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Jun 2, 2021 00:03
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Nessus posted:Why Bitcoin in particular? All these other cryptocurrencies seem to do everything Bitcoin purports to do much better - still wasteful, but far less so - with the one difference being "they do not make established hodlers richer in fiat-denominated figures". Again, I'm really not a big Bitcoin guy, but I'm happy to share my opinion. Long story short, I believe that the energy consumed by the Bitcoin network is what gives the virtual "coin" value. Anyone can make a proof-of-stake coin and print the coins at the money machine in hopes that others will find it valuable later on. Proof-of-work is different because it requires significant physical infrastructure in the real world (ASIC machines, energy costs, warehouse rent, etc.) and those real world ties are what gives it value to me. In my ideal world, I would prefer if all of the hash power were more evenly distributed throughout the world and that all energy came from renewable sources. I also think there is only room for one proof-of-work blockchain and that should be Bitcoin as they already have the infrastructure set up. I also accept that's just my perspective and opinion and I respect those that see no value in Bitcoin as well.
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Jun 2, 2021 00:10
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