Message from @LotheronPrime

Discord ID: 465683400335032332


2018-07-09 00:56:48 UTC  

I am so agaisnt digital mining

2018-07-09 00:57:04 UTC  

its basically fiat while burning real resources

2018-07-09 00:57:08 UTC  

so stupid

2018-07-09 00:57:17 UTC  

depends on what you are "mining"

2018-07-09 00:57:26 UTC  

I feel like all that computing power could be put to some use....

2018-07-09 00:57:31 UTC  

yeah some mining is for research etc

2018-07-09 00:57:37 UTC  

good old seti days, etc

2018-07-09 00:57:47 UTC  

like mining medical data to find cures or stella info to find new planets or something

2018-07-09 00:57:50 UTC  

and whatever that cancer genome one was

2018-07-09 00:58:11 UTC  

giving over your computer to research while you are asleep and getting some compensation for it that can go towards your healthcare doesn't sound too unethical.

2018-07-09 00:58:19 UTC  

security nightmare? perhaps

2018-07-09 00:58:25 UTC  

nah but then you're just shifting costs to electricity

2018-07-09 00:58:35 UTC  

and unless you made a net positive there

2018-07-09 00:58:45 UTC  

it wouldn't be worth it

2018-07-09 00:58:56 UTC  

someone is going to be eating up the electricity

2018-07-09 00:59:09 UTC  

either its a few supercomputers over a long period of time

2018-07-09 00:59:11 UTC  

yeah but YOU pay for the electricity YOU use so any credits you get

2018-07-09 00:59:13 UTC  

the problem is going to be confirming the data

2018-07-09 00:59:19 UTC  

or a few million computers over a shorter period of time

2018-07-09 00:59:21 UTC  

would have to account for that

2018-07-09 00:59:34 UTC  

I also think there is endless data to crunch

2018-07-09 00:59:45 UTC  

otherwise people can just make a client that tells the server ou mined loads of data which could be balls

2018-07-09 00:59:50 UTC  

"buuut I just don't know how it would work" you admit so, so sounds like LOTS of room for mistake. but the stakes are too high for an entire industry (and critical) to be at such high risk from such a wreckless policy or social experiement.... thats the problems w/ the inherent flaws of central planning.... guaranteed mismanagement

2018-07-09 01:00:07 UTC  

compensation is just roughly electricity + a small amount for healthcare

2018-07-09 01:01:02 UTC  

so enough to pay for tylenol in the hospital, got it 😛

2018-07-09 01:01:27 UTC  

so you can only ever really crypto mine with data you already know the answer to

2018-07-09 01:02:40 UTC  

better to trade crypto 😁

2018-07-09 01:02:45 UTC  

that would depend on your definition of mining.

2018-07-09 01:03:02 UTC  

I dont see a long term outlook for crypto

2018-07-09 01:03:10 UTC  

of any kind

2018-07-09 01:03:12 UTC  

I could be wrong

2018-07-09 01:03:14 UTC  

but I don't

2018-07-09 01:03:20 UTC  

blockchain is the more interesting technology

2018-07-09 01:03:29 UTC  

I just see it as wasteful of actual resources

2018-07-09 01:04:00 UTC  

crypto depends on enough people accepting it in exchange for goods

2018-07-09 01:04:20 UTC  

pewdiepies latest vid was actually pretty good

2018-07-09 01:04:41 UTC  

ya, itll just keep evolving to meet market demands and other requirements to use as a stable decentralized currency with more and more widespread use

2018-07-09 01:05:55 UTC  

the problem with blockchain is the ever increasing size of the chain in data storage

2018-07-09 01:06:07 UTC  

youtube is worse

2018-07-09 01:06:07 UTC  

with the next iterations of blockchain/crypto type tech and beyond

2018-07-09 01:06:12 UTC  

YT is worse lol