Post APWKYh8HujEfgWUp0a by rytger@poa.st
(DIR) More posts by rytger@poa.st
(DIR) Post #APMe0i6EM90L43CwEa by ueber@poa.st
2022-11-07T15:17:16.754451Z
22 likes, 8 repeats
CEOs of the two biggest crypto exchanges threatening to dump the coins of their opponent to crash its value> this means the value your stupid crypto coins are directly correlated to the behaviour of petty grifters who got rich by copying and pasting code
(DIR) Post #APMeZiLVQqbDxp2mJc by Godcast@poa.st
2022-11-07T15:23:36.173126Z
0 likes, 0 repeats
@ueber This is amazing. God help me, I love the internet
(DIR) Post #APMee7rsU1hoHHHzAu by white_male@poa.st
2022-11-07T15:20:01.357669Z
0 likes, 0 repeats
@ueber Are they too stupid to play hard ball against blackmail?
(DIR) Post #APMee8QGQBD9zvNRlw by ueber@poa.st
2022-11-07T15:24:23.880029Z
3 likes, 0 repeats
@white_male it seems the FTX guy is bluffing. the value of his company seems to be propped up by the value of a coin he literally made out of thin air.
(DIR) Post #APMepsduuqhIX5Md7o by teknomunk@pl.polaris-1.work
2022-11-07T15:25:57.848074Z
0 likes, 0 repeats
@ueber That the exchanges are in a position to do this at all is a system weakness that should be eliminated.
(DIR) Post #APMf4mzqBvG7MejBa4 by moomin@poa.st
2022-11-07T15:29:13.068709Z
2 likes, 0 repeats
@ueber >the value your stupid crypto coinslike the value of everything elseyou're just distrusting of it because you don't understand it, and likely lost a bunch and are salty.would you rather prefer some fiat manipulation which happens every single day? at least you are used to the manipulation there, right?
(DIR) Post #APMf65DluxwAB1rROy by laurel@freespeechextremist.com
2022-11-07T15:29:27.569024Z
1 likes, 0 repeats
@ueberc74e7dcea792a8046ef39e0f31fe847ad70769ade2fdc7f0bc0b6d9403c7ea70.png
(DIR) Post #APMf6N97H0uNlnoye0 by grey@poa.st
2022-11-07T15:29:30.148146Z
6 likes, 0 repeats
@ueber Can't wait till someone sues twitter because parody accounts cause financial losses from fucking around like this.
(DIR) Post #APMfH5ZIy0OURJBGeO by ueber@poa.st
2022-11-07T15:31:26.644826Z
0 likes, 0 repeats
@moomin BNB and FTT are stupid coins and if you own them thinking they'll make you rich you are also stupid
(DIR) Post #APMfJl0Hsn19Wm4e7E by WashedOutGundamPilot@poa.st
2022-11-07T15:31:55.198027Z
3 likes, 0 repeats
@grey @ueber Remember the kid who hammered costco’s stock price with that fake tweet about their hot dog prices rising
(DIR) Post #APMfdlA50NdXoEByXA by moomin@poa.st
2022-11-07T15:35:32.417257Z
0 likes, 0 repeats
@ueber im not married to any coin, i just like to see line go up. whatever happens outside of line go up, is not really important. these aren't sports teams that you should become a fan of.
(DIR) Post #APMjDypDytbKTQOrtQ by caekislove@gleasonator.com
2022-11-07T16:15:41.126905Z
1 likes, 0 repeats
ponzi schemes recognize ponzi schemes
(DIR) Post #APMkP2b0OzsFJ8aTeS by ueber@poa.st
2022-11-07T16:28:54.305059Z
1 likes, 0 repeats
@moomin the point of this poast is to highlight the inherent risk that comes with any coin which was created by a venture capital funded start up. this applies to every project except Bitcoin, which is truly decentralised and thus incredibly interesting as an alternative to the current fiat system. BNB and FTT are parodies of the existing fiat system. > Ethereum is for pedophiles.
(DIR) Post #APMkQfQtUcnY31dKPg by Rwoeidk@poa.st
2022-11-07T16:28:36.798874Z
1 likes, 1 repeats
@ueber tbf all money is under the control of retarded gay nerds with the petty ego of a 14 year old girl
(DIR) Post #APMqm3xU6Myjv2SkOO by anonymong@poa.st
2022-11-07T17:40:17.836499Z
0 likes, 0 repeats
@ueber that's not sam it's a fake account
(DIR) Post #APOC82ukLgs10AnOYC by ueber@poa.st
2022-11-08T09:14:17.162059Z
0 likes, 0 repeats
@moomin LBRY coin now deemed security (because it is!)ETH is next.> Buy Bitcoin :bitcoin:
(DIR) Post #APOcDslNbJRo43rFui by moomin@poa.st
2022-11-08T14:06:40.223139Z
0 likes, 0 repeats
@ueber yes and I deem the SEC to be a kike nest. the SEC doesn't matter. they can write whatever they feel like on a piece of paper and crypto will wipe its ass with it. they can only control on and off ramps, and fuck all else. The more they clamp down on on and off ramps the more it validates crypto and its price. the monero guys were right all along. LBRY should have approached this like monero, instead of some california faggot legal startup. this is a good thing and will wake naive fuckers up to the fact that pretending to run a crypto project like a legal business is deluded, and in truth you will be treated like a literal pirate because of the fact that they cannot control you. remember they can only seize your funds if you present yourself like a crypto celeb and show off to everyone who and how wealthy you are. Here's a further lesson. crypto dudes who show off their wealth are retarded. You should pretend like you have nothing and you are poor and live simply but indefinitely. buying anything that has paperwork puts eyes on you for no reason. implement grey man theory. blend in. don't draw attention.
(DIR) Post #APOglnHGu050iJCWB6 by ueber@poa.st
2022-11-08T14:57:37.220347Z
1 likes, 0 repeats
@moomin as long as there is a company backing a coin, it is vulnerable to becoming corrupted by the same forces which control the existing fiat system.> Ethereum moved to Proof of Stake because the Ethereum Foundation wanted to comply with ESG and now vitalik and his cronies are making a fortune off validating blocks with their ever-growing stacks. Those large validators can easily update software to prevent certain transactions being validated if the US government leans on them. > Polkadot, Cardano and other Proof of Stake coins have exactly the same problem as Ethereum. On top of the PoS issues mentioned, these ecosystems encourage so much unnecessary activity to bring in new bag holders that the chains are already so bloated that they can only be run on commercial servers - again defeating the point of crypto being robust and decentralised.Out of interest, which crypto projects do believe in long-term and how is your portfolio balanced?
(DIR) Post #APOjICzX2AGtdfUHwm by moomin@poa.st
2022-11-08T15:25:53.224656Z
0 likes, 0 repeats
@ueber remember each update is in reality a fork. and if a gov update is pressured, we just move back to the old leg of the fork, like what happened with proof of stake... the eth proof of work chain is still going regardless. people are going to mine eth on gpus regardless of PoS utopians jacking off about it. but eth is just one player of many. im not married to any coin. anything can change. i like what makes the line go up. there should be asic and gpu resistance built into the algo like monero. the function is to validate on commonly and easily available hardware, not to make you rich because you bribed the GPU factory in china to presell you a container of RTX4090 GPUs before they were released.i believe in the opsec and goodwill i see in devs. btc, monero and a few others in defi. things change constantly. you gotta buy amounts in projects very early on and every 1/10 will pull through with an 800x. Then regroup back in btc/monero/etc.the biggest reason for each bull market is GPU releases on each nanometer node. The RTX4090 is already sold out. RTX4080 is dropping in Nov 16. AMD RX7000 dropping in Nov 16 as well. They are nearly all pre sold out as well. Why? because of the massive leap in hashrate performance/power. There is going to be another bull run. Get ready. Also all 5nm/3nm SHA256 ASICs use the same tech as GPU shaders/memory (literally copied from GPUs, but specialized to SHA256), meaning they are reliant on GPU releases. Expect an awesome year end, either 2022 or 2023. If you can get your hands on an RTX4090 now, I suggest doing it.
(DIR) Post #APOjtSaa0OsEjDZylM by ueber@poa.st
2022-11-08T15:32:36.921130Z
0 likes, 0 repeats
@moomin Are you suggesting that in the future, people who hold ETH will sell it for ETHW when validators start censoring transactions?also: what is happening to all the GPUs that used to mine ETH?
(DIR) Post #APOjwL9U72YiX1HMsi by MadDog23@poa.st
2022-11-08T15:03:48.950085Z
0 likes, 0 repeats
@ueber @moomin I fell for the nervos meme
(DIR) Post #APOjwLgS8SvkBGhhGi by moomin@poa.st
2022-11-08T15:33:08.116057Z
0 likes, 0 repeats
@MadDog23 @ueber it could still pull through. the thing is when the profitability of ASIC GPU hardware drops each time as they age after the few months of profitability, the price drops for all defi projects each time and all the projects who had a future get reeled back in. its a cycle against the nanometer node of released hardware. And even if these pos coins think they are insulated against pow, they still fully live in this pow context. people only buy pos when the pow is on a bull run. If you are in deep on nervos, I'd suggest holding and hoping for a return next bull run, you could recover.
(DIR) Post #APOkJyDN2p92LJMepc by ueber@poa.st
2022-11-08T15:37:24.705793Z
0 likes, 0 repeats
@moomin @MadDog23 market cap of ETC is 2.5 billion more than ETHW but the price didn't shoot up after the merge which suggests the ETH miners didn't hop over onto either of those forks. where did the GPUs go? out of crypto?
(DIR) Post #APOkU5KTRoNZIuVgS8 by moomin@poa.st
2022-11-08T15:39:14.258881Z
2 likes, 0 repeats
@ueber likely. old GPUs just become unprofitable and get sold to gamers used on ebay. the thing is nvidia/amd/intel have realized that there is money to be made in withholding gpus, so what is happening is that they now mine for a few months on a process node before commercially releasing, meaning that nvidia/amd gets the biggest slice of the profitability pie each process node. you may think those companies make hardware for consumers but this in truth the old stuff they sell to consumers as a hobby and old stuff on clearance to recoup some money. their main focus and where the money is, its servers and crypto mining. yes you read that right, there are thousands of cards mining for nvidia/amd for months already before any consumers saw them. the fact that these cards can also play games is just an extra feature to be honest.
(DIR) Post #APOkiWecePI06ZoucC by moomin@poa.st
2022-11-08T15:41:50.915687Z
0 likes, 0 repeats
@ueber @MadDog23 it depends on how much you pay for power. if you get power for free by the megawatt in an electrified mine shaft, then it might be worth keeping those old cards mining other algos. otherwise sell them to gamers.
(DIR) Post #APOkwk9bFwXk1m5aiG by moomin@poa.st
2022-11-08T15:44:24.513960Z
0 likes, 0 repeats
@ueber @MadDog23 let me tell you a trick for heating in winter. GPUs in the basement that mine even if they are older is much cheaper than a gas furnace or electric hvac. let that 7-10KW you are dumping into the air do something instead.
(DIR) Post #APOl2AZ4UMYzO4ag40 by ueber@poa.st
2022-11-08T15:45:23.519082Z
1 likes, 0 repeats
@moomin @MadDog23 yeh i've seen some brilliant ASIC miner heating set ups, mostly in Canada
(DIR) Post #APOlDYumIPQ45qAyum by ueber@poa.st
2022-11-08T15:47:27.528523Z
1 likes, 0 repeats
@moomin @MadDog23 it's the best way to accumulate anonymous Bitcoin
(DIR) Post #APWKLfc8FV0bD6FFLc by rytger@poa.st
2022-11-12T07:24:04.795918Z
0 likes, 0 repeats
@ueber @moomin >which crypto projects do believe in long-termmedium.com/kadena-io/how-to-scale-a-proof-of-work-blockchain-9233e5b4b62
(DIR) Post #APWKYh8HujEfgWUp0a by rytger@poa.st
2022-11-12T07:26:26.021020Z
1 likes, 0 repeats
@ueber @moomin >ASIC minedMeans a new project can't be attacked by existing GPU/CPU mining farms
(DIR) Post #APWcFLcJU0uSczSrSq by ueber@poa.st
2022-11-12T10:44:37.461771Z
1 likes, 0 repeats
@rytger @moomin That would make personal node maintenance impractical due to the size of the combined blockchain. On chain transactions need to stay as they are. Layer 2 solutions make sense though. Lightning for example.
(DIR) Post #APWfcvUoYFicQZtLnM by rytger@poa.st
2022-11-12T11:22:30.245642Z
0 likes, 0 repeats
@ueber @moomin I know one of the founders have ranted against the idea that you should be able to run a full node on your smart phone, or you might as well use AWS and paypal. (vague paraphrase)You can currently run Kadena nodes on FLUX, which is a decentralized cloud service.
(DIR) Post #APWlkfO8vFoaVpqT7g by ueber@poa.st
2022-11-12T12:31:07.944808Z
1 likes, 0 repeats
@rytger @moomin People need to be able to run Bitcoin on their personal computer. That’s a core tenet of the protocol. Any compromise on that will destroy the project. Flux might be decentralised but you’re still using someone else’s server instead of your own.
(DIR) Post #APWpZndOK7gQia3F2W by rytger@poa.st
2022-11-12T13:13:59.366271Z
0 likes, 0 repeats
@ueber @moomin I'm too old to learn how to run a server. Happy leafing that to people like graf
(DIR) Post #APXApkVDpiaEfxg1Pk by moomin@poa.st
2022-11-12T17:12:10.500474Z
0 likes, 0 repeats
@rytger @ueber asic/gpu resistance should be built into an algo, like monero.
(DIR) Post #APXWhDN9KBd4bDEirw by ueber@poa.st
2022-11-12T21:17:08.643526Z
1 likes, 0 repeats
@moomin @rytger One of the reasons Bitcoin is so secure is because of the amount of electricity used in mining. If mining was done with CPUs it would take a lot less electricity to set up a 51% attack.And for what benefit? There would be many more solo miners which would make the mining process less centralised but is that worth the security trade off?
(DIR) Post #APXWtVKgNIQHmDwVoe by ueber@poa.st
2022-11-12T21:19:21.878448Z
1 likes, 0 repeats
@rytger @moomin Yeh for shitpoasting I don’t mind leaving that to graf but I’m not going to rely on a 3rd party server when moving my life savings across addresses on a blockchain.