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I’m not claiming that. It would still be environmentally ruinous (insofar as the energy production where miners live remains ruinous, which I guess is the foreseeable future) but at least the PoW would be actually contributing to tasks we wanted to do anyway that require large amounts of work. Hence the heavy emphasis on ‘somewhat’. I’m not saying it would be justified, but it would be far far far more useful to society.

Incidentally, why characterise non-profit medical research as “for Science!™)”? I hope we can both agree that understanding the human body is valuable to society and curing disease.

and state that such applications theoretically DON’T need Bitcoin or related blockchain monetization at all?

There are cryptographic requirements for securely conveying the necessary information for that application, an application that requires extremely limited identity and trust and centralization. I can’t think of an alternative covering those requirements that is plausible right now and not pure what-if (there is a big jump in feasibility between ‘change the proof of work algorithm’ and ‘invent an alternative to cryptocurrency’). If we can find an alternative to expensive PoW, wonderful!

Yes, if those requirements are relaxed, there are alternatives. If you’re fine with PayPal storing your personal and financial details and those of the recipient and exploiting you a little bit, then it’s an alternative. If your recipient is fine giving personal information, speed isn’t an option and you live in a country where sending cash in mail is legal and won’t get stolen, that’s an option. Of course, this all goes to shit if you’re trading with someone in a sanctioned country.

There’s not really any trickery.

(X)

Alright, what about Bitcoin is fraudulent? We agree it’s bad, but that doesn’t make it fraudulent (i.e. a scam)

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Agreeing with the parts re: net negative. No, I don’t invest in cryptocurrency; like I said, investing in them is a scam.

Let’s start with the actual fucking fraud done with it

Fraud is done with basically anything considered to have value. Cash, credit, signatures, votes, wine, wires, mail, licenses, taxes, recorded age. Fraud is the scam! And cryptocurrency is especially useful for scamming (has the anonymity of cash without the physical restrictions). But that’s not it’s purpose or main use. That’s not spiting hairs, it’s calling the hat the head. Your example of encrypting ransomware used to be done with the postal service, floppy discs and cash in the 90s. One example from 1989

edit: this of course is an advantage of non-transferable labour vouchers!

Sea lioning

That’s not what sea-lioning is. Someone asked us to name some scams, you said cryptocurrency, I disagreed that it qualified as a scam, you replied that you doubted my disagreement and I asked for clarification. If either of us wants to stop, we stop. Sea-lioning is stalking across the site like a debate pervert, it’s not replying to replies.

I’m not just running my mouth here, I’m evaluating my understanding of cryptocurrency and finding disagreements to make me question them. And also seeing if I’m able to have a constructive conversation - it’s good practice for real labour conversations in the workplace.

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And the forks!

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