Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)

[Blotto 24,011]

1 hour ago, Pam Cummings said:

And if(when) big vladdy finds out you participated, off to the gulag you go.

Quote

Users will need to download the Russia2024 app and prove their citizenship by scanning their passports with their phones. The passports have a biometric chip that the tool uses to confirm the voter's identity and facilitate an anonymous vote. If a person doesn’t own a smartphone, a single phone can be used as a shared voting machine.

Voting will be allowed for about two weeks, and the backers behind the tool are “sure” it is a secure way to vote and that voters don't need to fear repercussions.

 

[bernorange 8,385]

3 hours ago, Captainant said:

 $20 in gas fees to register a vote that doesn't matter?

Arbitrium is a layer 2 blockchain built on top of Ethereum.  Arbitrium gas fees are negligible:

https://arbitrum.dex.guru/gastracker

0.01 GWEI = ~$0.007 (seven tenths of a cent)

 

[bernorange 8,385]

Quote

... using Rarimo’s Freedom Tool, which will use the Arbitrum blockchain and zero-knowledge cryptography, making voters' identities untraceable. ...

Quote

Freedom Tool is a Rarimo-built open-source software for citizen-run, anonymized elections and polls. It has solved the long-standing technical challenge of enabling digital identity checks while also protecting citizens from tracking. Anyone, anywhere, can use it to build voting systems outside of state apparatus. This will provide safe outlets for silenced people to express dissent and is part of a broader effort to embed privacy into the digital world.
...
With Freedom Tool, citizens prove their eligibility by scanning their biometric passports with their phones. Freedom Tool verifies the data on the NFC chip inside the passport and after confirming that it is legitimate issues an anonymous voting pass. The citizen then uses this pass to cast their vote.

Zero-knowledge cryptography is used to sever any link between the voting pass and the passport data so that the two cannot be paired. When the ID and the voting pass cannot be paired, neither can the citizen and their vote.

Privacy is further ensured by the fact that it is only the voting pass that interacts with any external voting apparatus. The passport data never leaves the mobile device used for scanning. This means that the data never passes through a server, and that there are no points where it could be intercepted.

Freedom Tool uses blockchain to protect votes from rigging. All votes are published directly onto the blockchain where they are both tamper-proof and publicly auditable.

A more detailed technical description can be found here in the White Paper.
...

https://rarimo.medium.com/introducing-freedom-tool-15709e9eaa73

Derp!

[Howlin wolf 133]

 

 

[MonkeyDoughnut 10,803]

On 5/10/2024 at 3:36 PM, bernorange said:

Arbitrium is a layer 2 blockchain built on top of Ethereum.  Arbitrium gas fees are negligible:

https://arbitrum.dex.guru/gastracker

0.01 GWEI = ~$0.007 (seven tenths of a cent)

 

Put the guy on ignore, he's only in the thread to shit on it. He adds no value here.

[Howlin wolf 133]

Regulatory fight picking up steam. Good to see Senators from each party addressing this.

 

 

[bernorange 8,385]

This might be cool:

 

[Howlin wolf 133]

CPI print more or less in line with expectations has the market in general feeling good about rate cuts this year. BTC up 8% today. $66,500. 

[Captainant 28,508]

https://arstechnica.com/tech-policy/2024/05/sophisticated-25m-ethereum-heist-took-about-12-seconds-doj-says/

I guess code ISNT law, and law is still law

[bernorange 8,385]

It sounds like they set up validator nodes to implement a MEV scheme.  What I'm curious about after reading that report is why they only let the scheme run for 12 seconds.

See 2 posts here (linked post and the following post) for more details on MEV schemes:

https://www.pmbug.com/threads/ethereum-eth.7221/post-81772 

[MonkeyDoughnut 10,803]

Spot...

Guess the avalanche is starting

[lucious leftfoot 126]

This is interesting. Biden has already threatened to veto this resolution. In spite of that, 10Ds including Chuck Schumer voted in favor. 

Sen Lummis 1

Sen Karen 0

 

 

[bernorange 8,385]

 

[MonkeyDoughnut 10,803]

Damn... looks like it may actual happen ...

 

[Howlin wolf 133]

17 hours ago, bernorange said:

 

 

[Howlin wolf 133]

 

 

[B00M 6,729]

19 hours ago, Howlin wolf said:

 

 

I don’t know if that’s a positive indicator. At this point I’m surprised his campaign isn’t accepting donations in the form of broken appliances and soiled couches and telling his rally audiences about the socialist losers than run Goodwill. 

[bernorange 8,385]

 

[Howlin wolf 133]

1 hour ago, B00M said:

I don’t know if that’s a positive indicator. At this point I’m surprised his campaign isn’t accepting donations in the form of broken appliances and soiled couches and telling his rally audiences about the socialist losers than run Goodwill. 

It's a broader shift that's causing a reaction from the other side. 

 

My how the turn tables. It says they're opposed, but does not issue veto threat unlike the resolution voted on just one week ago.

 

They've seen some polling or something that has forced this shift. Seems that it is an actual issue to be concerned about in Presidential election year. I don't buy it though. I think they shift back as soon as election is done.

 

 

 

 

 

[bernorange 8,385]

 

[Nice Guy Eddie 13,725]

In an election year there is little upside in actively trying to alienate any group unless the opposite opinion treats the issue as a make or break vote. I doubt there is a big coalition of anti-crypto people who will vote solely based on this issue. 

[Howlin wolf 133]

1 hour ago, Nice Guy Eddie said:

In an election year there is little upside in actively trying to alienate any group unless the opposite opinion treats the issue as a make or break vote. I doubt there is a big coalition of anti-crypto people who will vote solely based on this issue. 

Well you can't say they didn't try. 

How it started. 

How it’s going

Sorry, Liz 

 

[Nice Guy Eddie 13,725]

How does childcare relate to crypto bills?

[Howlin wolf 133]

10 minutes ago, Nice Guy Eddie said:

How does childcare relate to crypto bills?

It's a short video. The next frame is 

Elizabeth Warren is building an Anti Crypto Army

[bernorange 8,385]

 

[bernorange 8,385]

I ran across this project the other day.  Could be interesting if it takes off:

https://www.atlasnavi.com/

Car navigation app that supposedly encrypts all your data while allowing folks to share info on road hazards.

[Howlin wolf 133]

On 5/22/2024 at 11:48 AM, Howlin wolf said:

They've seen some polling or something that has forced this shift. Seems that it is an actual issue to be concerned about in Presidential election year. I don't buy it though. I think they shift back as soon as election is done.

 

Dems are pro crypto. Just the wrong kind of crypto. Symbolic Cbdc vote down party lines. 

 

 

[Captainant 28,508]

https://www.reuters.com/markets/us/texas-power-demand-break-may-record-heat-wave-friday-2024-05-23/

Gonna be a hoot when crypto takes down the Texas grid

[Nice Guy Eddie 13,725]

24 minutes ago, Captainant said:

https://www.reuters.com/markets/us/texas-power-demand-break-may-record-heat-wave-friday-2024-05-23/

Gonna be a hoot when crypto takes down the Texas grid

They won’t take down the grid. All of us electricity bill payers will give them money to turn off their mining equipment. Thanks Greg.

[Howlin wolf 133]

24 minutes ago, Captainant said:

https://www.reuters.com/markets/us/texas-power-demand-break-may-record-heat-wave-friday-2024-05-23/

Gonna be a hoot when crypto takes down the Texas grid

Crypto miners here participate in demand response programs. When the demand is high they curtail usage and typically shut completely off. It's the concept of flexible loads. So at peak demand crypto will have zero responsibility for taking down the Texas grid. 

 

That's unlike a new player in energy demand.  AI compute is not a flexible load player. In fact, it will be the runaway energy usage leader soon if it isn't already. Larry Fink from Blackrock expects trillions in energy infrastructure will be needed for AI, so goodbye to net zero anytime soon. Turns out it's AI boiling the oceans. 

 

From the piece 

Analysts expect ERCOT electric use will top that all-time high this summer with economic and population growth in Texas and demand for power from data centers, artificial intelligence (AI) and cryptocurrency mining rising fast.

 

Again only one of those curtails. So better luck next time. 

[Howlin wolf 133]

Also Eth ETF approved. 

 

What a quick turnaround. Obviously a political decision. Rules or laws they were citing previously don't matter. Their supposed principles are irrelevant. Very Fiat decision making process. 

[Captainant 28,508]

43 minutes ago, Howlin wolf said:

Crypto miners here participate in demand response programs. When the demand is high they curtail usage and typically shut completely off. It's the concept of flexible loads. So at peak demand crypto will have zero responsibility for taking down the Texas grid. 

That taxpayer money should be going towards battery storage and distributed renewables deployments, not giving handouts to imported mining operations so they'll buy a long term power contract with private companies. 

[Howlin wolf 133]

12 hours ago, Captainant said:

That taxpayer money should be going towards battery storage and distributed renewables deployments, not giving handouts to imported mining operations so they'll buy a long term power contract with private companies. 

Why do you think Texas legislators chose Bitcoin miners over those options?

[Captainant 28,508]

4 minutes ago, Howlin wolf said:

Why do you think Texas legislators chose Bitcoin miners over those options?

Because they're whores for campaign donations, and their O&G buddies want a customer for all the gas they're producing? And there's a weird cognitive bias against renewables in general for Texas legislators. 

[Howlin wolf 133]

42 minutes ago, Captainant said:

Because they're whores for campaign donations, and their O&G buddies want a customer for all the gas they're producing? And there's a weird cognitive bias against renewables in general for Texas legislators. 

There's unlimited customers for natural gas. If you're referring to utilizing flared gas it has nothing to do with energy usage on the grid. 

 

Campaign donations? There's plenty of green energy money floating around. Put it to work. 

 

Bias against renewables? I thought Texas was a renewable leader and they're saving our ass or whatever the thread says. 

 

Not of your complaints make sense. 

[Nice Guy Eddie 13,725]

4 minutes ago, Howlin wolf said:

There's unlimited customers for natural gas. If you're referring to utilizing flared gas it has nothing to do with energy usage on the grid. 

 

Campaign donations? There's plenty of green energy money floating around. Put it to work. 

 

Bias against renewables? I thought Texas was a renewable leader and they're saving our ass or whatever the thread says. 

 

Not of your complaints make sense. 

The only complaint that matters is that Texas taxpayers/electricity bill payers shouldn't pay mining companies to not use electricity. I'm ok if miners want to be here but when electricity demand goes too high, they should be cut off without reimbursement. And I would understand perfectly if they wouldn't want to do business in Texas because of that.

[Captainant 28,508]

10 minutes ago, Howlin wolf said:

There's unlimited customers for natural gas. If you're referring to utilizing flared gas it has nothing to do with energy usage on the grid. 

 

Campaign donations? There's plenty of green energy money floating around. Put it to work. 

 

Bias against renewables? I thought Texas was a renewable leader and they're saving our ass or whatever the thread says. 

 

Not of your complaints make sense. 

Idk why you keep being let back onto the site despite your history of socks and trolling and disinformation across COVID and Ukraine, but just so your lies don't go unanswered:

Show me widespread instances of cryptofarms actually using flared gas. You keep touting it like a solution but it doesn't exist at the scale you're claiming credit for. There isn't "unlimited customers", otherwise it's price would be massively inflated from its current position. There's a glut of the stuff, and by paying these operations tens of millions in public funds to come into Texas it's providing a demand for the stuff and disincentivizing investment in renewables because "they aren't reliable enough for what the """market""" is demanding"

 

It's fucking absurd that public funds are subsidizing the fucking hash rate

Edited May 24 by Captainant

[Howlin wolf 133]

This is great.

[Nice Guy Eddie 13,725]

1 hour ago, Howlin wolf said:

This is great.

In the same speech, he also promised to commute Ross Ulbrichts sentence if he’s elected. Even though he had 4 years to do so before. He’s trolling for votes.

edit type.

Edited May 27 by Nice Guy Eddie

[TonyTexas 10,740]

35 minutes ago, Howlin wolf said:

This is great.

Very selfish to put your self-interest ahead of an entire country’s general well being. Ironic that you made this endorsement on a day that honors those who did the opposite. 

[Howlin wolf 133]

24 minutes ago, Nice Guy Eddie said:

In the same speech, he also promised to committee Ross Ulbrichts sentence if he’s elected. Even though he had 4 years to do so before. He’s trolling for votes.

Sure. That's what politicians do. They try to secure votes from different constituencies. A campaign promise is much more benign than other ways that are currently being pursued. 

 

The fact that he's on the record regarding self custody explicitly is noteworthy.

 

12 minutes ago, TonyTexas said:

Very selfish to put your self-interest ahead of an entire country’s general well being. Ironic that you made this endorsement on a day that honors those who did the opposite. 

I place a high value on financial freedom. That's what this is all about. The fact that Presidential candidates are having to take stances on this stuff is great. It's important to know where people stand. 

[bluto 4,995]

1 hour ago, Howlin wolf said:

Sure. That's what politicians do. They try to secure votes from different constituencies. A campaign promise is much more benign than other ways that are currently being pursued. 

 

The fact that he's on the record regarding self custody explicitly is noteworthy.

 

I place a high value on financial freedom. That's what this is all about. The fact that Presidential candidates are having to take stances on this stuff is great. It's important to know where people stand. 

You’re special. 

[B00M 6,729]

5 hours ago, Howlin wolf said:

Sure. That's what politicians do. They try to secure votes from different constituencies. A campaign promise is much more benign than other ways that are currently being pursued. 

 

The fact that he's on the record regarding self custody explicitly is noteworthy.

 

I place a high value on financial freedom. That's what this is all about. The fact that Presidential candidates are having to take stances on this stuff is great. It's important to know where people stand. 

You valuing Trump “on the record” ((at a campaign stop)) where he was repeatedly booed and looking for any opportunity to win the crowd, says a lot about you. 

[Howlin wolf 133]

1 hour ago, B00M said:

You valuing Trump “on the record” ((at a campaign stop)) where he was repeatedly booed and looking for any opportunity to win the crowd, says a lot about you. 

Wow. You really know the whole play-by-play to this speech? I take it all back. Puhleeze. 

As the price pumps through the rest of the year he'll be leaning more into it as well. 

It's ok. You can think it’s insignificant. I think it is significant. 

Why don't you go watch some more manbun videos?

 

 

 

[Howlin wolf 133]

 

4 hours ago, bluto said:

You’re special. 

💅🤗

[B00M 6,729]

48 minutes ago, Howlin wolf said:

Wow. You really know the whole play-by-play to this speech? I take it all back. Puhleeze. 

As the price pumps through the rest of the year he'll be leaning more into it as well. 

It's ok. You can think it’s insignificant. I think it is significant. 

Why don't you go watch some more manbun videos?

 

 

 

Your dumb fuck blow hard is losing again

[Howlin wolf 133]

22 minutes ago, B00M said:

Your dumb fuck blow hard is losing again

Ok

Maybe. Maybe not. 

If that's the case then it would be bad news for bitcoin/crypto and hard money in general. 

In any case,

 

[B00M 6,729]

You genuinely think orange man is better for cash, gold, crypto? They’ve all done fine to great under Biden. What’s he going to do?

[bernorange 8,385]

23 minutes ago, B00M said:

... cash, gold, crypto? They’ve all done fine to great under Biden. ...

I don't care about y'alls pissing match, but wow... You apparently have not been paying attention.  Biden admin has been prosecuting Sen Warren's war on crypto up until someone finally woke up and told them this issue could cost them the election a week or so ago.  The war on crypto and the war on cash both are/were designed to pave the way for a CBDC. 

Gold doing well is not a credit to Biden.  It's an indictment of American foreign policy and monetary policy. 

[B00M 6,729]

How has warrens war manifested itself? The IRS was interested in crypto as early as 2014 but reporting requirements have seemingly increased every year. BTC ETFs are now well established and ETH ETFs are here now too. If Warren is waging a war, it seems she’s losing or has little influence. 

I see now that orange man has dabbled in ethereum (not sure how he acquired it, if he still hodls it, if he paid taxes on it, etc). The republicans seem to be embracing crypto but I struggle to trust they won’t fold like cheap suits as the dollar comes under more and more pressure in the coming years

Edited May 28 by B00M