I wish for Lemmy Gold hoo boy
Could donate to OP’s instance. More useful than reddit gold ever was that way.
A button for that would be pretty neat.
Yep, people will throw hundreds if not thousands of dollars at big tech giant for random useless cosmetic stuff. Using this late stage consumerism drive for actual good is honestly the best solution. This is not sarcasm. I actually lost faith in the fight against Hyper-consumerism.
idling
With how much power proof of work takes it’s more like putting a brick on the gas pedal in park
True, but this post is quite old. It predates people started building specialised hardware and buildings expressly for the purpose of producing maximum Proof of Waste. It might even predate the GPU shortages. So I guess putting the brick on the pedal wasn’t as popular yet.
apt 😂
The value of mining is in permanent recording of people’s current heroin transactions. The bitcoin you get is the reward for the service.
they real story is more interesting. it’s just a shame that the incentives were aligned a bit askew. people gonna people.
… in that it wasn’t a scam from the beginning…
Scammers just saw an opportunity later.
Yes it was, lol. By design it can only function as a ponzi scheme, the itention might have been something else behind it but that doesn’t mean it wasn’t a scam from the get go
