Re:Mozilla Foundation pausing cryptocurrency donations
by CryptoPunk on Thursday January 06, 2022 @09:35PM
(#29834072)
Blockchains are just starting. There are major innovations under development right now that will massively reduce the energy consumption, and increase the scalability, of blockchains, like zk-Rollups.
Re:Mozilla Foundation pausing cryptocurrency donations
by cuteboy19 on Friday January 07, 2022 @12:16AM
(#29835265)
Even if what you are saying is true, that will not solve anything for Bitcoin, which is the majority consumer of electricity for the crypto world
Re:Mozilla Foundation pausing cryptocurrency donations
by fsociety on Friday January 07, 2022 @12:42AM
(#29835413)
Bitcoin is like the steam engine. It will go away for things which are more efficient.
Re:Mozilla Foundation pausing cryptocurrency donations
by pibechorro on Friday January 07, 2022 @10:17AM
(#29840065)
It wont go away, it will become a protocol only incharge of high value security. All the daily micro transactions will take place in a second layer or in another crypto which can swap back and forth seamlessly.
Re:Mozilla Foundation pausing cryptocurrency donations
by fomine3 on Friday January 07, 2022 @01:20AM
(#29835670)
I wish so.
Re:Mozilla Foundation pausing cryptocurrency donations
by defaultprimate on Friday January 07, 2022 @12:57PM
(#29842311)
This is basically a verbatim quote from 2016/2017 when Microsoft, IBM and other tech giants were starting blockchain research divisions, all of which were dissolved by last year lol
Re:Mozilla Foundation pausing cryptocurrency donations
by Kye on Friday January 07, 2022 @12:05AM
(#29835178)
13 years is not just starting.
Re:Mozilla Foundation pausing cryptocurrency donations
by ostenning on Friday January 07, 2022 @06:34AM
(#29837893)
Common, just another 5 years of pump and dumps before Cardano is no longer vaporware and we can all justify its peak market cap being the same as BP at ~95 billion US dollars.
Re:Mozilla Foundation pausing cryptocurrency donations
by tim333 on Friday January 07, 2022 @08:34AM
(#29838881)
Top coins apart from Bitcoin and Tether are ETH, BNB and Solana and of those only ETH is proof of work and is trying to stop that soon.
Re:Mozilla Foundation pausing cryptocurrency donations
by SparkyMcUnicorn on Friday January 07, 2022 @02:04AM
(#29835963)
The first microprocessors started in the 70s. The internet started in the 80s.
Re:Mozilla Foundation pausing cryptocurrency donations
by samb1729 on Friday January 07, 2022 @05:34AM
(#29837489)
There were barriers to contributing to those efforts which simply don’t exist with this Web3 thing, so this vague implication falls flat if thought about. Orders of magnitude more individuals have the opportunity to meaningfully contribute to the advancement of the cryptocurrency space when compared to the early internet, without much (or any) need to wait for hardware innovations or military funding.
What is a good reason that cryptocurrencies have seen practically zero real-world adoption in the same approximate timespan that Twitter, Facebook, YouTube, et al managed to integrate deeply into our societies? And of course by adoption I don’t mean HODLing, I mean cryptocurrencies being used as the currencies they are claimed to be.
Re:Mozilla Foundation pausing cryptocurrency donations
by Kbelicius on Friday January 07, 2022 @04:02AM
(#29836804)
World wide web which, like cryptocurrencies, runs on the internet in its first 13 years had on it Amazon, Google, Facebook... 13 years seems plenty.
Anyway, yes, non-discriminating electronic money movement is a great product that improves the lives of many people. Blockchains are a very bad implementation of that concept and remove a lot of its potential value. If we are able to get some other one working, it's for the better.