Re:SEC asks for emergency order to freeze Binance US assets ...
by rsynnott on Wednesday June 07, 2023 @10:28AM
(#36227213)
> like power consumption used by bitcoin which is solved with newer tech
To be clear, that is absolutely not solved for Bitcoin, which still wastes energy at a disgusting rate. Some crypto things have shifted to non-proof-of-work approaches, usually proof of stake, but Bitcoin is still pumping out more CO2 than many countries.
Re:SEC asks for emergency order to freeze Binance US assets ...
by GoblinSlayer on Wednesday June 07, 2023 @12:19PM
(#36228923)
You hope for regulation, but so far regulation protected the capital from responsibility.
Re:SEC asks for emergency order to freeze Binance US assets ...
by bostonsre on Wednesday June 07, 2023 @01:44PM
(#36230385)
Regulation would be the least bad approach I think. The current crypto currency direction is untenable currently with the massive amounts of fraud present.
Re:SEC asks for emergency order to freeze Binance US assets ...
by GoblinSlayer on Thursday June 08, 2023 @10:36AM
(#36242567)
It's not least bad in every aspect.
At least for me, my main concerns are with the seemingly short sighted libertarian implementations that don't take into account the bad actors of this world. I think there are definitely some issues with our current financial system, but I think its like democracy in that it seems to be the least bad solution. I wouldn't want to live in a world without regulation of our financial markets. It is too easy for people to defraud the little guy and for criminal organizations to prosper. Do you think there are solutions in newer technologies for those concerns?
I feel like both sides should be able to agree that there are pros and cons to the different technologies and use cases, that there are some that are better for the pro camp and less negative for the against camp. Maybe pushing harder to make the cream rise to the top could make these conversations less tribal and divisive?