News for hackers. Stuff that matters.

doorman38

Re:The Crypto Backlash Is Booming on Monday February 07, 2022 @07:50AM (#30244091)
Have you ever studied the undersea cables running throughout the world for telecommunications (ie the internet)??

Do you have ANY idea how many there are in almost every country in the world (with backup links going to other areas)? What in the world are you talking about?? The internet is decentralized, plain and simple. Put it to you this way, let’s say you wanted to “take the internet down”, please (short of EMP attacking the entire planet - in which case we have way bigger problems than the internet obviously), how exactly would you do that. Seriously I’d love to know. See, I happen to have worked at major internet hubs throughout the world, and you would have to simultaneously take out hundred (again across the planets) in order to even slow down the internet.

Same principle goes for “truly” decentralized crypto (ie Bitcoin is the obvious example). Tell me, how exactly (even if you were the ruler of a major nation power) would you take either down? I’m dying to know…..

It’s impressive how ignorance spreads like wildfire. Do your homework people. Read. Do the actual math. Use your heads. What’s wrong with all you!?!?

Re:The Crypto Backlash Is Booming on Monday February 07, 2022 @07:33AM (#30243918)
Oh and by the way, I’m a publisher for 2600 magazine. I’ve written articles about Bitcoin (among others). The big feature Bitcoin article was in the past “Winter” edition. Don’t believe me? Send an email to the email address in the article…
Re:The Crypto Backlash Is Booming on Monday February 07, 2022 @07:31AM (#30243891)
That’s the best part - YOU DON’T! Makes no difference to me bud. Seriously. I’m not asking you to trust “me”, I’m asking you to look at the cold hard facts, that’s all. And if you don’t want to, that’s cool too. I’ll still be fine, just FYI.
Re:The Crypto Backlash Is Booming on Monday February 07, 2022 @07:23AM (#30243799)
Totally bro! Edison and Tesla were SO concerned about “scamming” money out of you (over a 100 years ago). That makes total sense….lol. Mind you they were rich AF too. That’s absolutely hilarious, I’m sorry.

But you’re right about NFT’s not being ETH’s fault by the way, on that I agree with you. But it still happened. By the way, why (like in all reality if being brutally honest) did we need to have NFT’s to begin with? The answer is we didn’t. People saw a “get rich quick opportunity” (even though very wrong), and went after it. That does not make it right or give it a real world use case, sorry, it really doesn’t.

Yet, on the flip side, I pay my rent, most of my utility bills, and basically all purchases (Amazon, eBay, Uber/Uber Eats, Airbnb, American Airlines, and about ten others that compromise about 90% of all them) with Bitcoin (BTC). And that takes me about 5 minutes. Is that not real world? If not, please enlighten me, what is then?

Re:The Crypto Backlash Is Booming on Monday February 07, 2022 @07:10AM (#30243693)
Notice a major keyword you used there - “Bitcoin”. Which we all know has a real world use case (several countries have made it their national currency for crying out loud), just as the example you gave with Wikileaks. Nobody could stop people sending it, period.

Everything else (and yes I’m even referring to ETH) is crap. It’s not truly decentralized, doesn’t have a REAL world use case (get real and be honest please), and don’t have anyone (or entity) “in charge” of it. Those are the major (among other) things that a real crypto is supposed to have by very definition.

Everything else is worthless (a “get rich scam”), and we all know it. And shame on those creating that crap, along with those gullible enough to buy them. Seriously, wake up. It’s just the hard cold truth, and we all know it.

Sorry to break it to most people, but apparently most don’t understand this “common sense” concept that is stupidly obvious in my opinion.

Even in the case of ETH (the undoubted #2 crypto), what would happen if Putin decided to go after Vitalik with all his might and the supper of the entire Russian government? You really think he’d stand a chance (and that’s assuming he’s a saint as well)? Again, wake up everyone. There’s a very good reason BTC has no “admins” or “chair board”, because nobody can corrupt it. Even the creator(s) of BTC were smart enough to not use their real names and lock themselves out of the system, and then disappear. They know what was coming. And now so should you. It’s really not complicated. There’s so many extremely powerful , rich, and ruthless people out there that stand to lose everything if this succeeds. You really Think they aren’t going to put up a fight?!? Get real. But that’s only if they know who to go after….