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The Continued Trajectory of Idiocy in the Tech Industry




It’s finally time to release my newest project: https://www.followthecrypto.org/

This website provides a real-time lens into the cryptocurrency industry’s efforts to influence 2024 elections in the United States.

#crypto #cryptocurrency #elections #USpol #lobbying

A screenshot of the front page of FollowTheCrypto.org, showing total amounts raised by crypto-currency focused PACs ($203 million) and amounts spent ($38 million). There are also graphs showing expenditures by political party, and expenditures by PAC. There is a list of the top elections influenced by crypto industry money, of the most highly-funded super PACs overall, and of recent expenditures by crypto-focused committees.


The Ponzinomics: When you pay money for nothing, and stash your nothing in a protocol with the expectation that it will give you a 20 percent yield—all you end up with is 20 percent of nothing.

#cryptocurrency



My brief notes on why I feel I have a complicated relationship with #cryptocurrency are here:

https://neilzone.co.uk/2022/02/i-have-a-complicated-relationship-with-cryptocurrency

They still hold true, I think, with even more weight on the environmental damage.

I still have a small amount of Bitcoin in a hardware wallet, but we don’t accept payment in cryptocurrency, and I doubt the wallet even has charge.


#LBRY closes shop after committing securities fraud with their #cryptocurrency

I always knew that there was something fishy about LBRY.

https://www.theguardian.com/technology/2023/jul/16/lbry-closes-odysee-cryptocurrency-tech-sec-fraud-extremist


I reckon it's time for another episode of the "Smashing Security" podcast, don't you?

This week #deepfake shenanigans strike users of troubled crypto firm #FTX, the perils of charging your electric vehicle, and is Microsoft’s takeover of Activision good news for video game fanatics.

All this and much much more...

Find @smashingsecurity in your favourite #podcast app or listen to the latest episode at https://www.smashingsecurity.com/299

#cybersecurity #cryptocurrency
Smashing Security 299: EV Charging risks, FTX, and an ancient apocalypse



Working on #cryptocurrency donation buttons. They will appear under posts by users who added crypto addresses to their profiles using "$" notation, as pioneered by @soapbox


"143 térawattheures (TWh) d’électricité par an, selon une étude de l’Université de Cambridge, soit 0,65 % de la consommation mondiale" #cryptocurrency

Mais promis on va faire avec du renouvelable.... ☠️

https://www.presse-citron.net/le-minage-de-bitcoins-consomme-plus-delectricite-que-certains-grands-pays/


I agree with the whole thread. I understand the appeal of "decentralized" currency, but proof-of-work #cryptocurrency is already a disaster on many levels, and proof-of-stake seems to be yet another wealth concentration scheme.

Having recently run across a couple people with avowedly left politics who support cryptocurrency I foresee a major public reckoning in the discourse. Personally I think crypto is ancap ideology in a very pure form (ie capital does whatever the hell it wants).


If you work with #Haskell you will inevitably get job offers to work on #blockchain and #cryptocurrency. Just say: No!


Today I realized that Proof-of-Work #cryptocurrency is yet another way to pin a currency's value on a corresponding physical resource, just like the Gold Standard was. As a result the sky-rocketing dollar price of Bitcoins isn't entirely speculative, the Bitcoin algorithm demands more work to mine any subsequent unit of currency, making it more valuable in dollars because of the invested resources. To me it seems like the limit to this system is when the resource supply won't be able to meet the algorithmically ever-increasing demand, just like why the Gold Standard was eventually dropped. I expect the Bitcoin value to plummet in such an event.

I'm no expert, though, feel free to prove me wrong!


An Ethereum contract I wrote has done over 100ETH (180,000 USD) of sales on #OpenSea in less than 24 hours :agoogletada:

I don't get a cut of sales (the artists do!) but I was compensated fairly for my work in valuable digital cards 😀

#Ethereum #Cryptocurrency