> I think the only law required here is "do something useful for real people"
It did something useful for the Venezuelans. But you don't care about that because, why? Because you made up a story in your head that someone somewhere probably scammed everyone, somehow? And even with complete transparency and a publicly auditable ledger, they've kept it a secret for years?
All publicly available information points to the project being a success. Is there even a shred of evidence for your accusations? Or do you not need evidence to ignore events that don't fit your worldview?
This is obviously false. Just look at the transaction rates on the publicly available ledger.
And: Moneygram has all but publicly admitted that crypto remittances have grown large enough that it's affecting their core business, and they're trying to re-insert themselves as a middleman. https://my.linkedin.com/posts/moneygram-international_moneyg...
The naive routing complexity is quadratic, yes. GPS routing is also quadratic. So is IP routing. But practical implementations use heuristics to decrease that complexity. In practice, you just need a good enough path, not the theoretically optimal path. The internet and lightning are still working fine as we speak.
> It's literally down 60% from a year ago
Bitcoin's current MVRV is 1.457[1], meaning the average holder current has a 45.7% profit. I guess if you cherry pick a high and low price you can imagine some losses, but anyone could cherry-pick numbers in the other direction too.
The 45% profit is nice, but for those living paycheck to paycheck it unfortunately isn't a huge help since many people wouldn't have been holding long enough for the gains to accumulate.
Petro is an attempt at embrace-extend-extinguish. If that "Reception" section is to be believed, nobody is using it willingly. Do you have evidence to the contrary?
Look under "NiceHash-able", if the number is less than 100% it means (to an approximation) not enough idle hardware exists on the planet to perform an attack. This means any attack must start with a manufacturing project that must stay secret for a decade+, then outpace growth and eventually surpass the capacity of the private sector. And then you need the energy to actually run the chips - no country would ever consider diverting that much energy away from their population.
If it were possible to compromise a $xxx billion dollar system, with only $x million, don't you think it would have been done by now? Maybe even by some bored billionaire just for fun?
And trust me, I don't think posting in a dead HN thread will speed up or slow down crypto's success in any way, lmao. I just enjoy the banter.
> I think if people have working mobile phones then they're able to be sent electronic cash without a p2p system. Indeed, more easily than having a VPN and relevant skills to received crypto assets.
Spoken like a true first-world armchair warrior. Maduro shut off the non-p2p systems, as dicussed. He then failed to stop crypto payments. Do you think it was his "preference" all along to fail to control the flow of money?
Don't underestimate people's ability to figure out a VPN. It's not hard, and the prospect of literally starving to death can be quite motivating.
And since you mentioned magic, the real magic would be any country stopping its citizens from accessing the internet. Even in North Korea, there are people with unfiltered satellite internet, because Kim Jong Un has not yet built a Faraday cage around the sky.
Maybe instead of saying what people should and shouldn't be doing, you should ask yourself why they're using it anyway despite the obvious downsides.
Lightning fees are less than $0.01 - much better than the alternative of $20 for cashing a check. And the volatility is a small price to pay for financial control, for someone who (with good reason) doesn't trust banks or the government that's failing them.
Actually the easiest way the government could kill crypto would be to get rid of the corruption and help those "undesirables" with their problems, instead of making them fend for themselves. I'm not holding my breath, but in a way I hope that happens.
You're right, this is a job for the government... but the government isn't solving the problem. "Let's just" have the government do their job. Call me when that happens.
While we sit around waiting, the private sector stepped in with a (interim?) solution. What's wrong with that?
Under-banked does not mean they have no money. They obviously have some money or they would starve. Many live paycheck-to-paycheck and give 3% of their wages to a check cashing service. If it were as easy as you seem to think for them to get a bank account, those check cashing businesses all around the country would not exist.
If there's a difference I'm open to someone citing a source quantifying it, but I won't quite be convinced by unsourced blanket generalizations that go against common wisdom
I'd live like this if I could. I did it for a good 5 years, and then my hands just stopped working. I tried coding by voice for a while, that lasted for a year, then I lost my voice. Now I code for at most an hour a day, until the pain sets in and my fingers become too weak to press the keys, and I spend the rest of my hours on other things. I wish I had diversified my hobbies more when I was younger. But I'd also rather spend 8 hours a day coding for a lifetime, than 16 hours a day for just a few years, and then it's over. I have so many projects in my backlog that will never get built. Not sure why I'm even saying all this. Take care of your health.
WebGPU is a low-level interface close to the hardware. If you don't care about having control over those details, it's not the right API to use. You'd have better luck with either a high-level wrapper or something else like WebGL.
https://innocenceproject.org/dna-exonerations-in-the-united-...