Let's talk about Cryptocurrencies

[Mazrim]

Today in not so shocking news...

https://twitter.com/user/status/1567520707629694976

https://twitter.com/user/status/1567521279489499138

[Wastedyouth]

Lol.

How anyone can continue to get caught up in this ponzi scheme (and every single one, is one), is hilarious.

[PeteMoss]

Originally Posted by Wastedyouth

Lol.

How anyone can continue to get caught up in this ponzi scheme (and every single one, is one), is hilarious.

I read (probably in this thread so I'm just repeating someone) - that a some of the "investment" is from people who would be so annoyed that the dumb guy in their family (or work, or neighbourhood) who loves crypto could possibly get rich - that they end up buying up crypto just to avoid that situation.

[Enoch Root]

Originally Posted by PeteMoss

I read (probably in this thread so I'm just repeating someone) - that a some of the "investment" is from people who would be so annoyed that the dumb guy in their family (or work, or neighbourhood) who loves crypto could possibly get rich - that they end up buying up crypto just to avoid that situation.

Then they need to re-evaluate who the dumb guy in their family is

[JohnnyB]

Starbucks adopting web3.
https://waitlist.starbucks.com/#/landing

[PeteMoss]

Originally Posted by JohnnyB

Starbucks adopting web3.
https://waitlist.starbucks.com/#/landing

Read this mumbo jumbo and guess how popular this will be: https://stories.starbucks.com/press/...wards-members/

[Fuzz]

“Leveraging Web3 technology will allow our members to access experiences and ownership that was not possible before. Starbucks Odyssey will transcend the foundational benefits that our Starbucks Rewards members have come to love, and unlock digital, physical and experiential benefits that are uniquely Starbucks,” continued Brewer.

No, Brewer, please stop.

I wonder how long before it gets hacked? 6 hours? A week?

[Wormius]

Originally Posted by Fuzz

No, Brewer, please stop.

I wonder how long before it gets hacked? 6 hours? A week?

More like when will people become completely disinterested and it vanishes faster than the chantico.

[JohnnyB]

Wow, that's a lot of vitriol over a rewards program.

[afc wimbledon]

How's starbucks doing in Calgary incidently? in Vancouver they are disappearing faster than the Russian army

[monkeyman]

"Members can also purchase ‘limited-edition stamps’ (NFTs) through a built-in marketplace within the Starbucks Odyssey web app experience. Limited-edition stamps will be available for all members to purchase directly with a credit card."
This is really all web3 is. a big grift to try and monetize on something that should be free or even a value add to the customer. Not only that, but since its on the bloc, they can track it in perpetuity and continue to get paid if anyone ever tries to sell or trade them.

[JohnnyB]

Ha, I think it's cool that Starbucks is trying it out and I'm interested to see what they do with it. Why judge it before even knowing clearly what the implementation is?

At this point it basically seems like a rewards program and a collectibles program, but the details of it aren't all laid out.

[JohnnyB]

The ethereum merge is just about to happen. The merge will reduce eth's energy requirements by more than 99% and will apparently reduce the entire world's energy consumption by around 0.2%.

[afc wimbledon]

Originally Posted by JohnnyB

The ethereum merge is just about to happen. The merge will reduce eth's energy requirements by more than 99% and will apparently reduce the entire world's energy consumption by around 0.2%.

of course that does beg the question 'why the hell is 0.3 or 4 of the worlds energy being used by method of exchange that has yet to show any practical advantage and is being used by almost no one for almost no purpose?'

[JohnnyB]

Originally Posted by afc wimbledon

of course that does beg the question 'why the hell is 0.3 or 4 of the worlds energy being used by method of exchange that has yet to show any practical advantage and is being used by almost no one for almost no purpose?'

Are you thinking of bitcoin? Ethereum is a pretty different thing.

[PsYcNeT]

Merge successful.

I think with the offsets, this means Ethereum is now Carbon Neutral (or almost there), and Polygon is Fully Green, since they fully offset their network in April and 99.5% of their remaining energy consumption goes away after the merge (as they use Ethereum as a validation layer).

[monkeyman]

"A South Korean court on Wednesday issued an arrest warrant for Terraform founder Do Kwon, Reuters reported, citing a spokesperson for the prosecutors."

https://www.cnbc.com/2022/09/14/sout...r-do-kwon.html

[afc wimbledon]

Originally Posted by JohnnyB

Are you thinking of bitcoin? Ethereum is a pretty different thing.

I'm looking at ethereum and its 1.5 million transactions a day, as opposed to visa with 150 million that doesn't come close to using 0.001 of global power

[chemgear]

Originally Posted by monkeyman

"A South Korean court on Wednesday issued an arrest warrant for Terraform founder Do Kwon, Reuters reported, citing a spokesperson for the prosecutors."

https://www.cnbc.com/2022/09/14/sout...r-do-kwon.html

Is that they guy that kept running around taunting people by calling them "poor"?

[JohnnyB]

Originally Posted by afc wimbledon

I'm looking at ethereum and its 1.5 million transactions a day, as opposed to visa with 150 million that doesn't come close to using 0.001 of global power

Why would you compare it to visa? It's apples to oranges. They're completely different things.