What is the modern alternative for decentralized, eco friendly money?
I know monero is praised a lot by the people of penguin but that one also requires mining.
Comment on 17 years*
glibg10b@lemmy.ml 1 day ago
What’s worse is that there are modern alternatives that can process hundreds of transactions per second without any mining at all
But Bitcoin people don’t care about that because they don’t use Bitcoin for actual payments, they use the price to pump their bags
yogurtwrong@lemmy.world 1 day ago
Liketearsinrain@lemmy.ml 1 day ago
It is praised for its anonymity, and it uses an algorithm that purposefully works worse on GPUs and probably ASICS, but don’t quote me on that.
A lot of malware bundles miners for it because of it.
explodicle@sh.itjust.works 20 hours ago
FYI you are correct
ThrowawayPermanente@sh.itjust.works 23 hours ago
Ethereum
JayDee@lemmy.sdf.org 1 day ago
What alternatives are you talking about? I’ve not heard of any.
zergtoshi@lemmy.world 1 day ago
In case this is an honest question:
Ripple and Stellar are popular examples of networks that can process lots of transactions fast and cheap, but in my perspective they’re both examples of tech bros finding a new playground - especially true for Ripple.
But there are other gems such as nano.org/en, which come to mind. It’s true open source, was distributed for free, has transactions without a fee and can process hundreds of transactions per second with a tiny ecological footprint.
Yeah, I know, it sounds too good to be true, but if you have a closer look, it just is good.
Monero does not exactly have the capacity for hundreds of transactions per second, but offers a degree of privacy that’s awesome.
And then there’s the OG Ethereum, which in fact can process lots of transactions per second often at a quite low cost, which offers a Turing complete smart contract language.
You see, there are at least some alternatives, which offer lots of fast and cheap or even feeless transactions or transactions with other benefits, wuch as privacy.
The development didn’t stop with the “train wreck waiting to happen Bitcoin”.
I’m glad Bitcoin created the whole crypto sphere.
At the same time I’m dumbstruck how most of the whole sphere is just a soulless, useless money grab.
It’s hard to find the projects that aren’t, but they are here, hidden in a pile of shit.
You might realize that the projects I listed are more or less random examples, which mostly have one thing in common: they’ve been around for quite some time.
explodicle@sh.itjust.works 20 hours ago
Nano gave out its supply with centrally administered CAPTCHAs. That means they could have simply exempted insiders from having to do the CAPTCHAs at all, getting >51% of the supply for free. You’re expecting everyone who ever uses that money supply to trust a central party for something we can’t audit.
zergtoshi@lemmy.world 19 hours ago
Well, maybe they have, maybe they haven’t.
At least they made the effort and a better system than CAPTCHAs to make it available to people without the need for special hardware or other prerequisites aside from a computer with internet access was just not there.
Plus I wonder why they’ve continued developing that project for the last 10+ years in case it was just meant as cash grab for insiders.
People use Bitcoin, although it’s clear that Satoshi (whoever that is) has shy of 10% of the total supply: bitslog.com/…/the-well-deserved-fortune-of-satosh…
Needless to ask what happens to BTC holders, if that amount of BTC appear on the sell side of the market.
msage@programming.dev 1 day ago
I know naming is hard, but there are already other nano projects, so fuck any new ones.
zergtoshi@lemmy.world 1 day ago
Apple wants to have a word, Meta too.
Nano had a rebranding and was called Raiblocks before. While it was a quite distinct name, people wouldn’t even know how to pronounce it.
I’m not overly interested in the name, I do like the attributes of “Nano, the digital money” though.
zergtoshi@lemmy.world 23 hours ago
By the way, do you care to name one Nano project?
MrRandom@lemmy.zip 19 hours ago
Good thing we have 20 million alternatives and 1 million more while I was typing
zergtoshi@lemmy.world 18 hours ago
So trying to get legit projects off the ground makes no sense, because 99.9% of all projects are scams?
I beg to differ!
Or did you want to insinuate something else?