crypto is cancer. odysee is actually a crypto video sharing website that uses it for videos and their currency it has some far right problems tho
Comment on Crypto bros have discovered idle games, and the results are incredibly boring
daniyeg@lemmy.ml 6 days ago
fuck notcoin that piece of shit legitimised all these other grifts. now they all are selling boosters for crypto with no sign of actual launch. crypto is cancer.
Mwa@lemm.ee 5 days ago
Laser@feddit.org 5 days ago
crypto is cancer.
I respectfully disagree. There are legitimate use cases do make sense. Of course, these don’t make tech bros rich quick so you don’t often hear about them.
One of them that I like the idea of is NanoGPT. It’s a frontend to various AI services where you pay per request instead of making accounts for each and pay with Nano. I haven’t used it yet, but the currency makes a lot of sense there, as it is feeless and requests can cost less than a cent.
Another one is Monero for goods and services that might be illicit under one’s jurisdiction. I don’t want to go into the discussion whether this is right or wrong; all I want to say is that laws can be nonsensical and dangerous.
squid_slime@lemm.ee 5 days ago
NanoGPT? What’s special about it? Is mining the nano coin used to create the AIs responses or is it just a crypto skin on top. If the latter we can self host AI.
But beyond that many dislike crypto for gas cost and same for AI so strapping them together is way less palatable.
Laser@feddit.org 5 days ago
It’s just used as a means of payment for very small amounts, even less than a single cent if you calculate in dollars.
If the latter we can self host AI.
Sure you can; I certainly can’t, lacking the equipment, and the investment would be much higher than any return on it.
But beyond that many dislike crypto for gas cost and same for AI so strapping them together is way less palatable.
Nano, as I said, has no fees, and there’s no miners, it’s quite ecologically friendly. It does have other challenges (for example only being pseudonymous and fully traceable, plus fighting spam is an ongoing battle, no standard way of association a payment with an invoice). But I always liked its premise and it does make sense for such cases for me.
squid_slime@lemm.ee 5 days ago
So if I made a confident AI and hosted it on a website you could visit, you buy my tokens $5 for 5 tokens, responses priced at .01 tokens. Essentially its very cheap.
Would you be as likely to use this service?
explodicle@sh.itjust.works 5 days ago
Nano is a scam. They mined all the coins up front, and then told the most gullible rubes in the universe that everyone else had to fill out CAPTCHAs too.
Laser@feddit.org 5 days ago
Nano wasn’t mined, it was all created at inception, and as you correctly said distributed via CAPTCHA; this was to disincentivize or stop people running bots to claim it automatically. After the distribution period ended, the Nano foundation burned undistributed coins minus an amount that they kept to ensure further development. This fund ran out in 2023 if I’m not mistaken. It’s now being developed by volunteers.
Do you know a better idea how such an initial airdrop would be done?
explodicle@sh.itjust.works 5 days ago
www.investopedia.com/terms/p/premining.asp
You are one of those suckers if you believe every distributed coin was solved by a CAPTCHA. The centralized(!) foundation pinky promises that they didn’t sock puppet ten times as many suckers at launch, and then keep a controlling share of stake permanently.
A better way to do the initial “airdrop” is to not do centralized issuance at all, because anyone would be a complete fool to trust any crypto foundation.
FlyingSquid@lemmy.world 5 days ago
Really, crypto’s existence legitimized grifting.
Laser@feddit.org 5 days ago
Which is a shame but not that surprising