doylio

joined 1 year ago
[–] doylio@lemmy.ca 7 points 9 months ago

Tbf, most money nowadays doesn't physically exist nowadays. Only a tiny fraction of the "money" that is out there has a physical instantiation. Most of it is just numbers in bank servers

[–] doylio@lemmy.ca 3 points 9 months ago (1 children)

I think the 32 ETH lockup + slashing does make it riskier to stake, but it also makes the chain more secure. As a malicious Ethereum staker, every failed attack costs me a lot of money. As a Cardano staker, I can attempt an attack many times because there I don't lost that much if it fails.

The lack of liquid staking is the only real drawback I see here, as it has allowed some centralization in the Lido token. Ethereum has yet to address that issue

[–] doylio@lemmy.ca 23 points 9 months ago (1 children)

Sounds like an avoidant attachment style. Learning about this changed my dating life so much for the better!

[–] doylio@lemmy.ca 3 points 9 months ago (3 children)

Yeah I'm pro PoS in general, but I don't think we should forbid people from running PoW on their own computers. Seems like a step too far.

Side note, what's wrong with Ethereum's PoS in your opinion?

[–] doylio@lemmy.ca 29 points 9 months ago (7 children)

I think the best solution would be to properly tax carbon. That way Bitcoin miners would either become unprofitable or move to greener energy.

I don't think it's a good idea to establish the precedent that gov't can decide what you can and cannot do with your energy. You may think it's a waste of energy, but if the externality is properly taxed, I don't see the problem with letting it continue

[–] doylio@lemmy.ca 3 points 9 months ago (1 children)

And what about the open source models? Or the AI companies in countries that have more lax copyright laws? (Japan for example)

This technology exists now. We can't put the genie back in the bottle. Copyright came out of the printing press, which allowed cheap copies to be made. Now a new technology has emerged so we likely need a new set of rules to replace the role that copyright performed, which was incentivizing artistic creation

[–] doylio@lemmy.ca 1 points 10 months ago

Yes, but it's not Sybil resistant. Anyone can make as many PGP Keys as they want.

What is really needed is the ability to sign messages proving:

  • that I am a specific person ("I am John Smith")
  • that I am a unique person without revealing my ID ("I only have one account here")
  • attributes about me without revealing my ID ("I am 18+", "I am a French Citizen", etc)

This is all possible with ZK cryptography today if you have a trusted data source for the key storage. Governments might be able to set something like this up, but that comes with a lot of privacy concerns. There are other projects like WorldCoin, Idena, and Proof of Humanity that attempt to do this in a decentralized way, but they've all had issues with adoption

[–] doylio@lemmy.ca 0 points 10 months ago (3 children)

PGP isn't tied to a specific person though.

I'm starting to come around to the idea of gov't backed crypto ID, but I am very worried about the potential abuse of that system

[–] doylio@lemmy.ca 8 points 10 months ago

I agree! There's a campaign pushing to avoid giving kids phones until 8th grade, but I think even that seems a bit too young

[–] doylio@lemmy.ca 10 points 10 months ago (6 children)

I said "smartphones" not all phones. If I had a kid, I'd get them a flip phone so they could call or text me, but one without internet capabilities

[–] doylio@lemmy.ca 1 points 10 months ago

I was at the right age to see the transition happen. When I started high school it was all flip phones and some kids didn't have a phone, but by the time I graduated basically everyone had a smartphone and the school added wifi. I remember feeling like the school had a less social feel in my senior year and everyone was just on their phones in the cafeteria

[–] doylio@lemmy.ca 14 points 10 months ago (2 children)

I think a good middle ground might be to ban smartphones but not phones entirely. If you want your kid to be able to call you, buy them a nokia or something without internet capabilities

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