People can spend their money on whatever they like and invest in whatever they choose. Iโve always taken a position that I want to invest in things that make sense to me and ideally something that would improve the world in some way
A thousand upvotes? Is this reddit?
What's the exchange rate of Reddit karma to Lemmy nothings?
Reddit karma uses a logarithmic function to determine the karma on a post. The first upvotes give 1 karma each, but the higher the number gets the less karma you get from additional upvotes.
This isn't even some theory based on observations, the reddit algorithm used to be completely open source so you can see how it works on github (or at least how it used to work 7 years ago).
Front page reddit posts with 50k points most likely have over a million upvotes in reality
Crazy that this is how I found out about this. I guess that's what I get for not being enough of a repost bot ๐
I didn't even know the counter could go to 4 digits.
It doesn't happen often, but when it does it's the equivalent of going viral around here lol
1k upvotes here is like the equivalent of 50k on Reddit (probably I'm operating on dated info, who knows how much they screwed with the upvoting system by now lmao)
Welcome to the private forum ;)
I wouldn't even really call this a private forum, though. Anybody can join for free with minimal effort.
Now, SomethingAwful is a private forum, I paid them ten bucks to join. And to be honest I like their style. It's a cheap one time payment for permanent membership but if you're being an asshole and get yourself perma banned, you're going to pay another tenner to rejoin. It's a great anti-troll and anti-botting feature.
I don't think that strategy would work well for the Fediverse and I don't recommend it as such. But that's what I'd consider a "private forum".
Nah I meant in Reddit when you reach special karma number for a post you had special sub opened based on your karma.
I think I saw this meme for the first time in 2017
What's funny is that, in 2017, the ETH high was something like $12. (It got up to $1300 in 2018)
Now, it's sitting at $2000 and it's a "crash".
The lesson here is to buy the dip and then check back in 5-10 years.
If you're gonna hodl for 5-10 years you probably don't even need to worry about buying on the dip ๐
True story. Patience is an investor's best friend.
This is what happens when you don't use crypto as god intended: purchasing medication from India and subscriptions to indexers.
Purchase Bitcoin right before purchase. Watch the spare change left over go up and down and imagine all the millions you could be winning or losing.
Using xmr to order anabolic steroids from clearnet UGLs and to order acid and molly from darknet markets, as god intended ๐ช
And to top it off all the xmr comes from semi legal business ventures in the first place, so this is a nice way to get rid of black money
I had to order medication using crypto off a darket once, anti depressants for a loved one. I used something crazy like Kali on a cheap flash drive. It worked just fine and I felt like Hackerman.
My acid days are long gone. Psychedelics in general, actually. Mushrooms learned me enough and were a good teacher.
This is what happens when you don't use crypto as god intended: purchasing medication from India and subscriptions to indexers.
I'm not saying this is what I bought Monero for.
But this is what I bought Monero for.
I think crypto is good for transactions, not storing money.
Like, crypto in general sucks, but digital anonymous money transfer is almost impossible without it.
The underlying tech is actually very cool and neat, unfortunately it got co-opted by cryptobros and bastardized :(
So energy intensive though. There has to be a less wasteful way to do proof of work
Ethereum's been proof-of-stake rather than proof-of-work for couple of years now, so it's no longer energy intensive.
There inherently can't be a way to make proof of work lies wasteful as long as there are people who want to do the work. If you make hardware more, then it makes it cheaper to do the same amount of work, so people buy more hardware and do more work and more power gets used. If you make hardware less efficient, people just use the old hardware. You have to abandon proof of work altogether and switch it to something else that isn't inherently tied to energy usage.
I was hoping the work could be to solve protein folding or something.
But I guess that's not how the 'crypto' part could ever work.
Check out gridcoin. They tried tying that to science projects.
Most of the 2nd and 3rd generation blockchains are much less energy intensive (although still more than a home PC).
For example, Ethereum could be run on the energy equivalent of a single wind turbine.
Iirc etherium is proof of stake
Correct. Proof of stake is much more efficient than proof of work, but electricity is still needed to run 24/7 the million validators securing the network.
You took the words right out of my mouth! I think the blockchain is a very neat technology, but cryptobros completely ruined that.
No, man. People are sounding like these prices are fixed, when we've seen time and time again that crypto prices are cyclical.
Now's a time to buy. ETH is at a 50% discount. Your assets would be in a pretty good spot right now if you'd bought Bitcoin in 2017 when it "crashed" to $4000 per unit. I picked up shares of EZBC at an average of $32 a share (currently hovering between $45-$50 in a supposed crash) and XRP at 50 to 75 cents, currently hovering around $2.10.
What you do is invest, and then just forget about it and let those assets sit. Investing is about forward-thinking.
Is this really a cycle? The interesting thing to me is, as others have pointed out, it's mostly dropped right along with the stock market. Not looking so much like an uncorrelated asset.
It is uncorrelated to the stock market.
What it's not uncorrelated to is the chaos of the Trump presidency.
They are as cyclical as people are cyclical for falling for confidence scams again and again and again ... You can consider something based on how good an investment it is, or based on how ethical it is. Very seldom will both work out. People, don't cry about the rich getting richer, the poor getting poorer, assholes behaving more like assholes, and inflation skyrocketing when you normalize and even crowdsource this sort of relationship with your economy. Don't be surprised when the society that surrounds you is so burnout all you have to spend your money on is shit.
We've seen time and time again that not all crypto prices are cyclical. Ethereum has been performing poorly relative to BTC. If you're just going to forget about it, then you should avoid proof of stake! When you log back in you'll see that everyone who staked was sitting on a musical chair and you're not.
Plus, it's run by a central foundation that bailed itself out when the DAO flopped. Requires attention at best.
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
A collection of some classic Lemmy memes for your enjoyment
