Yes, I know that it still exist, and yes, decentralized currency which utilizes distributed, cryptographic validation is not actually a strictly bad idea, but…

Is the speculative investment scam, which crypto substantially represented, finally dead? Can we go back to buying gold bars and Pokemon cards?

I feel like it is, but I’m having a hard time putting my finger on why it lost its sheen. Maybe crypto scammers moved on to selling LLM “prompts?” Maybe the rug just got pulled enough times that everyone lost trust.

  • liminis@beehaw.orgEnglish
    13·
    1 year ago

    Correct me if I’m wrong, but since ETH moved to a proof of stake model rather than proof of work (i.e. “mining”), isn’t its environmental footprint now a fraction of the wasteful behemoth it was previously?

    (Though I 100% agree given the ‘gas fees’ (transaction costs), it’s still absolutely useless as an actual currency.)

      • nii236@lemmy.jtmn.devEnglish
        1·
        1 year ago

        Not recommended though, RPIs aren’t really suited for production, plus I think only Nimbus runs well on RPIs/

        • Schooner@lemmy.mlEnglish
          0·
          1 year ago

          I think he’s confusing a validator with a node. You can easily run a node on a Pi.

          • nii236@lemmy.jtmn.devEnglish
            1·
            1 year ago

            Ah that would be make sense, but most people wouldn’t see the point in running a node. People automatically think of “mining” or “validator”