LogFAQs > #974954169

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, Database 12 ( 11.2023-? ), Clear

Topic List	Page List: 1
Topic	Blockchain and Cryptocurrency General: All things from development to investing
Sad_Face 07/20/23 9:21:42 AM #17:	Euripides posted... Does crypto still require enough electricity to power small nations? Bitcoin does, Ethereum transitioned to a proof of stake consensus model (instead of running a farm of GPUs to compute some algorithm, just hold X amount of ETH) so it's far cheaper. Most blockchains run a proof of stake model as it's considerably cheaper to manage. Plus the environmental complaints is bad for marketing. apocalyptic_4 posted... Blockchain technology isn't a scam but the majority of people have no idea what crypto does or how it works. As for ETH I'd rather invest in xrp it does the same thing but with clean energy. It does not. Ripple's blockchain is not a smartcontract blockchain, the smart contract support is extremely limited. In addition, the majority of developer tools and support are on Ethereum. If you want to build something of value, you're better off working on Ethereum or some Ethereum virtual machine blockchain (a fork of Ethereum with their own bells and whistles like Fantom, or Polygon or Binance). Investing wise, I only believe in Link but if you're looking for a new project, I heavily recommend looking for a protocol you plan to use that utilizes a blockchain, not investing in a blockchain coin itself (Ex. investing in a dapp like Aave, not ETH itself). EndOfDiscOne posted... I logged on this morning and was surprised by the sudden LINK pump Same. I have been planning to make this topic for a while but procrastinated. The combination of CCIP release and the pump spooked me into making the topic. MarthGoomba posted... Ethereum is a joke Literally one of the worst pieces of "technology" that morons have ever come up with If people had brains the value would quickly plummet to $0 Too late. Even banks are "adopting" it. And by adopting, I mean copying it and running their own private version of it. People who use it recognize the value of having a ledger everyone can refer to to prove the state of some transaction. TMOG posted... When does Bigfoot take the stage Next year, sorry. --- https://i.imgur.com/WmIB016.jpg https://i.imgur.com/53FGj6K.gif <cite>Sad_Face posted [p:974954169] in Blockchain... [t:80513844]...</cite> <quote>Euripides posted...</cite><quote>Does crypto still require enough electricity to power small nations?</quote>Bitcoin does, Ethereum transitioned to a proof of stake consensus model (instead of running a farm of GPUs to compute some algorithm, just hold X amount of ETH) so it's far cheaper. Most blockchains run a proof of stake model as it's considerably cheaper to manage. Plus the environmental complaints is bad for marketing.apocalyptic_4 posted...</cite><quote>Blockchain technology isn't a scam but the majority of people have no idea what crypto does or how it works. As for ETH I'd rather invest in xrp it does the same thing but with clean energy. </quote>It does not. Ripple's blockchain is not a smartcontract blockchain, the smart contract support is extremely limited. In addition, the majority of developer tools and support are on Ethereum. If you want to build something of value, you're better off working on Ethereum or some Ethereum virtual machine blockchain (a fork of Ethereum with their own bells and whistles like Fantom, or Polygon or Binance).Investing wise, I only believe in Link but if you're looking for a new project, I heavily recommend looking for a protocol you plan to use that utilizes a blockchain, not investing in a blockchain coin itself (Ex. investing in a dapp like Aave, not ETH itself). EndOfDiscOne posted...</cite><quote>I logged on this morning and was surprised by the sudden LINK pump</quote>Same. I have been planning to make this topic for a while but procrastinated. The combination of CCIP release and the pump spooked me into making the topic.MarthGoomba posted...</cite><quote>Ethereum is a jokeLiterally one of the worst pieces of "technology" that morons have ever come up withIf people had brains the value would quickly plummet to $0</quote>Too late. Even banks are "adopting" it. And by adopting, I mean copying it and running their own private version of it. People who use it recognize the value of having a ledger everyone can refer to to prove the state of some transaction. TMOG posted...</cite><quote>When does Bigfoot take the stage</quote>Next year, sorry. --- https://i.imgur.com/WmIB016.jpg https://i.imgur.com/53FGj6K.gif</quote> ... Copied to Clipboard!
Topic List	Page List: 1