The Crypto Thread

NFTers can’t handle a bone in their chicken. They need tendies.

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Cryptobros would love to bone coin.

Interesting, though I wonder about the wording of the explanation:

The company said the NFT will record vehicle data, generating a certificate that can be used to assure the car has been properly maintained, with a positive impact on its residual value.

https://twitter.com/AlexStemplewski/status/1490803984373719041?t=DiYVt_wa6o_y_CqDkp4LJw&s=19

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https://www.nytimes.com/2022/02/06/technology/helium-cryptocurrency-uses.NtLL10183

It’s called Helium. And while it’s not the most attention-grabbing crypto project out there — no cartoon apes or copies of the Constitution are involved — trying it out has helped me understand how crypto can be quite useful in solving certain types of problems.

On a basic level, Helium is a decentralized wireless network for “internet of things” devices, powered by cryptocurrency.

One of the there’s that are there.

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Amazing

They spelt “Sewer Rat” wrong

Yeah, a true global peer to peer mesh network is the holy grail of decentralization. It’s almost unthinkable how much that would change the world.

So Gnutella but with crypto?

No. Helium is decentralizing the physical network. All the wireless things talk to one another directly. Scale that up from proof of concept with IoT to the point where it can replace the current internet. No more phone or cable companies. No ISP’s.

Think of all the knock-on effects from something like that.

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You’d still need hard lines (or satellite) to get across deserts and oceans and stuff. And it seems like you’d have to have some kind of big wireless hub in urban areas. Unless they’re saying I can someday stream a movie from the Netflix servers by hopping over thousands of IoT devices along the way. That seems like it could never be fast enough.

I don’t think you’re replacing the current internet as much as replacing the last mile, which would still be a big deal.

Yeah, connecting otherwise disconnected locations would still need to be a thing. I’m sure there’d be global power struggles over control of those cables or satellites. I often wonder how much of that currently exists, actually. Nobody ever seems to talk about how easy it would be to sever connections between say the US and Europe. Or to completely isolate the Americas from the rest of the globe.

I think you’d have the opposite of large hubs in urban areas though. There’d be no need with sufficient density of connected devices and that’s where I’d expect the concept to work best. It’d be more sparsely populated areas subjected to a single operator for access without big advances in how much data can be sent via long range radio frequencies.

https://twitter.com/eamonjavers/status/1491092102792749056?s=21

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(from the twitter thread)

Heather Morgan

A serial entrepreneur, (how I hate that phrase - you’re either an entrepreneur or you’re not), and rapper!

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No way these two are the hackers right, they probably got framed / set-up by the actual hackers.

https://twitter.com/WClementeIII/status/1491099477167718401

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are you trying to tell me that $100 bills are a better medium for money laundering than bitcoin, which has every transaction traced on a public ledger everyone can see?

and are you suggesting that pablo escobar burying millions of US dollars in the ground is somehow MORE SHADY than holding bitcoin, which is what enabled these two getting caught?

i dont believe you

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i watched this because i thought it would help me with tips and tricks but it’s just a dumb takedown video by another hater. his advice? nothing you can do because rich people and ((art world gatekeepers)) are doing all of this way over our heads and out of our reach, so do nothing and stay poor at home hating art, thanks for watching like and subscribe

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https://twitter.com/matthewesp/status/1491122018896744448?t=9-n9Dno0nHAVVsM9aa5YkQ&s=19

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https://twitter.com/DevlinBarrett/status/1491219932432183300

1 Like