kevinak

I wonder if people around here know that Vitalik tried scamming people with a "quantum computer simulation mining" thing back in 2013? Amazing that more people aren't more vary of him.

1. https://medium.com/bitcoinerrorlog/vitaliks-quantum-quest-9e...

2. https://twitter.com/adam3us/status/1273353652447608834

3. YT video: https://www.youtube.com/watch?v=DkUpZkeqhF4

You can absolutely make reusable reactive logic in Svelte, custom stores work great for this.

The problem with "useX" isn't an anti-react one, it's that "use" is an actual thing in Svelte, it's called an action! https://svelte.dev/docs#template-syntax-element-directives-u... :)

...so does Svelte?

There’s a very complex open source low code project called Budibase that you can look at: https://github.com/Budibase/budibase

It creates risk and slows things down because you can’t trust your counterparties

Yep, large model.

Not sure about M1, but on the Macbook Pro 14" with an M1 Max using 8 threads I transcribed a 44 minute podcast in 16 minutes. So about 3x "real time" speed.

They don’t. Common problem when discussing electricity and energy unfortunately :/

Are you insinuating folks in the developing world are incapable of understanding and handling their own keys? Wow.

Sure, so we just move the cost to someone else effectively? Seems unfair and unnecessary when they can just mine bitcoin instead.

A tax would result in a cost for the business.

Bitcoin mining results in a profit.

Why would you pick the first one?

Transporting miners is not the hard part, you just keep them in containers. What is hard is building the necessary stuff to actually flare the gas properly.

Yeah, let's use laws instead of something that makes monetary sense...?

It's not a gas field, it's a land fill.

That's not a source.

I literally posted a source showing you it's very cheap. The minimum fee is the lowest fee you'll pay to get into the next block.

I used Bitcoin way back in 2010. Though I don't understand why that makes a difference since you can look up the prices in hindsight.

No, I've never claimed that. Regardless of what you think about Bitcoin, if it's useless or not, don't you agree that net negative is better than zero?

Burning methane (flaring) is most definitely an improvement over not doing it. That's just a fact. It accounts for about 20% of global emissions and is 25 times as potent as CO2. https://www.epa.gov/gmi/importance-methane

You would use Bitcoin mining as a monetary incentive to flare methane. You could do other things but it requires more infrastructure investment and might not even be possible in certain locations that are far from where the electricity would be used.

Is everyone in India banked? How do you transfer money outside of the India? Can you do that insta fly with UPI as well?

There are more countries than India, I’d suggest maybe taking a look at South America, Africa and Asia.

I'm sure that's the case for some of the landfills, but definitely not all of them.

In the US 70% of the methane from landfills is vented, rather than flared. That means that for some reason, either it's too expensive to do or something else is blocking this. And that's just the US.

You can also imagine that landfills in the developing world are better targets. Infrastructure is not as good there as it is in the US or in Europe.

You need to start backing up your statements with facts. Please show us that bitcoin fees are "often not" cheap at all.

Here's some actual data you can look at: https://mempool.space/graphs/mining/block-fee-rates#all

Look at the "Min" fee rate; regularly very close to 1. That's $0.02 at current prices.

I don't believe it's saying either. It's saying that the trend is towards net zero emission and that this will happen by the end of 2024. After that I would assume we go into the negatives and improve the current situation.

"Based on the estimated average growth rate of bitcoin mining operators using vented methane of 6.9 MW/month, the Bitcoin network will become Carbon Negative in Dec ’24."

No, this is not wrong. You can't magically just "use it for something else". That's not how this works. You need to generate electricity where it is needed (or transport it, which costs money).

If there are landfills out there that are just spewing methane gas (20x worse than CO2, btw) into the atmosphere, why not make sure that is burned and used more efficiently? Please show me a realistic plan to do this. Bitcoin does it without forcing anyone and without taxes directed towards it.

On top of being hard to argue against, it just isn't true. It's a net positive for the environment, at least it will be in a couple of years: https://batcoinz.com/50-landfills-mining-bitcoin-a-zero-emis...

Are you sure you can charge back that bank transfer? In theory sure, but in practice?

With Bitcoin: Costs $0.4 per transaction. Zero paperwork. Takes several minutes.

Not everyone has this privilege. In fact, most people in the world can't do what you're doing. For them it is immensely hard in comparison.

Yes. Bitcoin - It's cheaper, faster, simpler and more reliable.

It's not just faster on the front end. It settles pretty much instantly on the back end as well, so no counter party risk like in the case of using banks.

No they are not, in what world can you transfer money instantly and settle it across borders in seconds? I'd love to see an insecure bitcoin transaction as well.

Something that can turn on or off at a moments notice? Bitcoin mining is perfect and even subsidises the production costs :)

Yeah… it tends to get uneconomical if you slap a huge special tax on it. A nuclear specific “effektskatt” was added in 2015, this is the real reason that they prematurely shut down the reactors (which would have been running until the mid 2020s).

It does not, Qwik’s claim to fame is that it doesn’t need to hydrate the page with JavaScript, it does this not only by serialising data sent from the server but also by doing it with the “component code”. The explanation is a bit simplified but hopefully it makes sense.

The connection is that miners seek the cheapest energy out there, which is renewables. Renewables (solar, wind) are highly variable in their output so to get stability you need to deploy A LOT of it (or couple it with for exmaple nuclear, hydro or fossil fuels). Bitcoin can act as a "buyer of last resort" for the producer, thus letting electricity producers build out larger deployments at a lower risk.

Bitcoin mining has a whole host of pretty cool properties that help stabilize the grid as well. Here's a two part article about it: https://braiins.com/blog/bitcoin-mining-the-grid-generators

How come?