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Cryptocurrency Research and Discussion

"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
The Blockchain Socialist's podcast, with guest Brett Scott: Seeing crypto for what it is and how to live with contradiction theblockchainsocialist.com
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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
[Request for opinions] Decentralized belief system proposal

This proposal involves a possible path forward towards a decentralized system offering a degree-of-belief consensus on a non-trivial subset of all natural language statements, including those about reality. Its possible uses include: * Decentralized, formally verified scientific research aggregation. * Automated literature review and meta-analysis. * Proof- and incentive-assisted debate. * Trustless fact-checking. * Decentralized governance in arbitrary contexts. The system would consist of three layers that would be designed and built sequentially, each extending the system's capabilities upon implementation: * **Layer/phase 1**: optimistic decentralized formal proof verification with reverse dependency tracking. Introduces all statements verifiable in the proof system. * **Layer/phase 2**: formal definition and implementation of "extractors" and "injectors" mapping in and out of proofs via non-L1 "soft" axioms. Increases the scope to real-world statements not depending on real-world data. * **Layer/phase 3**: incentive-based voting system for presumably non-provable statements, which would extract proofs about degree-of-belief statements and use them to update its state in a way that incentivizes informed belief. This is a draft diagram of what the first layer could look like (each bubble represents a CIC expression, including proofs): ![](https://lemmygrad.ml/pictrs/image/9709ba02-0465-4a7f-b556-7e663ff2168a.png) During initial testing, [Coq](https://coq.inria.fr/) could be used both for compilation of system components and verification (as part of the system itself). Afterwards, minimal _ad hoc_ infrastructure could be set up and verified.

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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
I want to diversify my portfolio. What cryptos should I buy?

85% of my crypto is in litecoin because that was the cheapest way to get it out of CeFi. I've wanted to buy some ADA but the fees are high on changelly. Would like to get a chunk of LBC but that's gonna take some work since the feds cracked down on it and it's not listed on mainstream exchanges. (Don't use bittrex) guy on twitter says he's into these ones: `XRP XLM XDC QNT ALGO HBAR DAG WTK VRA XSP CRO AVAX SGB FLR`

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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
China warns Bitcoin is heading to zero cointelegraph.com

Better cash out before waiting too long.

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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
I have money in celsius :(. Hope I can get it back.

I've been moving more and more of my funds on BlockFi to cold wallet but deprioritized the 23 hundred dollars I have in Celsius. People have been telling me this stuff will happen.

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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
Many speculators suicidal after collapse of Terra Luna cryptocurrencies

https://old.reddit.com/r/terraluna/comments/un3w7t/i_lost_over_450k_usd_i_cannot_pay_the_bank_i_will/ https://old.reddit.com/r/terraluna/comments/un40h4/my_excolleague_attempted_suicide/

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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
Celebrity Crypto Destroys Itself - the story of crypto.com www.youtube.com
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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
Bitcoin drops 50% from its peak value www.rt.com
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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
Crypto is unwieldy by design, but apparently we just need to find magical computer scientists to fix it for us

Let's take a simple use case: buying mullvad vpn. You can use your credit card, which does tie your identity to mullvad (which doesn't really matter because if they get subpoenaed by the police, the police will give them your account number once they find it and mullvad will be able to find your logs). In that case the process is pretty straightforward. I click on "pay with credit card", the website redirects me to the payment platform, I enter my card number, I get redirected back to mullvad and they give me a code I use in the app to add one more month. It cost me 5$ exactly which is a nice integer and I didn't have to enter it anywhere anyway. My card was automatically debited for the amount and I receive text confirmation that I indeed paid the amount. The price is important though, and we'll come back to that later, because no matter the price of the item -- 1.37$, 0.99$, 1067.98$, I can pay it with my card without hassle. Or... you can buy mullvad by going to a third party seller and buying a card with bitcoin or monero. In the latter case, you first select how many items you want -- these are digital cards much like gift cards you'd buy in stores, but instead of being like 10$ or 50$ they are for 1 month or 6 months of vpn. Then you click on purchase and get redirected to a page that shows how many bitcoin you have to pay for this item. You have exactly 1 hour to pay that price, as crypto is highly volatile. You note down the minute number of BTC, something like 0,000093808 BTC, and then go on your wallet. If you have BTC on it, that is. I have a Binance account (which is tied to your real identity as well) and bought the required amount of BTC. First problem: you can't buy less than 10$ in BTC on Binance. So alright, I buy 11$ worth of BTC just because I want to see how this works. Then I copy the long, unreadable wallet address (a huge string of characters like 3FZbgi29cpjq2GjdwV8eyHuJJnkLtktZc5) and at this point I realise it's not gonna work buying on PC and logging on Binance on my phone. So I log in on Binance on my PC, find my wallet, withdraw to the address that the site gave me. Problem two: you can't withdraw less than some arbitrary amount of, I think, 0,0001 BTC. You have to count the 0s and see how much that is worth in real money. About 10$, so then you start doing calculations and try to buy 2 1-month codes for 10$ and see if that's enough for your app to let you withdraw your BTC. So I went back to credit card. But what if you wanted to remain anonymous and really don't want to give out your address? Well, you can buy with monero. Make an account on some anonymous platform and look at the marketplace. You will buy monero coins from people that sell them. Except... everyone has their own way of selling them -- some give you payment terminals and you still pay by card, some need a convoluted escrow system on a third party website. And you have to trust they will not rip you off. If you gave me 0.000000002189717 BTC instead of the 0.000000002189817 I should get, I'm not gonna notice. And then you also have hidden fees on top of that so even if I go through p2p markets, I'm not sure I'll even have enough to buy the card at the end! And then you get some dust amount left in your wallet that is completely useless because no platform will accept it, it's too small an amount. When I say small, it can be something like 1 cent. But you know who will accept 1 cent? Any store that accepts cash or credit card. And they don't give me useless 0.0001$ as change. And then to actually get your 1 month code you need to wait some more for the purchase to be verified and your code to be issued. Though I'll admit I haven't got to that step, maybe it takes 2 seconds, maybe it takes 2 hours. Supporters of crypto will say it's still in its infancy. But it has been in its infancy for more than 10 years without major fundamental changes. Even cities that tried crypto pilot projects (letting people pay with BTC in stores for example) stopped them, because it's so unwieldy and volatile. Paying 0.000000000000135832518 BTC for your coke at the gas station one day and a slightly different amount that you can't even humanely registers two hours later helps no one.

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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
NFTs are a scam

Also let's revive this community to laugh at crypto some more! For those who don't know, NFTs or Non-Fungible Tokens are essentially what they say: a "token" (could be anything) that is not exchangeable. Interesting article here: https://mcn.edu/mcn-insights-nfts-are-a-scam/ Recently they've made the news with art pieces, but they exist in other forms as well. Kings of Leon released an album as NFTs... and then put that album on streaming platforms a few days later. But for this post I'll keep it to artwork. So what do you get when you purchase an NFT? You don't get intellectual property over the art piece. You don't necessarily get a unique, exclusive version of it either. You are not even buying a Jpeg! You're not buying the artwork or anything related to it, you are actually purchasing a spot on the blockchain that marks you as a verified purchaser of this NFT. That's all. That's why NFTs can take on any form and are not limited to art and media. You could be buying medication (actual medication) as an NFT, and pay a premium to be placed on the blockchain as an owner of these pills. But since it takes most people 10 minutes to draw up some shitty art on paint and start selling it with the high volatility of crypto, that's where most NFTs reside. No, the reason people buy NFTs is because they are rich. It's a class issue. They want to show they are rich enough to buy a spot on the blockchain for a jpeg that you could just right click->download. That they own enough millions that spending 1 of their millions for a spot on the blockchain they will never show anyone (except maybe for the women they're trying to impress at parties) -- that's what satisfies them. That's why you buy NFTs. Now watch me become an international grand art thief by posting this 6.6 million $ art piece in 2 seconds: ![](https://lemmygrad.ml/pictrs/image/un4U9Jm4My.png)

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"Initials" by "Florian Körner", licensed under "CC0 1.0". / Remix of the original. - Created with dicebear.comInitialsFlorian Körnerhttps://github.com/dicebear/dicebearCR
colonial pipeline ransom bitcoin traced and seized by US gov www.nytimes.com
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