Crypto isn't the same as living in a virtual world.
The same people that have drug addiction/mental illness issues are exactly the same people that will strap the googles on until forced to remove them.
BITCOIN
- Thread starter Weather Man
- Start date
Crypto isn't the same as living in a virtual world.
The same people that have drug addiction/mental illness issues are exactly the same people that will strap the googles on until forced to remove them.
She might also have a side bf
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NFTs are just a link to an image file and virtual real estate is just that - virtual. It's for fools who don't understand that virtual is not unique as say a piece of real property. Virtual is just software running on a computer. There is nothing really unique about that now is there? But go ahead and pay millions for it. No doubt people don't want to live in reality, but NFTs and "virtual real-estate" is hype for dumb people with too much money and no brains to understand what it actually is,
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Yeah it's called "Uncanny Valley".
In aesthetics, the uncanny valley (Japanese: 不気味の谷 bukimi no tani,) is a hypothesized relation between an object's degree of resemblance to a human being and the emotional response to the object. The concept suggests that humanoid objects that imperfectly resemble actual human beings provoke uncanny or strangely familiar feelings of uneasiness and revulsion in observers. "Valley" denotes a dip in the human observer's affinity for the replica, a relation that otherwise increases with the replica's human likeness.
Examples can be found in robotics, 3D computer animations and lifelike dolls. With the increasing prevalence of virtual reality, augmented reality, and photorealistic computer animation, the "valley" has been cited in reaction to the verisimilitude of the creation as it approaches indistinguishability from reality. The uncanny valley hypothesis predicts that an entity appearing almost human will risk eliciting cold, eerie feelings in viewers.
Uncanny valley - Wikipedia
Yeah it's called "Uncanny Valley".
In aesthetics, the uncanny valley (Japanese: 不気味の谷 bukimi no tani,) is a hypothesized relation between an object's degree of resemblance to a human being and the emotional response to the object. The concept suggests that humanoid objects that imperfectly resemble actual human beings provoke uncanny or strangely familiar feelings of uneasiness and revulsion in observers. "Valley" denotes a dip in the human observer's affinity for the replica, a relation that otherwise increases with the replica's human likeness.
Examples can be found in robotics, 3D computer animations and lifelike dolls. With the increasing prevalence of virtual reality, augmented reality, and photorealistic computer animation, the "valley" has been cited in reaction to the verisimilitude of the creation as it approaches indistinguishability from reality. The uncanny valley hypothesis predicts that an entity appearing almost human will risk eliciting cold, eerie feelings in viewers.
Uncanny valley - Wikipedia
en.wikipedia.org
Yes somehow this doesn't stop thousands of guys from buying $5-10k dolls every year...
Not really buying it for the face though.
Is there not a usable hole up there? If not I'd feel like I was paying 33% too much.
Bitcoin & Lightning is the future
I wonder if he ever got a meeting with Jeff
I wonder if he ever got a meeting with Jeff
Fitch downgrades El Salvador further into junk on bitcoin risks
BTC-USD +2.83%Feb. 10, 2022 11:44 AM ETFitch Ratings on Thursday cut El Salvador further into junk territory, citing risks from last year's move to adopt bitcoin (BTC-USD) as legal tender, along with other BTC-related initiatives.
Specifically, the adoption of BTC as legal tender had added uncertainty about the potential for an International Monetary Fund ("IMF") program that would unlock financing for this year and the next, according to the report. In January, the IMF urged El Salvador's government to remove BTC's status as legal tender. Fitch also cited a "high degree of uncertainty" for external financing options surrounding the capacity to issue bitcoin (BTC-USD) backed bonds through new distribution channels. Recall at the beginning of January when El Salvador prepared 20 bills to provide a legal foundation for issuing bitcoin bonds.
The basis of the downgrade also reflects the country's increased "reliance on short-term debt, an USD800 million Eurobond repayment due in January 2023, a still-high fiscal deficit, limited scope for additional local market financing, uncertain access to additional multilateral funding and external market financing given high borrowing costs," the report read.
By Tom Wilson and Hannah Lang
LONDON/WASHINGTON, Feb 10 (Reuters) - Coinbase Global has removed 'how to buy' instructions for at least three crypto tokens which have been the subject of 'rug pull' warnings that investors may lose their money, saying on Thursday it plans to improve safeguards.
LONDON/WASHINGTON, Feb 10 (Reuters) - Coinbase Global has removed 'how to buy' instructions for at least three crypto tokens which have been the subject of 'rug pull' warnings that investors may lose their money, saying on Thursday it plans to improve safeguards.
13yrs ago today
Infinite Ethereum Bug Discovered In Optimism By Hacker Behind iPhone Jaibreaks
Adrian Zmudzinski - Yesterday 3:59 PM
© Provided by BenzingaInfinite Ethereum Bug Discovered In Optimism By Hacker Behind iPhone Jaibreaks
Jay Freeman — the core developer of iOS Jailbreak and Cydia tools and founder of decentralized virtual private network solution Orchid (CRYPTO: OXT) — discovered a bug in the Ethereum(CRYPTO: ETH) scalability solution Optimism that would enable attackers to create infinite Ether.
What Happened: Freeman pointed out the vulnerability in a Thursday Twitter thread in which he also disclosed that he won a $2,000,042 bounty for its discovery.
In his post, he detailed the "Unbridled Optimism" attack that would have allowed any attacker to mint an arbitrary number of coins on any blockchain that supports the Optimism Virtual Machine.
See Also: WHAT IS LAYER 2 ON ETHEREUM?
Freeman's explanation of a hypothetical exploit notes the attacker would have to trigger the "selfdestruct" function of Optimism system's smart contract on the Ethereum main network multiple times to increase their token holdings without limitations. Optimism-based forks such as Boba and Metis were vulnerable to similar exploits.
A statement released by Optimism on Thursday confirmed the vulnerability was real, the aforementioned bug bounty was paid and the vulnerability has never been exploited. Optimism itself and forks that were vulnerable to the exploit all have fixed the bug, according to the announcement.
Attachments
Good thing they had that bounty. That was smart of them. The code is so complex that these things are bound to happen. It will take years to make it ironclad. This is one of the appeals of Bitcoin - it's simplicity. It is not trying to do all the complex things Ethereum does.Infinite Ethereum Bug Discovered In Optimism By Hacker Behind iPhone Jaibreaks
Adrian Zmudzinski - Yesterday 3:59 PM
© Provided by BenzingaInfinite Ethereum Bug Discovered In Optimism By Hacker Behind iPhone Jaibreaks
Jay Freeman — the core developer of iOS Jailbreak and Cydia tools and founder of decentralized virtual private network solution Orchid (CRYPTO: OXT) — discovered a bug in the Ethereum(CRYPTO: ETH) scalability solution Optimism that would enable attackers to create infinite Ether.
What Happened: Freeman pointed out the vulnerability in a Thursday Twitter thread in which he also disclosed that he won a $2,000,042 bounty for its discovery.
In his post, he detailed the "Unbridled Optimism" attack that would have allowed any attacker to mint an arbitrary number of coins on any blockchain that supports the Optimism Virtual Machine.
See Also: WHAT IS LAYER 2 ON ETHEREUM?
Freeman's explanation of a hypothetical exploit notes the attacker would have to trigger the "selfdestruct" function of Optimism system's smart contract on the Ethereum main network multiple times to increase their token holdings without limitations. Optimism-based forks such as Boba and Metis were vulnerable to similar exploits.
A statement released by Optimism on Thursday confirmed the vulnerability was real, the aforementioned bug bounty was paid and the vulnerability has never been exploited. Optimism itself and forks that were vulnerable to the exploit all have fixed the bug, according to the announcement.
Here are some of the major layer 2 solutions for Ethereum. Bitcoin and Litecoin also have one, it's called the Lightning Network.
Best Ethereum Layer 2 Solutions - A Comprehensive Guide
Ethereum is one of the most popular blockchain networks in use presently, and there are no doubts regarding this fact. The total number of decentralized
101blockchains.com
Terraform, CEO ordered to comply with SEC subpoena over mirror protocol
LUNA-USD -8.68%Now!- Terraform Labs and its co-founder and CEO, Do Kwon, has been ordered by a New York judge to comply with the U.S. Securities and Exchange Commission's subpoenas relating to its investigation of Terra's mirror protocol, according to a filing dated Feb. 17.
- Note Terra's mirror protocol is a decentralized platform that enables users to trade synthetic assets that mimic the prices of real-world assets.
- Meanwhile, Terraform Labs' native token, Terra (LUNA-USD -8.8%), is falling below $50 intra-day, as bitcoin (BTC-USD -5.3%) heads toward $40K and ethereum (ETH-USD -5.6%) slides to $2.8K.
- Recall Terraform filed a motion in December that opposed an SEC effort to require Kwon and Terraform to cooperate with subpoenas issued in the agency's ongoing mirror protocol investigation, dubbed "In the Matter of Mirror Protocol," CoinDesk noted Thursday.
- Previously, (Dec. 22, 2021) Terra's open interest soared along with persistent negative funding.
Maybe others here can help me but I've never fully understood Bitcoin/crypto mining. So mining is "verifying transactions on the blockchain". Transactions, I presume being transferring of said coin/token from one account to another and more bitcoin is issued as a reward when a computer/miner creates a block and adds it to the ledger.
All this takes a tremendous amount of electricity (for bitcoin anyway) but is there any external benefit to all the processing power being used other than a new block added to the blockchain? I recall that PS3 had a feature where the machine could donate it's processing power to medical research. Is any of the processing power used to mine bitcoin devoted to something that provides a greater benefit? Weather models, market analysis, medical research, NASA calculations, etc?
Or is mining just a proverbial "rat in wheel" utilizing energy to spin a wheel with no actual distance being covered?
All this takes a tremendous amount of electricity (for bitcoin anyway) but is there any external benefit to all the processing power being used other than a new block added to the blockchain? I recall that PS3 had a feature where the machine could donate it's processing power to medical research. Is any of the processing power used to mine bitcoin devoted to something that provides a greater benefit? Weather models, market analysis, medical research, NASA calculations, etc?
Or is mining just a proverbial "rat in wheel" utilizing energy to spin a wheel with no actual distance being covered?
There are numerous guides on the internet.
Briefly, You are missing the "proof of work" part that runs during mining. Think of the mining reward as a lottery of sorts for the work done by the nodes processing transactions. A random number is chosen by the network and the miners run equations to guess the number.
The wasted energy argument is overblown by the media as always. There are many other systems that are active in current society that waste a lot more energy. Moving cash around wastes tons of energy via conventional bank and wire transfer. Thousands of servers need to constantly be online to facilitate this. Look up SWIFT.
Briefly, You are missing the "proof of work" part that runs during mining. Think of the mining reward as a lottery of sorts for the work done by the nodes processing transactions. A random number is chosen by the network and the miners run equations to guess the number.
The wasted energy argument is overblown by the media as always. There are many other systems that are active in current society that waste a lot more energy. Moving cash around wastes tons of energy via conventional bank and wire transfer. Thousands of servers need to constantly be online to facilitate this. Look up SWIFT.
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All crowdfunding and crypto platforms must register with Canada’s financial intelligence agency, as mentioned above, FinTrac and report “large or suspicious” transactions. This will go on for at least 30 days unless the emergency is extended beyond that.
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