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ea550ff70a

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Software Engineer at Company X

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My verdict: Threads sucks shit. It has no purpose. It is for no one. It launched as a content graveyard and will assuredly only become more of one over time.

The writer's is clearly mad at life here. Threads is fine. The content is fine. The design is fine. The algorithm is also fine. Not everyone is into whatever nonsense is happening in the twitterworld.

You are missing the point. There is no value to paying 8 bucks a month as the perks are a joke and real verification is not a thing anymore, so why even bother? Also, these power users are amongst the ones that create content and/or drive traffic that Twitter needs (for advertisers). There is zero incentive for them to pay for it. And this is without factoring in the ideological/political battle happening on the platform. The platform is just Musk's toy now and the only thing he is doing a good job at is at alienating and pushing away long term users with his shenanigans.

Standard Notes 3 years ago

I've been using SN for a few years as a paid user. Not the most intuitive design for sure but works great once you get used to it. Great product overall!

I recently liquidated all my Tesla positions. I also plan to sell my Tesla next year. Was originally planning on a new Tesla but I have ruled them out completely too. The company has gone from being my favorite to the one I dislike the most in the span of a year.

God, as a Tesla owner myself, this is worrying. Future quality of code and hardware is going to be affected. Musk's extra wild behavior in the past few months is not helping either. My personal experience so far has being great (had it for a few years already) but this is very disappointing tbh.

global adoption metrics:

https://go.chainalysis.com/rs/503-FAP-074/images/Geography-o...

from (in case the link of the doc doesn't work)-> https://go.chainalysis.com/2021-geography-of-crypto.html

this data clearly doesn't show current situation (June 2022 to be precise) as that report is not out yet but the macro situation is clearly affecting valuations in all markets (commodities, equities, crypto, etc) specially crypto and growth-driven tech companies as they are obviously more risky in a higher interest and more uncertain (from the global macro perspective) environment.

I agree with literally all the problems in the criticism presented here. I think the problems are real as well. My only issue is that the approach to solve some of the issues generated in crypto industry are either not practical, sustainable, or effective, hence my criticism of the criticism presented in this thread. I don't like the idea of insane power consumption, specially when coming from non renewable sources. But at the same time I also recognize that the incentives built into the protocol (BTC specifically here) are stronger than the environmentalist approach of either killing the industry or moving to POS (which has not been proven to work at scale or in the wild outside a testnet yet). Which is why I think that a better approach is to guide the industry into ONLY using and incentivizing renewables.

still be wasting energy for little societal benefit

I don't think you are paying attention to developments in the Global South with it. Use of it is increasing at an insane pace in Latin America (where I'm from) and I don't see it stopping any time soon. Similar trend is happening in Africa. Does it make sense to use it if you live in a developed country? Probably not. You already have all the infrastructure and financial privilege you can have. Plus your organizations are the ones setting the rules for the rest of the world. Good for you. But not all people using it are gambling my friend. As of now, there are 2 countries that have adopted BTC as legal tender. I'm willing to bet that by the next (or around) the next halving, we are going to have more countries in that list, specially from the Global South.

You are missing on the incentives side of the equation. If I'm a miner and the green energy source is cheaper, I will get that infrastructure built for it. This could also help to recoup investment, for someone who doesn't see mining as its main goal, in the case where renewable infrastructure is not cost effective for a specific region but could help with reducing overall carbon emissions.

Because it has being going on since it's inception and nothing has changed because the dynamics of how it operate are not the same as other industries. Hence drama, because the approach of trying to take down mining has not worked and is unproductive at the end of the day if the goal is to reduce carbon emissions. And yes I am also a crypto enthusiast so put me in the believer camp.

I don't disagree but at the end of the day how do you really plan to tame it if it's still a "niche" hobby in 10 year? Which I doubt a lot as Wall Street and other industries are starting to get quite involved in it now investment-wise. The practical approach from a government pov would be to regulate the hell out of mining businesses but nothing prevents me as a user to set up a mining rig at home and join a pool somewhere around the world. Look at China as an example. They still have 20% of their previous mining activity happening (after the ban) and they have the "best" surveillance system in the world. That's why I think fighting it is less productive than guiding it to use clean sources.

If we end cryptos today, in the grand scheme of things, we are going to see no real difference proportional to the global energy consumption of everything else as, while enormous quantity wise, consumption is still below 0.5% or so (so really not that big of a deal percentage wise). How did the predictions and articles from a few years ago on how Bitcoin was going to take, by 2020, the global energy share of consumption pan out? Obviously they were wrong, as consumption of everything else grew as fast or faster than it.

The drama against cryptos and their energy consumption is unproductive and is imho going to yield no change (in the grand scheme of things), as the field can't really be tamed the same way other industries can due to its decentralized approach of doing things. Instead of wasting time with this approach, we should be pushing for and incentivizing cheap green energy sources, as that is where the real issue comes for every industry.

As long as the source is green, which it already is fo a huge chunk of the energy behind cryptos, and as long as it is not messing with the availability for the demand in the grid for other industries/consumers, then who cares how much it consumes?

Damn if you think any of that is problematic (which is not because you can opt out, and by default is not enabled), specially from the "capitalist cancer" pov wait until you hear about this obscure browser called Chrome from a company you might have heard called Google.

Edit: Forgot to mention, they stopped injecting the links 2 years ago as they claim it was a mistake (maybe, maybe not, but for sure not the case right now) -> https://brave.com/referral-codes-in-suggested-sites/.