ya I did some researching and still don't get how this works lol
"Proof-of-Optimization, a novel blockchain consensus mechanism described in the whitepaper, plans to solve computational chemistry problems at a cost competitive with that of standard on-premises environments and cloud computing. Compute contributors can run both solver and validator nodes powering industrial-scale virtual screening campaigns in exchange for $MSI, the platform's official token.
"For the first time, any computer or phone with access to the web might be responsible and rewarded for discovering the next breakthrough medicine," said Shkreli, Druglike Co-Founder. "We will disrupt the economics of the drug business by allowing a wide pool of innovators and contributors, rather than only pharmaceutical giants, to profit from drug discovery."
Article: "Yes, you read that right. Square Enix is choosing to make its NFTs — a technology known to consume exorbitant amounts of energy contributing to wildly increased emissions and accelerating already out-of-control climate change on a planet that is either on fire, drowned, or melting — out of characters it created who were dedicated to stopping companies from doing exactly what an NFT facilitates."
....
Enjin protocol: "a Proof of Authority blockchain that runs on five nodes that consume 30,000,000 watts per year.
This will allow Enjin Ecosystem creators to mint NFTs on a network that consumes ~0.000002 of the electricity of the Ethereum blockchain."
> Roy started spending all his time watching YouTube videos and speaking to other cryptocurrency enthusiasts in private groups on the messaging app Telegram.
So I don't really get this article. Let's take out the human psychological factor such as addiction and gambling for a second.
Similar things can be said to traditional stock crash as well, can it not? Before the 'crypto-mania', the amateur investors would read a few posts/websites or gain influence from what their friends/peers/social groups would recite about [insert certain stock] and when it crashed, this is the same cycle.
My point is without actually spending time conducting deeper research and really understanding the technology(topic), this is will happen to anyone(amateurs).
Crypto’s “improvements” over traditional stocks include:
* lack of regulation comes with lack of enforcement of rules as well. If you get ripped out, there’s no one that can help you, that is by design.
* cult-like behaviour and manipulation. Crypto users are lured into forums that use their own language and memes (“line goes up”), there’s a strong dense of “us” versus “the rest”, commenting isolation. Celebrities and influencers are paid to promote. People in these groups start following “advice” and end up “having to buy in”… and then the head of the pyramid cashes out, and they are left without anything.
I’m not saying this kind of thing doesn’t happen in traditional finance, but crypto has taken it to the next level.
> My point is without actually spending time conducting deeper research and really understanding the technology(topic), this is will happen to anyone(amateurs).
I don't know if that's true. Most amateurs I know who invested in the stock market are relatively okay. They didn't i) put their entire life savings into it cause they didn't believe it was going to be the future of the world due to some weird cult-like behavior and ii) stocks didn't collapse 99% or whatever a lot of these shitcoins did. Most amateurs don't make money in stocks but they aren't wiped out either.
Well, sure humans are like that. But at least with stocks there’s some societal benefits (e.g., the money Google has raised via equity sales has been used to make the worlds best search engine).
With crypto, people are wasting their time in things that don’t help the real economy so it stings a little bit more.
> Ever heard of Sandstorm by Darude? Yeah that has nothing to do with this
Yes, I have. I still remember some girl I dragged into my student slum shared house widening her eyes and asking "Do you have an older brother or something? Why is your library a bunch of Nine Inch Nails or whatever? That's a very old album." and I immediately shot back something to the effect of "I pirate everything because I'm not some rich bitch from Fox Chapel -- I just look at what's well seeded, those weird Russian pill vendors have good taste in EDM, and your stupid CD store got too good at spotting shoplifters."
(Yeah, that also has nothing to do with this, but HN needs to have more creative nonfiction and less "Uh sir, this comment is not appropriate for LinkedIn" energy.)
> good taste in EDM … HN needs to have more creative nonfiction
So …
“Sandstorm was fucking inescapable in the SoCal rave scene in the late nineties, to the point that it became sort of a joke. Even if you went to an event where you could be reasonably confident that it wouldn't be played (a jungle or gabber event, for instance), you'd still hear some asshole blasting it from his car while you were in line.”
”I heard it being played from art cars twice at Burning Man this year. I'm choosing to believe that the perpetrators were doing so ironically, because the alternative is to despise/pity them.“
Thanks for this. I had a friend who used to dance to it at parties. We would then all take turns ding the same. But this was in like... 2009.
I don't think he was in the SoCal rave scene, but he was a huge gearhead. Big fan of his "vee dub".
(I never could grok anything mechanical, and never really had stable housing, so I turned into a weird little cyberpunk so I could keep everything on a laptop or hard drive I carry with me)
"Pitts, who is accused of shooting another man to death in 2019, will be released while prosecutors work with the police department to determine whether any data related to his case has been lost, the outlet reports."
I'm afraid that's going to be the case for so many other cases.
NSO's zero-click exploits work for previous versions of iOS as well. It's still good you upgraded since the latest update includes many fixes for other known security vulnerabilities: https://support.apple.com/en-us/HT212528
"Proof-of-Optimization, a novel blockchain consensus mechanism described in the whitepaper, plans to solve computational chemistry problems at a cost competitive with that of standard on-premises environments and cloud computing. Compute contributors can run both solver and validator nodes powering industrial-scale virtual screening campaigns in exchange for $MSI, the platform's official token.
"For the first time, any computer or phone with access to the web might be responsible and rewarded for discovering the next breakthrough medicine," said Shkreli, Druglike Co-Founder. "We will disrupt the economics of the drug business by allowing a wide pool of innovators and contributors, rather than only pharmaceutical giants, to profit from drug discovery."
link: https://www.globenewswire.com/news-release/2022/07/25/248519...