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miridius @lemmy.world
Posts 1
Comments 193
The left-wing French coalition hoping to introduce 90% tax on rich
  • Rich is when you have little to no taxable income, and your wealth is mostly unrealised captial gains that you borrow against to fund your lifestyle, and you use various other strategies to offset whatever salary you do get with expenses or make it otherwise untaxable

  • So much for Blockchain's real life use cases
  • Banks are already paying for servers to process and store information.

    Yes

    A few validators or collators (quite cheap for a private network) provided by several banks would cost a fraction of what they pay now

    How? They'd be doing extra compute work for no reason (validating already valid transactions), and storing extra data (lots of hashes) for no reason, so it can only make infra costs more expensive. Plus the added complexity meaning you have to hire an extra team just to understand it.

    Don't mix blockchain with the speculative world built on top of it. That's only an unfortunate use of the technology.

    That speculative world as shitty as it is, is the only proven use case of the technology, if you take that away then blockchains are even less useful

  • So much for Blockchain's real life use cases
  • All my points? That's a bit rich

    You make a good point that PoS would solve one of the issues I raised which is electricity usage.

    In theory it could also increase throughput and reduce costs, but: a) in practice that hasn't happened yet despite years of development, b) it's never going to be as efficient as a centralised system because of the extra overheads necessary to decentralise it, so that point still stands

    All my other points still stand as well, plus the additional problems PoS creates to do with centralisation of power

  • So much for Blockchain's real life use cases
  • Ok so firstly you're not the OP I was replying to, so neither of us know for certain whether they were talking about replacing the banking system with a decentralised currency vs keeping the existing centralised private banks and just having them use a blockchain as their database. I assumed the former because of their wording ("replace the banking system"), and because the latter offers no advantages that I know of.

    Secondly if you think a blockchain would offer some advantages over other more efficient write only databases, I'd be interested to know what those are, because to me if you're not running a decentralised system then you're only getting the downsides of blockchain (such as it being single threaded, slow, and space inefficient) without any of the upsides.

    For some background, I'm well aware of how both blockchains and crypto work, having been obsessed with them for a little while in 5 or 6 years ago like many of us were before becoming disillusioned. I've also got professional experience as a developer on both immutable databases and banking ledgers.

  • So much for Blockchain's real life use cases
  • A banking system running on Blockchain

    Is an astronomically terrible idea. It:

    • would use as much electricity as an entire country
    • payments/transfers would be both much slower AND much more expensive than via a bank
    • would have no protection against fraud. You got scammed? Your money's gone. You paid for something online and it never arrived? Too bad
    • would have no way to stop money laundering
    • would have no way to help people who forgot their password, they'd just lose their life savings permanently
    • would tie up a bunch of capital, preventing reinvestment and growth. There would be no way to get a bank loan to buy a house for example
    • the list goes on
  • Andrew just wants to open his files on Windows 10
  • Eh? On Linux you also aren't supposed to log in as root, and you also have to individually set file permissions.

    This issue is unrelated to windows, it's a safety feature that all modern desktop OSes have

  • Announcing the Ladybird Browser Initiative
  • If were just a personal project that they're building entirely on their own then sure, go nuts and do whatever you want. But they're trying to gain adoption, asking for contribution, and wanting to replace other browsers. At that point it's no longer just a personal choice if you're asking the community to invest their time and money into it with you

  • Announcing the Ladybird Browser Initiative
  • Reading all of that it sounds mostly like a dev who has spent 20 years doing things the C++ way wasn't comfortable learning something new. Like basically they've been using horrible design patterns that Rust bans because they're horrible, and instead of learning better approaches they just say Rust is bad

  • I realised this today

    26