Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)
submitted a month ago by smallpatatas edited a month ago
thedabbler.patatas.ca/pages/bitcoin-is-stupid.html
35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".
F that
It already has a codepoint. ₿
You don't get a new Emoji by creating a change .org petition lol
You need to write a proper proposal and send it to the Unicode consortium: https://unicode.org/emoji/proposals.html. If it gets rejected, it's four years until you can reapply for the same Emoji.
A Bitcoin emoji was rejected in 2020 i doubt it will be any different this time.
Yeah I doubt it'd be approved... I was just saying that there's an actual process that has to be followed. The Unicode consortium aren't going to care about a Change .org partition that gets maybe 20k signatures at most given billions of people use Unicode and they've got proper processes to go through.
I absolutely agree with you.
Overnight a terrible proposal on the first day, get it rejected for everyone for four years
(I know they’d look at others)
I don't mind there being an emoji for cryptocurrency. It's a relevant thing in modern society whether we like it or not, so there's no reason it should be excluded. But just not Bitcoin, specifically. Even though Bitcoin is the one that kicked off crypto, it's still a brand name, which would result in auto-rejection according to the Unicode Consortium's guidelines.
If there was a more general-purpose icon/symbol that could represent cryptocurrency in general, that'd be more appropriate. But it can't be Bitcoin.
I wouldn't think Bitcoin has, or can, be trademarked or copyrighted, as it is an open-source protocol/technology where even the creator is unknown?
Either way there isn't a generic symbol for cryptocurrency. This emoji will go the way of the save icon, where in a couple generations most people will have no idea what it relates to, but know that it's a symbol for cryptos.
It's still the name of a specific product/service. The issue is partly trademark/copyright, but also partly a matter of neutrality. The Unicode Consortium want to ensure that they're not directly or indirectly endorsing any specific products. If they added a Bitcoin logo, then you'd see every other crypto lining up to get their logos permanently installed on every person's devices, too. Free advertising for life on 99.99% of phones would be hard to pass up.
I mean, we have a symbol for effectively any currency that anyone can or wants to fill out the paperwork for and can demonstrate the basics of "this is a meaningful symbol with more than transient relevance".
They added ₿ in 2016.
https://www.compart.com/en/unicode/category/Sc
So, if there's already a symbol in Unicode, the petition doesn't make any sense. They should ask Google and Apple to display the symbol in the emoji list, with a control character to force it as emoji.
Totally. It's double weird, because it's not a petitionable issue, it's a form where you make your case and a committee decides, *and* they already have the symbol and they just seem to want it to be usable like 💲, which isn't a thing.
Surely the Tokyo tower is a specific product then? 🗼It costs money to visit, aren't the other towers jealous?
https://unicode.org/emoji/proposals.html#Faulty_Comparison
It was added when Unicode Consortium had different guidelines. They don’t accept specific buildings anymore.
Under automatically declined:
Thanks for the explanation
https://www.fileformat.info/info/unicode/char/20bf/index.htm
It's a specific type of thing, but it's not a brand. Nobody owns the trademark for Bitcoin. Anyone can buy, sell, or mine Bitcoin. It's no more a specific product than dollars are a specific product.
Is there a problem with that? This isn't "advertising", these are unicode symbols. There are unicode symbols for all kinds of things. Every currency has unicode symbols, why not cryptocurrencies?
The creator of bitcoin is as unknown as batman's identity. The folks at the center of the main blockchain companies and stuff like that all know pretty well who created it, they just play along with the story.
if this is true, there would be some evidence
Oh, there is. But while they keep this game up, there's still plausible deniability for everything.
If whoever invented Bitcoin is still on this earth, they have a bit of a conundrum. Since we can track all transactions, and we know roughly how long Satoshi was mining the first bitcoins before other people got involved, those early accounts are sitting on over 1 million BTC. Even after today's dump, that's still over $50 billion. And for reference, the Koch family is 25th on Forbe's infamous list, estimated to be worth about $56B. So that person is one of the richest people on the planet.
However, those coins continue to remain unspent. And once they are moved in any transaction, the entire world will know. That leads to an inherent assumption that those 1M coins (out of 21M that can ever exist) must be irretrievably lost (due to their private keys being deleted), so most have taken that out of the active supply when estimating BTC value. Once they are moved, the price will probably crash -- at least 5%, but more likely much more than that. He is among the richest people in the world on paper, but if he moves any of it his wealth will collapse.
However, one doesn't have to move coins to prove they own them. Anyone with the private keys could cryptographically sign a message saying "I am Satoshi" with one of the early keys and immediately have 100% credibility. The fact that this hasn't happened means that those keys likely not longer exist. (I, personally, think Hal Finney took those keys to the grave with him, and Craig Wright is a big fat liar.)
if you can't present evidence, then you're just spreading uncertainty and doubt.
Satoshi Nakamoto is some kind of consipracy...?
https://bitcoin.org/bitcoin.pdf
Satoshi Nakamoto.
https://bitcoin.org/bitcoin.pdf
They already have that, 💩
💩🪙
Poopmoon?
Its a coin emoji, but its one of those emoji that get rendered wildly different depending on which device (and software version) you’re viewing it on
Wait it is a coin! What the what!
Hah, poop coin! For me it's like realistic moon without face, just like Samsung quality moon photo.
lol shitcoin
The problem with having cryptocurrency as emoji is agreeing on the specification how it should be drawn, and also make it different enough from already existing emojis such as coin 🪙. It is not exactly a tangible thing.
Just make it the B symbol they use in the coin? None of the others would exist in their current fashion, without Bitcoin anyway.
Bitcoin is a brand name there which means they can't do that. Also if bitcoin deserves its own symbol (and I don't think it necessarily does) then all the cryptocurrencies such as ethereum also deserve one.
Windows wouldn't have existed without DOS so it's logo should be the DOS logo. Likewise the USD emoji should be a pile of gold. \s
💩🪙
I mean it has its issues but a non regulated currency not controlled by a government is cool imo
The main issue is that it tries to fix government trust issues with private actors trust issues. It's still trust issues
Its supposed benefits are vastly overshadowed by their only practical application: allowing online crime to flourish.
¯\_(ツ)_/¯ drug users gotta get their drugs
Criminals use what works. So therefore that means that crypto actually does its job as a real currency that cannot be controlled. Criminals also have a habit of using auto mobiles, guns, computers, shoes, etc.
If criminals only used cars from brand X and nobody else used brand X, it would be viewed the same.
There are plenty of currencies out there, which normal people use. Cryptocurrencies are mainly used by criminals though.
I suppose you don't use cash then. Come on, there is almost no online crime anyway
I can buy almost everything with cash but with shitcoins I can only pay ransom. And the FBI probably won't agree there's virtually no online crime.
I don't think it should have an emoji either, but how does this rule apply to real currencies being emojis? I mean there is dollar banknote 💵 and yen banknote 💴 and euro banknote 💶 as separate emojis, not just a general money one. And honestly, even most of the emojis referencing anything that has to do with money uses dollar signs, i.e. $. Were these rules made after these emojis were already added?
It probably falls under faulty comparison:
https://unicode.org/emoji/proposals.html#Faulty_Comparison
Their guidelines change, and it’s possible these emoji were added with old guidelines. They can’t remove old emoji, which means specific buildings like Tokyo Tower🗼is an emoji, even if they prohibit the addition of specific buildings nowadays.
I saw this get brought up a lot. I think the difference is that currency symbols generally don't refer to a specific currency. USD and AUS both use the $ symbol, for example. "Dollar" and "American Dollar" aren't the same thing since other types of dollars exist, and the symbols are still *technically* multi-purpose, whereas the ₿ symbol technically refers *only* to Bitcoin.
That's my theory on the reasoning, at least.
Why in the world would you have "emojis" as part of Unicode anyway?
We already have a way to have endless "emojis" without administrative stupidity, it's called JPEG.
If you need to show text as that, we've had smileys since 90s.
Would you rather send an entire JPEG over text message for an emoji? Or just 4 bytes of unicode right inline where you want it? Unicode having a standard set of emoji is actually incredibly useful and reduces complexity. I guess it would disincentivize 👏 emoji 👏 spam 👏 to use JPEGs tho.
Just send the file hash and only download a copy if you don't have it.
I'd send :-} and :-\ and =P and D= instead of an emoji. As the founding fathers intended.
You do that. 👍
There's even more use cases that come up, like being able to use emoji and other fancy symbols anywhere unicode is supported. So you can even program with them. People have taken that idea to the extreme just for fun: https://www.emojicode.org/
Other special symbols are a different thing. For APL language or others.
They are useful, provided you have them on your keyboard or you have configurable extra keys.
Symbols specifically for emoji - I mean, people can do what they want with code space, even if I'd rather see another obscure alphabet standardized there. Medieval Armenian or Russian musical notation, for example. Something real .
Hmm, why do we need a corporation to be arbitter of the written language anyway ? If they want to use it, they should just use it.If they can't because of some central authority then Unicode is is to be abolished and replace with a system where you can usev wherever squiggle that you want and nobody gets a second opinion. You just do it.
It makes a lot more sense to implement this the way country flags are implemented in Unicode.
This will likely be rejected for one the same reasons that they decided they would not add any new flag emojis. Flags come and go. Bitcoin hasn't even been around for 20 years yet, and its future is highly uncertain.
Also, considered as a currency, it would be better as a regular text character, not an emoji. Like $, €, ¥, £, etc.
Technically, emoji doesn't even have specific flags, they just have country codes, conforming to the ISO list - actually choosing which flags will be included is up to the individual implemeters. Regional flags got a little bit complicated because they need to establish the conventions first.
I actually don't mind it being added as a text character because then I can actually use it. Using it as an emoji is useless to everyone other than the crypto bros that want to spam it on Twitter.
It already exists: ₿
Where are you unable to use emojis?
I don't know about strictly "unable" but there are a million contexts where it is a bad idea and simply not done. Like a spreadsheet or financial document. Or anywhere you want your text to behave like text — with a consistent font, color, style, etc. The difference between $ (text) and 💲 (emoji) is pretty stark in most contexts.
For example, on the dark background of the UI I am viewing your comment on, The $ symbol is in white colour (as the font has been set).
But the emoji is dark grey, and wouldn't be visible if I had a cheap, low contrast monitor.
For me it looks like this:
So the text one appears the same for both of us but the emoji one appears differently which could possibly change its meaning if they were different enough
Emoji are only supported in rich text formatted documents they're not actual text. If I type a Euro symbol it's a Euro symbol it's not a picture of a Euro symbol depending on context it's the actual Euro symbol. If I ask a computer what symbol it is the computer can tell me it's a Euro symbol, it doesn't go, ooh I don't know it's a picture.
€ 💶
One renders consistently irrespective of device viewing the other is entirely dependent of device viewing. Go look at this post on different devices and see the problem
Emoji? Why not unicode character like $ or €?
Edit: Dear OP, please stop popularizing these ₿rat's marketing ideas
This is how you end up with weird Unicode characters like 𖡄.
Your comment lead me to this overview:
https://en.wikipedia.org/wiki/Template:Unicode_chart_Bamum_Supplement
Here you'll find all the evergreens such as these, among many others:
𖠈 𖡠 𖢍 𖢯 𖣞 𖣐 𖤗 𖥓 𖤫 𖧌 𖨰
₿ like this?
That actually makes sense, that's why
Like this? ₿
If boobs don't have their emoji, bitcoin doesn't deserve it either!
We have an established tradition to represent sexual characteristics with fruit. 🍆, 🍑, 🍈 🍈.
To be fair, I whenever I go to market and see the eggplants, I feel inadequate. Also in the last decade many of the more classical substitutes have emerged in the emoji library. 🌶️, 🥒, 🥚🥚, 🌮, 🍪, 🎂, 🎃🎃
what's the cookie supposed to mean?
I think the same thing as 🍑, or 🌮, but in the context of pleasantly getting a peek due to a brief wardrobe malfunction. At least that's the context in which I've seen it.
We also need a McDonald’s emoji, Pepsi emoji, Windows emoji and Mastercard emoji. These are also brands that are heavily ingrained in our culture. Probably even more so than Bitcoin.
Or we accept that brands like Bitcoin shouldn’t use emoji as a marketing tool.
probably? shitcoin isn't even in the same
ballparkuniverse as something like McDonald's or Pepsi.Yeah McDonalds is based on torturing and murdering animals while destroying the planet.... While bitcoin is only destroying the planet like the rest of capitalism.
vegans stay on topic challenge (impossible)
bitcoin is not a company.
Also not a brand, in the trademark sense
🍟 <<< Only one brand sells French fries / Chips in this format. And it's the super-size format.
Unicode Consortium decide which emoji should be included. It’s up to each vendor themselves to come up with how they should look like. I don’t think Unicode Consortium explicitly state it must look like McDonald’s fries.
No. But the description of the Emoji is French Fries in a red carton.
Now I can't be absolutely certain only McDonald's sells french fries in a red carton, nor do I know if red french fry cartons are trademarked (answers to these questions evaded simple websearches) but I have never seen french fries sold in red cartons outside of McDonald's.
If you do find non-McDonald's french fries sold in a red carton, please point them out.
Red carton is chosen because that’s how it’s commonly depicted in cartoon images.
https://duckduckgo.com/?q=french+fries+cartoon&t=h_&iar=images&iax=images&ia=images
The red and white stripes are the generic 50's era diner fries. Flat red was introduced by McDonald's in the 1980s extra-large and super-size cartons. (Before that McDonald's fries were sold in white waxed-paper envelopes.
At KFC they’re in a red plastic box of the same format. Can’t buy them cuz of reusable packaging laws in France, but that’s what I thought first when I saw this emoji
That's fair. I had forgotten KFC made their own version of fries and boxed them in red.
💳
Since when is Bitcoin a brand lmao? I'm really struggling to see how it is comparable to McDonald's or Windows. Having a logo does not make you a corporation
The Bitcoin logo is the brand. Corporations like exchanges use this brand to market their services.
Bitcoin is a network protocol. not a brand.
The logo and name is the brand. How do you visually represent a specific payment protocol without using its logo? There’s no emoji for HTTP or TCP either.
I'm actually for the idea of emojis for protocols. Not Bitcoin specifically because I don't think it has long term potential as a deflationary virual asset, but block chain? Sure.
while there may not be an emoji for http, maybe there should be. there is sort of an unofficial one (a broken lock), and there are other protocols that have logos. as another commenter said, it's kind of silly to fight for an emojii for it, and probably sillier to fight against it.
We don't need another gzip or bzip2 logo. Lol
#
Nobody is saying Bitcoin to refer to that, ever. Come on.
maybe no one you talk to, but I assure you, it happens. it is happening right now, in this conversation
Bitcoin is digital money. A better analogy would be to campaign for a USD, Yen, euro or British pound emoji.
Oh wait, they already exist.
https://unicode.org/emoji/proposals.html#Faulty_Comparison
The existence of other emoji can’t justify the inclusion of a new emoji. Those emojis are old, and it’s unlikely they would’ve been approved under Unicode’s current guidelines.
I agree with you.
I'm not really arguing for a bitcoin emoji. Just against the McDonald's brand comparison.
BTC is not mainstream enough (and never will be) to be needed in everyday text speak.
It's also a scam. But those who fell for it and NFTs want to downtown cuz mad
How so?
Except those are real currencies the world recognizes.
Most businesses will tell you to fuck off if you try to pay them in bitcoin.
Yes and no. You can indirectly pay for things in Bitcoin using a Bitcoin credit card. Although I'm not sure why you would want to.
It's not "paying in bitcoin" if you have a random third party on your side converting it to a currency that isn't a joke.
These are not public infrastructure
Neither is Bitcoin.
yes, it is. anyone can spin up a node or download the blockchain or make an address.
Should the fediverse get an emoji? How about Matrix?
as was already said elsewhere, advocating for an emoji is silly, and advocating against one might be sillier.
Anyone can shit their pants. Is that "infrastructure"?
You think you can fool people by using a simple straw man argument technique? Come on, get your shit together. Bitcoin is infrastructure as anyone can submit transactions to the network and they will be seamlessly processed. As simple as that
the sewer is infrastructure. i don't think you understand the network protocol.
hail emoji?
Stupid indeed.
I think I should post a 1000 word essay about why I dislike the merman emoji.
bitcoinscam #tetherfraud
Suggestion: We do with the Bitcoin emoji what people did with the eggplant emoji. The B stands for butthole. So now we can do [eggplant emoji] [bitcoin emoji].
I'm sure the TOTALLY NOT HOMOPHOBIC tech bros will love it.
Have you checked your =B=?
We must do this if it happens.
Lack of emojis and also having an emoji are both good for bitcoin.
Being stupid is good for bitcoin too, probably.
Short reminder that Bitcoin was created as a reaction on the world finance crisis and to allow people like Assange to receive donations, because PayPal and similar just blocked them...
That does not mean that Botcoin is perfect, but: If the alternative system was perfect, there was not bitcoin.
Now, do we need an emoji? I don't care TBH..
I don't mind a system like bitcoin existing but bitcoin itself has way too many problems to be useful and actually is detrimental to the environment. It takes way too long to process a transaction, it is massively energy intensive for what it is, and it's been hyped up like the Californian gold Rush.
Sure it was created to solve a problem but it doesn't actually solve that problem very effectively. It also introduces an infinite number of new problems that no other currency system has ever experienced.
Infinite problems, eh? Can you name like 10?
Bitcoin is terrible for that though. High transaction fees, slow transaction speeds, everyone can see your balances and transactions (and with KYC requirements it's very easy to link a wallet and a coin to a person).
Monero is the only digital currency worth having.
Monero is great. Except for the fact that when the dev team dislikes what miners are doing, they introduce a new arbitrary rule, and everyone just goes with it. Having a process to introduce such changes unilaterally is a bug that needs to be fixed first.
Also, there's a lightning network which allows you to transact bitcoin fast and cheap. Although the privacy aspect is still not solved there.
No! Bitcoin is a scam created by scammers! Don't look at state currencies!!!! \s
This is like saying "laws aren't always enforced equally, so we should have no laws whatsoever". Bitcoin is not a helpful response.
I think, whether it's helpful is an individual decision. E.g. for people in Turkey, it's a lot more stable than their own currency. Same logic for probably dozens of other countries...
Maybe, it's not useful for you, but that's OK. No one is trying to replace your currency with it and force you to use it.
Bitcoin's "value" in USD terms has dropped ~20% in the last few days, so I'm not sure we can call it 'stable'
In 1998 the USD fell like 20% vs the yen, currencies don't always stay the same value vs. other currencies
Bitcoin regularly loses 85% of its "value" vs USD
85%
This has happened multiple times
Proprietary money is a scam.
I agree but I'm not sure BTC fit the definition of proprietary money I'm finding online. How does BTC qualify in your opinion?
Libre
It was a mistake that the Unicode people started to add emoji of their own at all ever in the first place.
My understanding is that emoji were originally added because they existed in other preexisting standards. They should have kept it at that. Now we get public discussions what concepts are important enough to "deserve" emoji, which is a stupid, pointless discussion that could have been avoided if they had not started doing that. We were able to communicate just fine before emoji were a thing.
I disagree with your opinion.
Cryptocurrency is speedrunning ruining everything. We might as well have a laugh at the cryptobros' expense in the meantime.
I loved the concept at first, the idea of a decentralized currency all handled by encryption, and transactions permamently stored in a public ledger for all to see.
Then the cryptobros and the scammers caught wind of it and it's all downhill from there.
If you want the name of a payment techology that *isn't* snake oil, isn't blockchain-based, isn't a cult, doesn't claim to be a currency, doesn't work on proof-of-work or proof-of-stake, but actually does provide certain privacy guarantees for your basic purchasing needs, is cryptographically secure, and can be used with only FOSS, I recommend looking into GNU Taler.
The only downside is that it's not really supported anywhere at all yet. But I do hope it becomes a real thing some day.
Thanks, I'll read on it :)
AFAIK there's a lot of talk about making GNU Taler the basis for the 'digital Euro' which is curently being debated at the EU Parliement.
Yea, that is interesting! I don't really understand a lot of it though. Wonder how censorship-resistant it can be, and whether the receiver would be able to cash it out anonymously.
I'm not an expert on it, but I've done a certain amount of study on it.
I'm pretty sure there are no privacy guarantees for money *receivers.* Merchants/sellers would still be identifiable by banks and governments and such. So Taler isn't what anyone selling heroin or doing murder for hire would want to be using as an accepted payment method. (At least not any more so than credit/debit card transactions will help the seller with keeping their doings secret.)
But Taler *can* keep the buyers' identity secret. Unless you're doing things in ways that reveal information about yourself, your bank and your government wouldn't know you were buying fursuits even if they knew the merchant was *selling* fursuits.
So all that to say that no, the merchant couldn't cash out anonymously.
What I don't understand is whether it is like "Taler is obtained and cashed out only in a bank, but the link between two events is unknown" or if Taler can change hands during said "link".
If the former - I really hope it gets implemented as a card replacement, but it would need to coexist with something like Monero (which is what I use now) that is more akin to cash. But I really hope that somehow non-blockchain full-on "digital cash" could one day be invented, so wonder if this could be it :)
Please describe how I can send the money to my mom in Russia (disconnected from SWIFT) with GNU Taler today. I'll wait.
I don't know how I could possibly have been more explicit about it not yet being ready for any real-world use cases than I was.
It will never be ready. It doesn't even make sense. To transact with real fiat like the US dollar, you'll have to go through an official on-ramp and an off-ramp of the respective government. And to do an international transaction you'll have to use one of the widely accepted systems like SWIFT. GNU Taler doesn't appear to address anything like that. Anyhow, my comment was made with the premise of this whole thread in mind, i.e. "Bitcoin is stupid" or "snake oil". Yet there's no alternatives to what crypto provides. So is it that stupid after all?
Exactly. With Monero, she gets it in seconds and no one can stop it.
lol the downvotes. your mom is clearly evil and doesn't deserve any money
These things weren't introduced as a gimmick they are used to solve specific problems.
GNU Taller is pretty fragile, though. One bank issues unbacked tokens and the credibility of the whole system goes down the drain. It's the current financial system, just rebranded. Also, it promotes taxation which automatically makes it a cult & scam.
The fuck? How does Taler "promote taxation?"
Fuckin' Libertarians.
Exactly like Tether. USDT was never backed 1:1 by USD. They don't even try to deny it anymore. They admit it's backed by "various assets, including BTC", which smells like a market manipulation.
"Customers can stay anonymous, but merchants can not hide their income through payments with GNU Taler. This helps to avoid tax evasion and money laundering."
I liked the idea for awhile as well. But for me, learning about the "proof of work" underpinning is what changed my mind. That - and the fact that cryptocurrency does not actually have any of the strengths that it claims to have. It's definitely and interesting idea... but in practice it's all just scams and incentivised waste.
That's interesting. I've initially written it off as a scam. Until I've learned about the proof-of-work.
Did they or did a bunch of media get pushed that told us all what these crypto bros were doing like shitting on beaches and taking our jobs.
Seriously though I'm picking up on a trend that a lot media has a greater influence on opinion then I've ever seen before
Scammers use the technology because it actually works and does what it says it does. And criminals and scammers and such are generally the first ones to adopt a new technology. Such as bank robbers adopting the automobile in order to get away faster.
Bitcoin is over 15 years old now, that's not a particularly fast speedrun.
I would rather point my finger at wall street or financial institutions not at the tools that offers a viable option to avoid these
If we're not getting an asshole emoji this will suffice.
It'll make it easier to filter out spam. If it contains this emoji, delete it.
Bitcoin already has a unicode sign, which is plenty. We don't need an emoji, we need better user access to the full unicode set. (To date, on both mobile and desktop, I have to sometimes websearch specific characters and copy-paste, and not all emoji are displayed on my PC Firefox browser, though it's better now than last year). Also curiously, the Lemmy website text editor emoji picker only places an emoji at the end of the text, not where the cursor is (and adds a space I don't want).
The current Emoji library has a frog face, 🐸 not a frog body. That's a higher priority than a bitcoin. I could see some kind of generic crypto coin, maybe. Maybe.
On a parallel subject, I do think the international community would do well to create a decentralized currency, and I do think blockchain may figure into this, but it needs to be secure and allow for anonymous transactions, and not allow for tampering with the ledger. Bitcoin has failed on all three accounts. We need a better, more robust system, but it seems all current cryptocurrencies are practice, and toys for prospectors and gamblers until we make a robust one.
I absolutely do not want to encourage the ransomware industry.
Absolutely agree. Unfortunately, it would probably be negatively stigmatized for [insert illegal hot-button topic] like encrypted messaging is.
Lol what? No legitimate bitcoin critics make these claims against Bitcoin. The ledger is immutable and the transactions are pseudo anonymous. In fact your typical bitcoin critic lists these as downsides ("no way to reverse mistakes" and "cannot prevent money laundering") right after the criticisms about energy consumption.
You legitimately have no idea what you're talking about.
I'm *not* a Bitcoin or crypto expert (though I remember news about a decade ago about unrelated data, including pictures, ending up in the ledger. Maybe they fixed it?) Rather I think about what I'd want in a currency that we don't have in state-backed currencies.
And yes, anonymity of transactions is one of the, money laundering is about justifying gains to a surveillance state on the grounds that only state-approved transactions should be allowed. Like the internet, the economy is and should be bigger than the regional states we have, unless you want Hollywood telling you what content you are allowed to watch and how many times before your license expires.
One of the problems with state-proprietary banking systems is that they can be manipulated for political purposes. It's nice when this means depriving dicks of their money (say Putin and Russian Oligarchs) but it's not very nice when it's used to silence journalists who embarrass the ownership class (e.g. Wikileaks) or is used by industrialists to block competition (e.g. the MPAA and RIAA arranging for the freezing of Kim Dotcom's assets, and those of Megaupload, which was about to release a new music distribution system).
The point is to create a currency that states cannot control or regulate.
Yes, there are matters like the black market. CSAM transactions have become more difficult to trace while cryptocurrencies are stable, but I suspect these can be addressed piecemeal when we actually confront problems like drug abuse and porn production. As it is, the people who do the most damage, cause the most cost and death have enough influence on state regulators of currency so as to not need to launder money. (Though they may fold conflict diamonds into ones mined from legitimate sources.)
You said the Bitcoin ledger is mutable. It's not. You said Bitcoin isn't anonymous and that's mostly true because it's pseduo-anonymous which can be fully anonymous if you want it to be.
Does anyone remember when one of Maine's US Senators lobbied Unicode to create a lobster emoji?
That's the majestic and ancient lobster, and having an emoji for such a fine creature makes sense.
This is Bitcoin
Yeah I just think it's funny a Senator took time out of his day to be like "we need a lobster emoji"
Can't believe I wasted brainspace reading that garbage
Woah way too many emojis already!
😀😃😄😁😆😅🤣😂🙂😉😊😇🥰😍🤩😘😗😚😙😏
There's an emoji for nonbinary zombie🧟
There's an emoji for "I can't get my map to fold back up"🗺️
There's even an emoji for a pregnant super Saiyan I think🫄🏼
But there's no emoji for riding two giraffes at the same time, so hieroglyphics still wins 𓀬
This message right here ⤴️
This is the same thing as saying "there's too many music!", "there's too many art!"
You can't have enough emojis. Ever.
Oh it's on!
Still not many enough for actual emotions.
All right. I have prepared for this over the last day. I've copied and reformatted this full list of Unicode single emojis! You asked for this!
Don't emoji open inside
©️ ®️ ‼️ ⁉️ ™️ ℹ️ ↔️ ↕️ ↖️ ↗️ ↘️ ↙️ ↩️ ↪️ ⌚️ ⌛️ ⌨️ ⏏️ ⏩️ ⏪️ ⏫️ ⏬️ ⏭️ ⏮️ ⏯️⏰️ ⏱️ ⏲️ ⏳️ ⏸️ ⏹️ ⏺️ Ⓜ️ ▪️ ▫️ ▶️ ◀️ ◻️ ◼️ ◽️ ◾️ ☀️ ☁️ ☂️ ☃️ ☄️ ☎️ ☑️ ☔️ ☕️ ☘️ ☝️ ☠️ ☢️ ☣️
☦️ ☪️ ☮️ ☯️ ☸️ ☹️ ☺️ ♀️ ♂️ ♈️ ♉️ ♊️ ♋️ ♌️ ♍️ ♎️ ♏️♐️ ♑️ ♒️ ♓️ ♟️♠️ ♣️ ♥️ ♦️ ♨️ ♻️ ♾️ ♿️ ⚒️ ⚓️ ⚔️ ⚕️ ⚖️ ⚗️ ⚙️ ⚛️ ⚜️ ⚠️ ⚡️ ⚧️ ⚪️ ⚫️ ⚰️ ⚱️ ⚽️ ⚾️ ⛄️ ⛅️ ⛈️ ⛎️ ⛏️ ⛑️ ⛓️ ⛔️ ⛩️ ⛪️
⛰️ ⛱️ ⛲️ ⛳️ ⛴️ ⛵️ ⛷️ ⛸️ ⛹️ ⛺️ ⛽️ ✂️ ✅️ ✈️ ✉️ ✊️ ✋️ ✌️ ✍️ ✏️ ✒️ ✔️ ✖️ ✝️ ✡️ ✨️ ✳️ ✴️ ❄️ ❇️ ❌️ ❎️ ❓️ ❔️ ❕️ ❗️ ❣️ ❤️ ➕️ ➖️ ➗️ ➡️ ➰️ ➿️ ⤴️ ⤵️ ⬅️ ⬆️ ⬇️ ⬛️ ⬜️ ⭐️ ⭕️ 〰️ 〽️
㊗️ ㊙️ 🀄 🃏🅰️ 🅱️ 🅾️ 🅿️ 🆎 🆑 🆒 🆓 🆔 🆕 🆖 🆗 🆘 🆙 🆚 🈁 🈂️ 🈚 🈯 🈲 🈳 🈴 🈵 🈶 🈷️ 🈸 🈹 🈺 🉐 🉑
🌀 🌁 🌂 🌃 🌄 🌅 🌆 🌇 🌈 🌉 🌊 🌋 🌌 🌍 🌎 🌏 🌐 🌑 🌒 🌓 🌔 🌕 🌖 🌗 🌘 🌙 🌚 🌛 🌜 🌝 🌞 🌟 🌠 🌡️ 🌤️ 🌥️ 🌦️ 🌧️ 🌨️ 🌩️ 🌪️ 🌫️ 🌬️
🌭 🌮 🌯 🌰 🌱 🌲 🌳 🌴 🌵 🌶️ 🌷 🌸 🌹 🌺 🌻 🌼 🌽 🌾 🌿 🍀 🍁 🍂 🍃 🍄 🍅 🍆 🍇 🍈 🍉 🍊 🍋 🍌 🍍 🍎 🍏 🍐 🍑 🍒 🍓 🍔 🍕 🍖 🍗 🍘 🍙 🍚 🍛 🍜 🍝 🍞 🍟 🍠 🍡 🍢 🍣 🍤 🍥 🍦 🍧 🍨 🍩 🍪 🍫 🍬 🍭 🍮 🍯 🍰 🍱 🍲 🍳 🍴 🍵 🍶 🍷 🍸 🍹 🍺 🍻 🍼 🍽️ 🍾 🍿 🎀 🎁 🎂
🎃 🎄 🎅 🎆 🎇 🎈 🎉 🎊 🎋 🎌 🎍 🎎 🎏 🎐 🎑 🎒 🎓 🎖️ 🎗️ 🎙️ 🎚️ 🎛️ 🎞️ 🎟️ 🎠 🎡 🎢 🎣 🎤 🎥 🎦 🎧 🎨 🎩 🎪 🎫 🎬 🎭 🎮 🎯 🎰 🎱 🎲 🎳 🎴
🎵 🎶 🎷 🎸 🎹 🎺 🎻 🎼 🎽 🎾 🎿 🏀 🏁 🏂 🏃 🏄 🏅 🏆 🏇 🏈 🏉 🏊 🏋️ 🏌️ 🏍️ 🏎️ 🏏 🏐 🏑 🏒 🏓 🏔️ 🏕️ 🏖️ 🏗️ 🏘️ 🏙️ 🏚️ 🏛️ 🏜️ 🏝️ 🏞️ 🏟️ 🏠 🏡 🏢 🏣 🏤 🏥 🏦 🏧 🏨 🏩 🏪 🏫 🏬 🏭 🏮 🏯 🏰 🏳️ 🏴 🏵️ 🏷️ 🏸 🏹 🏺 🏻 🏼 🏽 🏾 🏿
🐀 🐁 🐂 🐃 🐄 🐅 🐆 🐇 🐈 🐉 🐊 🐋 🐌 🐍 🐎 🐏 🐐 🐑 🐒 🐓 🐔 🐕 🐖 🐗 🐘 🐙 🐚 🐛 🐜 🐝 🐞 🐟 🐠 🐡 🐢 🐣 🐤 🐥 🐦 🐧 🐨 🐩 🐪 🐫 🐬 🐭 🐮 🐯 🐰 🐱 🐲 🐳 🐴 🐵 🐶 🐷 🐸 🐹 🐺 🐻 🐼 🐽 🐾 🐿️ 👀 👁️ 👂 👃 👄 👅
👆 👇 👈 👉 👊 👋 👌 👍 👎 👏 👐 👑 👒 👓 👔 👕 👖 👗 👘 👙 👚 👛 👜 👝 👞 👟 👠 👡 👢 👣 👤 👥 👦 👧 👨 👩 👪 👫 👬 👭 👮 👯 👰 👱 👲 👳 👴 👵 👶 👷 👸 👹 👺 👻 👼 👽 👾 👿 💀 💁 💂 💃 💄 💅 💆 💇
💈 💉 💊 💋 💌 💍 💎 💏 💐 💑 💒 💓 💔 💕 💖 💗 💘 💙 💚 💛 💜 💝 💞 💟 💠 💡 💢 💣 💤 💥 💦 💧 💨 💩 💪 💫 💬 💭 💮 💯 💰 💱 💲 💳 💴 💵 💶 💷 💸 💹 💺 💻 💼 💽 💾 💿 📀 📁 📂 📃 📄 📅 📆 📇 📈 📉 📊 📋 📌 📍 📎 📏 📐 📑 📒 📓 📔 📕 📖 📗 📘 📙 📚 📛 📜 📝 📞 📟 📠 📡 📢 📣 📤 📥 📦 📧 📨 📩 📪 📫 📬 📭 📮 📯 📰 📱 📲 📳 📴 📵 📶 📷 📸 📹 📺 📻 📼 📽️ 📿
🔀 🔁 🔂 🔃 🔄 🔅 🔆 🔇 🔈 🔉 🔊 🔋 🔌 🔍 🔎 🔏 🔐 🔑 🔒 🔓 🔔 🔕 🔖 🔗 🔘 🔙 🔚 🔛 🔜 🔝 🔞 🔟 🔠 🔡 🔢 🔣 🔤 🔥 🔦 🔧 🔨 🔩 🔪 🔫 🔬 🔭 🔮 🔯 🔰 🔱 🔲 🔳 🔴 🔵 🔶 🔷 🔸 🔹 🔺 🔻 🔼 🔽 🕉️ 🕊️ 🕋 🕌 🕍 🕎
🕐 🕑 🕒 🕓 🕔 🕕 🕖 🕗 🕘 🕙 🕚 🕛 🕜 🕝 🕞 🕟 🕠 🕡 🕢 🕣 🕤 🕥 🕦 🕧 🕯️ 🕰️ 🕳️ 🕴️ 🕵️ 🕶️ 🕷️ 🕸️ 🕹️ 🕺 🖇️ 🖊️ 🖋️ 🖌️ 🖍️ 🖐️ 🖕 🖖 🖤 🖥️ 🖨️ 🖱️ 🖲️ 🖼️ 🗂️ 🗃️ 🗄️ 🗑️ 🗒️ 🗓️ 🗜️ 🗝️ 🗞️ 🗡️ 🗣️ 🗨️ 🗯️ 🗳️ 🗺️ 🗻 🗼 🗽 🗾 🗿
😀 😁 😂 😃 😄 😅 😆 😇 😈 😉 😊 😋 😌 😍 😎 😏 😐 😑 😒 😓 😔 😕 😖 😗 😘 😙 😚 😛 😜 😝 😞 😟 😠 😡 😢 😣 😤 😥 😦 😧 😨 😩 😪 😫 😬 😭 😮 😯 😰 😱 😲 😳 😴 😵 😶 😷 😸 😹 😺 😻 😼 😽 😾 😿 🙀 🙁 🙂 🙃 🙄
🙅 🙆 🙇 🙈 🙉 🙊 🙋 🙌 🙍 🙎 🙏 🚀 🚁 🚂 🚃 🚄 🚅 🚆 🚇 🚈 🚉 🚊 🚋 🚌 🚍 🚎 🚏 🚐 🚑 🚒 🚓 🚔 🚕 🚖 🚗 🚘 🚙 🚚 🚛 🚜 🚝 🚞 🚟 🚠 🚡 🚢 🚣 🚤 🚥 🚦 🚧 🚨
🚩 🚪 🚫 🚬 🚭 🚮 🚯 🚰 🚱 🚲 🚳 🚴 🚵 🚶 🚷 🚸 🚹 🚺 🚻 🚼 🚽 🚾 🚿 🛀 🛁 🛂 🛃 🛄 🛅 🛋️ 🛌 🛍️ 🛎️ 🛏️ 🛐 🛑 🛒 🛕 🛖 🛗 🛜 🛝 🛞 🛟 🛠️ 🛡️ 🛢️ 🛣️ 🛤️ 🛥️ 🛩️ 🛫 🛬 🛰️ 🛳️ 🛴 🛵 🛶 🛷 🛸 🛹 🛺 🛻 🛼
🟠 🟡 🟢 🟣 🟤 🟥 🟦 🟧 🟨 🟩 🟪 🟫 🟰 🤌 🤍 🤎 🤏 🤐 🤑 🤒 🤓 🤔 🤕 🤖 🤗 🤘 🤙 🤚 🤛 🤜 🤝 🤞 🤟 🤠 🤡 🤢 🤣 🤤 🤥 🤦 🤧 🤨 🤩 🤪 🤫 🤬 🤭 🤮 🤯 🤰 🤱 🤲 🤳 🤴 🤵 🤶 🤷
🤸 🤹 🤺 🤼 🤽 🤾 🤿 🥀 🥁 🥂 🥃 🥄 🥅 🥇 🥈 🥉 🥊 🥋 🥌 🥍 🥎 🥏 🥐 🥑 🥒 🥓 🥔 🥕 🥖 🥗 🥘 🥙 🥚 🥛 🥜 🥝 🥞 🥟 🥠 🥡 🥢 🥣 🥤 🥥 🥦 🥧 🥨 🥩 🥪 🥫 🥬 🥭 🥮 🥯
🥰 🥱 🥲 🥳 🥴 🥵 🥶 🥷 🥸 🥹 🥺 🥻 🥼 🥽 🥾 🥿 🦀 🦁 🦂 🦃 🦄 🦅 🦆 🦇 🦈 🦉 🦊 🦋 🦌 🦍 🦎 🦏 🦐 🦑 🦒 🦓 🦔 🦕 🦖 🦗 🦘 🦙 🦚 🦛 🦜 🦝 🦞 🦟 🦠 🦡 🦢 🦣 🦤 🦥 🦦 🦧 🦨 🦩 🦪 🦫 🦬 🦭 🦮 🦯
🦰 🦱 🦲 🦳 🦴 🦵 🦶 🦷 🦸 🦹 🦺 🦻 🦼 🦽 🦾 🦿 🧀 🧁 🧂 🧃 🧄 🧅 🧆 🧇 🧈 🧉 🧊 🧋 🧌 🧍 🧎 🧏 🧐 🧑 🧒 🧓 🧔 🧕 🧖 🧗 🧘 🧙 🧚 🧛 🧜 🧝 🧞 🧟 🧠
🧡 🧢 🧣 🧤 🧥 🧦 🧧 🧨 🧩 🧪 🧫 🧬 🧭 🧮 🧯 🧰 🧱 🧲 🧳 🧴 🧵 🧶 🧷 🧸 🧹 🧺 🧻 🧼 🧽 🧾 🧿 🩰 🩱 🩲 🩳 🩴 🩵 🩶 🩷 🩸 🩹 🩺 🩻 🩼 🪀 🪁 🪂 🪃 🪄 🪅 🪆 🪇 🪈 🪐 🪑 🪒 🪓 🪔 🪕 🪖 🪗 🪘
🪙 🪚 🪛 🪜 🪝 🪞 🪟 🪠 🪡 🪢 🪣 🪤 🪥 🪦 🪧 🪨 🪩 🪪 🪫 🪬 🪭 🪮 🪯 🪰 🪱 🪲 🪳 🪴 🪵 🪶 🪷 🪸 🪹 🪺 🪻 🪼 🪽 🪿 🫀 🫁 🫂 🫃 🫄 🫅 🫎 🫏 🫐 🫑 🫒 🫓 🫔 🫕 🫖 🫗 🫘 🫙 🫚 🫛 🫠 🫡 🫢 🫣 🫤 🫥 🫦 🫧 🫨 🫰 🫱 🫲 🫳 🫴 🫵 🫶 🫷 🫸
Thank you! This may come in handy later!
fighting for bitcoin to get an emoji is stupid, but fighting against it might be even stupider. surely there are more important things to spend your time and energy on. it's a fucking emoji. who cares?
millions of people who use emojis would constantly see it. It would slowly start to feel more familiar to them and increase its acceptance. If that works, others would try to do the same and we would have every and any company put their logos in. If it doesnt then it doesnt matter that much, but i dont want to risk yet another avenue for corporations to worm into peoples minds.
Personally i dont care about emojis at all but i do care about general mentalspace.
It would create legitimation and that could further increase its popularity
normalizing scams, by laundering their image via standards organizations, pollutes our communications environment. Both an emoji and a petition are symbolic - and our symbols are in fact important.
Bitcoin isn't a scam. All non-bitcoin cryptocurrencies are scams.
People often hear about stuff like coins that are pre-mined, or proof-of-stake and the schemes and scans that come out of those, and immediately associate Bitcoin with the same thing.
That is also not 100% true. There are several altcoins with fantastic utility. Monero and Ethereum come to mind.
Exactly. Most cryptocurrencies are scams, but a handful are fantastic. Ethereum is cool for being proof-of-stake (so no high-energy mining), and Monero is cool for being super privacy-oriented. There are a handful more, but honestly, if you stick with Bitcoin, Ethereum, and Monero, you'll be fine.
That's pretty much exactly my thought. I hold a very very small amount in Polygon, but only in order to pay the gas fees for the Polygon network. So I never have more than a few US dollars worth in it at a time.
Ethereum has scam characteristics though. The creator Vitalik gave himself time to mine it alone before giving public access. He secured for himself quite a nice stash
That's true. I suspect the application programming is the only reason that it actually took off.
I wouldn't argue with that. I was mostly generalizing.
Of course bitcoin is a scam. It's a "currency" you can't spend anywhere. It's only purpose is a pump and dump scheme for early adopters.
You could've at least pretended to have done some basic research...
Lol
This is exactly what many alt-coins are but Bitcoin is decidedly not.
You're confusing "easy to mine" with "early adopter scam".
Don't buy Bitcoin. It's going to crash!
How is it like to have nothing going on in your life so you create a petition about emojis?
Uh oh guys, we got a salty bag holder 😂
They edited their post about an hour after you replied. Just a heads up.
Thanks. Although to be honest I'm not sure what their edit was - does Lemmy not have a way to view a post's edit history?? Seems like a problem...
I don't think so, presumably mods can.
💩
₿uttcoin (( should have an emoji too then!
Should just be a generic crypto currency symbol with a rug being pulled from under it.
Fuck Emojis
Bitcoin is stupid, but the point of Unicode is that we have a symbol for everything that has a commonly recognized symbol or representative value, or even uncommonly recognized.
If ⅌ gets a character, or all the symbols of the Byzantine musical notation system, I'm not sure why a typically recognized symbol for a cryptocurrency shouldn't.
The weird bit is that they put together a petition. All you really need to do is submit a proposal and show that it's a notable symbol and not owned by anyone in particular or a brand icon.
Here's the proposal to add "goose" to Unicode. They even added a few joke-y bits, but they made a valid argument that "goose" is a symbol that people recognize. And now... 🪿
I don't disagree with the overall comment, but there's a difference between character and emoji. ⅌ got a character, but so did ₿ already.
There really isn't a difference between a character and an emoji beyond an emoji being a stylized rendering of a character, or a character whose use is intended as a pictograph.
https://www.unicode.org/reports/tr51/#Introduction
They're all just Unicode code points, although I suppose there's some distinction between the characters with more context specific meaning or the ones that are more apt to modification a la 🧑⚕️👩🏿⚕️. But you've also got 💲 and $, where "bold dollar sign" is often represented as green, but "dollar sign" tends to be represented in contextual style. Is ☣ a character or an emoji? What about the thousands of "other symbols" as defined by the Unicode spec which may or may not have special character renderings depending on your platform and font?
And yeah, I didn't know that character existed, so now it's doubly confusing why anyone is asking for anything. The symbol has meaning, and it's in the big book of meaningful symbols. Not sure what more they want.
There's no ambiguity.
Emoji are characters in the emoticons code block (U+1F600..U+1F64F). Emoji are indeed a subset of characters, but anything outside that block is not an emoji.Edit: jumped the gun on that definition, just took the code block from Wikipedia. But there is no ambiguity on which character is an emoji and which is not. The Unicode Consortium publishes lists of emoji and guidelines on how they should be rendered.
Gotcha, so ⌚(U+231A, miscellaneous technical block) *isn't* an emoji, despite it clearly being a pictograph, and there are only 80 emoji?
I feel like this definition isn't in line with either the lay definition of emoji, nor the technical definition
Emoji are seriously just Unicode characters that sometimes get rendered as a fancy image. That's it. There's an entire bit about how different characters have different conventional presentations and a codified system of "default" for image or "text".
That's why there's things like ☣️ and ☣. Same codepoint, but different presentation hints. (I'm assuming that our various systems will do the right thing and capture the presentation hints, otherwise I'm going to look very odd putting the same symbol over and over :-) )
I rushed to just grab that codeblock from Wikipedia. But the selection of which characters are considered emoji is not arbitrary. The Unicode Consortium (their Unicode Emoji Standard and Research Working Group to be exact) publishes those list and guidelines on how they should be rendered. I believe the most recent version of the standard is Emoji 15.1.
Edit: I realized I'm going off track here by just reacting to comments and forgetting my initial point. The difference I was initially alluding to is in selection criteria. The emoji. for assigning a character a Unicode codepoint is very different from the criteria for creating a new emoji. Bitcoin has a unique symbol and there is a real need to use that symbol in written material. Having a unicode character for it solves that problem, and indeed one was added. The Emoji working group has other selection criteria (which is why you have emoji for eggplant and flying money, and other things that are not otherwise characters. So the fact that a certain character exists, despite its very limited use, has no bearing on whether something else should have an emoji to represent it.
Emoji are stupid and deserve Bitcoin. We don't deserve either of these unintelligible pictograph shorthands. Alphabets exist for multiple reasons.
I couldn't disagree more, emojis are amazing. They bring life to conversation, they help convey emotions, and they can be fun !
Have you ever had an autism evaluation? Emojis are indispensable to convey context and mood to text.
this dude don't know what 🚶🏠⛈️🚗🚫 means 🤣
Was someone on your lawn this morning?
Bitcoin has the right idea, but did not execute it properly, primarily because it was the first and technology has improved and it has not. Monero is actually doing what bitcoin was meant to do and acting as a transactional currency, medium of exchange, and store of value.
Monero will not scale. All attempts at "improved" altcoins have just sacrificed scalability in exchange for features that look good in the short term to investors that don't know any better.
There are people dedicated specifically to Monero scaling and they are a hell of a lot smarter than me and do not see any reason why it cannot be scaled properly. Look at some talks by Articmine
I'm not interested in spending a ton of time on this, but I did go and watch this short interview with him about scaling misconceptions.
Wasn't convincing at all. For one, the guy comes across as kind of dishonest. Not scammer-level dishonest, but more like a politician. The main thing though is that he's just a big-blocker, which is just a total dead end. Having everyone store every single transaction that was ever made until the end of time is just not realistic.
In order to scale to any globally significant number of users, a cryptocurrency needs a second layer to aggregate transactions, such as Lightning. Monero seems to have nothing in this regard beyond "However, academic and industry research is ongoing and promising in this area."
You should not be investing money in something based on this level of understanding, and you *definitely* should not be advocating it to others. Scaling is an existential problem for cryptocurrencies. Their utility is based on their monetary value, and their monetary value is based on investor assessment of their future utility. Without the ability to scale, there will be no growth in utility, which means no investment other than temporary dumb money, which becomes a vicious cycle.
IMO, you shouldn't be investing in cryptocurrencies or any currencies for that matter. Currencies should be used, not hoarded with the expectation of gain. If you're buying cryptocurrencies as an investment, you've already lost.
Where cryptocurrencies have value is as a medium of exchange. In many parts of the world, the central bank isn't trustworthy and end up causing runaway inflation, such as in Venezuela, Argentina, and Turkey. This is because there is a lot of political gains to be had by manipulating the currency to make things appear better than they are. The US hasn't had this issue largely because the Federal Reserve is largely immune to politics (they're appointed by the executive and confirmed by the Senate, but that's about it). But that's not guaranteed to always be the case. Board members can be removed, and the President and Senate can theoretically pack the Federal Reserve board in the same way as packing the Supreme Court.
The great thing about cryptocurrencies is that you don't need to trust anyone to use it. Here are the parties involved in a transaction:
Each of those has checks in place. You and the other party don't need to exchange secrets, only information that is totally acceptable to be shared (pub keys, not private keys). With something like Monero, you can even make a separate key for each transaction if you'd like. Miners compete against each other to validate transactions accurately, and if a miner tries to cheat, their results are excluded. Source code maintainers work in the open, so researchers (or you!) can and do look at the code.
With fiat, you have to trust the central bank and banking regulators. If you don't trust your central bank, you're SOL.
The cost of using a cryptocurrency vs a central bank is that lack of central oversight, meaning you'll see more variation in valuations. However, this should smooth out as more people use it as a currency (so more even inflows vs outflows). There isn't something like the US dollar or Euro's target 2% inflation rate, so we could see deflation instead of inflation if cryptocurrencies catch on or if people flee to it from investments in a bear market or something.
The value of a cryptocurrency is the demand for that currency. Just like fiat, it has value if we believe it has value. Fiat currencies aren't based on anything more than supply and demand for that currency, just like crytocurrencies, with the big distinction that valuations also take into account trust in the backing back (whereas cryptocurrencies include trust in the network and code).
Cryptocurrencies literally cannot function without speculative investment. Even in the absence of formal investors, *someone* has to be the first person to accept the tokens in exchange for something of value, in hopes that they will have value of their own in the future. Until then, the tokens are unusable.
Further, the market cap and liquidity of a cryptocurrency impose practical limits on what it can be used for. You can't very well conduct a billion dollar transaction through a cryptocurrency that has a market cap in the millions. Investment raises the market cap, "unlocking" these higher-value use cases. Conversely, loss of investor confidence will reduce the market cap, and effectively reduce the utility of the coin.
This is why ability to scale is so important. The current market values of Bitcoin and the various alts are based far more on speculative investment than they are on usage. Those investors believe that the coins will see far more usage (and have far more natural demand) in the future than they do today. If that turns out not to be the case due to an inability to scale, investors will start to flee, and the vicious cycle will start.
While I personally agree that we should not store all transactions for all time, our storage capability is going to get exponentially better. We are able to store data in 3D discs with lasers now and can store petabytes in a single disc the size of your typical old CD-ROM and even store data in DNA if we wish. These obviously aren't going to be included in your desktop computer anytime in the near future, but they do currently exist and show that storage will not be a problem for a very very long time.
Scalability isn't quite as simple as "how much data can a well-off enthusiast from a developed country store". You need to consider the behavior of your lowest common denominator users.
You want as many users as possible to run fully-verifying nodes, rather than SPV ("simplified payment verification") nodes that can be tricked by a malicious miner. The more transactions are being done through SPV nodes, the more potential payoff there is for an attacker, and the more resources they can dedicate to an attack.
Further, if your number of full nodes gets low enough, it becomes feasible for state actors to track down and compromise the remaining node operators. At that point, you may as well just be using a centralized, government approved payment system instead.
Look at my totally stable store of currency bro, trust me bro, this is totally useful as a means of exchange and you can trust in its future value bro, just believe me.
Now, overlay that price chart with a transaction count chart averaged out over say 90 days and what you will notice is that big spike up to 400 and above was at basically no transaction volume which makes it seem more like that was hype. Looking at the price chart over shorter timeframes such as a year will show you that the transaction count is actually increasing now and the price is staying quite stable.
"Ignore the glaring flaws and look only at the parts I tell you to" is great fiscal policy and inspires a lot of trust. You nerds are basically sending PGP emails to each other and pretending it's money. It isn't — it's literally nothing.
Well, we will just have to agree to disagree.
No, because the rest of us have to deal with the environmental destruction wrought by your virtual paperclip maximizer. it affects everyone.
I don’t know if this argument is the winner you thought it was. A currency where people aren’t using it as a means of exchange because of price fluctuations is a failure.
No, no, hear them out. It's actually super great that when you walk into the grocery store the loaf of bread is $1.50, and by the time you walk to the bread aisle it's $0.72, and by the time you walk to the cashier it's $2.10. This is actually super great, because there's also a medium country's worth of electricity being consumed to enable that.
When i pick up a loaf of bread its 0.012, and when i check out its 0.012. Currentsies are going to shift against each other. The exact same thing would occur if you walked into a store in, say, Germany and handed them dollars. Also, do you mind telling me how much energy the banking system uses to run their equipment, build their buildings, have their employees come to their branches, move armored trucks full of cash, etc. Like, I can understand the power use thing being an issue. But if you want to go after something that would make more of a difference, how about figuring out thermal bricks or something for industries making glass? Which produces a hell of a lot more greenhouse gases than crypto mining does. Industrial processes are a huge polluter. Or how about the global transportation system?
It fluctuates with an I narrow range, and as it gets more adoption, that range is continuing to narrow. As a matter of fact, I sell items for Monero and I keep my prices completely stable and people do come to buy things. https://xmrbazaar.com/user/shortwavesurfer2009/. I have my prices set in such a way that they will stay stable until at least December 1st of 2024 at which time I will update them if need be.
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Creeping my posts form days ago? That isn't weird or anything. I'm guessing you're trying to make a point in there somewhere, but you'll have to point it out to me.
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We're talking about currencies, not stocks, but I'm not surprised that crypto bros think their imaginary coins an somehow both appreciate in value like an investment while also being stable enough to use as a currency.
I've said it before and I'll say it again:
True bitcoiners 🤝 no-coiners "Bitcoin should be illegal"
This is 100% wrong
Maybe we don't need a Bitcoin emoji, but we absolutely need a Doge emoji.
🐶 there's already one
Lol, doge
Duh, it's stupid. Bitcoin is the snitchcoin. Broadcasts all details of all transactions, everywhere, always, forever.
Monero.
You have to do some mild gymnastics to buy monero here but yes this is what I use for sensitive transactions too.
It’s weird because theoretically there is some kind of law that makes it harder to buy it but there are services that let you do it anyway so I am guessing it’s a cat and mouse game.
Emoji of a currency used for shady shit is the last thing it needs tho lol, it would be kinda like private tracker putting ad on YouTube or smh
I agree. 💲💸💵💴💶💷💳💰 should all be removed from Unicode as those currencies are used for shady shit. /s
Touché
Right now, sure, it's just know the guy for it. Or swap bitcoin for it on bisq.network
Also your business is none of mine. I have no concerns and you haven't of mine, thank you very much.
Biz is biz
No but if I’d be doing anything other than piracy I wouldn’t be typing things I am typing even
I am autistically obsessed with niche underground internet things. though that one isn’t really one of them I guess
Yeah, because typing about wisdom isn't viable, huh?
Bitcoin Lightning fixes this. Monero built its first layer with this assumption, and now it's impossible to check if there has been an inflation bug like the Value Overflow Incident.
When (not if) there's an inflation bug, the attacker will be able to sell his free XMR indefinitely.
No. It doesn't change any of that. It's still trackable %100
Lightning payments are onion routed, like Tor traffic.
Still not close to the same. That's borrowed functions on one chain. Monero is triple encrypted. You crack one and you got no time left before the next chain flips the whole shebang.
If monero is using sane, modern encryption algorithms, "triple encryption" doesn't really get you meaningfully more security.
It already takes an insane amount of time to brute force good encryption algorithms, so if people are cracking your encryption, they're doing it via some vulnerability/flaw/exploit in the algorithm which allows then to crack things much faster than brute forcing. If you use the same encryption algorithm for all three layers, you just have to exploit it three times instead of one, which isn't really adding any difficulty to a competent attacker.
What if you use three *different* encryption algorithms, you may ask? Well, that's even worse because you've now tripled the attack surface of your encryption scheme.
It's not close to the same thing, but definitely not trackable 100%, and comparable levels of privacy. Having less elegant code doesn't change that. If you'd like, we can perform a test in which I make a lightning payment and you track it.
I don't think it's likely that an attacker can crack even your first layer of encryption in the time it takes for a transaction to propagate and settle.
Is the government spreading anti-cryptocurrency propaganda or did lemmy got invaded by idiots recently?
No, people just don't like crypto because it's a huge waste of energy that has no use for the average person at the moment and is only used by rich people to get richer without much regulation. Don't get me wrong, it might definitely be useful when used correctly in the future. Not wasting as much energy by ditching proof of work, becoming actually useful for normal transactions, etc. But right now it's just an overhyped technology for obnoxious cryptobros.
I mean...I'll go one further. I know there have been many historical "aged like milk" quotes, like about how much RAM computers need, but I'm still saying this in confidence: I don't think that cryptocurrency or blockchains will ever have a useful purpose. Their design is built to solve societal problems, but introduces worse problems in implementing them. This goes well beyond just taking too much electricity.
They already have a useful purpose. Sending crypto is much easier than sending different currencies into different countries. The services exist, but they are prohibitively expensive if you're sending like $50
Send Monero or something and it's far easier and faster. You can exchange it for your own currency locally or just sit on it.
Just gonna copy/paste this from someone else's comment in this thread: https://www.reuters.com/technology/california-dmv-puts-42-million-car-titles-blockchain-fight-fraud-2024-07-30/
So... whoops. That didn't take long, huh?
Every time one of these articles is posted, I predict a very very short investigation into the technical workings of the project will find that the same could’ve been done with a much simpler central database. Or, that they were actually using a database at the backend and wasting their whole crypto approach.
And we all know technology never changes or improves over time. Good catch.
https://www.reuters.com/technology/california-dmv-puts-42-million-car-titles-blockchain-fight-fraud-2024-07-30/
I can almost see the monk smacking an orphan for holding the spoon in the wrong hand :D
Bitcoin ≠ cryptocurrency.
Ethereum lowered it's power consumption by over 99% after switching to Proof-of-Stake.
Bitcoin was *the first cryptocurrency* and we don't even fucking know who came up with it.
How about we don't throw away the possibility of 5.1 Surround Sound Blu-Ray Audio, because wax cylinders sound like shit?
"Computers are cool and all, but they take up entire rooms and only do simple calculations! It's a complete waste of time and money to invest in such a technology!"
^That's you
This is actually part of government propaganda to discredit cryptocurrencies.
Lemmy servers consume energy too and half of the content is memes, i don't see anyone complaining about it.
You can't begin to imagine just how much energy cryptocurrencies use. A web server can never come close.
but AI model training can.
Pretty sure people have been shitting on AI pretty heavily as well, partly for those reasons (but also for several others).
I'm sure meta or google energy usage is up there but i've yet to see someone complaining about mr.beast or cristiano ronaldo wasting energy with their videos.
Maybe because people value entertainment more than invisible money that won't help them anyway.
Yeah because they have a lot of servers. The problem is each individual web server does not use a lot of energy whereas each individual server running a crypto currency blockchain uses a lot of energy for that one server.
Nah, idiots bring shitty crypto propaganda and pretend it isn't just an unregulated security pretending to be an alternative currency (that isn't usable as a currency for regular people) while using more energy than entire nations, all for a giggle with a shit coin.
Are you sure you are not confusing propaganda with ads?
Cryptocurrencies are quite easy to use, the process to create a cryptocurrency wallet is much easier than the procedure required to create a bank account or a credit card and these days cryptos are widely accepted even as a currency.
Are *you* sure you are not confusing propaganda with what crypto is actually used for?
I don't care how easy it is to set up a wallet. I cannot take my crypto and go down to the bodega and buy a sandwich. I can't pay my rent with crypto. I can't pay my utilities with crypto.
Crypto is not a usable currency for the vast majority of people.
You can
^(but I admit that 95% of the time there is a payment middleman needed to convert crypto to fiat, just like Visa is a middleman)
So what you are literally stating is you cannot use cryptocurrency to pay you need to convert into some other actually accepted currency...
Before the government enforced credit cards and made them mandatory it would have been really hard to buy a sandwich in bodega with a credit card too. Not sure where you live but these days in most places if you want you can literally pay with all sort of service, they have these big cash registers with the screen that accepts all soft of payment youtubers advertise for.
There aren't any limits that prevents the majority of people from creating a crypto wallet and using cryptocurrencies
This is why people laugh at you cryptobros. I literally tell you why it's not a usable currency and you tell me it totes is.
Go back to speeding up climate change with your fake currency and stop trying to pretend normal people are using it to for anything other than unregulated securities trading.
This is what the overwhelming majority of people believe. No offense, but were you spending a lot of time on r/Bitcoin?
The majority of people believes what the government makes them believe, so it make sense.
Lots of people on the left don't seem to like crypto on a fundamental level. A lot of the time they seem like they have a tenuous grasp on the concept, at best, and are just parroting what they heard someone else say. Most of the time they're projecting their criticisms of Bitcoin onto the entire concept of digital currency.
I consider myself a progressive, and I got some ETH at a good time a few years ago, but I've been desperate for an exit point in the market for over a year (fomo feels bad man) because the sentiment for crypto among everyone who isn't an an-cap or tech-bro hobbyist has been atrocious for some time now.
To be clear, I don't really care for Bitcoin. It was first, and I appreciate how clever it was, mathematically and such, when it was anonymously put out there. But other than that it's kind of shit. It's like saying that wax cylinders are better than vinyl records, or even CDs, because they came first.
I hate that people seem to only have room in their brains for one word for "digital currency," and it happens to be the one with no real useful functionality, while being an absolute disaster for the environment.
It's not some kind of panacea, but people are writing off (or actively hating on) some very interesting tech. with actual use-cases like Ethereum or Monero (the former of which reduced it's power consumption by *over 99%* after switching to Proof-of-Stake, and the latter does not use ASIC miners and is significantly less resource intensive than BTC), because they didn't get it perfect on the first try. That said, Monero will never be a good long-term investment because it's too secure and that scares governments. Monero is like what people (at least used to) think Bitcoin is... That is, anonymous, untraceable, etc. No way that succeeds as an investment, and good luck actually using it as a currency with all that volatility.
I think the concept of a digital currency is here to stay whether people like it or not. I think it makes more sense to push for ones that can potentially solve actual issues and aren't a disaster for the environment, so people don't call them all "Bitcoin," like people do for "Q-Tips". Probably too late.
If I had to guess, long term, nations will see the writing on the wall and start using their own tailor-made CBDCs (Central-Bank Digital Currency) and it'll probably suck. They will 100% use it for control and oppression. So that's some fun stuff to look forward to.
This isn't necessarily a good thing, there are many arguments against POS. You shouldn't use non-green energy resources to begin with, if people use these to mine that's not bitcoin fault.