My argument is two parts.
a) It’s not money.
Because many of these things I use are not “money”, they are decentralized businesses doing a service that take in revenue. We have to separate purely sending funds and a programmable commodity coordinator doing a business. So when you’re attempting to haze it (weakly and failing), you’re essentially trying to force the use of traditional businesses that are corrupt and reduce end-user freedom, such as Cloudflare, WhatsApp, Google Drive, Gmail, and lending from banks.
b) Bitcoin isn’t either.
On top of that, because Bitcoin’s blockchain was purposefully crippled in a way Satoshi did not want, the market is clearly disputing that it’s the best money. Now you can type the word “shit”, but that doesn’t convince someone to want to use it. If you go into Gucci, they don’t call the other purses “shitbags”… they win with adding value and creating desire.
Today Bitcoin is winning, but not as money. It’s winning as a BlackRock ETF. And people don’t feel comfortable doing KYC then withdrawing it from the exchange to then spend it as money with tax effects that can be seen. And that's why your attempt to pull the moral high ground isn't working.
If you have no interest in a given technology, theory, or philosophy,
Ok. that's fine
If you have no time to learn, or it's presented in a complex way, I get it.
But to dismiss something outright when you don't really understand it, you are not only depriving yourself, but also encouraging others to not learn. And thus stay stuck where you and they are.
I'm not just talking about any technology using blockchain, which you're immediately labeling "shit" without even knowing what it is. I'm not just talking about challenging traditional assumptions, which you're labeling "conspiracy theories". I'm also talking about philosophies like Agorism and Objectivism. The way we interact and what we value.
Me & you both agree that the majority of people are sheep living inside a box. Where we disagree is who put them there.
Today Monero is listed as a front-page trending coin on Coinmarketcap
But it isn't rising that much, it's just that it didn't collapse with coins primarily traded on centralized exchanges. Monero's attitude of "use it" over hodl & leverage keeps it stable.
And special to this situation, as I've written about below, this entire collapse is triggered by Japanese yen carry trades.
Monero's history of being banned from the Japanese exchanges, makes it very few people long XMR/JPY on leverage
you're correct that just pure AR has no incentive to run gateways. That's why ar.io is now doing a system to pay gateways to run them, coming from the profits of those who buy DNS and update it.
It's unclear what your point is, that we should all just use cloudflare? There is no Bitcoin binding contract
Are you sure you're not mixing up ICP and AO (arweave's "super computer")?
As far as I understand, this is renting the nodes out to run code. The nodes are different then the gateways.
This should not change the speed of gateways, and if it did from extra traffic, then more gateways would come on with all the extra revenue the service is doing to the coin(s) value(s).
Arweave uses modified BitTorrent as part of it's "Proof of Access" system to share among nodes. But the gateways serve it to the end-consumer using regular https in a regular web browser.
Thanks for your reply.
a) The chart is spiking up and down, that's not a trend. Arweave has over a billion dollar market cap, and value is subjective in the eye of buyer.
b) Bitcoin has no binding contract. Systems such as Arweave enable trustless systems. As opposed to a system where you pay for something and don't know if the counter-party will deliver. Instead of thinking of this as currency, it's more like a stock in a semi-decentralized company.
c) Ok. But I think you should properly learn about it before dismissing it.
d) True wealth is created by investing in businesses that produce valuable things. Equities have and will always outperform Gold in the long run, and Bitcoin is essentially just digital censorship-resistant gold now. Bitcoin is not cash, you’re not talking about getting off banks.
ok, I don't know enough about ICP to comment on the first part.
Nostr is very different from Bittorrent, there is only the sharing of data on discovery. You're pulling the actual data from 1 relay from my understanding of gossip's model
and notice you did not mention arweave's gateways,
nor did you mention cloudflare or the centralized internet.
So your answer is what? do nothing and more of the same? no thanks
What you are saying is not logical and disconnected from reality. Blockchain as a whole has thousands of different things.
The bandwidth that can be gotten from Arweave gateways would be a reflection of how many gateways and how much use the network is getting. This is not something you or me know right now.
The idea that promoting Cloudflare and Blockstream's Lightning on Google Cloud, as decentralized.. is ridiculous. You are essentially spewing low level dribble
It's amusing that you're trying the crypto volatility angle, as Bitcoin drops over 10% today. And Bitcoin does nothing but "store value", while Arweave has useful market purpose.
Even if Arweave suffers heavy volatility, they collect for 100 years upfront at today's prices. Considering storage prices are dropping, there would have to be massive downside volatility to not have at least 10+ years...
which is wayyyyy more than most blogs/websites need. A blog can update every day or week. So you've really failed to address the main issue of decentralized storage/CDN to avoid Cloudflare.
Fast Bird's Eye View of Market Collapse:
--From 1993 to 2021, Japan had essentially no inflation
--From 2021 to now, Japan's inflation is rising
In response to this:
--Bank of Japan raised interest rates
--This strengthens the Yen
At the same time:
--US Federal Reserve is lowering
--Weak US jobs
This sent the USD to Japanese Yen exchange rate down.
(weak dollar, strong yen)
Because:
Since 1993 Japan's currency has been nearly free to borrow
And the central bank can print as much as it wants
Then:
Everyone and their mother borrows yen (at lower interest rates) to buy assets overseas at higher yield,
But now:
Huge players are having to pay more to borrow,
As the exchange rate moves against them,
Therefore:
They sell.
Fast Recap:
Bitcoin down 15.74% - 51,593
Nasdaq down 3.33%
S&P500 down 3.66%
Japan's Nikkei 225 down over 12% in its biggest-ever daily loss
Monero down 5.71% - $144.53
US jobs report was weak on friday:
The US economy added just 114,000 jobs in July, the Bureau of Labor Statistics reported Friday.
Economists had been expecting slower monthly growth, with around 175,000 jobs added and an unemployment rate that remains at 4.1%
Mainstream Propaganda Outlets:
Fed waited to too long to cut rates
Alternative Media:
Bubble is collapsing, the Fed will never be able to maintain normal rates again.
What's Nostr think,
Buy the Dip today, or wait?
is your name a play on words of John Locke and locksmith?
Remember my friend, you got 99% in common with these people. The only difference is on this one issue.
Make your case, be proud yes. But treat them with respect in the debate. Our role is education
This is not just "spam", we're talking about censorship, privacy, and centralization issues with a single provider seeing, controlling, and hosting like 90% of sites/data. This affects Nostr as well, as many of the relays are on Cloudflare.
You would benefit from this article on the issue:
No Cloudflare. No DDoS.
It’s live! Our new website is a solution to Cloudflare. Let’s break it down:
Problem:
Cloudflare breaks SSL encryption and acts as a man-in-the-middle to see all passwords. And by seeing the bulk of all traffic, they are able to do mass surveillance.
Issue:
When you bring up getting off Cloudflare with website creators, they say “But what about DDoS?”. And then you’re just directing them to less centralized alternatives, which could become the “next CF” if they got popular.
Solution:
Arweave is on-chain data storage functioning similar to Bitcoin Ordinals (but it scales). There's a brand-new testnet of global gateways for Arweave, to serve this content: For example I’m “Privacy”
So you just put the name “Privacy” then a dot, in front of the Gateways.
Germany
ISP: Skylink
https://privacy.arweaveblock.com
France
ISP: OVH
New York, USA
ISP: Nubes, LLC
https://privacy.exodusdiablo.xyz
Los Angelos, USA
ISP: Internet Access Company
United Kingdom
ISP: Contabo GmbH
https://privacy.flexibleee.xyz
Turkey, Istanbul
ISP: Yunus Emre
https://privacy.thecoldblooded.online
Singapore
ISP: Lucidacloud Limited
China, Hanoi
ISP: VNPT
Brazil
ISP: Redemetro Teleaco
India
ISP: Logiclabs Tech
https://privacy.satoshispalace.xyz
Pick one close to you, and try it out!
Israeli Lawmaker Says Raping Palestinian Prisoners Is ‘Legitimate’
Hanoch Milwidsky, a member of the Likud party, made the comments in a debate about the arrest of Israeli soldiers at the Sde Teiman prison
Well, the logic is reasonable