111

Wait, so you’re the co-founder and the intern at the same company?

yes

The company exists to minimise the cost of increasing the speed of a transaction with "gas fees". Sort of like when you pay for something with your debit card and then pay a second company to make the transaction go through in under a day.

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[-] UlyssesT@hexbear.net 28 points 11 months ago

I've been told, many a time, that Ethereum is "one of the good" cryptocurrencies.

I've known about "gas fees" for years and how the rent-seeking is built right in.

The most euphoric of cryptocultists even told me that maybe the Ethereum blockchain would "form a neural net" over time and become sapient, or even start The Singularity(tm).

![soypoint-1](https://www.hexbear.net/pictrs/image/f60b272a-951c-4280-a407-a40408fc5aaf.png "emoji soypoint-1") ![no-mouth-must-scream](https://www.hexbear.net/pictrs/image/a27b86d9-66c0-47fb-9088-211861fa1d0e.png "emoji no-mouth-must-scream") ![soypoint-2](https://www.hexbear.net/pictrs/image/2a3eda93-16bf-4eb8-a4a9-fe85ce53fe4a.png "emoji soypoint-2")

These are not well informed or critically thinking people.

[-] Saeculum@hexbear.net 12 points 11 months ago

Get out of here with your reason skeptic.

The crypto Messiah is nigh! It gestates in a web of a thousand thousand blockchains, and feeds upon the broken dreams and lost hopes of crypto bros.

Yea shall it deliver us from centralised currency or something! Gaze upon it and weep for your salvation.

[-] UlyssesT@hexbear.net 10 points 11 months ago* (last edited 11 months ago)

I know you're joking, but judging by what ![my-hero](https://www.hexbear.net/pictrs/image/3ec1ede7-2359-42c4-b581-6d8131cc49d1.png "emoji my-hero") named one of his many IVF children (Techno Mechanicus), he like many cryptobros missed the point of the (originally intended, at least) satire of 40k.

[-] Othello@hexbear.net 6 points 11 months ago

is Ethereum dead yet? because i know a horrible abusive person who had all their money in etheruim 2 years ago and im rooting for his downfall.

[-] UlyssesT@hexbear.net 7 points 11 months ago* (last edited 11 months ago)

It isn't just not dead; it's the basis of many secondary grifts, such as NFTs. NFTs were minted from the start using ETH and charging "gas" each and every time while burning the planet down a little faster.

[-] Othello@hexbear.net 6 points 11 months ago

bleh awful! thank you for the update tho.

[-] fox@hexbear.net 6 points 11 months ago

It's down 30-70% from 2 years ago fwiw depending on when they bought. One Ether is worth about 1500 USD right now but there were spikes in 2021 to like 3-4 grand.

[-] Othello@hexbear.net 5 points 11 months ago* (last edited 11 months ago)
this post was submitted on 09 Oct 2023
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