Monero is about to upgrade it’s anonymity set from 15 decoys per tx to 100k with FCMP, improve how view keys work with carrot, as well as lower sync time and improve performance, chain throughput and security for node runners with a rust based node implementation called cuprate.
Ethereum is about to activate the glamsterdam upgrade that will allow it to process 3x times more tx per second (~240tps, aiming for 10000tps by 2030) and lower tx fees by 80% on the main chain, while maintaining the chain growth at ~130GB/year. Allow parallel transaction execution, trustless, protocol native block building to make tx censorship more difficult, increase max smart contract size, make nodes easier to run.
In 2027 it will undergo the Hegotá upgrade which aims to make producing block that omit eligible transactions impossible, effectively killing tx censorship, allow paying tx fees in any token, not just eth, switch from Merkle to Verkle trees which will reduce state size by ~90% and allow stateless clients, so everyone can run a node on their phone with just a few GB of storage, lower block time from 12 to 10 seconds, allow for native shielded transfers with a protocol level privacy pools for eth and ERC20 tokens, 3x the gas limit again after the Glamsterdam upgrade, simplify receipt data.
These days you can pay for 99% of things with crypto, if not directly then via gift cards, crypto debit cards or proxy shops. For online payments that’s often the only way for regular people to remain private and anonymous.
We don’t have a company that can promote p2p crypto payments or lobby the government, quite the opposite, every bank and financial institution is against it because it threatens their businesses model. This is a grass roots movement, it will take a lot of time and unpaid volunteer work to make it happen but we will get there. All things considered, cryptoanarchy movement has become far more successful and influential than it had any right to be. From 3 dudes sending numbers to each other over the internet in 2009 to a multi trillion $ industry that threatens to undermine the financial, economic and legal status quo of the world and there are no signs that it will slow down any time soon.
I loved the idea of crypto. There was even a niche but growing Crypto Leftist movement, creating tech/apps to help the working class (Breadchain), but in 4 years they built basically nothing. Then just fucking everything else got captured by VC money, big tech, and institutions. It’s just capitalism 2.0 now. It’s such a shame.
IMHO the problem crypto leftists have had is that our implementation choices generally ignore the “decentralized” requirement to avoid difficult economics problems. We try things like having nonprofits checking IDs, or creating yet another money supply so we can pay the devs from it, or recreating treasury bonds because it looks greener.
What we need isn’t “open source money, but generous”. We need to build a new economy outside the old one, and what we’re selling won’t shoot to the moon overnight. While we can contribute useful tools, we aren’t the architects of that future and can’t be in charge even for now.
protect the unbanked, underbanked, and even banked from the exploitative financial system: we’re making progress. There’s is demonstrable proof of this. Even just the base protocols (Bitcoin, Ethereum) offer real relief from tradfi. A very simple example is sending aid to Gaza.
remove US hegemonic power by undermining the dominance of the US dollar: we’re making progress, but some things like USDC are actually reinforcing American dominance. The influx of institutions into the crypto space has really undermined this.
move away from capitalism and asset speculation to collective ownership (governance tokens), trade of useful goods (digital or physical), and savings protocols: we’re not making very much progress and are actively moving against this. This is where Breadchain / Bread Coop comes into play. There’s so much potential, and some things have been built … but overall it’s been slow and big disappointment as we watch Capitalists actively co-opt crypto. The amount of scams, VC vaporware, rugpulls, casino games, etc seems to grow by the day. I truly believe there’s genuine use cases out there, but crypto right now is mostly just ultra-capitalist speculative garbage.
It’s been sad to see crypto leftists like Joshua Davila (author of Blockchain Radicals) move away from crypto and pivot into AI. sigh
There were more honest attempts to spread it and use it in physical/online stores back when BTC was under 1000 than now, and it’s not like we got higher exchange rate fluctuations. If anything, it becomes more stable.
Naw, we all talked about the once in a while pizza purchases that were reported on Reddit, but then a week later the $20 pizza was worth $100 in bitcoin. Right from the start.
On no, someone used money to buy food instead of hoarding money and only thinking about how much return they could’ve made if they invested money instead of buying food.
Crypto-as-invement midset is a poison to the real crypto adoption - ability to buy things with crypto effortlessly.
I remember the moment it clicked for me that this was the case. In early 2018 I overheard my roommate listening to a Bitcoin podcast hosted by people I understood to be prominent members of the community. They were trying to justify why it was a good thing Steam no longer accepted Bitcoin to purchase games. I couldn’t see a single upside to a currency, whose purpose is to be exchanged for goods and services, no longer being accepted for a good. I thought about the large amount of crypto the podcasters likely held and how they were probably trying to keep other people in to keep their own crypto worth more. But if the people near the helm were no longer able to admit when something is wrong, then the dream was dead, crypto was dead to me, and I stopped getting more.
Yea, that’s one of the few good things that cryptostuff and the Blockchain.
That and the fact that you could, theoretically, do implementations that are actually progressive (instead of regressive), and where the ones that actually deserve rewards are the ones who get that (sort of a “Proof of Contribution” or a “Proof of Value”: if you actually add value and contribute to make things better, yoy get rewards, but if you’re only a leecher, then you get punishments, sort of torrent now that I think about it; but if you’re poor, you don’t have to contribute that much or nothing at all, because any difference is acceptable only if it favors the least advantaged, and favoring them is precisely what it means to contribute and add value).
It is used as a decentralized convenient secure money system. States use it for bribing, sanctions, online crimes, laundering. There are so many use cases. It’s not what people think it is. You will never ever buy your bread with it but at the same time it is not going away as it is so useful as a shadow currency that there will be always billion transactions
That is why I was sp excited about XRP replacing SWIFT, it just made sense as a better method of Payments. I was heavy into XRP, and I got off the ride last year after 7 years of treading water
Stability comes from popularity. Its already way more stable than before - $100 BTC fell into sub $20. We don’t have x5 swings now.
Bitcoin would be way more popular if it actually delivered the decent tech that everyone is using to do purchases.
BTC ran into speed & scaling issue, and eventually made Lighting Network. So now we have 2 different currencies, one stable and decentralized and one fast and centralised. This is not what was promised originally.
Saddens me that crypto is now about investment/gains instead of being improved as a fair, decentralised, convenient, fast, secure money system.
Looks like we will have to stick to the banks and their bullshit yet after all.
Bitcoin was never going to do any of those things. It’s infrastructure was always too demanding, and no amount of adoption was going to fix that.
I said crypto, not bitcoin.
I don’t care which tech would deliver that, as long as it delivers.
Monero is about to upgrade it’s anonymity set from 15 decoys per tx to 100k with FCMP, improve how view keys work with carrot, as well as lower sync time and improve performance, chain throughput and security for node runners with a rust based node implementation called cuprate.
Ethereum is about to activate the glamsterdam upgrade that will allow it to process 3x times more tx per second (~240tps, aiming for 10000tps by 2030) and lower tx fees by 80% on the main chain, while maintaining the chain growth at ~130GB/year. Allow parallel transaction execution, trustless, protocol native block building to make tx censorship more difficult, increase max smart contract size, make nodes easier to run.
In 2027 it will undergo the Hegotá upgrade which aims to make producing block that omit eligible transactions impossible, effectively killing tx censorship, allow paying tx fees in any token, not just eth, switch from Merkle to Verkle trees which will reduce state size by ~90% and allow stateless clients, so everyone can run a node on their phone with just a few GB of storage, lower block time from 12 to 10 seconds, allow for native shielded transfers with a protocol level privacy pools for eth and ERC20 tokens, 3x the gas limit again after the Glamsterdam upgrade, simplify receipt data.
These days you can pay for 99% of things with crypto, if not directly then via gift cards, crypto debit cards or proxy shops. For online payments that’s often the only way for regular people to remain private and anonymous.
We don’t have a company that can promote p2p crypto payments or lobby the government, quite the opposite, every bank and financial institution is against it because it threatens their businesses model. This is a grass roots movement, it will take a lot of time and unpaid volunteer work to make it happen but we will get there. All things considered, cryptoanarchy movement has become far more successful and influential than it had any right to be. From 3 dudes sending numbers to each other over the internet in 2009 to a multi trillion $ industry that threatens to undermine the financial, economic and legal status quo of the world and there are no signs that it will slow down any time soon.
I use arch btw.
I loved the idea of crypto. There was even a niche but growing Crypto Leftist movement, creating tech/apps to help the working class (Breadchain), but in 4 years they built basically nothing. Then just fucking everything else got captured by VC money, big tech, and institutions. It’s just capitalism 2.0 now. It’s such a shame.
IMHO the problem crypto leftists have had is that our implementation choices generally ignore the “decentralized” requirement to avoid difficult economics problems. We try things like having nonprofits checking IDs, or creating yet another money supply so we can pay the devs from it, or recreating treasury bonds because it looks greener.
What we need isn’t “open source money, but generous”. We need to build a new economy outside the old one, and what we’re selling won’t shoot to the moon overnight. While we can contribute useful tools, we aren’t the architects of that future and can’t be in charge even for now.
IMO the goals of leftists within crypto is:
protect the unbanked, underbanked, and even banked from the exploitative financial system: we’re making progress. There’s is demonstrable proof of this. Even just the base protocols (Bitcoin, Ethereum) offer real relief from tradfi. A very simple example is sending aid to Gaza.
remove US hegemonic power by undermining the dominance of the US dollar: we’re making progress, but some things like USDC are actually reinforcing American dominance. The influx of institutions into the crypto space has really undermined this.
move away from capitalism and asset speculation to collective ownership (governance tokens), trade of useful goods (digital or physical), and savings protocols: we’re not making very much progress and are actively moving against this. This is where Breadchain / Bread Coop comes into play. There’s so much potential, and some things have been built … but overall it’s been slow and big disappointment as we watch Capitalists actively co-opt crypto. The amount of scams, VC vaporware, rugpulls, casino games, etc seems to grow by the day. I truly believe there’s genuine use cases out there, but crypto right now is mostly just ultra-capitalist speculative garbage.
It’s been sad to see crypto leftists like Joshua Davila (author of Blockchain Radicals) move away from crypto and pivot into AI. sigh
Yeah, now crypto is synonym of alt-right-incel-fash-neonazi-dickheads as Andrew Tate or Llados.
When was it not?
People only complained they didn’t get in before 2016 so they could be rich.
There were more honest attempts to spread it and use it in physical/online stores back when BTC was under 1000 than now, and it’s not like we got higher exchange rate fluctuations. If anything, it becomes more stable.
Naw, we all talked about the once in a while pizza purchases that were reported on Reddit, but then a week later the $20 pizza was worth $100 in bitcoin. Right from the start.
On no, someone used money to buy food instead of hoarding money and only thinking about how much return they could’ve made if they invested money instead of buying food.
Crypto-as-invement midset is a poison to the real crypto adoption - ability to buy things with crypto effortlessly.
I remember the moment it clicked for me that this was the case. In early 2018 I overheard my roommate listening to a Bitcoin podcast hosted by people I understood to be prominent members of the community. They were trying to justify why it was a good thing Steam no longer accepted Bitcoin to purchase games. I couldn’t see a single upside to a currency, whose purpose is to be exchanged for goods and services, no longer being accepted for a good. I thought about the large amount of crypto the podcasters likely held and how they were probably trying to keep other people in to keep their own crypto worth more. But if the people near the helm were no longer able to admit when something is wrong, then the dream was dead, crypto was dead to me, and I stopped getting more.
deleted by creator
The real value Bitcoins tech brought us is immutable ledgers. We need our money to go through immutable ledgers.
There would be no “release your tax returns,” itd be public domain.
We need that shit.
Yea, that’s one of the few good things that cryptostuff and the Blockchain.
That and the fact that you could, theoretically, do implementations that are actually progressive (instead of regressive), and where the ones that actually deserve rewards are the ones who get that (sort of a “Proof of Contribution” or a “Proof of Value”: if you actually add value and contribute to make things better, yoy get rewards, but if you’re only a leecher, then you get punishments, sort of torrent now that I think about it; but if you’re poor, you don’t have to contribute that much or nothing at all, because any difference is acceptable only if it favors the least advantaged, and favoring them is precisely what it means to contribute and add value).
I like how bitcoin has no idiotic ID requirements so the government is almost entirely dependent on you to report your income in it.
Yeah I too like Blockchain stuff until it just turned into an investor bro space.
Like this whole argument about how to prove someone owns a game could be a really good blockchain use case.
It is used as a decentralized convenient secure money system. States use it for bribing, sanctions, online crimes, laundering. There are so many use cases. It’s not what people think it is. You will never ever buy your bread with it but at the same time it is not going away as it is so useful as a shadow currency that there will be always billion transactions
I certainly have my critiques about the crypto space, but this isn’t one of them. There’s plenty of use cases that aren’t what you’re describing: https://ethereumadoption.com/built-on-ethereum?view=byEntity
That is why I was sp excited about XRP replacing SWIFT, it just made sense as a better method of Payments. I was heavy into XRP, and I got off the ride last year after 7 years of treading water
Can’t believe the scam money for scammers isn’t about the core principles of equity, efficiency, and security anymore.
What has become of the Mt. Gox’s of yesteryear?
You wanted stability. Stability requires centralization and trust.
Stability comes from popularity. Its already way more stable than before - $100 BTC fell into sub $20. We don’t have x5 swings now.
Bitcoin would be way more popular if it actually delivered the decent tech that everyone is using to do purchases.
BTC ran into speed & scaling issue, and eventually made Lighting Network. So now we have 2 different currencies, one stable and decentralized and one fast and centralised. This is not what was promised originally.
But it needs regulation like any other currency.
It was a gov backed choice to pump and dump it, cause apparently thats peak economic strategy these days.