Credit card payments may seem immediate for you, the customer. But for the business owner it's not always so since the customer than issue a recall and many people abuse this to great cost for the businesses. See "chargeback fraud".
In Portugal (idk about other countries) we use something like:
- Use knuckles and spaces between them
- Start with left-most pinky knuckle (in
- Count across hand: knuckle (31), space (30), knuckle (31), etc.
- Jump to right hand's index finger knuckle after left index (so it's two times knuckle, when passing from left to right hand (for July and August) and continue.
ChatGPT hit 100 million users in two months (previous record was TikTok in nine). It’s currently estimated to be at least double that…
In less than two years.
Coinbase has been around since 2012 and has roughly 100 million users.
Yes ChatGPT is free but let’s not kid ourselves - most Coinbase users are on the platform essentially gambling with the hopes of making money. Get rich quick is an extremely powerful motivator…
In terms of actual usage, do some basic analysis of on chain activity for the top X crypto whatever. You’ll quickly discover usage is comically low outside of what is clearly trading and a tiny number of hardcore cryptocurrency nerds swapping around whatever for who knows what use cases.
People are generally good about figuring out what is useful to them, what improves their lives, and what they enjoy. 15 years after the advent of bitcoin the use cases for mass adoption (and therefore users) just aren’t there.
Crypto tech can be interesting but it’s just that - interesting. I have at least a dozen wallets on various chains, I’ve written smart contracts, etc. I can honestly say the entire thing could disappear tomorrow and I wouldn’t know the difference. Other than one friend at a Cardano-related startup I don’t know anyone else who would notice either.
ChatGPT alone, meanwhile, would be a loss I and everyone I know would feel immediately - and that’s just ChatGPT.
Both are bad for the environment, what is your point?
Let me guess you're part of "AI is useful even though we need the compute to burn the planet" crowd.
And on crypto itself:
Crypto cannot ever be used as a currency, we have been over this for 15 years.
They are all too volatile, we have seen that stablecoins like USDT, USDC and the rest of them are at best dubiously not audited and at worst an 'algorithmic stablecoin' scam like LUNA, the tech is entirely bad.
Sure speculation and the rest of it are the main use case of crypto, but let sleeping dogs lie with this bad idea the author is proposing and not use bad ideas coming from crypto which is an even worse system, to fix problems in the current financial system.
There is no decentralized algorithm for timelock encryption. No such scheme exists. Distributed is the best you're going to get without a radical breakthrough, and that's exactly what TFA is.
Why ? If you wrap the message into multiple layers of encryption (TOR style) that needs to go into multiple nodes, and if alongside the next encrypted layer you have a date the nodes agrees to wait to pass the message to another node, that would work, no ?
Even with some corrupted nodes, the message would still be secret, the only issue would be if the last nodes are corrupted : your message would be distributed too soon. But with enough layers and enough nodes to go through, you could mitigate this risk.
The network could even detect corrupted nodes if other nodes received the message too soon.
Because each node generates its own key pair and when encrypting a message you choose a random route and you use the keys of the nodes of your route to encrypt each layer.
What the person you're replying to is talking about is a Sybil attack. You pick random nodes, yes, but what if the list of nodes to pick randomly from is 99.5% the attacker? This is a real world attack that has been used against Tor, for example.
HTLC would do the same in a distributed and trustless fashion and yet it's important to know League of Entropy is a bunch of distributed crypto organizations like Chainsafe or the Ethereum Foundation.
I assume you mean a verifiable compute function rather than hash time-lock contract, as the latter can't be used for encryption. But that's not really a timelock either: it only sets a lower bound on the amount of compute required. But "compute" here is abstract, and when the conversion from "required hashes" to "time elapsed" can vary by 6-10 orders of magnitude, it stops having any appreciable meaning.
Pretty straightforward process / I just made it up. Throw some olive oil in an Instant Pot, add beef and sear (no need to fully cook, just brown it), add ~4 cups of water and ~2 cups of lentils (I eyeball these), throw in chopped onions / bell peppers / mushrooms / garlic, add spices (plenty of turmeric + generic store bought "curry powder", garlic powder, dill, cayenne pepper, salt), and the secret ingredient: ~1/2 cup of smooth peanut butter (trust me this is very important ... when in doubt add more).
(edit: I keep the Saute setting on while im adding ingredients and occasionally stir. Then I seal it up, turn on the "bean chill" mode on high. And wait 40 minutes for tasty goodness)
Because only Crypto is used for money laundering, right?
You would never guess what other businesses that your reddit mind thinks are legitimate are also used for money laundering...
