Jan-Lukas Else

Thoughts of an IT expert

Tags: Cryptocurrencies


SourceHut is banning cryptocurrency projects

Published on in 💬 Micro

SourceHut, a source code hosting service, is banning cryptocurrency- and blockchain-projects:

These domains are strongly associated with fraudulent activities and high-risk investments which take advantage of people who are suffering from economic hardship and growing global wealth inequality. Few to no legitimate use-cases for this technology have been found; instead it is mostly used for fraudulent “get rich quick” schemes and to facilitate criminal activity, such as ransomware, illicit trade, and sanctions evasion. These projects often encourage large-scale energy waste and electronics waste, which contributes to the declining health of Earth’s environment. The presence of these projects on SourceHut exposes new victims to these scams and is harmful to the reputation of SourceHut and its community.

We recognize that the basic idea of a blockchain, as it were, may be generally useful. However, most projects which market themselves with blockchain technology are subject to the same social ills as cryptocurrency. Consequently, we have chosen to include “blockchain” related projects in this ban for the time being.

That’s a really good summary, in my opinion. I’m not deep into the cryptocurrency and blockchain topic, but I don’t want to be, because everything I’ve seen so far has always been unnecessarily complicated and could be solved more easily without blockchain, or were just made-up problems.

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Published on in 💬 Micro

Now consumer “security” software is mining cryptocurrency!

If the earth is already in a deep climate crisis, let’s destroy it even faster by using hundreds of millions of computers to print “money”…

Why again do I actually pay attention to efficiency when programming?

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“What would a real Web3 look like?”

Published on in 🔗 Links

Matt Baer, found of write.as, compares the web3 with his vision of how a real Web 3.0 could look like.

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Published on in 💬 Micro

The Brave browser now reveals its true face and becomes a web3 browser with integrated crypto wallet. More bullshit is really not possible…

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Cryptocurrencies are just bullshit, right?

Published on in 💭 Thoughts
Updated on

One keeps hearing about some cryptocurrency projects and how people got rich with Bitcoin. But somehow I don’t understand the whole purpose behind it and I’m beginning to suspect that it’s just a pyramid scheme.

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Jan-Lukas Else