Why does the left hate crypto so much?

Clinamenic

θερμοδυναμικός καπιταλιστής
The basic idea of distributed ledgers, merkle trees etc is kind of interesting, but all the endless explanations of the obscure tweaks to fractally niche details of different coin technologies that you get when crypto nerds need convince themselves / others that they're making some sort of big-brain moves and not just buying magic beans are boring as fuck. It's like five-year-old giving you a three hour explanation of all the made up details of all their imaginary friends. It's like excruciatingly bad fanfiction for economics. Horrifying.
Yeah I'm not yet savvy enough to confidently sift through the presentations of technical advances, how much of it is lip service for investors who are vetting for "active development", etc.

But my understanding so far of ZKSnarks and Optimistic rollups are that they address the sheer volume of computation being done, which may enable more network activity without each node carrying such a burden. I think a lot of it boils down to storing records of compressed/hashed records, rather than just the plain transaction history in all its bulkiness - too much to have each node remember.

Maybe it can be likened to funneling some of the ledger data into a sort of cold storage, where transaction history can be accessed by unhashing some of the data on the main chain, rather than just having everything on the main chain. Pretty sure "optimistic rollups" are about assuming that the transaction data is accurate, putting the burden of proof on anyone who calls into question the legitimacy of a given pending transaction or set of pending transactions.

Broadly it seems to be able designing a more and more computationally efficient infrastructure for blockchain applications, and I'm not sure how much of this is open-source. Much of the zero-knowledge cryptography discourse is open source, I gather.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
And the zero-knowledge stuff is about communicating private information that can technically still be publicly verified, something to do with communicating the points that a function intersects with the X axis, the points as shorthand for the function itself, which can remain private. Can't explain beyond that though, as I still only have a cursory understanding of what zero-knowledge proofs are even doing.
 

woops

is not like other people
Yeah I'm not yet savvy enough to confidently sift through the presentations of technical advances, how much of it is lip service for investors who are vetting for "active development", etc.

But my understanding so far of ZKSnarks and Optimistic rollups are that they address the sheer volume of computation being done, which may enable more network activity without each node carrying such a burden. I think a lot of it boils down to storing records of compressed/hashed records, rather than just the plain transaction history in all its bulkiness - too much to have each node remember.

Maybe it can be likened to funneling some of the ledger data into a sort of cold storage, where transaction history can be accessed by unhashing some of the data on the main chain, rather than just having everything on the main chain. Pretty sure "optimistic rollups" are about assuming that the transaction data is accurate, putting the burden of proof on anyone who calls into question the legitimacy of a given pending transaction or set of pending transactions.

Broadly it seems to be able designing a more and more computationally efficient infrastructure for blockchain applications, and I'm not sure how much of this is open-source. Much of the zero-knowledge cryptography discourse is open source, I gather.
he means its boring. and its for nerds.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Yeah I wouldn't disagree that its boring and for nerds, I was being sarcastic the other day when I replied to that assertion.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
I don't know what is happening behind the scenes as I compress a file into a ZIP format, but I think the principle is the same: sharing/upload ZIP files is more efficient in terms of the ultimate bit count, I suppose, which is ostensibly what this all boils down to, hence "ultimate".
 

Clinamenic

θερμοδυναμικός καπιταλιστής
But I do disagree about it all being nonsense. Some of it is liable to be, hence my determination to understand it enough to sift away the bullshit.

The incentives are in place, financially, for blockchain quacks to propound their blockchain quackery to sate the unscrupulous investors.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
But at a certain point it becomes just as hard to fake innovation as it is to actually make it, and anyway much of this is too boring for 99% of crypto investors to wade into, thus lessening the incentives to fill such depths with bullshit.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Yeah much of this is for engaging with whoever wants to engage, as well as for posterity, charting out my own understanding over time, cerebral history, etc.
 

forclosure

Well-known member

forclosure

Well-known member
yeah that's not really the case with what i mean. dean blunt would be an example of a black artist who mainly white people listen to, but it doesn't go unquestioned. but maybe you mean something else.
cat you REALLY need to find some other examples cause going back to dean blunt all the time really doesn't look good

hell i'd love to know if there are any Indian/south asian musicians you can think of who mainly white people listen to cause it's just as prevalent there
 

forclosure

Well-known member
just going back to this for a sec. it's what makes barty interesting isn't it.
also as a black person no not really because its one of quite a few variants of white guy who appreciates black music/culture that's actually quite common i suppose the difference with him is that the black music his focus is on is very current rather than of the past and a specific period of time in the past at that. (which is what Michael Rappaport and all those kind of mid 40s white guys who mourn over how we went from ATCQ to "mumble rap")

not only that but some of them there's always the just beneath subtext that lads like him basically just want to sleep around with black women
 

forclosure

Well-known member
and the thing is lads like him aswell there's always ALWAYS a point where they overstep the mark and say some shit that they know they have no right to, like how i remember way back in the drill convo he was accusing Headie One of minstrelsy he apologised for it but fact is he still said it
 
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