It’s not a database. A database is a centralized store of data which someone ultimately has the power to change at will.

So you haven't heard of a distributed database? Server shards?

https://en.wikipedia.org/wiki/Distributed_database

https://en.wikipedia.org/wiki/Shard_(database_architecture)

The easiest way to understand crypto is to understand that it's just a huge database, but instead of being on one server, it's spread across many clients. I said this in my previous comment.

The industry does this all the time. They take existing technology and repackage it into a "new" paradigm. It's marketing. The technology behind crypto has existed for years. Look at Bit Torrent, or distributed databases. Smart contracts existed before Bitcoin. We saw this repackaging/marketing thing a few years ago with the emergence of "the cloud". It's the fucking internet, dude.

No, not all of them consume large amounts of energy the way Bitcoin does.

Yeah lol. Some of them consume insane amounts of storage space instead of consuming insane amounts of energy.

https://www.tomshardware.com/news/chia-crypto-farming-can-destroy-ssds

Sure, there are some newer cryptos that use less energy. But they ride on top of Bitcoin's price and legacy, which uses a ton of energy. These green cryptos are an extension to Bitcoin, not a replacement (yet).

Name something that isn’t, other than God lol.

That was my point. Crypto doesn't offer freedom from tyrannical governments. It gives tyrannical governments more power and ability to control people's lives adhoc, on the microtransaction scale.

God can also be manipulated. Look at what the religious institutes did. Look at what the social engineers and CIA do to control our minds. God is consciousness and for most people in society they are part of the unconscious hive mind, where everyone confirms each other's beliefs and moves in unison like sheep, it is a womb created for them by government for them to feel safe.

Do you expect people to do all this hard work for free?

I have low expectations of people. Should people do hard work for free? Yes if it can bring prosperity to the world, no if the purpose is to bring prosperity to oneself. Fine line between helping out and selling out. Lots of crypto gurus are going to show their colors soon. For example creator of Litecoin doing a news interview about "the surging crypto market" when he actually sold all his Litecoin already. For many of these crypto gurus, it's a quick path to an exit strategy/retirement plan. They don't care about YOU, man.

It doesn’t hurt the integrity of the crypto if the founder holds some for themselves.

That's debatable wouldn't you agree.

The critical thing is that the supply of crypto is fixed and not manipulated, because then nothing would separate it from fiat currency.

Some cryptos supply is not fixed, and that is their main feature.

Don't you think the federal reserve is looking for a compromise? Wouldn't they want something like DOGE, where they can "print more money" when they need to? Elon made a joke about this, but he was kinda serious. The Fed's job is to manipulate the finances to keep things afloat and prevent huge shocks to the market. There is a new crypto out that also injects more (new) supply into the system every so often. Wouldn't the Fed want something like this? I think they would...and I also think they would want physical (printed) fiat with crypto codes on it, backed by a Fed coin. Not sure what they'll do.

It’s not a database. A database is a centralized store of data which someone ultimately has the power to change at will.

So you haven't heard of a distributed database? Server shards?

https://en.wikipedia.org/wiki/Distributed_database

https://en.wikipedia.org/wiki/Shard_(database_architecture)

The easiest way to understand crypto is to understand that it's just a huge database, but instead of being on one server, it's spread across many clients. I said this in my previous comment.

The industry does this all the time. They take existing technology and repackage it into a "new" paradigm. It's marketing. The technology behind crypto has existed for years. Look at Bit Torrent, or distributed databases. Smart contracts existed before Bitcoin. We saw this repackaging/marketing thing a few years ago with the emergence of "the cloud". It's the fucking internet, dude.

No, not all of them consume large amounts of energy the way Bitcoin does.

Yeah lol. Some of them consume insane amounts of storage space instead of consuming insane amounts of energy.

https://www.tomshardware.com/news/chia-crypto-farming-can-destroy-ssds

Sure, there are some newer cryptos that use less energy. But they ride on top of Bitcoin's price and legacy, which uses a ton of energy. These green cryptos are an extension to Bitcoin, not a replacement (yet).

Name something that isn’t, other than God lol.

That was my point. Crypto doesn't offer freedom from tyrannical governments. It gives tyrannical governments more power and ability to control people's lives adhoc, on the microtransaction scale.

God can also be manipulated. Look at what the religious institutes did. Look at what the social engineers and CIA do to control our minds. God is consciousness and for most people in society they are part of the unconscious hive mind, where everyone confirms each other's beliefs and moves in unison like sheep, it is a womb created for them by government for them to feel safe.

Do you expect people to do all this hard work for free?

I have low expectations of people. Should people do hard work for free? Yes if it can bring prosperity to the world, no if the purpose is to bring prosperity to oneself. Fine line between helping out and selling out. Lots of crypto gurus are going to show their colors soon.

It doesn’t hurt the integrity of the crypto if the founder holds some for themselves.

That's debatable wouldn't you agree.

The critical thing is that the supply of crypto is fixed and not manipulated, because then nothing would separate it from fiat currency.

Some cryptos supply is not fixed, and that is their main feature.

Don't you think the federal reserve is looking for a compromise? Wouldn't they want something like DOGE, where they can "print more money" when they need to? Elon made a joke about this, but he was kinda serious. The Fed's job is to manipulate the finances to keep things afloat and prevent huge shocks to the market. There is a new crypto out that also injects more (new) supply into the system every so often. Wouldn't the Fed want something like this? I think they would...and I also think they would want physical (printed) fiat with crypto codes on it, backed by a Fed coin. Not sure what they'll do.