@FranckLeroy@mastodon.online

Franck Leroy @FranckLeroy@mastodon.online · Jan 04, 2023

Replying to @pronoic@hachyderm.io

@pronoic@hachyderm.io @bumi@kosmos.social @RAOF@toot.cat GHB

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 04, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social @pronoic@hachyderm.io @RAOF@toot.cat The logic is exactly the same.

0

3

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 04, 2023

Replying to @pronoic@hachyderm.io

@pronoic@hachyderm.io @RAOF@toot.cat @bumi@kosmos.social Indeed, much like rapists force girls to invest in self-defense classes.

0

6

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 04, 2023

Replying to @Setok@attractive.space

@Setok @aaronwinstonsmith Of all the crypto projects I found, Duniter / G1 seem the only one with good values : based on web of trust and universal dividend : https://duniter.org/

4

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 04, 2023

Replying to @FranckLeroy@mastodon.online

@Setok @aaronwinstonsmith ... there are still rules, control based on human moderation, ban of bad actors, etc.

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 04, 2023

Replying to @Setok@attractive.space

@Setok @aaronwinstonsmith No, that's a different ideology. Blockchain goes beyond decentralization and pretends to be "trustless" . That's libertarian fanatism : noone can be trusted, no regulation is useful, full freddom, code is law, etc, .... Pure individualism = the rejection of any social construction other than contractual = pure market. Fediverse on the other hand more like like anarchy : flattening / distributing the power, but still with trust on actors of good will ...

13

3

2

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 04, 2023

Replying to @kittylyst@mastodon.social

@kittylyst @Setok But what about ... "Code is law"

7

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @tob@hachyderm.io

@tob indeed. typical case of POC of the intern that get pushed to production before being tested.

20

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Exactly 14 years ago , Satoshi Nakamoto designed the most pathetic / inefficient system ever invented by humankind : the blockchain. Today, it weights 60 000 tons, wastes constantly 10 gigawatts (more than Belgium or Chile) to process less than 7 transactions per second : Less than a 33 bps modem from 1990. This could be a joke if it didn't have such gigantic environmental impact, wasn't enabling billion dollars ransomware industry and was not crushing thousands of lives in the process.

6766

247

6210

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social @levampyre@chaos.social Bitcoin currently negates the CO2 savings of all electric cars on earth ! The surge of ASIC devices also played a key role in shortage of silicium last year. Bitcoin is the first invention in human history to be designed to be *resistant* to any future technological progress. That's just insane and the exact opposite of what we need.

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social @levampyre@chaos.social Taxation was fine during the 20th century, USA had tax levels up to > 90% for the richests by then. Since then, we've let billionaires get more and more rich and rule the world. States could split those large companies with anti-trust laws and get them for pay fair taxes. No technology will solve this. That's a political question.

0

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social @levampyre@chaos.social Indeed, soory about that, I'll try to behave.

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social @levampyre@chaos.social Do you realize how it is the exact opposite of Bitcoin ?? Proof of Waste consider energy and devices as infinite resources that we could burn for the sole purpose of validating transactions ! It totally ignores the physical limits of this world.

0

2

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social @levampyre@chaos.social Capitalism will never sataisfay from a limited supply of money. The economic system drives the monetary one, not the other way around. It will reinvent additional layers of finance / fractional reserves on top of it .. it already did.

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social @levampyre@chaos.social No. Crypto currency is a libertarian dream : killing the state in favor of a world ruled by pure market, without taxes / limitations / regulations. Bitcoin is based on the same rotten values than capitalism : greed, competition, waste. Most crypto brois are here to get rich, not degrowth. Any system compatible with capitalism is not revolutionary : it worsens it.

2

6

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social all the problems of bitcoin derive from :

shitty ideology
shitty design https://medium.com/crypto-lucid/decentralized-trustless-debunking-bitcoins-biggest-myth-8ea8a27197e2

0

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 03, 2023

Replying to @levampyre@chaos.social

@levampyre@chaos.social @bumi@kosmos.social amen !

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @RAOF@toot.cat

@RAOF@toot.cat @bumi@kosmos.social Also it enabled a multi billion dollar industry of ransomwares to flourish, puttingl key infrastructures (like hospitals!) at risk.

6

1

2

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social "it means also I don’t need to trust or rely on anybody." This whole libertarian spirit is lovely.

6

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social exchange platforms are part of Bitcoin core : they enable it to work somehow because it does not scale properly. Any failure of an exchange platform is a failure of the whole bitcoin project. TBH I first cared much about the insane environmental impact before I discovered how this space was filled with scam and crushing thousands of lives. that's a disaster.

10

3

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @pinky@coredump.social

@pinky@coredump.social Bitcoin *was* not compromised. Bitcoin *is* the compromission. It is insecure by design, because you can't expect random people master infosec (and not lose / forget their keys). Immutability is not a feature, it's a bug / a core design flaw.

11

2

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social bitcoin is insecure by design. No accountability = you lose everything and noone is responsible Immutable means = you cannot reverse error / fraud. This whole blockchain thing is stupid as fuck.

13

1

2

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social You should quit your denial here :

millions just lost everything on FTX
80% of crypto investors are at loss
defi is hacked weekly
even the core developers lose their Bitcoin savings in cold wallets

This is time we put an end to this giant scam.

16

1

4

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @pinky@coredump.social

@pinky@coredump.social I believe that whether he says the truth or not, this affects (a lot) the tale of Bitcoin being a "safe" store of value and the mojo: "your keys, your coins".

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @bumi@kosmos.social

@bumi@kosmos.social We don't know. he would risk the FUD on the project he works on ? Anyway, if it's true. This proves than even the core devs can't keep it safe. It can't be adopted by the masses. putting your life saving such an insecure asset in completely nuts.

8

1

2

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @JorgeStolfi@mas.to

@JorgeStolfi@mas.to This hacking does indeed bear the mark of the revenge of the pedo satanist elite.

16

0

1

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

It was stored on a cold wallet. He lost everything: $3.5 million. Let 2023 be the final death of this giant scam.

163

7

37

0

Franck Leroy @FranckLeroy@mastodon.online · Jan 02, 2023

Luke Dash, one core developers of Bitcoin just got all his Bitcoins stolen.

But let's pretend anyone can safely store their life savings in crypto.

0

81

705

0

Franck Leroy

Posts

Remote instance

Media