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by ridethebike 1838 days ago
Am I correct to assume that this is Bargaining stage of grief?
5 comments

"Don't be snarky."

"Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something."

https://news.ycombinator.com/newsguidelines.html

I actually do hugely appreciate and am amazed by technical side of Bitcoin. Yet what Bitcoin became as a whole appalls me.

e.g. one can be amazed by nuclear physics yet dislike nuclear weapons. Or appreciate chemistry by hate meth cooks.

Sirer is either disingenuous or quoted entirely out of context. I'm leaning more towards the latter.

This reads more like a shallow shill-piece for the people in the article. It's odd to see it at IEEE.

None of the presented angles would work for something like Bitcoin. Without another native currency, how do you assign value or determine usefulness of, say, models? No matter how you slice it, if you're going to make it into a viable PoW-replacement you will need some kind of fundamental theoretical breakthrough that none of these have. TEEs are definitely not it. The status quo is otherwise that it is an intractable proposal (which other commentors have covered already)

I have a feeling that the author doesn't fully understand what they're writing about and are acting as a useful idiot so some guys can get free PR.

It's a piece about the energy usage of cryptocurrencies, possible solutions as well as potential problems with those solutions. What does the bargaining stage of grief have to do with it?
it's a metaphor.
I understood that, but what is it a metaphor for?
Who is grieving and what are they grieving about?
The idea that blockchain will change the world.
Every week, every month, every year, crypto is alleged to be dead and dying. And still the adoption, usage, and price goes up.

It gets hyped, it falters, people stop talking for a while, and the cycle repeats itself.

Sounds like a classic hype cycle to me, however without the stabilization of effective large scale adoption.
Yes, you can say the same thing about any ponzi scheme, until it finally crashes.
So blockchains aren't fundamentally decentralized, permissionless, censorship resistant networks, and you've found a secret issue that will cause an unraveling of the protocol?

If not, then maybe just step back and observe the chain grow block by block, day by day, unfettered, for the rest of your life.

Blockchain != cryptocurrencies
32,510.30 USD/BTC
2008 - 0.00 USD/BTC
Come now, you are just bargaining. Just move on and get to the final stage of acceptance and hope.
What am I bargaining about again? I trade bitcoin options + the volatility has been great for my own positions. ¯\_(ツ)_/¯

Did you buy the top or something?

Not necessarily. I've wondered the same thing for years while never holding any.