A thousand upvotes? Is this reddit?
this post was submitted on 11 Mar 2025
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What's the exchange rate of Reddit karma to Lemmy nothings?
Reddit karma uses a logarithmic function to determine the karma on a post. The first upvotes give 1 karma each, but the higher the number gets the less karma you get from additional upvotes.
This isn't even some theory based on observations, the reddit algorithm used to be completely open source so you can see how it works on github (or at least how it used to work 7 years ago).
Front page reddit posts with 50k points most likely have over a million upvotes in reality
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1,763.64:1
From 97 million active users from reddit vs 55k users from Lemmy.
stonks
I didn't even know the counter could go to 4 digits.
It doesn't happen often, but when it does it's the equivalent of going viral around here lol
How does it feel, going viral?!
1k upvotes here is like the equivalent of 50k on Reddit (probably I'm operating on dated info, who knows how much they screwed with the upvoting system by now lmao)
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This is what happens when you don't use crypto as god intended: purchasing medication from India and subscriptions to indexers.
Purchase Bitcoin right before purchase. Watch the spare change left over go up and down and imagine all the millions you could be winning or losing.
This is what happens when you don't use crypto as god intended: purchasing medication from India and subscriptions to indexers.
I'm not saying this is what I bought Monero for.
But this is what I bought Monero for.
Using xmr to order anabolic steroids from clearnet UGLs and to order acid and molly from darknet markets, as god intended 💪
And to top it off all the xmr comes from semi legal business ventures in the first place, so this is a nice way to get rid of black money
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I think crypto is good for transactions, not storing money.
Like, crypto in general sucks, but digital anonymous money transfer is almost impossible without it.
The underlying tech is actually very cool and neat, unfortunately it got co-opted by cryptobros and bastardized :(
You took the words right out of my mouth! I think the blockchain is a very neat technology, but cryptobros completely ruined that.
So energy intensive though. There has to be a less wasteful way to do proof of work
Ethereum's been proof-of-stake rather than proof-of-work for couple of years now, so it's no longer energy intensive.
There inherently can't be a way to make proof of work lies wasteful as long as there are people who want to do the work. If you make hardware more, then it makes it cheaper to do the same amount of work, so people buy more hardware and do more work and more power gets used. If you make hardware less efficient, people just use the old hardware. You have to abandon proof of work altogether and switch it to something else that isn't inherently tied to energy usage.
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Most of the 2nd and 3rd generation blockchains are much less energy intensive (although still more than a home PC).
For example, Ethereum could be run on the energy equivalent of a single wind turbine.
*checks ETH price*
Am I missing something? I've been staking since the switch. I'm doing just fine.
You just doing fine so far!
Na in all seriousness what orange Muppet does to the world markets atm is horrible while I wish it to crash on his head I wish everyone of normal people they get rich with whatever.
What is an "Ethereum"? Some sort of subscription?
A cryptocurrency that recently lost a lot of its value
I can't wait for people to realize they're all in a pyramid scheme together. I'm sick of hearing bros saying crypto should be part of my portfolio.
If you can hold it long-term, it's a fantastic investment.
If you're a day trader that can't look away from the charts for more than five minutes, then crypto definitely isn't a good idea for you.
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It never had any value, like all other crypto currencies. But it was used to fake value and dupe people out of their money.
Value isn't necessarily something tangible. It's what other people think it's worth. The USD doesn't have any more value than the belief people put in it. Do you also think it has no value?
I'm not defending crypto speculation, but it's ignorant to say it doesn't have value if you can buy things with it. Basically all modern money is based on faith, including crypto. Even when it's based on gold or silver, that's aren't actually useful for most people so it's still made up value worth however much people value that.
Basically all modern money is based on faith, including crypto.
Ok, sure, however, fiat currencies are based on the faith that there's at least one entire nation that you can use your currency in, and is motivated to ensure their currency is worth something, and has some semblance of stability. Crypto is based on the faith that there's other dumbasses out there that will agree with you that these particular bits hold value for some reason.
Crypto is based on the faith that there's other dumbasses out there that will agree with you
And that's the most beautiful thing about crypto that got lost in all the speculation, shitcoin, scams, and nft bullshit. A currency of the people for the people, but of course, when the pigs came into power they were the same as the old farmers.
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Yo, don't be bad-mouthing our soon-to-be currency. Scams and money laundering were never this easy.
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It's a pretty old cryptocoin: initally released back in 2015, and a significant change deployed in 2022. It was then when they changed from proof-of-work to proof-of-stake, which basically means that they don't use mining anymore to keep the network running. They use like 1% of energy compared to PoW coins.
Also they have some smart contract capabilities which I suppose Ethereum people think are important. But I've never seen any practical use for that stuff.
Still, I think Eth is one of the cryptos that actually tries to be useful and efficient in some way and not just a stupid pump and dump scheme. Turns out, nobody gives a fuck about that, perhaps?
Also they have some smart contract capabilities which I suppose Ethereum people think are important. But I’ve never seen any practical use for that stuff.
Anything you need complicated multi-party interactions for that you want guarantees on. Real estate escrow comes to mind first. Depository accounts with yield. An immutable archive of records. Multi-signature corporate treasuries. Whatever. It's programmable money. It's not even necessarily monetary, because smart contracts can just deal with arbitrary data.
Never impressive to see a technical audience shit all over Ethereum for internet points. By far the least scammy crypto people have actually dedicated years into building something real on.
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Ethereum is a petroleum based lube used in gay porn. When multiple dudes double dock during an orgy, that's called a block chain. The ethereum on their foreskins creates an immutable ledger.
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It's a decentralized network running a virtual machine with its own token to pay for usage.
Omfg lol too good
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