On 9/26/20, Stefan Claas <sac@300baud.de> wrote:

...

https://decrypt.co/43000/no-internet-no-problem-venezuela-gets-bitcoin-satel...

It's also uplifting to see the speed that some of the crypto food, charity, and monetary networks are able to help provide options and solutions to troubled regions. The libertarian sort of nature of cryptocurrency will continue making larger impacts as time goes on. And thanks to decrypt.co for not using CloudFlare to block Tor users from reading their site. Too many crypto news aggregators and crypto services sites seem perhaps not aware of what their CloudFlare settings are doing in that regard. That's the whole point with satellite, privacy coins, etc... to route around silly censorship blocking. If people like decrypt.co, send them some satoshi for bandwidth, and get them setup with their own .onion / .i2p.

I must say congrats to Venezuela for the idea to communicate via a satellite in space, when Internet connectivity sucks.

Yes, the leading distributed permissionless uncensorable privacy cryptos are all making cool progress in Venezuela, and in satcom and other comms, as posted in various fora... https://old.reddit.com/r/Bitcoin+Bitcoincash+CryptoCurrencies+CryptoCurrency+Monero+btc/search/?q=venezuela+OR+satellite&sort=top&restrict_sr=on https://lists.cpunks.org/pipermail/cypherpunks/2020-September/082278.html

While I must admit that I am no longer a fan of crypto currencies (huge global energy resources waste IMHO)

And what analysis are people basing that on? It is clear that people are forgetting to add up ALL of the global resources wasted on supporting Fiat Currencies. That is an understandable oversight given that all of the major media and fraudulent anti-crypto "research" reporting on "energy resource waste"... (their analysis is funded by obsolete Banks Governments Corporations all dependant on each other to exist in Fiat)... typically only adds up the mining costs, and fails to do a comparison to Fiat at all, let alone a high quality honest comparison that strives to include... ALL of the... Electricity used by paper bill printing and coin stamping machines globally. All their shredders and smelters and mining and tree sawing and paper making chemical processes deforestation, the distribution channels, and gasoline, diesel, coal, oil, lubrication, maintenance. Pollution costs, lung cancer costs, physical waste costs. Safe storage and transport costs for "money". Printing employee costs, wasted closed market government dictated health care costs. Cash register, security cam, alarm systems electricity. And all that and *much* more is just for physicality of producing and handling with it. Then they did also forget to add up ALL the Bank building costs, maintenance, daily commute costs, wear on and pollution from their tires. The cost fees they steal from you to "hold" your money and move it around for you, 2 and 20 management, and the costs to get it back when they censor and lock your flow. All their computers on their desks, all their lights, all the electricity and chems used to process their feces that flow down their toilet sewers before it hits the river, oopsie. They forgot ALL the existence of Government "laws" around money... all the "law" editors, publishers, glitzy marble government buildings, $170k/year salary that Government "representatives" steal from you to waste hours debating Fiat on their floors, and dabbling in politically immune corruption. Cost of all the Fiat Bank lobbyists, their air travel, and so much more. Cost of prisons and loss of all your assets and property for using it to buy and sell harmless plants, or to exchange cryptocurrencies with each other without a "license". Then add up the entirely Government "leader" initiated WARS over monetary trade imbalances, to take out other "leaders" and easy centralized Fiat targets. Their epic initiations of murderous immoral force to steal more resources and trap up people to fund the "growth" needed to offset the crippling debt inherent with how Fiat is created by Central Banks and Govt without imploding. Go ahead... add it all up, ALL OF IT, all that wasted energy in the entire Global System of Fiat that is rapidly becoming obsolete by cryptocurrency. Fiat currency is so wasteful that it makes even a world based only on Gold and Silver, sans Govt involvement, look resource cheap in comparison to Fiat's all-in costs. Nor do people realize that in the long term, cryptocurrency can, does, and will run on little more, relatively speaking in comparison, than sand (silicon) and solar power. In fact, solar's free clean renewable input will be among few competitive ways remaining, with wind, and nuclear a bit more. And without Government in the way propping up energy legacies, and with open markets and self and other unsystem schooling options, uncensored peer to peer comms around the world, allowing people to see through GovCorp secrets and lies, and make new enlightened choices for their own Earth environment... crypto continues to look very good. Anyone trying to step to cryptocurrency talking the typical dishonest limited scope "energy waste" weaksauce will get destroyed by even armchair estimates of all-in costs.