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Celerity

(54,419 posts)

17. that is not how crypto and blockchain tech work

Reply to usonian (Reply #7)

Mon Apr 25, 2022, 10:12 PM

Apr 2022

twitter app and web pages will be mining bitcoin

You need specific hardware like graphics processing units (GPUs) or, far more likely now, application-specific integrated circuit (ASIC) machines that are completely dedicated to solving the ever-increasing in complexity algorithmic computations needed to create a new block.

The Twitter app and its network of servers do nothing of the sort, nor are they connected to the blockchain ledger.

Jack Dorsey, the co-founder and former CEO of Twitter, is into crypto as much as Musk is, if not more.

He IS trying to build a public open mining system that, of course, has nothing to do with Twitter and its network.

Jack Dorsey’s payments company, Block, is building a system for bitcoin miners

https://www.cnbc.com/2022/01/13/block-formerly-square-is-building-a-system-for-bitcoin-miners.html

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So, is twitter gonna turn into a clustermusk? [View all] boston bean Apr 2022 OP

New rename twikkker kimbutgar Apr 2022 #1

Or a muskerfuck? Wounded Bear Apr 2022 #2

If musk is allowed to buy Twitter every decent person on earth MUST remove themselves from Eliot Rosewater Apr 2022 #3

I'm already out but I agree. onecaliberal Apr 2022 #4

Legit question, not having a laugh. What will happen to tweets that are posted here? Celerity Apr 2022 #5

What will happen, nothing will happen Eliot Rosewater Apr 2022 #6

It'll be like Fecesbook. FoxNewsSucks Apr 2022 #9

I disagree. A lot of people will leave rockfordfile Apr 2022 #11

This Post Is Correct On So Many Levels nt SoCalDavidS Apr 2022 #23

I hate the tweets usonian Apr 2022 #7

that is not how crypto and blockchain tech work Celerity Apr 2022 #17

Well, I got the impression that you can be hijacked to mine bitcoin usonian Apr 2022 #27

yes, malware can steal processing power, but that is illegal, Musk is not doing to attach malware to Celerity Apr 2022 #29

There goes 50% of posts Tree-Hugger Apr 2022 #8

I'll admit I often get a laugh, FoxNewsSucks Apr 2022 #10

Oh...same Tree-Hugger Apr 2022 #16

I wish there was a wealth cap I_UndergroundPanther Apr 2022 #22

Multiple links have been going around showing users how to download their twitter Archive. rogue emissary Apr 2022 #12

What happened here before Twitter? I'd argue that it might improve things. Scrivener7 Apr 2022 #14

I have only been on DU since mid 2018, so do not know the dynamics of DU before Twitter Celerity Apr 2022 #24

I'm here since 2012. Twitter was not linked very much at all in my first years here. Scrivener7 Apr 2022 #25

Deactivating my account tomorrow morning. JarOCats Apr 2022 #13

Where are you going, if you don't mind me asking? dixiechiken1 Apr 2022 #20

Counter.social... JarOCats Apr 2022 #26

Okay, cool. They must be getting absolutely HAMMERED with new registrations... dixiechiken1 Apr 2022 #30

They are. Hang in there! JarOCats Apr 2022 #31

I have to admit that I'd love to see Twitter go dumpster fire. SYFROYH Apr 2022 #15

It's run by VanGuard, Blackrock, Morgan Stanley, etc., now. I'm not convinced it will be worse. Hoyt Apr 2022 #18

Rumor has it (if they can do it, I can do it) is he is looking at a multi-tier user fee, Midnight Writer Apr 2022 #19

I only use twitter for Jerry2144 Apr 2022 #21

Remember Geocities? LiveJournal? Myspace? Pow Wow? ICQ? blogslug Apr 2022 #28

Why, I remember Compu$erve... JarOCats Apr 2022 #32