# Cryptocurrency **URL:** \ **Category:** General Discussion\ **Created:** [July 2, 2021, 4:48pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545 "2021-07-02T16:48:34Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Clemm](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/clemm/32/3339_2.png) [@Clemm](https://forums.atlas-65.com/u/Clemm)\ **Post date:** [July 4, 2021, 8:20pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/21 "2021-07-04T20:20:57Z")
The Secret of MIM! ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 6, 2021, 4:18pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/22 "2021-07-06T16:18:15Z")
This week’s video discusses cryptocurrency as a form of voluntary wealth redistribution. YAY! [![](https://us1.discourse-cdn.com/flex019/uploads/etarc/original/3X/7/7/77c9cbeed704366d48d6bfba1ad2356ebbc6c9d5.jpeg "Cryotocurrency Is Voluntary Wealth Redistribution!") ](https://www.youtube.com/watch?v=1QIdC8kt5C0) ---
**Author:** ![sheralmyst](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/sheralmyst/32/55317_2.png) [@sheralmyst](https://forums.atlas-65.com/u/sheralmyst)\ **Post date:** [July 6, 2021, 5:41pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/23 "2021-07-06T17:41:37Z")
Can you pass some my way? 😄 ---
**Author:** ![Polyphemus](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/polyphemus/32/1884_2.png) [@Polyphemus](https://forums.atlas-65.com/u/Polyphemus)\ **Post date:** [July 6, 2021, 8:05pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/24 "2021-07-06T20:05:08Z")
This thread is starting to sound like a sales pitch. ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 6, 2021, 9:47pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/25 "2021-07-06T21:47:01Z")
I’m not trying to convince anyone to do anything, I’m just educating people on a topic I have been learning about recently myself. ---
**Author:** ![CaptainZorg](https://avatars.discourse-cdn.com/v4/letter/c/b9bd4f/32.png) [@CaptainZorg](https://forums.atlas-65.com/u/CaptainZorg)\ **Post date:** [July 8, 2021, 5:47pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/26 "2021-07-08T17:47:01Z")
Anybody want to invest in nanites or quicksilver? ---
**Author:** ![sheralmyst](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/sheralmyst/32/55317_2.png) [@sheralmyst](https://forums.atlas-65.com/u/sheralmyst)\ **Post date:** [July 8, 2021, 7:23pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/27 "2021-07-08T19:23:33Z")
Welcome to the forum @CaptainZorg ! 😂 I am surprised someone hasn’t already set up an exchange on the Anomaly. Maybe HG can set up a server-lined room for it. ---
**Author:** ![Clemm](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/clemm/32/3339_2.png) [@Clemm](https://forums.atlas-65.com/u/Clemm)\ **Post date:** [July 8, 2021, 11:55pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/28 "2021-07-08T23:55:30Z")
With Sean’s teasing ways, the new “money” would be CrypticCoins ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 9, 2021, 12:42am UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/29 "2021-07-09T00:42:42Z")
I could easily make a NMS coin on Ethereum, but I don’t think enough NMS fans are into crypto enough to buy it ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 15, 2021, 5:32pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/30 "2021-07-15T17:32:27Z")
Odysee is a website much like Youtube, but you actually get paid cryptocurrency for watching ad-free videos! [![](https://us1.discourse-cdn.com/flex019/uploads/etarc/original/3X/5/b/5b119710b7df4d1300da721d0b40975584a50374.jpeg "Get PAID For Watching Videos On Odysee!") ](https://www.youtube.com/watch?v=98tIYf9AhnQ) ---
**Author:** ![LordMarkov](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/lordmarkov/32/3134_2.png) [@LordMarkov](https://forums.atlas-65.com/u/LordMarkov)\ **Post date:** [July 15, 2021, 6:35pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/31 "2021-07-15T18:35:12Z")
> [@MacForADay](#): > > I could easily make a NMS coin on Ethereum, but I don’t think enough NMS fans are into crypto enough to buy it If you did, it would need to be called Nanites. ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 15, 2021, 7:05pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/32 "2021-07-15T19:05:28Z")
I’d like quicksilver better, since it’s a reference to Hello Games (quicksilver is a name for mercury, which has the chemical symbol Hg). ---
**Author:** ![jedidia](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/jedidia/32/1237_2.png) [@jedidia](https://forums.atlas-65.com/u/jedidia)\ **Post date:** [July 15, 2021, 8:48pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/33 "2021-07-15T20:48:12Z")
> [@MacForADay](#): > > Odysee is a website much like Youtube, but you actually get paid cryptocurrency for watching ad-free videos! Soooo… I assume they run mining scripts in your browser while you watch? Somehow I can’t imagine that to be veryefficient… ---
**Author:** ![Polyphemus](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/polyphemus/32/1884_2.png) [@Polyphemus](https://forums.atlas-65.com/u/Polyphemus)\ **Post date:** [July 15, 2021, 9:18pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/34 "2021-07-15T21:18:56Z")
I’ve been reading some fairly disturbing stuff about Odysee. > **[LBRY](https://en.wikipedia.org/wiki/LBRY)** > > LBRY (/ˈlaɪbrɛri/), is a blockchain-based file-sharing and payment network that powers decentralized platforms, primarily social networks and video platforms. LBRY's creators also created Odysee, an open-source video-sharing website that uses the network, and that was split into a separate company on October 1, 2021. Video platforms built on LBRY, such as Odysee, have been described as decentralized alternatives to YouTube. The company has described Odysee and other platforms it ha The LBRY pr... ---
**Author:** ![AdaRynin](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/adarynin/32/30535_2.png) [@AdaRynin](https://forums.atlas-65.com/u/AdaRynin)\ **Post date:** [July 15, 2021, 9:23pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/35 "2021-07-15T21:23:24Z")
Apply the “don’t follow the uncle who promises candy” rule? 🤨 I cannot tell how efficient such a miner is, but that seems to be a new thing now: Someone recently used my company’s (free trial) distributed performance test on such a browser miner, maybe to gauge how many “victims” he could leech off simultaneously… ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 15, 2021, 9:23pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/36 "2021-07-15T21:23:58Z")
Nope, users are not running the protocol; you don’t have to download anything to use it, it’s just a website like Youtube. Other people are running the protocol on their computers and storing the videos (encrypted so they can’t use or steal them) on their hard drives. These “miners” (I prefer to called them validators) are the ones allowing all the transactions to take place and are being paid in the LBC coin as well. Like I said in the video, the money that allows them to give crypto to both the users and content creators is from some users that buy the coins to donate to their favorite creators. It’s a new economy for video content creation that everyone benefits from. ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 15, 2021, 9:27pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/37 "2021-07-15T21:27:05Z")
To hear it from the horse’s mouth, here is the CEO of LBRY being interviewed by a former news reporter on Youtube: [![](https://us1.discourse-cdn.com/flex019/uploads/etarc/original/3X/a/b/ab405dbff3bbf2bc05c4d5e99bf1ca76c5c45191.jpeg "SEC sues LBRY prompting "save crypto" campaign || LBRY CEO Jeremy Kauffman") ](https://www.youtube.com/watch?v=NsViVc2-3Jo) ---
**Author:** ![jedidia](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/jedidia/32/1237_2.png) [@jedidia](https://forums.atlas-65.com/u/jedidia)\ **Post date:** [July 15, 2021, 9:52pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/38 "2021-07-15T21:52:34Z")
> [@MacForADay](#): > > Nope, users are not running the protocol; you don’t have to download anything to use it, it’s just a website like Youtube. Websites can run a ton of scripts in your browser. But as mentioned, crypto-mining would be extremely inefficient in such an environment. Waaaay too slow and no concurrency, so I was sceptical if that was really what they were trying to do. > [@MacForADay](#): > > Like I said in the video, the money that allows them to give crypto to both the users and content creators is from some users that buy the coins to donate to their favorite creators. It’s a new economy for video content creation that everyone benefits from. Ahhh… so it’s a proprietary currency for a kind of distributed content system. Ok, that actually sounds like a cool idea, except I can’t quite see yet the need for a full cryptocurrency. You can do that just by using normal tokens. _Unless_ you want to make tracking of content creators and consumers more difficult. And since we’re talking video content, that goes down a _very_ dark hole very fast. Don’t get me wrong, I’m not saying the platform owners have such intentions because I’m not sure I’m interpreting the system right, but _if_ someone were to build such a platform with the main intention of anonymous producers and consumers, it’ll get used for mostly one thing before long… If at least producers are still clearly trackeable, it’s fine, then it’s just a distributed delivery service upheld by donations. But again, I feel like a cryptocurrency is rather expensive overkill to facilitate that. ---
**Author:** ![MacForADay](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/macforaday/32/15055_2.png) [@MacForADay](https://forums.atlas-65.com/u/MacForADay)\ **Post date:** [July 15, 2021, 9:58pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/39 "2021-07-15T21:58:08Z")
The videos are permanently stored on the blockchain, but they can easily remove the video from being visible on the Odysee website. They have said they will remove illegal content like porn, violence and terrorism, but they will not remove differing opinions like Youtube does. ---
**Author:** ![jedidia](https://sea1.discourse-cdn.com/flex019/user_avatar/forums.atlas-65.com/jedidia/32/1237_2.png) [@jedidia](https://forums.atlas-65.com/u/jedidia)\ **Post date:** [July 15, 2021, 10:19pm UTC](https://forums.atlas-65.com/t/cryptocurrency/7545/40 "2021-07-15T22:19:34Z")
> [@MacForADay](#): > > The videos are permanently stored on the blockchain, but they can easily remove the video from being visible on the Odysee website. That doesn’t prevent the system from being used for illegal porn, I’m afraid. If the videos themselves are in the blockchain, then the producers become untraceable (or at least very, very difficult to trace). Their website is merely a convenient access registry on which people may or may not publish their videos, but access to them can be granted in other ways. I personally would have serious moral issues with participating in developing such a system, to be honest. [Previous page](https://forums.atlas-65.com/t/cryptocurrency/7545.md?page=1) [Next page](https://forums.atlas-65.com/t/cryptocurrency/7545.md?page=3)