https://www.europesays.com/2306647/ ASIC close to approving Cboe Australia’s bid to break ASX monopoly — Capital Brief #ASIC #australia #markets #regulation
#asic
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https://www.europesays.com/2299809/ ASIC flags potential conflicts on research and products #AFSLs #ASIC #BestInterests #Conflicts #ConflictsOfInterest #geopolitics #RegulatoryGuidance #RG181
EUROPE SAYS · ASIC flags potential conflicts on research and products - EUROPE SAYSHome > Funds Management > ASIC flags potential conflicts on research and products
@maikel basically, it boils down to the few key features of #Monero:
1. #Anonymity & #Privacy: Unlike with any other #cryptocurrency (aka. #Shitcoins) it's not just pseudonymous in that there is no mandatory linkage between individuals & their wallets, but the entire transaction history and balance is hidden. Unlike say #Bitcoin or #Ethereum one cannot track the coins from the moment of mining to their destination.
2. Speed: Monero's network does mine one block every 2 minutes. After 10 blocks any transfered balance gets unlocked for spending. That means that a transfer is completed at worst within 6 minutes and the balance is being unlocked at worst after 24 minutes. This makes it faster than Instant-#SEPA which only has a 1 hour SLA.
3. #Fungibility: Like #cash all it's coins are equal, since they cannot be tracked. This makes Monero the digital equivalent of cash.
4. #Scalability & #Stability: Monero adaptively self-adjusts block sizes and mining difficulty based upon demand (transactions in it's mempool aka. requested transactions that have to be added to the blockchain) and supply (total blockchain hashrate). Unlike Bitcoin and Ethereum it has a fixed Tail Emission Rate of at least 0,6 #XMR (Monero) per block, so the miners solving it get at least 0,6 XMR (+ transaction fees), which is a longterm stable rate. Bitcoin and Ethereum will necessitate huge transfer fees once their last coins are mined to make sense, which will result in the crash of said cryptocurrencies as they'll be too expensive to trade!
5. Anti-#ASIC and focussed on #CPU|s of general-purpose machines: Whilst it does run on #ProofOfWork, it's specifically designed to run poorly on #GPU|s and not on #ASICs as the latter one are not just manufactured #eWaste but also inherently increase the centralization (with less than a dozen big miners controlling >50% of Bitcoin and Ethereum's hashrate respectably). Thus it's the "least worst" in that regard. #ProofOfStake is not possible due to it's privacy-based setup (#Staking necessitates a public balance) and unlike a #Shitcoin like #FileCoin it doesn't incentivize #hoarding components. (in this case: #HDD|s)
6. Accepted & Convertable: Whilst there is a concerted effort to ban Monero, there are payment processors like #NowPayments that accept Monero. It's low transaction fees and good speed make it useable in settings like Restaurants and Online Stores (sadly not retail, because it would need to be like 60x faster)... And even then it's easy to convert to/from Shitcoins.
That's the #TLDW of Whiteboard Crypto, Mental Outlaw and The Hated One…
And finally:
7. Monero gets continously developed and enhanced, whereas Bitcoin, #Litecoin and Ethereum don't even do proper #upgrades via #HardForks (see #EthereumClassic)...
Replied in thread
@tante "#AI" is such a level of "#WastefulComputing" that it makes #CryptocurrencyMining look like an act of #EnergyConservation and #EnvoirmentalProtection by comparison.
- After all, #Shitcoins like #Bitcoin & #Ethereum too are using expensive manufactured #eWaste in the form of #ASIC|s, and like all those "#AiAccelerators" they are useless beyond being the most sophisticated & expensive space heaters by BTU.
Not that it doesn't make #Shitcoin-#Mining any less unethical and wrong!
Australia’s Securities Regulator to Probe ASX After Collapsed Blockchain Project - Australia’s Securities and Investment Commission (ASIC) has turned to three of the countr... - https://www.coindesk.com/policy/2025/06/26/australias-securities-regulator-to-probe-asx-after-collapsed-blockchain-project #australia #policy #probe #asic #news #asx
CoinDesk · Australia’s Securities Regulator Taps Expert Trio to Probe ASX's Operations
Listen, I hate #Trump as much as anyone but I can give credit where it's due, and this is a solid win:
> Dominant Chinese makers of #bitcoinMining machines set up US production to beat #tariffs
Replied to Kevin Karhan 
@kkarhan @hyc @voxel
My point was that Ethereum staking can be run on a NUC or even on a Rasperry Pi.
There are no ASICs here. So:
"#Ethereum uses #ASIC|s which makes it way more polluting due to these being useless for anything else."
is completely false. misinformation.
meanwhile:
" the only thing that moving #Ethereum from #PoW to #PoS achieved is raising the wall to make it harder, more expensive amd less attractive for #SmallInvestors to fiddle with it."
Is also demonstrably false.
Replied to Aron Fischer
@cobordism @hyc @voxel It's called #mathematics, because #ASIC|s are simply manufactured #eWaste by virtue of being non-reuseable nor upcycle-able.
- A #CPU or #GPU can at least be #reused for different tasks and even #upcycled to be used in #consumer chassis with an adequate cooling system.
Your reply indicates that you ain't aware of fundamentals like what an ASIC is, that producing ICs is inherently bad for the envoirment and that these are just bad per concept, thus you've disqualified yourself with the saneist reply from any discussion.
- I'll give you a timeout of a few days. Feel free to sincerely apologize after that...
berlin.socialAron Fischer (@cobordism@berlin.social)@kkarhan@infosec.space
"Whether the PoS transition did save energy is debateable since #Ethereum uses #ASIC|s"
can I have some of what you are smoking? Must be strong stuff :D
@hyc@mastodon.social @voxel@infosec.space
Replied to Aron Fischer
@cobordism @hyc @voxel IMHO the only thing that moving #Ethereum from #PoW to #PoS achieved is raising the wall to make it harder, more expensive amd less attractive for #SmallInvestors to fiddle with it.
- #NotFinancialAdvice but I would've always disrecommended that espechally after #Buterin et. al. decided to #Backroll due to them and others having been #HornyForMoney and wanting to pull funds from #TheDAO.
Demondtrably, #EthereumClassic would at least be more trustworthy, alas that's an Opinion based off 'vibes'…
Replied in thread
@hyc @voxel also #PoS inherently rewards rich users and concentrates power even more than the nature of #PoW would, as running a #Monero #node or #miner doesn't require expensive custom #ASIC|s that are going to become manufactured #eWaste down the line and can't be repurposed for anything but being the noisiest and most expesive space heaters!
https://infosec.space/@kkarhan/114638656071829798
- Or to put it into perspective: PoS implementations like #Ethereum only rewarded already abdurdly rich capital holders and wiped everyone else out due to every PoS mechanism demanding a minimum of staked coins AND even if it didn't all of them inherently reward staking more with a higher "rent" / "reward"!
Case in point: There are only ugly and filthy solutions to that problem and Monero chose the "least worst" they could: Shure it still has problems but those are at least fully known, understood and working as in 'communities can outnumber single rich entities'...
Infosec.SpaceKevin Karhan :verified: (@kkarhan@infosec.space)@voxel like all #PoW #Cryptocurrency, #Monero too does #WastefulComputing.
- Unlike many others it automatically adapts #Difficulty based off total #hashrate as it enshures a constant block reward of 0,6 XMR + Tx Fees per block at a constant block time of 2mins per block.
That being said Monero was explicitly designed to not be #ASIC-able in a cost-efficient manner and be #GPU-unfriendly, so it's more #decentralized and doesn't cause harm by demanding custom hardware that can't be repurposed that causes 100% avoidable #eWaste!
- IOW: I's the *'least worst'* option given it's PoW doesn't incentive or reward capital holders (beyond the ability to host and have power to mine)…
Replied in thread
@voxel like all #PoW #Cryptocurrency, #Monero too does #WastefulComputing.
- Unlike many others it automatically adapts #Difficulty based off total #hashrate as it enshures a constant block reward of 0,6 XMR + Tx Fees per block at a constant block time of 2mins per block.
That being said Monero was explicitly designed to not be #ASIC-able in a cost-efficient manner and be #GPU-unfriendly, so it's more #decentralized and doesn't cause harm by demanding custom hardware that can't be repurposed that causes 100% avoidable #eWaste!
- IOW: I's the 'least worst' option given it's PoW doesn't incentive or reward capital holders (beyond the ability to host and have power to mine)…
Replied in thread
@serpentroots IMHO, all this "#AI" #slop should be outlawed for all the right reasons.
Even if we didn't care that #WastefulComputing for it and even #Bitcoin-like #ASIC|s for it [aka. #NPU|s] are being built, the Power Consumption is just bad!
Just like running a car engine for no good reason within city limits is banned in #Germany for #AirPollution reasons alone, so should generating shitty #AIslop for #pollution of the #Internet and being #waste of #energy, and computing resources from #compute to #storage and #traffic!
Hachyderm.ioTom (@serpentroots@hachyderm.io)As part of my job, I have to evaluate AI tools. Part of that evaluation is pushing them to their limit. Today, I realised Cursor has a setting where if you critique its work enough, it goes silent and refuses to apply changes.
It's a moody junior dev whose overconfidence and bravado quickly turn to surly silence when their work is questioned. The happy, helpful (and frequently wrong) AI is gone, replaced by a useless one with a bad attitude that won't make it past the next performance review.
Christ. I'm used to managing engineers, but I draw the line at managing AIs.
#ai #cursor #llm
Manufacturers Are Building ASICs That Look More Like Servers. Here’s Why
CoinDesk · Manufacturers Are Building ASICs That Look More Like Servers. Here’s Why: Blockspace
The Spade Hardware Description Language - Spade is an open-source hardware description language (HDL) developed at Linköping... - https://hackaday.com/2025/04/13/the-spade-hardware-description-language/ #hardwaredescriptionlanguage #spadelanguage #hardware #verilog #fpga #asic #vhdl #hdl
Hackaday · The Spade Hardware Description LanguageSpade is an open-source hardware description language (HDL) developed at Linköping University, Sweden. Other HDLs you might have heard of include Verilog and VHDL. Hardware engineers use HDLs to de…
Active Super ordered to pay $10.5 million penalty in ASIC’s third greenwashing court action
asic.gov.au25-042MR Active Super ordered to pay $10.5 million penalty in ASIC’s third greenwashing court action | ASICFair, strong and efficient financial system for all Australians.
A Tiny Tapeout SDR - The Tiny Tapeout custom ASIC project has been around for a while now, and has pass... - https://hackaday.com/2025/02/11/a-tiny-tapeout-sdr/ #tinytapeout #radiohacks #parts #asic #sdr
Hackaday · A Tiny Tapeout SDRThe Tiny Tapeout custom ASIC project has been around for a while now, and has passed through several iterations of its production. On each Tiny Tapeout chip are multiple designs, each representing …
Replied in thread
@calisti @pluto @jak2k @alexis_roussel also it ridicules #ASIC use as well it's #centralization!
- There are less people in control of #Bitcoin's Hashrate than there are people in control of #PrintingPresses and equipment for #Euro banknotes.
Infosec.SpaceKevin Karhan :verified: (@kkarhan@infosec.space)@duco@norden.social @alexis_roussel@piratenpartei.social what makes #Bitcoin the real #shitcoin (along with basically everything that isn't #Monero) is that it's not only #PoW (#ProofOfWork) but also basically #ASIC-based, so that means literal metric tons of #eWaste get created every year producing those.
- And since ASICs ain't like #CPU|s, #GPU|s & #FPGA|s, one can't even #reuse & #upcycle them for different workloads (like #Rendering and general-purpose #Compute) as they are absolutely inflexible in their use-case.
Replied in thread
@duco @alexis_roussel what makes #Bitcoin the real #shitcoin (along with basically everything that isn't #Monero) is that it's not only #PoW (#ProofOfWork) but also basically #ASIC-based, so that means literal metric tons of #eWaste get created every year producing those.
Replied in thread
@dw_innovation and that's also added by #AntiRepairDesign by all the #GAFAMs that do imacceptable stuff like #SolderedDownStorage, #SolderedDownRAM, #GluedInBatteries and #RivetedKeyboards that have no reason to exist except fleecing customers by overcharging them for more #Szorage & #RAM as well as enshuring #Repairability is twarted below cost-effective.
- #RightToRepair must not only be enacted as a hard #law with severe penalties and wide-ranging demands for companies, but also must #AntiRepair-#Design be outlawed.
And don't even get me started on #MamfacturedEwaste like #AI #Chips and #ASIC|s for #Shitcoins like #Bitcoin which are inherently #unsustainable and unlike #CPU|s, #GPU|s and other #UsedHardware not really #refurbishable and #recycle-able or even #upcycle-able beyond being "the most complex, noisy and inefficient space heaters possible"...