Stephan Paukner :: syslog

My experiment with crypto coins is over. (No, these are no currencies.)

Last summer, when the crypto hype started taking off, I decided to get my hands dirty and to learn what’s up with this stuff. I decided to spend around €50 on each of a few established crypto coins and expected to lose them all.

My take-away now is: I’m so glad I got everything back into real money. Crypto coins are a fad and will not revolutionize anything in this shape but scam. Crypto coins only work in times of (relative) stability and working infrastructure. Crypto coins are no way to protect wealth from disasters such as weather, government, nuclear meltdown or financial system meltdown. Crypto coins need way too much energy, they live in a world of busily buzzing networks and heated-up CPUs and GPUs. All this crypto stuff is not ready for prime time (or has its prime time already passed?), it’s much too complicated, you have to have too much and too deep technical knowledge to be able to handle your funds. Here are some examples I experienced myself:

• You have to manage a scattered and varied set of crypto wallets to actually store your funds. Mine included online wallets, local wallets on my (Linux) PC and an exchange.
• Because you do not want to save your passwords, you have to memorize them very well, and to not forget them, you have to log into your wallets regularly. If you try a few wrong passwords, your IP is slowed down or blocked, and you locked yourself out, right when you actually needed access. Of course, you use 2FA, and you’re thus dependend on your smartphones or tablets happily running.
• For every transfer, you have to click through a wall of confirmations, captchas, more 2FA codes, and verifications via e-mail. You depend on access to your e-mails. (Do your internet access points and e-mail providers anticipate large-scaled disasters?)
• If you’re too sloppy and forget to include the payment ID in your transfer to an exchange, you need their support and have to wait for days to get your funds back.
• Your balance might suddenly show up as zero. (In my case, it was my local IOTA client.) You have to do research, update your client and try pointless “reattachments to the Tangle” until you finally see your balance again and get rid of it, rid of it, exchange it into real money, my ass.
• Exchange of regular (small) amounts might be artificially slowed down or made impossible, because the networks don’t scale.

It might well be that blockchain and smart contracts reach a plateau of productivity one day, but I downright hope that crypto coins will not. Mining rigs are placed in containers next to power plants! Finance portals publish crypto reports as if these were a regular asset class! For the times ahead, better invest into something tangible or into capital that cannot be raided, like social capital or knowledge capital. I want to know something, be able to do and rely on something that does not depend on a running and ever-consuming industrial infrastructure.

Änderungen seit 03/2018

Folgende 14 Rufzeichen sind verstummt:

• OE1GQS
• OE1HTU
• OE1XDC
• OE3GLS
• OE3HFA
• OE3HSA
• OE3WAU
• OE5BVB
• OE5RSL
• OE7AXT
• OE7BWT
• OE8BHK
• OE8HIK
• OE9JGV

Folgende 27 Rufzeichen wurden bewilligt:

• OE1GLS
• OE1LMK
• OE1MOO
• OE1MQT
• OE1SYH
• OE1SYN
• OE2MVL
• OE3BGF
• OE3BVB
• OE3ELJ
• OE3RSL
• OE3XHS
• OE5VCA
• OE6ATK
• OE6BIR
• OE6GHH
• OE6JAE
• OE6LIS
• OE6LZP
• OE6MYK
• OE6PGM
• OE6PRJ
• OE6PUC
• OE6RNT
• OE6SRE
• OE6XRX
• OE8APO

Quelle: BMVIT

Änderungen seit 01/2018

Folgende 70 Rufzeichen sind verstummt:

• OE1ESC
• OE1ETU
• OE1FSB
• OE1HOA
• OE1HZU
• OE1KGC
• OE1MPA
• OE1NCC
• OE1RNC
• OE1ROW
• OE1RRU
• OE1SDA
• OE1SRB
• OE1VEB
• OE1YLS
• OE2CKO
• OE2FCO
• OE2GLN
• OE3ELG
• OE3FKR
• OE3GS
• OE3HQS
• OE3LMC
• OE3LMS
• OE3MKS
• OE3OHW
• OE3PXU
• OE3VCA
• OE3XHS
• OE3XYR
• OE4DXP
• OE5BBO
• OE5CWN
• OE5DLL
• OE5FEM
• OE5FZN
• OE5NEN
• OE5PGM
• OE5PJW
• OE5XIM
• OE5XOR
• OE6EL
• OE6HBE
• OE6HTD
• OE6JV
• OE6MGL
• OE6VTG
• OE6XEG
• OE6XIG
• OE6YQW
• OE7GX
• OE7HET
• OE7OAW
• OE7ORI
• OE7SMJ
• OE7SSI
• OE7WZI
• OE7YHT
• OE8GRK
• OE8HMR
• OE8JOQ
• OE8OBK
• OE8RBQ
• OE8YIQ
• OE8YOQ
• OE9HVI
• OE9JKH
• OE9LFI
• OE9SEI
• OE9WGV

Folgende 14 Rufzeichen wurden bewilligt:

• OE1FKR
• OE1FQB
• OE2AKT
• OE2RNC
• OE2XOD
• OE3DZW
• OE3ROW
• OE5AIN
• OE5FSQ
• OE6JXG
• OE6WMG
• OE7DMJ
• OE7IRI
• OE8HHM

Die Rufzeichenliste wird offiziell vom BMVIT herausgegeben und immer am Monatsanfang aktualisiert. In Hinkunft möchte ich diese Änderungen automatisiert erstellen, da ich keine andere Quelle gefunden habe, die nur diese herausarbeitet, zumal dazu eine Referenz auf die vorhergehende Veröffentlichung benötigt wird.