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HbdNrx's profile
🐸 hbd nrx 🐸
🐸 hbd nrx 🐸
 🐸 hbd nrx  🐸
@HbdNrx

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 🐸 hbd nrx  🐸

@HbdNrx

Free speech activist. Darwinian reactionary. Gnon partisan. Frogs = implicit white identity. #humanbiodiversity

Moscow, ID
Joined August 2014

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    1.  🍂 The Petrichory  🍄‏ @The_Petrichory Sep 6
      Replying to @HbdNrx

      That isn't quite true. The value is intangible, but not zero. What value does a stable currency unable to be monkeyed with by a banking cartel or state-cum-Mafia have to you? I think the answer is inherent in your first tweet in this thread.

      1 reply 0 retweets 1 like
    2.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @The_Petrichory

      Of course people can give anything value if they believe it has value, but why do people believe crypto has nonzero value? All answers to that question are circular.

      3 replies 0 retweets 2 likes
    3.  🍂 The Petrichory  🍄‏ @The_Petrichory Sep 6
      Replying to @HbdNrx

      Not to get too Socratic, but tons of things have value upon which no monetary proxy seems to suffice. Beauty? Justice? One absolutely pays for these things in one way or another, but the far-reaching dividends of a functioning justice system are inscrutable and incalculable.

      1 reply 0 retweets 1 like
    4.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @The_Petrichory

      Good art is beautiful and I can buy it to put in my house. Is a bitcoin beautiful? Justice? Well, contracts and rights can be bought and sold. Is bitcoin a right to anything?

      1 reply 0 retweets 2 likes
    5.  🍂 The Petrichory  🍄‏ @The_Petrichory Sep 6
      Replying to @HbdNrx

      A right to be free of hyperinflation and debasement. To be free of central banking. To be free of the back-door taxation that the mint *actually* represents to people. That is a thing of beauty, my friend. Beauty pure and mathematical. 😁

      1 reply 0 retweets 2 likes
    6.  🍂 The Petrichory  🍄‏ @The_Petrichory Sep 6
      Replying to @The_Petrichory @HbdNrx

      I'm not saying bitcoin itself is the stone to slay Goliath. But it might be. Whether it wins or something like it remains to be seen. But I am quite certain some form of crypto will, eventually.

      1 reply 0 retweets 2 likes
    7.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @The_Petrichory

      I'm not sure what other forms crypto might take, which is why I said unbacked crypto. If the US government started taking taxes in crypto I'd call that a kind of backing, but why would they allow everyone to print more money by just running their computer?

      3 replies 0 retweets 2 likes
    8. ⠇⠝⠝‏ @archaeofuturist Sep 6
      Replying to @HbdNrx @The_Petrichory

      You're fundamentally not seeing what backs bitcoin - it's the network and the millions of MW/h it consumes that back up the scheme. All money is more or less a proxy for energy (food, fuel, heat, etc), and bitcoin is the least abstracted.

      3 replies 0 retweets 2 likes
    9.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @archaeofuturist @The_Petrichory

      That's not useful energy. If I had a certificate that gave me the right to use 100MJ of energy from the local power plant, that would be worth something. Bitcoin just shows me that someone did calculations in the past.

      1 reply 0 retweets 1 like
    10. ⠇⠝⠝‏ @archaeofuturist Sep 6
      Replying to @HbdNrx @The_Petrichory

      It's useful because you need massive amounts of energy to attack the network, without the need for a centralized arbiter that can be compromised. (This is why Eth is worthless, because of Vitalik bending over to fork the chain whenever a whale gets robbed)

      1 reply 0 retweets 2 likes
       🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @archaeofuturist @The_Petrichory

      But why should I care whether the chain is forked or not?

      11:20 AM - 6 Sep 2018
      • 1 Like
      • World's Greatest Dad: Say No to Puns
      3 replies 0 retweets 1 like
        1. New conversation
        2.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @HbdNrx @archaeofuturist @The_Petrichory

          (That is, why should I think these have value in the first place?)

          1 reply 0 retweets 1 like
        3. ⠇⠝⠝‏ @archaeofuturist Sep 6
          Replying to @HbdNrx @The_Petrichory

          It's just a trading token, a dollar doesn't have value either. Hell, gold only has value because it's durable and rare and people like it, it's not like gold has any particularly useful properties when viewed in the context of its rareness. All money is shared delusion.

          2 replies 0 retweets 2 likes
        4.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @archaeofuturist @The_Petrichory

          Gold is both useful and pretty. The dollar is required by law and backed with force.

          2 replies 0 retweets 1 like
        5.  🍂 The Petrichory  🍄‏ @The_Petrichory Sep 6
          Replying to @HbdNrx @archaeofuturist

          That's why gold is not ideal as a currency. Its rarity and useful electrochemical features shouldn't be tied up artificially as a proxy for valuing other things.

          1 reply 0 retweets 1 like
        6.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @The_Petrichory @archaeofuturist

          That's actually what makes it useful as a currency

          1 reply 0 retweets 3 likes
        7.  🍂 The Petrichory  🍄‏ @The_Petrichory Sep 6
          Replying to @HbdNrx @archaeofuturist

          The ideal currency is one that has absolutely no value whatsoever, but meets all the characteristics of a currency. One never has to worry that some new use of a cryptocurrency will artificially change its value because storing value is the only thing it does.

          1 reply 0 retweets 2 likes
        8.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @The_Petrichory @archaeofuturist

          Strong disagree

          1 reply 0 retweets 1 like
        9.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @HbdNrx @The_Petrichory @archaeofuturist

          (The dollar has most of that, but why does it have any value at all? Because the government collects taxes in it and enforces that with guns.)

          2 replies 0 retweets 1 like
        10. 1 more reply
        1. New conversation
        2.  🍂 The Petrichory  🍄‏ @The_Petrichory Sep 6
          Replying to @HbdNrx @archaeofuturist

          That's the beauty of it. You don't *get* to care. It's out of your hands entirely. The only people whose opinions on forking matter are the miners, and they have all the skin in the game.

          2 replies 0 retweets 0 likes
        3.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @The_Petrichory @archaeofuturist

          I don't have to care because I can go right on not using bitcoin

          2 replies 0 retweets 0 likes
        4. ⠇⠝⠝‏ @archaeofuturist Sep 6
          Replying to @HbdNrx @The_Petrichory

          You're free to do that and I'm free to believe you're wrong 🤷🏿‍♂️

          0 replies 0 retweets 2 likes
        5. End of conversation
        1. ⠇⠝⠝‏ @archaeofuturist Sep 6
          Replying to @HbdNrx @The_Petrichory

          It's not a matter of forking at 51%, it's a matter of whoever owns 51% being able to synthesize transactions and double spend if they want. That is to say it basically breaks the security of the entire network. You can fork bitcoin right now all you want and it doesn't matter.

          0 replies 0 retweets 0 likes
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