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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. ⠇⠝⠝‏ @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
    2.  🐸 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
    3. ⠇⠝⠝‏ @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
    4.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @archaeofuturist @The_Petrichory

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

      3 replies 0 retweets 1 like
    5.  🐸 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
    6. ⠇⠝⠝‏ @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
    7.  🐸 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
    8.  🍂 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
    9.  🐸 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
    10.  🍂 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
       🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @The_Petrichory @archaeofuturist

      Strong disagree

      11:54 AM - 6 Sep 2018
      • 1 Like
      • World's Greatest Dad: Say No to Puns
      1 reply 0 retweets 1 like
        1. New conversation
        2.  🐸 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
        3.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @HbdNrx @The_Petrichory @archaeofuturist

          A currency with no value is useless as a currency

          0 replies 0 retweets 1 like
        4. End of conversation

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