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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

      A steady transition to crypto that cannot be minted or controlled by any singular party eases things greatly.

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

      Unbacked crypto won't work

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

      That's the interesting thing about crypto. It backs itself in the same way any fiat currency does - faith in its stability and trustworthiness. The people who do not have faith in it, do not understand it, or DO understand it and hate what it could do to the banking cartel.

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

      The former faithless sort can be assuaged by making it so easy to deal with that the technical aspects are no longer concerning to them. Most people don't know how any other type of currency works either. The latter have power, and the only real threat to it is outlawing it.

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

      Outlawing it may Streisand-Effect it into true ubiquity and ensconce it as valid and essential. I think world powers know this, which is why most of them have avoided that unintended consequence.

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

      What I really mean is that all current cryptocurrencies have a true price of zero and arguments that they should have valur are all circular. In contrast, fiat is backed by government force and its tax demands.

      2 replies 0 retweets 8 likes
    7. Outsideness‏ @Outsideness Sep 6
      Replying to @HbdNrx @The_Petrichory

      If a currency can be "backed" by government force it can be "backed" by censorship resistance.

      1 reply 1 retweet 13 likes
    8.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @Outsideness @The_Petrichory

      That doesn't really define a value in the same way taxes do

      1 reply 0 retweets 4 likes
    9. Outsideness‏ @Outsideness Sep 6
      Replying to @HbdNrx @The_Petrichory

      Crypto has been on that problem for a while. Good summary here: https://queue.acm.org/detail.cfm?id=3136559 … ...

      2 replies 2 retweets 5 likes
    10. Outsideness‏ @Outsideness Sep 6
      Replying to @Outsideness @HbdNrx @The_Petrichory

      ... See especially the evolution from Hashcash to Bitcoin.

      1 reply 0 retweets 4 likes
       🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
      Replying to @Outsideness @The_Petrichory

      I'm not seeing how proof of work (or any of the rest) creates an asset of value

      10:00 PM - 6 Sep 2018
      • 2 Likes
      • World's Greatest Dad: Say No to Puns petit bourgeois deviationist running dog
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Outsideness‏ @Outsideness Sep 6
          Replying to @HbdNrx @The_Petrichory

          You're seeing it in the world. How many years of non-zero value before you accept there's something there?

          3 replies 0 retweets 7 likes
        3.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 6
          Replying to @Outsideness @The_Petrichory

          15 more years

          1 reply 0 retweets 6 likes
        4. inhumane kantian‏ @cyborg_nomade Sep 12
          Replying to @HbdNrx @Outsideness @The_Petrichory

          is that a bet?

          1 reply 0 retweets 2 likes
        5.  🐸 hbd nrx  🐸‏ @HbdNrx Sep 12
          Replying to @cyborg_nomade @Outsideness @The_Petrichory

          I guess at that point I may admit I was wrong if crypto retains value.

          1 reply 0 retweets 1 like
        6. Rob Moseley‏ @rob_mose Sep 12
          Replying to @HbdNrx @cyborg_nomade and

          I don't think POW gives Bitcoin "value" (weird variation on LTV?). Rather, work done is determined by Bitcoin's value. POW is simply a method for securing the ledger/token scarcity. If fiat relies of anti-counterfeiting tech & sovereign violence, Bitcoin has cryptography & POW.

          2 replies 0 retweets 3 likes
        7. Rob Moseley‏ @rob_mose Sep 12
          Replying to @rob_mose @HbdNrx and

          But once scarcity is established, explaining value becomes easier. Is there a desirable and unique usecase? Silk Road found one. If the usecase is conditional on holding tokens, then supply and demand yields price. Price volatility simply results from speculation on future price.

          0 replies 0 retweets 1 like
        8. End of conversation

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