U can say it all u want but it has no meaning other than what u ascribe it to mean.
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Replying to @SoakerPatoshi @mwilcox and
Ok, i tried to answer your question. It’s direct tie to energy (however you want to describe it) was my take. FWIW I have an economics degree and have worked in finance and trading for years..
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Replying to @JordanTSack @SoakerPatoshi and
It doesn't have a direct tie to energy. It has precisely the opposite. an INDIRECT tie to energy via computational difficulty which is algorithmically controlled. There is nothing worldly about bitcoin
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Replying to @mwilcox @SoakerPatoshi and
Mark, how is a direct tie to computational algorithms (of any difficulty) not also a direct tie to energy? There is no way to compute without energy. It might be one step removed (indirect in this way), but it is still connected.
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Replying to @JordanTSack @mwilcox and
Dude, what? One-step removed is indirect.
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Replying to @austorms @JordanTSack and
U have an economics degree and u are saying "backed" which implies that u can exchange bitcoin for energy that its backed by.ABSURD!
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Replying to @SoakerPatoshi @austorms and
A little bit of respect and edict goes a long way, Jal. I contributed an answer to your public question. You then decided to ridicule, misrepresent, and then repost a strawman of me. I don’t engage with people of this quality. I’m always interested in learning and discussions.
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Replying to @JordanTSack @austorms and
If ur done calling down my character... U have brought ur economic rank into the dialogue...how can u assert that I can exchange bitcoin into what it is backed by...energy?
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Replying to @SoakerPatoshi @austorms and
All I’ve tried to say is that btc is different from fiat in its “indirect” or “closer” connection to energy. I misused the word “backed”. You got me... This type of arrogance is what turns people off from the entire industry.
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Replying to @JordanTSack @SoakerPatoshi and
the algorithmic regulation of computational power makes it exactly the opposite in reality. it is a type of super fiat
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Mark, but it would still be “indirectly” tied to energy in a way that fiat is not, no? (Algorithmic regulation aside)
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