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MorlockP's profile
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
@MorlockP

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ⓘ Dogs don't have thumbs

@MorlockP

Two-time Prometheus award-winning hard science fiction author. https://www.amazon.com/dp/B005JPPMS6  Learn how to homestead https://www.amazon.com/dp/B093BC3K1T 

Aristillus Crater, Luna
amazon.com/dp/B005JPPMS6
Joined June 2012

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    1. Prometheus 2.1‏ @wraithburn 14 Jun 2019
      Replying to @MorlockP

      I think the bigger problem is that crypto is a commodity, not currency.

      1 reply 0 retweets 1 like
    2. ⓘ Dogs don't have thumbs‏ @MorlockP 14 Jun 2019
      Replying to @wraithburn

      wat

      1 reply 0 retweets 1 like
    3. Prometheus 2.1‏ @wraithburn 14 Jun 2019
      Replying to @MorlockP

      Dr. Keen pointed that out. Crypto is more akin to gold and silver than money. And, at least with Bitcoin, the transaction speed and energy costs are so bad it can't act scale anyway.

      1 reply 0 retweets 2 likes
    4. ⓘ Dogs don't have thumbs‏ @MorlockP 14 Jun 2019
      Replying to @wraithburn

      I agree that transaction speeds are bad but ... it already HAS scaled hugely your claims seem ill defined / non falsifiable

      1 reply 0 retweets 1 like
    5. Prometheus 2.1‏ @wraithburn 14 Jun 2019
      Replying to @MorlockP

      Dr. Keen was quite specific about the transaction speeds. 7 a second is completely insufficient. As well, needing the energy output of Belgium for just current Bitcoin amounts is insane. It won't replace money, it doesn't scale to that level.

      1 reply 0 retweets 0 likes
    6. ⓘ Dogs don't have thumbs‏ @MorlockP 14 Jun 2019
      Replying to @wraithburn

      insufficient to who?

      1 reply 0 retweets 0 likes
    7. Prometheus 2.1‏ @wraithburn 14 Jun 2019
      Replying to @MorlockP

      The several hundred thousand transactions a second of U.S. dollars.

      1 reply 0 retweets 1 like
    8. ⓘ Dogs don't have thumbs‏ @MorlockP 14 Jun 2019
      Replying to @wraithburn

      ok, cool, thx I agree with that. OTOH, BTC protocol evolves. It has before, and it will again.

      1 reply 0 retweets 1 like
    9. Prometheus 2.1‏ @wraithburn 14 Jun 2019
      Replying to @MorlockP

      That's fair. As it stands now though, we have a commodity that is expensive energywise, with a slow transaction speed relatively. Not a currency. Which, I think, is useful for comparing to what we want it to become.

      1 reply 0 retweets 0 likes
    10. ⓘ Dogs don't have thumbs‏ @MorlockP 14 Jun 2019
      Replying to @wraithburn

      you keep acting as if "currency" has some very specific definition, and a crisp boundary where if it's one inch to the left it's not, but a bit to the right and it is I reject that if I pull a Euro out of my pocket this second, is it currency? I'm in US, so no how about a $ ?

      1 reply 0 retweets 1 like
      ⓘ Dogs don't have thumbs‏ @MorlockP 14 Jun 2019
      Replying to @MorlockP @wraithburn

      I'm in my house, so no, nothing to spend it on. How about a dollar in a bank account, where I have to drive to the bank to pull it out and move it into checking? How about a pork future...which I can sell online in 2 seconds?

      5:53 AM - 14 Jun 2019
      0 replies 0 retweets 1 like

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