Tell me stories of once-smart people you've lost to the blockchain
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@TFL1728. Still smart on many other things. Including the instability of fiat currencies. But seemingly unaware of or reluctant to contemplate the possibility (me: certainty) of an eventual crypto collapse. Trigger: emergence of *sound* Digital Money enabling low-cost payments.1 reply 0 retweets 0 likes -
Still refusing to accept the idea that cryptos are a sound money by any definition that can be applied to gold. One needs a refresher in Mises' Regression Theorem. Crypto collapsing only does so if gold collapses as well and humanity chooses unsound money.
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I can buy and sell gold without depending on a hundred thousand neckbeards running up their power bill
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Nope just another few million people making sure the lights are on, the gasoline is flowing and the all the rest of the things that make civilization possible. Where do you think gold comes from? The studious application of labor and electricity. Try harder, luddite.
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Gold comes from supernovas
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Gold coins are tokenized human work. Fuel and electricity are the biggest components of COGS for any gold miner. Bitcoin is literally tokenized electricity, and as
@MichaelSaylor points out, tokenized WASTE electricity adding value where there was none.3 replies 0 retweets 0 likes -
Replying to @TFL1728 @rogerbass and
Bitcoins are integers with a story
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In thinking about digital payments technology, from the retweets/likes of this, there is no shortage of people drawn to epigrams rather than expertise. But then, we already knew that.
1 reply 0 retweets 1 like
Okay, but we're not talking about digital payments here, we're talking about bitcoin.
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