This is my favorite kind of derptopianism. The total collapse of society will finally let us transition to a technology that requires ubiquitous connectivity, extraordinary power consumption, transnational high-tech supply chains, and can handle 10 transactions a minute. https://twitter.com/balajis/status/1392190984910360576 …
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We'd all be better off if the tech industry were led by a country like Argentina or Lebanon, that has in its recent history experienced points all along this spectrum and as a result has a lot more chill. Instead people are panicking over a line at a gas station.
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Yes, Bitcoin is a powerful human rights tool to defend against authoritarianism and kleptocracy. That explains why 2/3 of this decentralized freedom currency is mined in China, with more than half of that just in Xinjiang—they need it there the most!https://twitter.com/gladstein/status/1392205251625639938 …
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Correction: I said China mines 2/3 of Bitcoin; the correct figure is in fact 3/4, according to a study out last month. Pinboard regrets the error. https://www.nature.com/articles/s41467-021-22256-3.pdf …pic.twitter.com/3bASxFiBYh
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In fairness to
@balajis, I have to concede his point that crypto doesn't require the internet. Bitcoin has an adaptive difficulty parameter that (after the bombs fall) will drop until it becomes profitable to hash with goose quills by candlelight https://twitter.com/balajis/status/1392197512568578048 …This Tweet is unavailable.Show this thread -
Here's the context for this thread, since the VC I was responding to couldn't handle some mild zingers about his toy money:pic.twitter.com/XNq1DGBFHs
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End of conversation
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feel like our collective inability to get our heads around COVID was a similar phenomenon. lots of people heard "global pandemic" and visualized a plague that kills a significant majority of the species, and when it became clear covid wasn't that, they decided it wasn't serious
Thanks. Twitter will use this to make your timeline better. UndoUndo
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