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 …
-
-
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
Show this thread -
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
Show this thread
End of conversation
New conversation -
-
-
I see you're going to be giving me lots of people to preemptively block today. Thank you for your service.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
1) Miners don't control Bitcoin 2) According to recent trends, less than 50% of BTC mining takes place in China, and that # will continue to decrease over time 3) Bitcoin has done more to provide people in China with freedom than your virtue signaling on this website ever will
- Show replies
New conversation -
-
-
lol, that's a pretty blatantly sinophobic comment. fwiw I don't believe that bc is a human rights tool or a a defence against authoratarianism. And definitely not a defense against kleptocracy, if anything it's a tool for that. Still, blatantly sinophobic comment dude.
-
If it's so blatant, you can surely explain
- Show replies
New conversation -
-
-
To be honest, it seems like the Chinese really do need it a lot. Their government has a history of doing strict capital and currency controls. They also have lots of hydro power over there, hopefully that reduces the environmental impact.
-
Nobody needs Bitcoin. Nobody
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.