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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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
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So… the 51% attack is quite realistic then?
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Not a chance.
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That graphic is from 2020, check https://www.blockchain.com/charts/pools for a current distribution of pools. Also keep in mind that many miners worldwide still use Chinese pools, the hashrate is not purely from China.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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