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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The apocalyptic impulse keeps popping up again and again in Silicon Valley (remember the Singularity?) and shows the true contempt the tech elite has for institutions and democracy. Step 1 is always to sweep away the old and do a ground-up rewrite of society
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Pinboard Retweeted Jody Shenn
This is a great accelerationist point! The only practical achievement of cryptocurrency in its 13 years of existence has been to make ransomware a tenable industrial pursuithttps://twitter.com/JodyShenn/status/1392196349291110407 …
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Step 1: create an alternative form of money to do all the crime Step 2: crime causes systemic collapse Step 3: everything works out somehow
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Pinboard Retweeted
Another excellent point. There is a general phenomenon of flattening going on, where people can't understand that there is a massive distance between mild social dysfunction and some Max Max existence, or between an authoritarian turn and full-on fascism. https://twitter.com/ParetoOptimizer/status/1392196314969083907 …
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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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Pinboard Retweeted Alex Gladstein 🌋
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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Alex Gladstein 🌋Verified account @gladsteinReplying to @PinboardThe “tech elite” doesn’t control Bitcoin. It’s neutral, open, borderless technology with no special rules for the rich. It is a powerful human rights tool to defend against authoritarianism + kleptocracy. Anyone w/ internet can access it today. Ultimately it threatens the elite.9 replies 57 retweets 260 likesShow this thread -
Replying to @Pinboard
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
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Stop lying its actual 75% of bitcoin is mined in china: Your're a tool. https://www.cnbc.com/2021/04/08/chinas-bitcoin-mining-is-threatening-its-climate-change-targets.html#:~:text=published%20this%20week.-,Some%2075%25%20of%20the%20world's%20bitcoin%20mining%20is%20done%20in,largest%20cities%2C%20the%20paper%20claims ….
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Replying to @halberstram11 @gladstein and
No that research was debunked and poorly done. China mining constitutes around 30% of hash rate and declining every year. Everyone is rewarded for mining, not China’s fault they jumped on the opportunity first. It’s a free market
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Please cite your source, the 75% figure is from a Nature paper published last month.
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Replying to @Pinboard @halberstram11 and
Will 🟠 🌋 ∞/21M Retweeted nic carter
The entire paper was Debunked by
@nic__carter in this thread: https://twitter.com/nic__carter/status/1379779100022345729?s=20 … I shouldn't speak for others but Nic has extensive research on the topic of energy usage and mining and is more knowledge than any no coiner from nature on the topic. https://niccarter.info/topics/Will 🟠 🌋 ∞/21M added,
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