The total amount of hard drive storage is massive, but the number assigned to retail channels is not, and it is hard to increase. This is doubly true for the high-end SSDs that chia farmers favor for plotting (that is, creating new bingo squares)
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The problem with cryptocurrency, though, is that it has that false promise. It seduces people who are exceptionally brilliant but (for whatever reason) uncomfortable with the messiness of social interaction and human institutions in general. And it attracts raging sociopaths.
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The usual mantra is that technology is amoral, and we twist it to our human ends, for good or bad. But cryptocurrency is a good candidate for tech that is inherently evil. It's an intellectual island of the Lotus Eaters for smart minds, and you can also do lots of crimes with it
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Anyway, keep an eye out for Pinboard FunBuxx! You'll want to get in on the ground floor of this one
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The internet-mediated diversion of extremely smart people into dead-end basins of thought like hyperintelligence or cryptocurrency is something I post a lot about on this site, rather than making productive use of my time
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Those who really understand blockchain well understand this and aren't trying to escape social interactions or contracts. Blockchain merely provides us with ways of managing resource allocation more equitably by helping increasingly large groups of people to reach agreement.
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Increasingly large groups of people inherently can’t reach agreement. Fake money won’t fix that
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The fact that every human interaction is social doesn't mean that technology can't improve upon that interaction. Does a constitution make it impossible for a ruling party to abuse power? No, but it makes it harder.
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Can some form of money be better than some other form? In the end, it's just social coordination of human interaction. But would you prefer a US Dollar or an Argentinean Peso?
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