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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Arthur Chu‏Verified account @arthur_affect Feb 28

      Arthur Chu Retweeted max turnbull  🌺

      When I first started yelling at people about this five years ago they told me Ethereum was halfway there to displacing proof-of-work with proof-of-stake ("halfway" because of the fork with Ethereum Classic) Since then, they've gone from halfway to zerohttps://twitter.com/beakfriends/status/1366193100226461698?s=20 …

      Arthur Chu added,

      max turnbull  🌺 @beakfriends
      crypto ppl are like "in a few months the technology will be more eco-friendly" sure bro we have an entire half-inch of icecap left let's fuck around with it
      Show this thread
      3 replies 42 retweets 167 likes
      Show this thread
    2. Arthur Chu‏Verified account @arthur_affect Feb 28

      If you don't know what that means... good Basically they kept saying there's a complicated math way to do Bitcoiny stuff *without* constantly burning massive amounts of power But everyone who's promised to do it has abandoned it Because no one actually gives a shit

      1 reply 6 retweets 77 likes
      Show this thread
    3. Arthur Chu‏Verified account @arthur_affect Feb 28

      Bitcoin stalwarts sneering at all the "altcoins" as a waste of time say that proof-of-work is essential because "no other method has the concept of scarcity scaling to demand baked right in" I think they are correct, and this is also why they are fundamentally evil

      1 reply 13 retweets 88 likes
      Show this thread
    4. Arthur Chu‏Verified account @arthur_affect Feb 28

      Mining Bitcoin *has to be* something that gets harder and harder to do the more people are trying to do it, and the only way to enforce this and make it impossible to get around is to make the difficulty based on burning real physical resources

      2 replies 17 retweets 96 likes
      Show this thread
    5. Arthur Chu‏Verified account @arthur_affect Feb 28

      It makes perfect sense as the only really logical way to accomplish Bitcoin's goals, and that's why its goals are evil

      2 replies 6 retweets 80 likes
      Show this thread
    6. Brenton Poke‏ @BrentonPoke Feb 28
      Replying to @arthur_affect

      There is one project that wants to commit that power toward research called BOINC, but it never caught on and doesn't have the absurd volatility bitcoin has always had, which is what coin fanatics really want.

      1 reply 0 retweets 1 like
    7. Arthur Chu‏Verified account @arthur_affect Feb 28
      Replying to @BrentonPoke

      I actually tried mining Gridcoin for a while and I never made more money than I could've by using the same computing resources to, I dunno, play FPSes continuously until after six months of gaming I suddenly notice a nickel on the floor I didn't see before

      1 reply 0 retweets 3 likes
    8. Brenton Poke‏ @BrentonPoke Feb 28
      Replying to @arthur_affect

      I couldn't figure out how to run the software on linux and gave up because I didn't want to have to be in windows to deal with it. I think gridcoin could've been something real useful if this digicoin idiots actually wanted to solve a problem.

      1 reply 0 retweets 0 likes
    9. Arthur Chu‏Verified account @arthur_affect Feb 28
      Replying to @BrentonPoke

      Nah I personally doubt it, it's magical thinking All of these blockchain token implementations go through all this work to make it possible to turn something you do on a computer into scarce amounts of poker chips Which is the fun (not that hard) technical challenge

      2 replies 0 retweets 1 like
    10. Brenton Poke‏ @BrentonPoke Feb 28
      Replying to @arthur_affect

      I don't think gridcoin ever had a built-in limit, though. Part of the reason weird libertarians like bitcoin is because of the fact that it will eventually reach a cap. Gridcoin could theoretically be granted as long as orgs put money in the project's "central bank".

      1 reply 0 retweets 1 like
      Arthur Chu‏Verified account @arthur_affect Feb 28
      Replying to @BrentonPoke

      Gridcoin gave power to a "Federal Reserve" based on which projects BOINC approved and which ones it didn't and yeah that was always going to be a problem Both for the grifters and for the wackjob ancaps It undermines their whole ideal of a trustless society

      11:29 PM - 28 Feb 2021
      • 1 Like
      • Brenton Poke
      1 reply 0 retweets 1 like
        1. New conversation
        2. Arthur Chu‏Verified account @arthur_affect Feb 28
          Replying to @arthur_affect @BrentonPoke

          Also it undermined the original concept of BOINC being a genuine attempt to use computing power altruistically It was a big problem that the most efficient way to mine Gridcoin was to mine whatever projects were "low-hanging fruit" and generated the most blocks

          1 reply 0 retweets 1 like
        3. Arthur Chu‏Verified account @arthur_affect Feb 28
          Replying to @arthur_affect @BrentonPoke

          Which was a mixture of factors based on how many people were already working on it and the mathematical properties of the data the project wanted The latter is totally orthogonal to how many people the project helps, and the former actually inversely correlated

          1 reply 0 retweets 1 like
        4. Show replies

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