My ability to understand the basic concept of what money is for and identify why bitcoin is fucked when it comes to fulfilling that role? It's the definition of overengineering a solution so hard you forget what the problem was.
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Every new Bitcoin mined and every Bitcoin transaction *burns up stored physical energy* that is irretrievably lost and can never be used again as a result Second Law of Thermodynamics, Mr. Scientist -- all it does is rapidly increase the entropy of the system
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What percentage of Bitcoin mining is renewable energy? Find and industry that has a higher percentage. Speaking of entropy, have you found out how to safely and securely send $1M overseas? If you have, you may say these are problems of the rich. Until L2https://twitter.com/JackMallers/status/1346866335536582656 …
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"legal rights" - which legislation? Why would I need legal rights bestowed on me? This universe gave us unbreakable uncensorable asymmetric encryption. Across time and space, and fluctuating legislations. What is the underlying value of USD?
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https://www.law.cornell.edu/uscode/text/31/5103 … Come on Mr. Economist, this is basic shit
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A spring is a better energy storage device.
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I do think that a currency with a fixed value of energy would actually be the most concrete and solid kind of currency. But it is indeed not what Bitcoin is.
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