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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. ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑‏ @BitcoinBiology Mar 1
      Replying to @Tom_Scribbler @arthur_affect and

      What is "the basic concept" of money? If bitcoin is so bad at it, why is it winning?

      2 replies 0 retweets 0 likes
    2. Frank BigTime‏ @FrankBigTime Mar 1
      Replying to @BitcoinBiology @Tom_Scribbler and

      Money is debt owed by society to individuals for the value their labour or goods create. Bitcoin is bad money because its value fluctuates too wildly. It is bad if yesterday my labour earned enough to pay a day’s bills, but today it earned enough to pay a week’s.

      1 reply 1 retweet 28 likes
    3. ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑‏ @BitcoinBiology Mar 1
      Replying to @FrankBigTime @Tom_Scribbler and

      "its value fluctuates too wildly" The Internet was volatile in its early years. A growing tree fluctuates. If you want stability, stick with dead trees and Encyclopedia Britannica.

      6 replies 0 retweets 0 likes
    4. Scribbles McGee‏ @Tom_Scribbler Mar 1
      Replying to @BitcoinBiology @FrankBigTime and

      Okay now address the other half.

      1 reply 1 retweet 15 likes
    5. ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑‏ @BitcoinBiology Mar 2
      Replying to @Tom_Scribbler @FrankBigTime and

      Look at all that productivity in Venezuelapic.twitter.com/xipCpO1BUu

      1 reply 0 retweets 1 like
    6. Scribbles McGee‏ @Tom_Scribbler Mar 2
      Replying to @BitcoinBiology @FrankBigTime and

      That does not address the point. The purpose of money is to represent the productive force in society. What do you think happens when you link that to 'true scarcity'?

      2 replies 1 retweet 20 likes
    7. ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑‏ @BitcoinBiology Mar 2
      Replying to @Tom_Scribbler @FrankBigTime and

      Austrian vs Keynesian debates are not my thing. Good question to ask @saifedean or @stephanliverahttps://mises.org/library/deflation-and-liberty-1 …

      2 replies 0 retweets 0 likes
    8. ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑‏ @BitcoinBiology Mar 2
      Replying to @BitcoinBiology @Tom_Scribbler and

      To be honest I don't care about either definition of money based on norms and definitions of society. I'm a scientist, and the universal currency of this universe is energy. Bitcoin is backed by pure energy stored in unbreakable asymmetric encryption. laws of nature

      8 replies 1 retweet 3 likes
    9. Arthur Chu‏Verified account @arthur_affect Mar 2
      Replying to @BitcoinBiology @Tom_Scribbler and

      This is false Bitcoin is not "backed by energy" in the sense that other currencies are backed by gold You cannot take your Bitcoin and trade it back for energy -- a BTC does not entitle you to the megawatt-hours of the ton of coal it took to mine it It entitles you to nothing

      3 replies 9 retweets 93 likes
    10. Arthur Chu‏Verified account @arthur_affect Mar 2
      Replying to @arthur_affect @BitcoinBiology and

      This is why Bitcoin is pernicious, it's a meaningless token with *no underlying value* and *no legal rights or guarantees bestowed on the holder* And it does not *store* energy or *contain* energy the way ridiculous statements like this imply it does It simply *uses* energy

      4 replies 9 retweets 86 likes
      Arthur Chu‏Verified account @arthur_affect Mar 2
      Replying to @arthur_affect @BitcoinBiology and

      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

      12:44 AM - 2 Mar 2021
      • 3 Retweets
      • 31 Likes
      • tapeworthy Adam Golinski Scribbles McGee lsdantifa ⬆️⬆️⬇️⬇️⬅️➡️⬅️➡️🅰️©️🅰️🅱️ Lynne Up North Says Masks And Vaccines Save Lives Cheese Borb Halcyon, Official Space Professional 🦄 Allegedly Suspended Joel
      1 reply 3 retweets 31 likes
        1. New conversation
        2. ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑‏ @BitcoinBiology Mar 2
          Replying to @arthur_affect @Tom_Scribbler and

          ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑 Retweeted Jack Mallers

          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 …

          ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑 added,

          0:59
          Jack Mallers @JackMallers
          I just published Announcing Strike Global. Today, the world changes; the fundamentals of value exchange between our species enters a new epoch. Send money anywhere, at any time, in seconds, and at no cost 🔥🚀🌚 http://global.strike.me  https://link.medium.com/sjGTCBNyPcb  pic.twitter.com/oDA13npo3M
          Show this thread
          3 replies 1 retweet 0 likes
        3. Arthur Chu‏Verified account @arthur_affect Mar 2
          Replying to @BitcoinBiology @Tom_Scribbler and

          Right, nobody could safely and securely send money overseas before Bitcoin, international transactions of any kind were a terrifying gamble until 2017 or so Dear God listen to yourself

          3 replies 1 retweet 31 likes
        4. Show replies

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