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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. 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
    2. ₿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
    3. ₿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
    4. 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
    5. 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
    6. 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

      1 reply 3 retweets 31 likes
    7. ₿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
    8. 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
    9. Stephan Livera‏ @stephanlivera Mar 2
      Replying to @arthur_affect @BitcoinBiology and

      It's more about being able to send money w/o using a custodian or third party. The cost to transport gold is far far higher. Fiat can be clawed back or amended centrally. Missing the point of how and why bitcoin is cheaper.

      1 reply 0 retweets 2 likes
    10. Arthur Chu‏Verified account @arthur_affect Mar 2
      Replying to @stephanlivera @BitcoinBiology and

      I am, because it is, in fact, not cheaper

      1 reply 1 retweet 17 likes
      Arthur Chu‏Verified account @arthur_affect Mar 2
      Replying to @arthur_affect @stephanlivera and

      Very few people in a position to send or receive $1 million share your hilarious paranoia about the government seizing it from you, and the ones for whom that paranoia is justified and Bitcoin has a genuine use case are not people who have my sympathy

      1:10 AM - 2 Mar 2021
      • 1 Retweet
      • 25 Likes
      • Bingo Bango Rev. Malachi Corbeau, KSC, SbG, Furry Pope clara ✶🏫 Hoydenne Amélia Hannah 🐰 Garulon a catherine scorned Susieus Maximus
      3 replies 1 retweet 25 likes
        1. New conversation
        2. ₿itcoin ₿iohazard, protocol supremacist  🧬 🔬 ☣️ 🐝 🔑‏ @BitcoinBiology Mar 2
          Replying to @arthur_affect @stephanlivera and

          Ok, so how about me sending $50k to my sister overseas. It took 14 days to complete the transaction, having my account frozen and numerous phone calls with different banking institutions. And we both live in democratic western countries. Not even mentioning the horrendous fees...

          2 replies 0 retweets 0 likes
        3. Arthur Chu‏Verified account @arthur_affect Mar 2
          Replying to @BitcoinBiology @stephanlivera and

          Uh huh And how long does it take to send $10 in BTC to someone standing right there in return for a pizza

          1 reply 1 retweet 15 likes
        4. Show replies
        1. New conversation
        2. Arthur Chu‏Verified account @arthur_affect Mar 2
          Replying to @arthur_affect @stephanlivera and

          For people who are *not* transferring large amounts of cash directly linked to criminal activities, the risk of direct governmental action against you is not nearly high enough to justify the quite *enormous* transaction fees associated with transferring Bitcoin

          2 replies 1 retweet 17 likes
        3. Arthur Chu‏Verified account @arthur_affect Mar 2
          Replying to @arthur_affect @stephanlivera and

          Which are a Randian nightmare the way everything else about Bitcoin is I cannot emphasize how hilariously dystopian it is that rather than a fixed transaction fee you negotiate with a *gasp* centralized middleman institution, Bitcoin fees are a fucking *auction*

          1 reply 2 retweets 14 likes
        4. Show replies
        1. New conversation
        2. Stephan Livera‏ @stephanlivera Mar 2
          Replying to @arthur_affect @BitcoinBiology and

          Billions of people on earth live under authoritarian regimes, and even those of us who don't, are subject to inflation. You may not sympathise with those people, but clearly it's growing in use over the last 12 yrs. So whether you like it or not, you'll have to deal with it.

          1 reply 1 retweet 2 likes
        3. Arthur Chu‏Verified account @arthur_affect Mar 2
          Replying to @stephanlivera @BitcoinBiology and

          Nah BTC is only specifically useful for routing around the barrier of lacking access to a banking institution The volatility makes it a completely insane solution for actually *storing* money in it, especially for someone with little cash cushion

          1 reply 2 retweets 12 likes
        4. Show replies

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