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
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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 -
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 -
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 -
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,
0:59Jack Mallers @JackMallersI 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/oDA13npo3MShow this thread3 replies 1 retweet 0 likes -
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 -
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 -
Replying to @stephanlivera @BitcoinBiology and
I am, because it is, in fact, not cheaper
1 reply 1 retweet 17 likes -
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
3 replies 1 retweet 25 likes -
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
Uh huh And how long does it take to send $10 in BTC to someone standing right there in return for a pizza
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Replying to @arthur_affect @BitcoinBiology and
I mean, what time of day is it? Cuz in an hour that 10 could be $30 or $5. (Don't @ me, I seen it, all the cryptos just dipped hard last week)
0 replies 0 retweets 4 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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