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'?
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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 -
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 -
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 doesn't matter what percentage of Bitcoin mining is renewable energy, because Bitcoin isn't an "industry", Bitcoin is taking all that energy and completely wasting it
1 reply 6 retweets 32 likes -
Replying to @arthur_affect @Tom_Scribbler and
And that's why it is so popular ? Because its wasting energy? The Internet is wasting energy, especially on your tweets.
3 replies 0 retweets 0 likes
Because it's a Ponzi scheme
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Replying to @arthur_affect @BitcoinBiology and
The internet is wasting energy, especially on your tweets BUT NOT MINE, nyaaaa
1 reply 0 retweets 2 likes -
Replying to @HenryWHall @arthur_affect and
This dude is a minute away from "I'm rubber you're glue"-ing you
0 replies 0 retweets 5 likes
End of conversation
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