Before you @ me with "actually decentralization": if you're a techno-libertarian, you should care about the decentralization of *power*. If BTC were to be adopted as a major currency (it won't) it would dramatically *centralize* power into the hands of a handful of rent seekers
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If you hate taxes/rents when you have to pay them, but you love them when you're the recipient, ask yourself whether your stance comes from idealistic conviction, or just plain greed
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Imagine a global Server automatically distributing a Car and a House to every of the 80mio new earth-borns per year.
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In Canada the penny coin was abolished in part because it cost more than a penny to make; free crypto may be not so ‘free’ in any sense (cents
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François, DM me if you'd like to chat - greater is coming.
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The most amusing element of the bitcoin craze is the idea 'governments can't do anything to it.' LOL! Even if, in a technical sense a blockchain is hard to completely eradicate since even a single machine running it would count, it can be rendered completely useless.
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The only good thing to come from BTC is block chain. Nearly everything else is hot air.
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thank god satoshi invented the database
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I did the calculation the other week and at the time one $20 transaction required 628 KWh. That's watt hours, btw. You could run an LED 100W lumen equiv bulb for almost 2 days straight for that amount of energy of one confirmation.
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100J/s power rate for an hour is 100Wh. So more like almost 9 months for the LED.
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