Conversation

Fomo
@ShortTheFOMO
So let’s extrapolate a little, 10 years from now say BTC is used as the primary bridge between nations (aka ODL) how many nuclear plants (aka risk to society) exist solely for this? 20 years, 50 years? Your financial instrument is a risk to our existence!
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Jesse Powell
@jespow
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Since when is anything that uses electricity evil? Should we survey the ROI on every industry or just shut down the Internet and power plants, and roll civilization back to the stone age? Maybe energy is underpriced. That's not the consumer's problem. Crypto is net positive.
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Jesse Powell
@jespow
Let's say the Internet becomes the primary method of communication over shipping physical paper around the world. How many nuclear power plants worth of risk would that be worth to society? btw, modern nuclear power tech is extremely safe. It's replacing a more wasteful system.
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Fomo
@ShortTheFOMO
You know there is better tech out there you bought a bunch of them. Stating that possibly a core fundamental part of our future should come with proven risks, simply because "is the same risk" when it's fundamentally not. Try put through 1% of the worlds transactions at 6tps 🪄
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Jesse Powell
@jespow
Not everything needs to be on L1. There's different tech, which IMO is not completely vetted yet. I'm interested to see how PoS plays out. Bitcoin is still cheaper and better than the legacy financial system but I do worry about the physical threats on centralized mining.
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Fomo
@ShortTheFOMO
So you selling bitcoin, but then telling them they need a centralize system transact post mortem because hey it don't scale?
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Jesse Powell
@jespow
Replying to
@ShortTheFOMO
Bitcoin can still be super useful as a store of value, digital gold, universal base asset everything else is measured by. Would be great if it could also support the world's transactions at L1 but it might be asking too much of one network. We'll see how the tech develops.
4:43 AM · Mar 20, 2021Twitter Web App
Fomo
@ShortTheFOMO
Replying to
@jespow
I hope your right in the ‘tech develops’ department, the eth vs miner war a bit worry some atm. So spells same fate up the food chain. As well as the ‘development’ track record. I’m just happy the world has got past internet money 😋
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