everyone wants to explain to me how money backed by math is more sound than the federal reserve but no one seems to want to explain zero-knowledge proofs to me
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If you know this and this is your jam, cool, you do you??? i'll see you at burning man, bruh
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oh shit he's coming out of the bedroom again bye guys
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Math beanie babies is not my phrasing and this is the three tweet version of my explanation of bitcoinhttps://twitter.com/sarahjeong/status/953700463186124801 …
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The "math" behind bitcoin is "sound," it's also a solution to a radically misunderstood "problem" that has to do with human behavior rather than cryptography
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Human behavior, theories of money, theories of politics, theories of the state. If you really do understand WHAT the problem bitcoin is purporting to solve actually is, godspeed and good luck with the floating concrete island in international waters
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Also I had a lot of fun explaining metallism, modern monetary theory, and Christine Desan on this phone call, all of this is way more complex than just "THE MATH CHECKS OUT"
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You know what else checks out? PGP, which not even Phil Zimmermann will use
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the basic tech at the core of PGP is beautiful and elegant and I will always be a fan but also PGP is bad and every time I get an encrypted email I get a sinking feeling in my stomach
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I've never written any of this up because for a long time every who gave a shit about bitcoin understand the core tech and were invested in ignoring or actively disproving various theories of money and state and it all seemed a little uselesshttps://twitter.com/confusedcharlot/status/953707703926476806 …
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now that cryptocurrency is mainstream I live in a HELL of knowing what bitcoin actually is while the world loses its MIND all around me
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When you believe gold isn't a hard enough currency and worry South Africa might mint to many coins: Bitcoin.
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is fractional reserve banking the real criticism? seems out of place. buttcoiners talk about banks but ignore their role in liquidity
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So basically bitcoin is a “money” invented by someone who doesn’t understand what money is.
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Friend and I discussed it, and the best use we could come up for with blockchain is play by email games where money is on the line. Basically... Gambling.
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Which article(s) are these excerpts from? Makes for interesting reading.
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The poem’s “fed” pun is A+
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If that worries you I got terrible news on how many things you love in love came to be. We love these false narratives and revisions narratives that permeate "pop culture" but many of them are dead false.
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To me, I like cryptocurrencies because I follow politics and the amount of deregulation and new laws protecting the financial industry from doing crimes. I expecting a future recession in late 2018 or early 2019.
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Le chargement semble prendre du temps.
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