PringasDingas

[PringasDingas @PDingas]

@cera_fl @Bernstein @daveweigel It's the year of Clavicular. Don't fight it.

[PringasDingas @PDingas]

@Buckie5886 @CryptoJiven @OwenBenjamin Yet the Bitcoin protocol would still be running. The price of the token is tied to the electricity cost of running the protocol. The protocol doesn't care about the token price, the market determines that. Game theory suggests the protocol would continue to be run in perpetuity.

[PringasDingas @PDingas]

@oldfriend99 We found the plot 🥀

[PringasDingas @PDingas]

@pricempire Cleveland Steambox 😭

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@zerohedge Whoever passes more electricity through transistors wins. Surely the US has a lot of spare electricity to do that hahahaha.

[PringasDingas @PDingas]

@gabefollower The Cleveland Steambox™ 🥀🥀

[PringasDingas @PDingas]

@unusual_whales Triple that if you want to know the real number.

[PringasDingas @PDingas]

@SpeculatorArt Wow Millennials and Gen Zs best chance was to spin the tech growth everything bubble slot machine in their academics, career, and wealth building! What a great sustainable and equal opportunity for them.

[PringasDingas @PDingas]

@klaud_schwab @zerohedge It's designed to get knowledge to the public through the path of least resistance. The path of least resistance ended up being a game of prediction. Normies are always be on the losing side of this, it's just more explicit now.

[PringasDingas @PDingas]

@rajuvamsi007 @p_ferragu

[Elon Musk @elonmusk]

@zerohedge True.

That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.

[PringasDingas @PDingas]

@kysnger @John33035159 @zerohedge You are right and owning Bitcoin is a bet. In the exact same frame as owning a car, phone, or other complex everyday necessity needed to function/win in the current world. 500 years ago those would be unnecessary. 500 years from now they probably will be as well.

[PringasDingas @PDingas]

@John33035159 @kysnger @zerohedge That's not an uncommon conclusion, and the same conclusion can be extended to everything. At a fundamental level we value something more if it is more complex to create, and a large factor in complex creation is energy itself. It's not the whole factor in valuation, but is large.

[PringasDingas @PDingas]

@IncomeSharks @ThHappyHawaiian Sounds ridiculous does it not? How sustainable is that in the long term? Producing no real value. Nothing but competing on trading a combination of time theft and the nth derivative of fake money. I have infinite opportunities to win spinning the slot machines at the casino too.

[PringasDingas @PDingas]

@John33035159 @zerohedge According to the cost of electricity to mine one yourself.

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@chasedownleads Little known fact that billionaires get secret dollar denominations printed for each dollar from 1 to 172. Lucky he has the big one on him.

[PringasDingas @PDingas]

@DeItaone Fiduciary irresponsibility

[PringasDingas @PDingas]

@0fcounsel @Matt_Hougan They aren't comparable because there is a physical aspect of Bitcoin, energy expenditure, while the same is not true for the proof of stake coins except the extremely small energy expenditure of powering a computer as a staking node.

[PringasDingas @PDingas]

@qthomp Good thing SoftBank doesn't own the network, just the proof that comes off the mining in the network itself. Bad comparison.