1/6
The beauty of Bitcoin PoW: It proved to humanity that if you are willing to burn $trillions in electricity you get $trillions in coins.
The ugliness of PoS systems, they are trying to prove the more money you have the more you print as long as you spend on PR to fool people.
@Pinboard When I suggested S.E.C.S.I. I was delayed by forbes blockchain folks who were getting paid for NOT letting me publish.
True Crypto MUST have security by design so people can enjoy efficiencies one millions of existing cost of (audit, compliance, etc.) https://t.co/4lzRoA4bkg
1/n
Bitcoin BTC dominance will go back to over 50% or drop below 5% but it won't be long in between.
It depends on, every hodler including you, choosing from losing 90% for life or invest 2%/year into true decentralizations that reduces the dependencies on third parties
Yo people! 14th Annual Conf. on Artificial General Intelligence (AGI-21) will be held over Oct 15-18 2021, as a combined virtual/F2F event, with the F2F portion in the San Francisco Bay Area. Conference website is https://t.co/2TaWuJTdzy -- watch site for more details soon!
Ledger based blockchains are like the intranet of value.
We authored the world's global network based blockchain called Toda/IP, it's like the internet of value.
.
#veryfew
@nntaleb@coinbase We are building crypto for everyone to use in the world to use, like it or not, this future is coming, resist it you will definitely lose, help make it a reality, you may win.. If and only if you help the right one by having a skin in the game.
@level09 Coolest! Maybe @ParisHilton will soon realize she could have built her own independent currency on Toda/IP and have gained 200,000X more money, fame & glory while adding value to the world that need no extraction of wealth which ETH imposes.
This article on private mints has relevance to the incentive models for bitcoin miners executing chain attacks.
A 51% attack is like a private mint debasing its coinage. There is strong incentive to do so only if you unrealistically ignore the repetitional risk to their coin.
Good one Fred! How do you envision certain exploitations of Bitcoin? Perhaps create extractive dependencies like exchanges & miners so it's no longer p2p, then turn it bankish / "easy to use" at the end thank the original creator :) lol! Expected.. If not intended then foolish af
Opinions vs Facts about NFTs: In short, just like DAOs, ICOs, Crypto in general can & will be amongst the best technological innovations to disrupt the status quo of the current corrupted financial system..However, be careful, the vast majority are corrupt themselves, more below
Social media needs a snooze button. Instead of blocking (which is an open act of aggression) and muting, just tune them out for a while and see later if they came back to their senses
General Theory of General Intelligence: A Pragmatic Patternist Perspective -- new review paper by moi -- https://t.co/Lyftf4cUxt -- only semi-technical -- starts w/ high level ontological and mathematical perspectives and ends up at the level of human cog sci and OpenCog Hyperon
@naval The true p2p protocol is not ledger based but network based. It eliminates all tokens between the person & the valuables. For example Toda/IP has no forced token, if you haven't heard of it yet is because it does not have a forced token so it does NOT enforce extraction layers.