A #bitcoin miner profit by selling some #btc to buy energy/stuff to make more #btc then what they sold. If they make less there is no point mining and no more Bitcoin blocks will be produced. If they make more the logical conclusion is a miner in the ends own all #btc#Halloween
@TuurDemeester (don’t believe me? if u got debt and bank send police to collect, u will sell btc to get dollar to pay back to avoid prison… no-one will buy btc because they don’t have dollar either, so they cant even if they wanted to)
@TuurDemeester 3/3: logical conclusion: btc will stop going up in USD price, if people stop _borrowing USD_ (not stop borrowing btc) because the system will unwind and basically only USD cash paper money will be left. No single fiat money have _ever_ died in such a way. risk ~= 0%.
@JasonPLowery@clevernym when everyone in the world use btc for 100% of all transactions, but i decide to spin up a new blockchain and pay you in tentacle-coin and u accept it… will bitcoin put us in prison for not paying the tx fee?
@JasonPLowery@JasonPLowery if USA needs to do mining even though its decentralized globally, a citizen of USA would need to do it also. Ie decentralization is both a state and a vector ie either it centralize over time or not. I hope not, so how to ensure gov doesn’t centralize? (i know how)
@JasonPLowery@JasonPLowery gov will do mining with certainty. The important question is probably how to make sure its decentralized mining within the country. Will gov outcompete retail?
@adam3us@mikeinspace Also to be strictly logical Proof-of-Not-Satoshi requires close to all energy in the universe or something like it, hence failed Proof-of-Satoshi is your only real option here.
@adam3us@mikeinspace Proof-of-Satoshi requires a lot of work. Proof-of-Not-Satoshi requires less work. However @adam3us conserve energy by ONE tweet claiming u r Satoshi, and out-source the work to orange blood-cells. #noFreeLunch (reputational cost)
@stephanlivera@kurtruslfanclub@jeffreytucker they will switch 2 “it helped slow spread in time 2 vax”. which is a dangerous argument. also now everyone knows how to DDOS a country: change a few genes on a virus and gov will shut the country down for you: #howToHackAWholeCountry
My largest number to date by far. I helped give over 30 people access to the internet for Christmas, even though outside powers didn't want them to have it.
Ho ho gfy internet censors
@stephanlivera@kurtruslfanclub@jeffreytucker yes this! i also find that when confronting pro-lockdowners with the actual cost (both economic + human suffering) of lockdowns, they 95% stop arguing. its may be obvious to some, but a lot of people doesnt seem to have understood there is a cost.