@milessuter Ofac only Bitcoin would be a lower work fork and rejected by nodes - that simple. Miners would be hashing for a shit fork and for economic reasons would migrate just like they did out of China.
@Kurz_Gesagt Bitcoin cannot contribute anything, it is not an entity. "How is Bitcoin being used in the world right now?" is a better way to frame the question, but less provocative. If the answer is: as money, then the question to your following question is: "Is securing money worth energy?"
New federal debt since 2020: $354B.
Share of it bought by central bank: $302B — or 84%.
Face it: this government has embraced the crackpot “Modern” Monetary Theory of paying bills with printed cash.
A modern idea that’s thousands of years old.
1/ Bitcoin critics continue to assert that mining is wasteful and disproportionately damaging to the environment.
Contrary to consensus thinking, we believe the impact of bitcoin mining is a net positive for the environment.
Here's why:
@balajis Or any type of "tokenized" asset. The oracle problem cannot be overcome unless the local monopoly on violence agrees to be the trusted third party.
@balajis@balajis for a security to be worth the (in this case proverbial) paper it is printed on, would it not have to be legally binding? How would any "crypto" based security be legally binding at this point in time? Is new regulation not a prerequisite?
BREAKING: Steven Mnuchin is now flat-out REFUSING to disclose the businesses receiving $500,000,000,000 in bailout funds, claiming the info is "confidential"
4.5 MILLION businesses received government funds. Zero transparency.
Unconscionable, jaw-dropping corruption.
#VictimlessCrime - A Thread
Victimless Crimes are defined as a “crime” that harms no one. An offense that has not harmed (or tried to harm), stolen, or violated the rights of another person.