Muhuuh

Be curious. Writing about the effect of decentralisation on societies

[Muhuuh @muhuuh]

Thought provoking insights as to how decentralisation will reshape the societies we live in.

#Bitcoin

[Arani @aranimontes]

I wrote an essay to show an alternative societal system to the current westernised one, by deep diving into decentralization, Game Theory, macroeconomics, etc.
A system that is fairer, more democratic, more efficient, less fragile.

#Decentralised

https://t.co/gYjR6gEwta

[Muhuuh @muhuuh]

Impressive! 528 votes for $ACAP, which led @alphacap_io to win this #FaaS popularity contest.

This represents 56% of all holders, great community engagement!

[Muhuuh @muhuuh]

Bitcoin and crypto are different asset classes, not comparable.

Bitcoin has demonstrated its real world value, certain cryptos are in the process of doing it.

[Muhuuh @muhuuh]

@Jay_BlkMountain @HWB88552641 @Pelican26590324 @max_gagliardi A bitcoin transaction doesn't require 1.7 kWh of electricity. Bitcoin's power consumption is almost independent of the number of transactions. It will consume almost as much with 2 transactions as with 200k transactions within a certain period.

[Muhuuh @muhuuh]

@MarkusTurm Leider stimmt das. Wenn Deutschland als einziges Land in der EU spart,wird die Wirtschaft, relativ zu anderen Ländern, zurückfallen.

.. Weil die anderen Mist bauen, muss ich Mist bauen und weniger in der scheisse zu sein

[Muhuuh @muhuuh]

@gladstein The fear is not about the exact price "oh no 54k", but rather about "oh no, we are heading way lower with this current PA"

[Muhuuh @muhuuh]

@ConradJohnson @scott_lew_is Not sure where I said anything about the price in 100 years

[Muhuuh @muhuuh]

@ConradJohnson @scott_lew_is So why should it be impossible to even have $200 tx on bitcoin, which is then probably only composed of very large institutional transactions and lightning settlements.

This is a realistic assumption, should the vision of Bitcoin as global currency halfway come true

[Muhuuh @muhuuh]

@gyunikuchan88 @scott_lew_is Yes, minimum fees will be dictated by the free market (costs + profit of miners) and max fees by the demand of customer

... exactly as is the case in a free market

[Muhuuh @muhuuh]

@scott_lew_is This is btw exactly how free markets work

[Muhuuh @muhuuh]

@ConradJohnson @scott_lew_is It will be an profit maximisation equation what fees at least need to be, to make "good behaviour" worth it vs bad behaviour.

It is just the same game theory setup with new value settings.

[Muhuuh @muhuuh]

@testenanthate @scott_lew_is Uuhm yes exactly, never talked about colluding. Only the most efficient with the lowest costs will remain. This level can be substantially higher than now.

[Muhuuh @muhuuh]

@ODELL Our future society will be build on multiple paralell societies, each based on different values. And none of the paralell societies will be restricted by radom geographical borders as of now.

Decentralised paralell societies

[Muhuuh @muhuuh]

@DigiEconomist Using bitcoin is not only about transacting.

[Muhuuh @muhuuh]

@ErikVoorhees The MMT answer to "why tax if you print" is that taxing is meant to withdraw the excess printed money from specific part of the economy

[Muhuuh @muhuuh]

@Tiefseher 30 jährige haben in ihrem Leben noch nie erlebt wie es ist, nicht Geld zu verlieren wenn es auf der Bank ist

[Muhuuh @muhuuh]

@krugermacro Same dilemma many companies faced and failed: quality vs price. Trying to have somewhat quality with somehow low prices is a path to failure.

Ethereum might be in the same "sandwich" dilemma

[Muhuuh @muhuuh]

@ricburton Sometimes i feel like I should have done a bit more stuff for the money.

I lost many opportunities to retire and thus being able to do 100% things for the meaning