untakenusername
@untakenusername@sh.itjust.works
- Comment on Why is coal and fossil fuels still used? 18 hours ago:
You know how many ships are needed to transport the thousands of components in the vast supply chain of computer chips? its a lot
If shiping slows down, computer chips become more expensive. And the whole world relies on them for everything. That includes you.
i really doubt sail powered ships are as fast as oil powered ones
- Comment on Why is coal and fossil fuels still used? 19 hours ago:
planes need oil, as do ships.
- Comment on Selling BTC or not..? 19 hours ago:
I agree with some of what you’ve said but not all
Bitcoin has intrinsic value because its simply more practical for society to collectively hallucinate that it’s valuable, because it allows for more trade. And at the same time, its deflationary, causing that collectively hallucinated value to increase over time. The only case in which Bitcoin could ever fall to zero would be in a 51% attack if the attacker chose to double spend a ton of coins, hyperinflation the currency - but that would never happen, because it would be super expensive, and because its not in the attackers economic interest, so it makes sense to rule out that scenario. This is arguably less likely than nuclear war.
- Comment on Selling BTC or not..? 19 hours ago:
well not all of Lemmy is anticrypto, there’s a few communites and instances here that discourse that sorta thing
- Comment on Selling BTC or not..? 19 hours ago:
I’m sorta pissed at Satoshi for making Bitcoin so deflationary because it incentives people to hold onto their Bitcoin for as long as possible without using it as a currency. Anyway if you’re fine with holding this for a few decades it’ll almost currently go up, and if you wait a few centuries it would probably eclipse the value of any other assets you own.
- Comment on Selling BTC or not..? 19 hours ago:
I agree with some of what you’ve said but not all
Bitcoin has intrinsic value because its simply more practical for society to collectively hallucinate that it’s valuable, because it allows for more trade. And at the same time, its deflationary, causing that collectively hallucinated value to increase over time. The only case in which Bitcoin could ever fall to zero would be in a 51% attack if the attacker chose to double spend a ton of coins, hyperinflation the currency - but that would never happen, because it would be super expensive, and because its not in the attackers economic interest, so it makes sense to rule out that scenario. This is arguably less likely than nuclear war.
- Comment on Selling BTC or not..? 19 hours ago:
I agree with some of what you’ve said but not all
bitcoin has intrinsic value because its simply more practice for society to collectively hallucinate that its valuable, because it allows for more trade. and at the same time, its deflationary, causing that collectively hallucinated value to increase over time. The only case in which Bitcoin could ever fall to zero would be in a 51% attack if the attacker chose to double spend a ton of coins, hyperinflation the currency - but that would never happen, because it would be super expensive, and because its not in the attackers economic interest, so it makes sense to rule out that scenario. its arguably less likely then nuclear war
- Comment on [deleted] 21 hours ago:
Id like it if they created it and let saner people moderate it
- Comment on [deleted] 23 hours ago:
I blame the .ml mods and all the ultra far left commies they invited here
- Comment on Not gonna lie 1 day ago:
bro same
- Comment on guys what the heck theyre putting micro chips in the cheese and using blockchains to track the micro chips 2 days ago:
cheesecoin
- Comment on that's deep man 2 days ago:
this is profound
- Comment on guys what the heck theyre putting micro chips in the cheese and using blockchains to track the micro chips 2 days ago:
well it is unless the blockchain is forked without that transaction, which doesn’t happen often at all so its mostly true with like two exceptions ever
- Comment on guys what the heck theyre putting micro chips in the cheese and using blockchains to track the micro chips 2 days ago:
impossible to edit as security against fraud.
Well security against monetary fraud, like faking coins or double spending. Especially double spending, at the time when bitcoin started pretty much all the other mathematical problems were figured out except that one.
- Comment on guys what the heck theyre putting micro chips in the cheese and using blockchains to track the micro chips 2 days ago:
this honestly doesn’t sound too bad (as long as the chips aren’t toxic)
using blockchains to track the movement of goods, like from ports or for cheese, is probably their only non-BS use case other than volatile currencies
the reason a Blockchain would be preferable to a traditional database is bc its effectively impossible to change the records on it
- Comment on Thats fair 2 days ago:
but I still have more money than before
- Comment on Thats fair 3 days ago:
yeah but now I can buy 2x the anxiety meds because of all my money
- Comment on skynet would be better than these clowns 3 days ago:
if it’s designed right, it would be great. otherwise it would suck a ton
- Comment on Thats fair 3 days ago:
better brain
with that I can make more money and with that I can just buy new organs
- Comment on Does alcohol speed up evolution? 4 days ago:
I think radiation might be a better option that alcohol ngl bc alcohol messes with the developing brain
- Comment on History Channel 4 days ago:
they don’t wanna hear it, but both of them want authoritarianism
- Comment on What is your favorite super hero? 5 days ago:
probably iron man
but I wanted to mention…
a deflationary move that helps ordinary working class americans. that technically helps anyone holding USD (but not by much)
- Comment on Why does it seem like every other post on here is deleted shortly after being posted? 5 days ago:
why was the music thing deleted???
- Comment on [deleted] 6 days ago:
make some money to save for when you get some dreams and ambitions
- Comment on Anon blames millennials 1 week ago:
the local coffee shop isn’t a corporation
- Comment on When society completely transitions to cash-less, what happens when the power goes down? End of the world? 1 week ago:
solar power and batteries exist too you know
- Comment on A test on how online you are 1 week ago:
- Comment on Feds Threaten Wikipedia After Right-Wing Media Uproar 1 week ago:
that’s actually pretty cool, thanks!
- Comment on What is this for? (Wrong answers only) 1 week ago:
spoiler
skibidy
- Comment on Feds Threaten Wikipedia After Right-Wing Media Uproar 1 week ago:
I torrented the text of english wikipedia one time and deleted it a few weeks after to make space for my Monero node. What I meant by “decentralized Wikipedia” would be not only the files being stored in multiple locations but there also being some sort of system (including moderation I suppose) to broadcast edits across the network
