Excuse me what the fuck

  • AstroCure [none/use name]
    ·
    4 years ago

    I am a liberation psychologist who fell into the Bitcoin rabbit hole, and found a path for self-liberation! I see Bitcoin as a revolutionary technology that brings out changes in our society through facilitating the evolution of each person’s consciousness. To me, at its core, this open source protocol is a consciousness hacking tool that can be used by ordinary people to claim their own individual sovereignty. I am passionate about sharing my knowledge and helping people empower themselves with this technology. http://nozomihayase.com/

    This person is an idiot.

  • Multihedra [he/him]
    ·
    4 years ago

    Yeah this is level 7 cringe.

    Unlike the US dollar that infinitely expands through the money printing press, Bitcoin with its fixed monetary supply of 21 M has a built-in scarcity being tied to real resources. In the article “Bitcoin and thermodynamics”, author Kunt Svanholm described Bitcoin as a battery, one that was the best ever invented. He noted how Bitcoin “offers a way of converting energy into a small part of a specific number”. He describes it like a kind of “mathematical battery” and how it converts electricity into digital scarcity”, which “then can be programmed to express value”.

    I had to look it up the other day, since I know a bit of math and always heard this kind of “solving math problems bro!” language around Bitcoin mining.

    It’s fucking dumb. Literally all Bitcoin mining does is guess-and-check a staggering number of different fudge factors until the encryption of the transaction ledger has a certain format.

    Its fucking stupid. It’s a fine thing to do if you accept the premise that Bitcoin existing is good, but the “mathematics” it does is truly just asking “is this your card?” trillions of times.

    Also this is one of the subheads lol

    The world’s truly free market

  • Glass [he/him,they/them]
    ·
    4 years ago

    (As) global leaders jump in to fix the problems-

    Lol stopped reading right there

  • keter_propotkin2 [none/use name]
    ·
    edit-2
    4 years ago

    fucking stupid. quantum computers are about 10 years out. bitcoin will be worthless. they're gonna get mined so stupid fast