infinitesunrise
@infinitesunrise@slrpnk.net
- Comment on Kid gave a reasonable answer without all the math bullshit 2 days ago:
Interesting, I’m autistic and what frustrates me here is that the question specifically asks you to posit “How is it possible” and the teacher insists that you’re supposed to just say it’s not.
- Comment on Kid gave a reasonable answer without all the math bullshit 2 days ago:
How is that possible?
“False”
🤷♂️
- Comment on Kid gave a reasonable answer without all the math bullshit 2 days ago:
The question literally says “Marty ate more pizza”. It’s a foundational fact that you’re given as a part of the problem. If the answer was the say “Actually, no he didn’t” then you might as well answer “No, he actually at 1/6 of his pizza”.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
They issue “convertible notes”, which this coindesk article explains far better than I could because I am not a finance head and honestly do not fully understand them.
- Comment on You really have to reach back to remember how THIS worked in your car 3 days ago:
1995? We were still using these in like 2008.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
Alright, well in the spirit of you not thinking it’s a scam and merely listing why others may think it is, I guess I’ll respond to your compiled list.
the proof of work aspect encourages miners to keep adding more hash rate to the network so long as it is profitable to do so and not whether the network actually needs it. It takes crazy amounts of energy for simple transactions.
TL;DR I think this is a valid argument. But let’s break it down to really know what we’re saying. If you take the estimated global mining power of 175 TWh at an average 3,000 transactions per block, it works out to 1.1 MW/transaction. Which is a ton, easily arguable as far too much. The problem with this argument are IMO threefold:
- It ignores sidechains like lightning, a federated network that handles the majority of small bitcoin transactions. Anecdotally speaking, most purchases of goods and services that I’ve ever made in bitcoin (Mostly software and game passes, a few coffees) have been via lightning. Potentially billions of lightning TXs can tether behind a single on-chain transaction. I do not believe lightning processes this level of volume today, but as it’s an immeasurable federated network it casts heavy doubt all power estimates. I would not be surprised if the radio of side-chain to on-chain BTC transactions is already 100:1. Which is still too much but…
- …The power argument gives a free pass to even more expensive proof of works that already exist, which are normalized enough to us that we do not think of them as the proof of works that they are. What is the single largest consumer of energy on the planet but an energetic protection of the value of the USD? There is a reason that the US military is several times larger than the next 9 world militaries combined, and it is not territorial expansion or defense. I’m not naive enough to think that a deflationary currency can stop a nation state from committing military violence on a mass scale so long as it wants to, but every time I hear that “proof of work is a waste” I get frustrated at what I see as misdirection.
- Mining intensity plateaus over the long term due to several factors. Decreasing block rewards, regulatory catchup, and industry crowding put a cap on participation. The one and only force pushing back against these weights is increasing bitcoin value, which itself plateaus over time or at least S-curves off. When the price spikes, you are right that miners respond to the profit incentive by growing. But these spikes become less pronounced year over year, and with them the industry has already begun to level off. It’s growth is not exponential like some believe, and certainly not runaway.
Proof of stake algorithms (like Ether) is just a plot for the rich to get richer and favor early adopters who have more coins.
I agree with this. I feel that PoS breaks the holistic system that bitcoin’s whitepaper outlines. But Etherium is not Bitcoin, and I would not bother arguing for it’s sake.
It’s controlled by technology and not laws and can’t be fixed.
Just plain wrong. We have plenty of very strict laws that control software use. We can and should have laws surrounding bitcoin use, especially ones that pertain to steering the mining industry and taxation.
Someone stealing it is more likely to get away with it because it’s not like a company can just revert fraud.
Conditionally true. If the thief is in Russia or one of a handful of other nations that stand contrary to global financial regulation, then yes it would be relatively easy for them to get away with it. But outside of those jurisdictions it would be a matter of time before a motivated law enforcement agency tracked them down, as just about all on/off ramps are now regulated and value movement can be tracked along a chain of wallets - Including tumblers / mixers! - On the public ledger. Still conditional though, because the fund could be spent long before the thief is caught. This is one of the main reasons why I think multi-sig wallets are going to become the norm over the next decade.
it doesn’t hold value. Stocks do hold value because you own a portion of that company and if they don’t reinvest their profits you get dividends. Money does hold value because even in the absence of a gold standard we’ve been using it long enough that it’s so ingrained in everything and everyone agrees it has value. Money has value in that the massive amount of financial regulations surrounding it creates a more stable value. Not everyone agrees crypto has value. Crypto is hardly regulated. Crypto wildly fluctuates in price.
IMO this argument is completely vapid, and illustrative of my main gripe about the way that people criticize bitcoin. Bitcoin is money, all of the arguments made for “money” that you relay here can be made for bitcoin, and the fact that bitcoin is money is not a strength, it is the one single ACTUAL heavyweight criticism that can and should be leveled against bitcoin. But suddenly when it’s time to argue against bitcoin, all the leftists suddenly transform into liberals. Arguing against bitcoin from the position of defending money, rather than arguing against money, including bitcoin, on the basis that not only is bitcoin money but that it is accelerated, hyper-financialized, straight-into-your-veins money that intensifies all the typical immiseration of workers that capitalism already did! I can’t believe that people actual argue that “bitcoin isn’t money and that’s why it’s bad” instead of “bitcoin is the most money that ever did money and THAT is why it’s bad”!
it is often used in scams and makes it easier for scammers to be anonymous and lock down funds they steal.
Merh, I don’t find this argument compelling. I really don’t think that most scammers are anonymous or need to be. Most of the scams I see in the world are right out there in the open. The scammers are out there pushing their scams with their real faces. Crypto as a whole does attract scammers. But again, most of them have known names and addresses.
Anyway, since these aren’t necessarily all your arguments I’d be interested to see how your own opinions of them compare to mine. My fingers are sore, that was a lot of typing.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
Oh, I completely forgot about that. Speaking out my ass. Thanks.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
No, it’s your accusation. You tell me why you think it’s a scam and if I don’t feel like your arguments hold water, I’ll tell you why.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
People can all have different reasons for a thing and yet all still come to the wrong conclusion. Bitcoin just doesn’t meet the criteria for a scam. It’s one thing to not like or trust it for legitimate reasons. It’s another thing to denounce the thing you don’t like or trust with an invalid accusation.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
There are definitely elements of this administration that want to see their particular shitcoin approved. We’ll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
That is not what’s stopping people for paying for things in bitcoin. When you buy something in BTC you pay the equivalent to whatever you would have paid in the local fiat. And on the vendor side, merchant services often convert that paid BTC into fiat in the moment after the sale. What actually keeps people from paying for day to day goods and services in BTC is Gresham’s Law, the observation that nobody wants to pay for purchases with an appreciating asset, so long as there’s also a depreciating asset they could pay with instead.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
It’s not a scam. It’s also not immune from valid criticism, but people who call it a scam don’t understand it well enough to make those criticisms.
- Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure 3 days ago:
Their value-add is that they financialize their bitcoin holdings to grow their bitcoin-backed shares faster than the bitcoin itself. Higher risk than just holding bitcoin or ETFs that just hold bitcoin, but something like 30-40% better returns.
- Comment on I feel attacked 4 days ago:
I’m a middle-aged cyclist (though I got into it around 20) who eschews lycra. I hate the look, the fit, and the feel. I bike in vans slip-on, running shorts, and t-shirts. At most I’ll wear chamois under the shorts. No clips for me either, flats with the peg screws forever. 90% road cyclist btw, very little mountain biking. Oh and no fitness tracker / GPS as of a few years ago. I just need as little friction as possible between being not on the bike and being on the bike. For me it translates to more fun and many more miles.
- Comment on Plex now will SELL your personal data 1 week ago:
You can run plexserver as a service outside of docker. That’s how I ran it years ago, before I got comfortable with docker.
- Comment on Little miracles 1 week ago:
Probably Brooklyn Bowl. It’s a combo bowling alley / mid-sized music venue in Brooklyn NY that opened a second location in Vegas a while back, because Brooklyn-branded things are apparently a big attraction for foreign tourists in the US.
- Comment on We're deep into the baggy era mate 1 week ago:
Vans Slip-On Pros are basically the sharks of the shoe world: They hit optimal design a very long time ago, have barely changed since, and continue to remain one of the most effective species out there.
- Comment on We're deep into the baggy era mate 1 week ago:
The droopy crotch on most joggers is really annoying for me. I like a more loose fit around the thighs but not MC Hammer levels of loose.
- Comment on Valve CEO Gabe Newell’s Neuralink competitor is expecting its first brain chip this year 1 week ago:
Well then hell yea. Though sticking to my original prediction, that means you won’t be the demographic it gets marketed to or pushed upon.
- Comment on Valve CEO Gabe Newell’s Neuralink competitor is expecting its first brain chip this year 1 week ago:
No.
- Comment on Valve CEO Gabe Newell’s Neuralink competitor is expecting its first brain chip this year 1 week ago:
Productive or intelligent for whose benefit? If it’s so that you can perform better under wage labor conditions, that’s coercion.
- Comment on Valve CEO Gabe Newell’s Neuralink competitor is expecting its first brain chip this year 1 week ago:
Why would a brain implant allow me to live indefinitely?
- Comment on Valve CEO Gabe Newell’s Neuralink competitor is expecting its first brain chip this year 1 week ago:
The fact that most people would obviously never want to get a brain chip implant, combined with the fact that multiple billionaires are developing brain chip implants, indicates that there are plans in some circles to incentivize or coerce people into getting a brain chip implant at some point in the future.
- Comment on On trees... 1 week ago:
I was struggling to explain the plot of this one to my gf just the other day. Had to pull out screenshots of the TV movie to make it make sense.
- Comment on Black Mirror AI 1 week ago:
OK but why is there a vagina in a petri dish
- Comment on Bungie confirms it stole art once again, will undertake a 'thorough review' of Marathon assets 2 weeks ago:
And Oni!
- Comment on YouTube's new ad strategy is bound to upset users: YouTube Peak Points utilise Gemini to identify moments where users will be most engaged, so advertisers can place ads at the point. 2 weeks ago:
I’m a Newpipe man myself but Revanced is also fantastic.
- Comment on We gonna fight 2 weeks ago:
Centrists will blend quietly into the right the way that Homer backs his way into a hedge.
- Comment on YouTube's new ad strategy is bound to upset users: YouTube Peak Points utilise Gemini to identify moments where users will be most engaged, so advertisers can place ads at the point. 2 weeks ago:
Willing to bet uBlock Origin will make it so I never see a single one of these ads.
Firefox forever.