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0 sats \ 0 replies \ @LibreHans 44m \ parent \ on: Pleb Economist #7: Talking Bitcoin with academic economists econ
Yeah, all economists at least get an introduction to macro. Most believe the fiat nonsense they are taught. Which is not so shocking, they are young and lack experience and knowledge that would contradict it.
Macro economists spend their lives learning wrong things about the economy, that's why most of them are unable to accept bitcoin. It contradicts what they know, and they'd have to admit that they spent their lives doing wrong things.
Indeed, there is no fix, when core devs fuck up at the consensus level, there are only consensus level fixes, which they refuse to touch. If they refuse to take responsibility for their errors, they should never touch the consensus layer again. Like I said in my first comment.
It sounds like they are saying that whatever consensus touching bugs and hacks they introduce, they will never fix them, but turn them into official features instead. Ossification sounds better to me, and that's something I thought I'd never say a month ago.
Any "defense strategy" I've heard of is just central planning, which would be bitcoin's certain death. Sure bitcoin may fail, but we don't have to weaken it by micro managing miner revenue.
Unprofitable activities have a tendency to disappear.
You miss my point. They have profitable activities that depend on bitcoin working, so supporting the bitcoin network benefits them and is required for the profitable activities. The mining division can operate at a loss.
You're completely missing that miners don't have to make a profit, they can be attached to entities that make their money through other means. Those can be bitcoin service providers, bitcoin reserve companies, individuals, nation states, entities that mine to generate heat, etc.
"If you thinks bitcoin has no value, you have no need for it." and change topic. They'll pay the price they deserve.
They work in finance and it's 2025, I'm sorry, you almost sound like you're trolling, or like they are total idiots who don't know anything about their profession.
"untraceable digital currency".. oh well, that's your average journalist. I had an account on the silk road but never ordered anything. The tech was pretty cool, silk road did stuff like embed images base64 encoded into the html directly so it didn't load external images. Not sure if that was done for performance or security.
I go to bed when I'm tired and read a book and wake up when I wake up. My body gets as much sleep as it wants, I only use an alarm when I absolutely have to. Something between six and eight hours.
Lol, you don't understand that in a free market with sound money, dunbar's number is irrelevant for production?
This makes no sense. Most people eat garbage. We need more fresh, unprocessed, perishable food, hence more food in total as it can't be stored on shelves due to chemicals and processing.