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136 sats \ 5 replies \ @kepford 31 Jul
2017 is calling. It wants its scams back.
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1 sat \ 4 replies \ @028559d218 31 Jul
What makes Bitcoin valuable is... energy.
If a 'token' doesn't have energy behind it, or at a minimum represent something that inherently does...
Its value is?
Zero. Its value is zero.
Less crypto. More proof-of-work please
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0 sats \ 3 replies \ @kepford 31 Jul
I mean... that's not completely true. Value is subjective. Under that definition you can't explain why people pay money for many things.
But, bitcoin's connection to energy protects the network and does tether it to the physical world. The fact that miners use energy to secure the network and earn bitcoin provides part of its value. Ultimately though, you don't have to have energy but proof-of-work is vital to making bitcoin work without a central authority.
What I see in most of crypto is solutions looking for problems to solve. I fail to see how adding blockchains to the financial system without changing anything else increases its value. Its wild. I think most people that get what blockchains do actually think their utility is very limited. They do in my industry. That includes bitcoin. But most of these people have no clue how bitcoin works. Crypto is a poison and has set bitcoin back decades in adoption.
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2 sats \ 2 replies \ @028559d218 31 Jul
It's all smoke and mirrors dude.
Anything worth doing, worth creating, worth using in our society requires energy. Planes, trains, automobiles... they are all created and operate with energy.
Energy is the foundation of a civilization.
To me Energy is absolutely 100% vital to Bitcoin's appeal... and its what got me into Bitcoin to begin with. Gold requires energy to make, to refine, to mine... and that's ultimately why it's valuable and Bitcoin is 100% the same.
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0 sats \ 1 reply \ @kepford 31 Jul
I don't disagree, but value is still subject and many things have much higher value than the energy required to generate them. What you are describing about value is very similar to the Marxist labor theory of value.
For example, if I started a shitcoin and it required energy that doesn't mean it would be worth anything. It would have to have enough people that believe it had value. This is why so many shitcoins do command stupid prices. Over the long run.... they will fail but new ones will sprout up until society / culture learns. I think this could take a very long time.
There is also utility as a factor in value/prices. Something can have plenty of energy inputs but little utility. I mostly agree with you but there are more factors.
- Energy
- Utility
- Social (believe)
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0 sats \ 0 replies \ @028559d218 31 Jul
I wish bitcoin wasn't such a lonely place
I listen to this sometimes, it helps
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136 sats \ 2 replies \ @kepford 31 Jul
The "conservative" right really annoy me. Over and over again they will mock people that have principles on liberty, international relations, health, and the list could go on forever. Then an influencer they like starts repeating something like "No CBDCs" that they heard from an informed and intelligent person. These influencers strip the substance, reason, and logic behind the slogan. Then politicians get in on it and repeat the slogan. Then, the politician supposedly keeps their promise but their promise was empty. No substance. They could not tell you why it mattered. Turns out they actually not only don't keep their promise, they subvert the idea behind it.
I remember distinctly learning about the WEF in 2020. It was pretty wild. I told conservative family members about it, how they train up small time politicians in cities all over the world to bring about the vision of the elite class. How these people influence many politicians and community organizers that have never heard of the WEF. How there are other groups like this. That this is where much of the crazy stuff we see is coming from. They yawned. I don't waste my time with this stuff any more btw.
Then a few years later, 2023 or so these same people start telling me about the WEF. About many other things I told them about years before. But they don't get it. They only know a dumbed down version. A watered down version. One that doesn't get how influence works and spreads. They learned little more than the name of a group and that it is "bad".
This is a pattern that repeats over and over again. And its not just conservatives that fall into this pattern. The left is very similar. People when they are in groups are sheep. Don't be a sheep.
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0 sats \ 1 reply \ @optimism 1 Aug
What do you mean? That you're no longer bothering to check whether someone is promoting some central agenda, or trying to explain this to people?
I also don't bother anymore about the latter.
Amen.
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100 sats \ 0 replies \ @kepford 1 Aug
The later
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