#1063241 Natural Metals and Altmetals

how much monthly aws credits would it take to make it 51%?

that's about 10k double elcheapo ec2 instances running pruned from my 2 minute napkin math.

how do we know you don't have 1000 user names and post "bounties" all over the internet like this?

not a personal attack. actually posing the question.

imho there is no really good answers but the best answers start with web of trust (breadcrumb: wikipedia).

watch the movie dirty coin (Alana mediaville, I think it'S on amazon, anyway not hard to find)

fwiw this argument is winnable but it takes effort and preparation and if you are the odd guy in a crowd of people who dislike you for tribal reasons, it might be better to be be a wallflower and just listen and resist the urge to engage.

if you don't feel ready to debate the Bitcoin is bad crowd, you can just politely say "I don't think Bitcoin is climate negative or anyway uniquely climate negative any more than say washing machines or any other tech, but I'm not ready to defend that position with facts and arguments at the present time. I am still learning about it."

if you must argue, when you get "as much electricity as Argentina" try "how much is that in percent of that total?" (fwiw it's like 0.2% but the really point is neither you nor the other person probably actually knows)

🔥🇺🇸💪🏿

(proof of) work makes America strong

more context (from page 116):

Section 311 of the USA PATRIOT Act authorizes the Secretary of the Treasury to designate a foreign jurisdiction, financial institution, class of transactions, or type of account as a "primary money laundering concern" and require domestic financial institutions and agencies to implement one or more of five "special measures." These measures are safeguards to protect the U.S. financial system from money laundering and terrorist financing. The Secretary of the Treasury has delegated authority to administer the Bank Secrecy Act (BSA), including Section 311, to the Director of FinCEN. FinCEN can impose these special measures to address such threats.

Special measures one through four involve additional recordkeeping, information collection, and reporting requirements for covered U.S. financial institutions. The fifth special measure allows FinCEN to prohibit or impose conditions on opening or maintaining correspondent or payable-through accounts in the United States for the identified primary money laundering concern. These measures often require notice and comment rulemaking.

However, FinCEN faces limitations when applying Section 311 to digital assets, as the fifth special measure is restricted to correspondent or payable-through accounts, which are not directly applicable to the digital asset industry.

Congress has introduced newer authorities, similar to Section 311, under Section 2313a of the Fentanyl Sanctions Act and Section 9714 of the Combating Russian Money Laundering Act. These address primary money laundering concerns related to illicit opioid trafficking and Russian illicit finance, respectively. Unlike Section 311, these new authorities allow FinCEN to prohibit or impose conditions on certain "transmittals of funds," as defined by the Secretary of the Treasury, by any domestic financial institution or agency. By using "transmittals of funds" instead of "correspondent or payable-through accounts," these authorities can be applied to both traditional finance and digital assets.

#1061780 (re unseizable by gov) "I am not making an such taunt or assertion." (satoshi)

page 116

"Fincen to prohitbit ... transmittals of funds... not tied to a correspondent banking relationship"

For everyone who is sad that there was not a more decisive crypto announcemember by trump yesterday, see this and recall that a decisive announcement can also be decisively bad if premature.

Still working the bugs out I would say.

That being said, if banks will be handling bitcoin, the same restrictions on banks, that banks had before bitcoin, will surely apply after bitcoin. The same applies to gold.

If you want to circumvent these restrictions, you would have to use bitcoin (or gold) outside the banking system.