Can any of the Space Boi simps, who have bought the "bitcoin is a weapon" thesis, explain to me what happens when ASICs are designated as munitions?
What will happen to the decentralisation of Bitcoin when sanctions or restrictions are placed on their manufacturing, distribution and private ownership.
The fawning over this government agent is very concerning.
CODE IS SPEECH and covered under the 1st amendment. This attempts to reframe as a 2nd amendment issue has far reaching consequences.
I’ve tried a few times to listen to him and can’t make it more than a couple of minutes, too much word salad.
If it walks like a duck and quacks like a duck it isn’t a hand grenade.
Some people over think shit, he’s one of them.
Well the moment the IRS Portugal for example said bitcoin is property and it is exempt of taxes if held for a year then I can infer I need a node to protect and verify my property no?
Until the point where the global debt us not denominated in USD, we must accept they have alot of power. I don't like it eithier, but the circle jerk over government agents putting out propaganda must stop.
I haven't read the thesis, but it seems to me that it points out to government the need to control 51% of the hash rate. Government could fund manufacturing mining equipment like they fund military expenditure, with your tax money. This will make private mining unprofitable.
Fighting that battle here abd people are missing the point
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I’m no space boi. But….
While you do bring up a concerning point, if the government DID ban ASICS they would lose bitcoin to another nation that didn’t ban them. The game theory of it then will lead to the government investing to support the mining industry in some capacity.
Not ban. Restrictions and licensing to own, operate, manufacture or transport. All will lead to centralisation of the hash power. Only a few places make the hardware required and they can be pressured with sanctions. End of the day miners are doing math and if we allow them to frame it as weapons, a whole new attack vector is opened.
Ok, restrictions and licensing to own makes more sense, but the more restrictions in place the more it opens opportunity for another country who is less restrictive.
But as you say, if only a few people are allowed to manufacture the equipment in the first place that’s a problem for everyone. So I see the concern, what could be some practice things to focus on?
1. I think it’s a bit absurd to think of an asic as a weapon so I’m with you there. More education on this. Its no more a weapon than a toaster. A toaster converts electrical energy to heat, but it’s not banned. We need more examples like that, more education there.
2. Keep mining as decentralized as possible, from home miners to pools etc.
3. How to make the production of ASICS less centralized? Any macgivers out there?
I don’t see how any asic can be considered a weapon, and I don’t think his theory itself says that, but I admit I haven’t read it.
It does give us something to talk about to be prepared for. Any other thoughts on how to counteract?
Rejection of the framing of bitcoin as a 2nd amendment issue. This is their goal on this operation. DO NOT entertain anyone who spouts the narrative "bitcoin" is a weapon. Code is speech, nothing more!
Seems they have pulled thier asset from the field for now
He marching off twitter too 😂?? Funny that he would drop this thesis and then disappear 🤔
A quick search on the definition of weapon reveals - “a thing designed or used for inflicting bodily hard or physical damage.”
Solving math problems does not inflict bodily harm or do physical damage to anything.
Covered my thoughts here
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