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ShakespeareanApe
176afe17ce924081caf156d48acf397a61502a9126938fb27d240d7e4f053496
Will argue for bananas

My latest piece on that GB News

@Jennifer_Arcuri interview, where I argue that Bitcoin now faces attack from both the establishment and the anti establishment.

"The Barbarians at the Bitcoin Gates are a Bigger Threat than Blackrock" https://link.medium.com/kiQWrpOlpJb

Final article on Drivechains "Yes I made love to alt coins, but I did for us and was thinking about Bitcoin the whole time".

I finally give my verdict on the proposed scaling solution by talking about French adultery and bad Woody Allen movies.

https://medium.com/@alexmoss_23426/bitcoin-what-the-hell-is-a-drivechain-will-it-ruin-my-stack-and-how-do-i-make-it-just-go-away-292c502ea8e4

Part 4 of my series of articles on drivechain and bitcoin scaling. Here things get poetic and apocalyptic. Can Drivechain solve the problem of human nature?

https://medium.com/@alexmoss_23426/bitcoin-what-the-hell-is-a-drivechain-will-it-ruin-my-stack-and-how-do-i-make-it-just-go-away-7f373d441273

Have been delving into the whole bitcoin #taprootwizards Ordinal/BRC-20/Stamps saga, and after much scholarly research can summarise their position as; Spam, SPam, SPAm, SPAM! Lovely SPAM!! WONDERFUL SPAM!!! SPAM! SPAM!! SPAM!!! SPAM!!!! SPAM SPA-A-A-A-A-AM SPAM SPA-A-A-A-A-AM SPAM! LOVELY SPAM! Lovely spam! LOVELY sPaM! Lovely SPAM! LOVELY SPAM! Spam SPAM SPAM SPAM!

Can't wait (literally) to see this #bitcoin play šŸ˜‹

#m=image%2Fjpeg&dim=992x1553&blurhash=%5E7EfTWG7MM%3Aumpo%7B01w%7CrxspxuO9%7EUI%3Ao%7BW-M%7Bw%7D9b%252RkaLtQSw%24%25M%7CxtWVaexaE3t7ofjtV%5DRk%251jun%24WBkBoyIpWUS4t7s%3AaMxZbIoJV%40bGf*&x=99c0e060a87ee4761f226f26f31c798d9d4db778c3035962935454e936c796a8

Part three of my drivechain article, where I still don't talk about drivechain but I do compare proof of work with the bench press.

Bitcoin: What the hell is a drivechain?! Will it ruin my stack? And how do I make it just go away? https://medium.com/@alexmoss_23426/bitcoin-what-the-hell-is-a-drivechain-will-it-ruin-my-stack-and-how-do-i-make-it-just-go-away-edb9edbc4991

Part 2 of my satirical Bitcoin drivechain series where I fail to explain what a drivechain is, but I hopefully set the context for why drivechain is by exploring the debate between liberal and conservatives and by making fun of everyone.

Bitcoin: What the hell is a drivechain?! Will it ruin my stack? And how do I make it just go away? https://medium.com/@alexmoss_23426/bitcoin-what-the-hell-is-a-drivechain-will-it-ruin-my-stack-and-how-do-i-make-it-just-go-away-0db1f96183f0

Part 1 of 4 of my #bitcoin essay where I make fun of everyone.

"What the hell is a Drivechain?! Will it ruin my stack? And how do I make it just go away?"

Come for the Drivechain talk, stay for the jokes about Vitalik https://medium.com/@alexmoss_23426/bitcoin-what-the-hell-is-a-drivechain-will-it-ruin-my-stack-and-how-do-i-make-it-just-go-away-05e7b0dbfa91

Latest article, a gonzo journalism peice about attending a #bitcoin event in London.

"Most nights, usually around 2 to 3 am, Max Kaiser wakes up in the dark, in a state of profound panic... terrified that one day, the financial system might not collapse"

Notes from the underground https://shakespeareanape.substack.com/p/notes-from-the-underground?utm_medium=web

"The Monarchy is both everything and nothing, our most famous institution, but has no real power. We are in awe with it, yet we think it is silly. It exists in a quantum state, both a wave of national mood and singular particle of unjustifiable decadence, depending on how we observe it. It is Schrodinger’s monarchy, both dead and alive.

The monarchy is dead, long live the monarchy!"

https://shakespeareanape.substack.com/p/have-you-heard-the-one-about-the

"For a man, his self-worth is largely determined by his resilience to attempted destruction. As a result, men will often seek out other men who can act as benevolent agents of nature’s severity." Latest on the Dominic Raab bullying saga.

https://shakespeareanape.substack.com/p/whos-afraid-of-the-big-bad-raab

"Unlike the revisions made to Dahl or Fleming, there is a special incredulity to the doctoring of Jeeves and Wooster. Like the spraying of a graffiti hammer and sickle on a garden gnome."

Latest article on Prejudice Against the Past

https://shakespeareanape.substack.com/p/the-present-mans-burden

Quick thread on the key importance of Proof-of-work, the most (wilfully) misunderstood aspect of Bitcoin. This came from me trying to explain the concept to my colleages.

People criticise Bitcoin for not being ā€œrealā€ and having no tangible, intrinsic value. This is understandable as digital things are not ā€œthingsā€ but information, symbols. And Bitcoin is digital.

However, people also criticise Bitcoin for using a lot of energy which they consider wasteful for what they perceive as an intangible piece of digital information. Sure, use energy for washing machines and Christmas lights, because these are real and can’t operate without energy. But why use the energy of a small country just to make numbers on a screen which you can do for free?

They don’t realise that this energy usage is the key element that makes Bitcoin more than digital information, and an actual tangible entity.

Let’s step back.

You have a bar of gold. You wants another one. However, you can’t just make new matter out of nothing. This would require an enormous amount of energy (fusing atoms together). A key attribute of physical objects is that their existence is tied to the laws of physics. Only God could make more with no energy.

Digital information however has no such constraints. You have 10 bars of digital gold. You can easily make many more without energy by adding another number next to it. Like 10^9 bars of gold. Now you have 10 billion bars of gold. This is why digital items are worthless.

However, we exist more and more in the digital word, it is becoming our place of business, leisure, social interaction, yet it has no laws of physics, we are all gods in this world, making it like a Mount Olympus Lord of the Flies situation.

This is a problem.

Up until now we have solved this problem by creating demigods, who control the local laws of physics for their realm. E.g. Amazon tells you how much your purchase is (you can’t change the number), or your online bank controls the numbers showing the $s in your account.

These are still only bits of digital information, but the demigods of the internet are the only ones who make new units, like a real god for gold bars. However, these demigods aren’t gods, they are people pretending to be. They are centralised, confined to their own universes, corruptible, and liable to make mistakes.

So how do we solve the problem of adding the laws of physics to digital information, so that the digital world has continuity with the real physical world? This is where energy comes in.

By tethering energy to the production and transfer of Bitcoin, it is imbuing it with real world properties that only an entity who is able to harness a greater amount of energy could override.

This makes digital information physically bound. A seminal innovation in science and technology.

Another criticism is that the proof-of-work algorithm uses energy for pointless, random number guessing puzzles, and not something useful like folding proteins. This also misunderstands the nature of proof-of-work. It is necessary that the energy usage is random, that is, there is no way to game or cheat the finding of the random number used to verify the blockchain.

If there was some logic that could solve the puzzle more easily, it would require less energy (or even almost none at all), thus undermining the tethering between the physical world and the digital information in question. It would be information not energy that verifies the information, which is what we have now.

But it also goes deeper.

What is randomness? Randomness is data that contains no information, no pattern. You can write out a random number, but it has no meaning or utility. It is a meaningless abstraction.

Random numbers calculated with real energy is thus a ā€œreal abstractionā€.

They contain elements of the physical world (energy usage) with that of the digital world (abstract symbols) and thus only they can bridge the physical and digital worlds, unlike "meaningful abstractions" which contain information and so can be derived with logic over energy which would break the tethering. Only randomn abstractions can maintain the tethering of energy to information.

Or napping in the bath (but wear a snorkel just in case)

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

I'm ambivalent about Elon. Except Tesla's are very good, and space ex does work, and PayPal "did" work. Yes there is a lot of BS there, but most good ideas fail. Even with a great idea you often have to a BSers and marketer to realise it. People said the same about Brunel and Edison.