Avatar
Joe Santamaria, MD
907a5a23635ea02be052c31f465b1982aefb756710ccc9f628aa31b70d2e262e
Dad, ophthalmologist, runner, climber, #Bitcoin

#docchain

Which one of you sickos is this?! 😂

Nice! Moved some over to my new MK4 as well. Also! #[2]​ found another doc for the telegram group (if you’re interested…there’s like 17 of us)!

Ah, so it’s a buy the dip day. Nice. Happy Monday #plebchain

#Bitcoin ⚡️⚡️⚡️

Daughter and I on the same wavelength, both reading about #Bitcoin, both noticing the camera at the same time 😂

Gn #nostr fam ⚡️💜 https://nostr.build/av/f8c2bbb2a39172ce52de83a3c04f21d876460c20f3dfb1d5d7f348b5cdf0f2ab.mov

Agreed. Exactly. That’s kinda what he talks about actually lol. A little more nuanced and so, not war in a conventional sense. But I don’t think most people read the thesis. I’ll admit it’s definitely dense.

Page 334/389 in #SoftWar. It’s ramping up, and the meat is definitely towards the end.

Still a bit to go and formulating my final thoughts on his #Bitcoin thesis.

You may disagree with his arguments but I can say…he’s no dummy and certainly understands PoW. An excerpt below, annihilating PoS, was particularly satisfying (sorry, it’s a long quote from a whole chapter).

Curious for others thoughts who have finished it, should be done by tonight.

“Ironicaly, proof-of-stake systems recreate the exact same type of systemically exploitable, trust-based, permission-based, and inegaltarian abstract power hierarchy that it was ostensibly created to replace. Instead of creating a decentralized system, a proof-of-stake system gives unimpeachable control authority over the system to an anonymous group of people who control the most “of an imaginary object called “stake," which is really just another name for rank (i.e. abstract power) and administrative privileges. Instead of creating a decentralized organization, proof-of-stake systems like Ethereum have created a system that masquerades as a decentralized system because those who control the majority supply of

"stake"can take advantage of disembodied nature of software to obfuscate how centralized and consolidated that "stake" is.

To repeat the same point using the concepts introduced in section 4.5, "stake" is nothing more than Inaginary power masquerading as real power (watts).

It's systemically endogenous to the software which instantiates it, making it highly vulnerable to systemic exploitation and abuse by the people who write the software. It’s physically

unconstrained and thermodynamically unsound, bounded, zero-sum, non-inclusive, inegalitarian, and non-attributable. This makes proof-of-stake protocols physically and systemically opposite from proofot. work protocols.”

There’s one near me but it’s selling Bitcoin for 34k 😂 hell of an arb