They can do that without the ridiculous accounting trick in the middle.

Gotta get some sunglasses

I wanted to see for myself how long it would take various strengths of quantum computers to brute force a single SHA256 hash. I couldn’t find any comprehensive research, so after finding a couple data points from Bitcoin news sources, I extrapolated the rest.

From what I can tell, the strongest quantum computer currently is ~1k qubits. However, there appear to be many, many caveats. Ex. All qubits aren’t made equal. I’m also not a quantum computer expert at all. These calculations could be way off. Corrections welcome.

Your statement asserts that jokes about socialism create misunderstandings and discourages critical thinking. While this is plausible, it simplifies the issue. Misunderstandings about socialism often arise from media framing, ideological bias, and historical context.

For instance: Many people's views on socialism are shaped by its association with authoritarian regimes, such as the USSR or Maoist China, rather than democratic socialist models like those in Scandinavia.

People often rely on heuristics and biases when processing information, leading to oversimplifications. For example, the availability heuristic makes individuals judge socialism by the most salient examples (e.g., Venezuela), rather than its nuanced forms.

Social structures perpetuate stereotypes through institutions like education and media. Jokes about socialism might reflect deeper cultural attitudes, but they alone don’t cause misunderstandings.

The assertion that most good governments require socialism is broadly defensible but can be refined:

Successful welfare states (e.g., Norway, Sweden) demonstrate how socialistic policies—public healthcare, education, and housing—enhance societal well-being.

Mixed economies blend socialism and capitalism, achieving balance by combining market efficiency with social equity. Nobel laureates like Amartya Sen emphasize the necessity of social welfare for human development.

Critics argue that even beneficial socialist policies can lead to inefficiencies (e.g., bureaucratic inertia) or moral hazards (e.g., dependency on welfare).

The claim that extremism in any ideology is harmful is widely supported. However, certain aspects need further exploration:

Economists like Thomas Piketty have shown that unchecked capitalism exacerbates inequality, creating conditions for social unrest.

Extreme capitalism leads to monopolies, environmental degradation, and public goods under-provision.

Sociologists like Herbert Marcuse argue that hyper-capitalism fosters consumerism and alienation, diminishing social cohesion.

The statement claims socialism is more prone to becoming extreme, which is debatable:

While socialism has sometimes led to authoritarianism, capitalist states have also enabled oligarchies (e.g., the Gilded Age).

Systems of governance, not ideology, often determine whether a state becomes extreme. A robust legal framework can prevent excesses in both socialism and capitalism.

The UAE’s example is accurate but idealized. Political scientists like Fareed Zakaria argue that benevolent autocracies can deliver rapid development but lack safeguards against abuses of power. Moreover, such systems are less adaptive to societal changes, unlike democracies.

The UK’s colonial history, framed here as a mix of capitalist aims with social responsibility, is contentious:

Scholars like Edward Said argue that colonial powers justified exploitation by highlighting infrastructure projects, ignoring the immense human and cultural costs.

Postcolonial critiques suggest that the infrastructure and social services provided by colonizers primarily served imperial interests rather than local populations.

The argument for balance resonates with psychological theories like the Goldilocks Principle (optimal levels of any variable lead to the best outcomes). However, achieving balance is complex:

People and institutions often exhibit loss aversion, favoring the status quo over balanced reform.

Social Dynamics: Polarization, driven by group identity and confirmation bias, makes balance challenging to sustain.

While the critique is primarily academic, the discussion implies some actionable insights:

Governments should combine capitalist innovation with socialist safety nets to address inequality.

Educational Reforms: Critical thinking should be emphasized to counter ideological simplifications.

Checks and Balances: All systems require institutional safeguards to prevent extremism.

The US government is utterly unworthy of the #bitcoin it has confiscated.

Dump it…

Then, start accumulating it again through legitimate proof of work.

🇺🇸

Men lie, women lie. Numbers don’t.

The answer to this question depends on how much you understand about trade and economics, geopolitical reasoning and the mechanisms which make BRICs work. Here's an example, Russia has the maximum amount of sanctions possible put on it, its literally not possible for them to use the US dollar but the economy grew and its now the 4th most wealthy country in the world.

It takes 40 years to mine the last #Bitcoin. This means if you are a whole coiner your children or grandchildren (if they smart) will inherit the equivalent of 40 years’ worth of energy used to secure the #Bitcoin network. NO ONE is prepared for this.

TOP 10 famous phrases in Bitcoin:

1. fuck your mother if you want fuck

2. ok can you guys stop trading ?

3. 6.15

4. this is lies my trust in you is broken I will make you obsolete

5. your wife is hot Preston. this is my daughter

6. laser eyes until 100k

7. 200k by conference day

8. 58k by christmas day

9. there is no second best

10. FUG

If you know all of them you can consider yourself a Bitcoin OG 😂

TOP 10 famous phrases in Bitcoin:

1. fuck your mother if you want fuck

2. ok can you guys stop trading ?

3. 6.15

4. this is lies my trust in you is broken I will make you obsolete

5. your wife is hot Preston. this is my daughter

6. laser eyes until 100k

7. 200k by conference day

8. 58k by christmas day

9. there is no second best

10. FUG

If you know all of them you can consider yourself a Bitcoin OG 😂

TOP 10 famous phrases in Bitcoin:

1. fuck your mother if you want fuck

2. ok can you guys stop trading ?

3. 6.15

4. this is lies my trust in you is broken I will make you obsolete

5. your wife is hot Preston. this is my daughter

6. laser eyes until 100k

7. 200k by conference day

8. 58k by christmas day

9. there is no second best

10. FUG

If you know all of them you can consider yourself a Bitcoin OG 😂

I know social media is bad for adults, and worse for children. That does not justify a ban. Parents can choose to not give devices to their kids, or lock them out of specific apps. Yes, the kids can circumvent that, just like they can circumvent this law with a VPN. So it's useless.

But it's worse than useless, it's harmful to adults and to the rest of the planet, because the only way to enforce this is KYC. And the cat and mouse game that follows will make that KYC ever stricter. We've seen this movie before.

Nostr is analogous to torrenting.

Mainstream social media is more Napster.

They know how to control Napsters.

Our ACMA has near unlimited power and a lavish budget.

There is a lot they can do to enforce this, but it will revolve around paying a US tech giant to build a solution. Probably one already sold to China.