Youāre being a cheap ass when the world is perfectly ok with this
https://gamerant.com/pc-games-file-size-hd-space-biggest-huge/
Not comparable. You can delete the game when youāre done with it. And in the end, nobody will need 20TB of games. If we make blocks much larger, full nodes will need 20TB of undeletable data
https://www.coinwarz.com/mining/bitcoin/calculator
Make sure to use the advanced part. But I havenāt hashed a single block template in my life so other people will likely be able to answer much better.
Cryptopia film, a partial review; I only watched the Bitcoin part. https://cryptopiafilm.com/
I rate the film š¬ š excepting their giving Roger Ver plenty of screen time to demonstrate himself to be the complete idiot he is.
One point deeply confused me. When they show the stacks of offline servers in an underground vault as āBitcoin cold storageā are they being serious? š§
Thatās hilariousā¦ how did nobody in the film making process not understand how wrong that was
Actually, this is a computer simulation
I donāt mean the meme, I mean the reason it rings true
Is this discriminatory? Should we fight it? nostr:note1ef30j6m63rgu59hastqjx30a2kvyv9n7y4ccqy5nxzu7feqah9lqhauruf
Welcome to the Miner Wars.
https://bitcoinmagazine.com/legal/texas-bitcoin-mining-operation-shutdown-by-hosts-armed-security
And who says private armies canāt be raised
Yeah this is the question isnāt it. Not 3000 years of course but, what is the limit.
The US is similar to Israel in this regard, just different dates. Older datesā¦ if that matters
Google just launched a new AI, and has already admitted at least one demo wasnāt real
https://www.theverge.com/2023/12/7/23992737/google-gemini-misrepresentation-ai-accusation
Dang. That was part of what was flooring me. Waaiiiii
What are the recommendations for when people actually do lack the capability to come up with a higher certainty answer?
Maybe thatās 99% of humanity for a given question, maybe itās 30%. Iād argue itās not less than 20% for many questions of interest though. And Iād also argue that people vastly overestimate their capability to do this even usually when accounting for this rule.
What then?
Historically, the main use-case for "crypto" has been speculation (and capitalizing on this speculation), which is not necessarily in the "scam" category I'd argue. There's overlap, sure, but straight up rugpulls, running away with everyone's money, or not having any tokens in the first place (Worldcoin) is categorically different imho.
There's also (still!) a lot of misunderstanding of the "bananas on the blockchain" kind, which isn't necessarily scam-motivated, it just doesn't work and a lot of people that try to do it don't understand the fundamentals as to why it can never work. [0]
In regards to R&D: why does your R&D project need its own token, i.e. why do you need to re-create money from scratch to do interesting cryptography? (Spoiler alert: you don't.) The beautiful thing about bitcoin is that it monetized naturally [1], and you can use sats for your R&D (like Liquid does, for example).
In regards to Stablecoins: stablecoins are part of the "bananas on the blockchain" problem, and "stable"coin is also a misnomer. Stablecoins shouldn't be called stablecoins, but fiat-coins (which is a shorthand for purchasing-power-go-down-coins). Many "crypto" people don't know or don't care, because they operate on time-horizons of weeks, not decades.
Most non-speculative value outside of Bitcoin derives from regulatory arbitrage, as you correctly identified. What sets Bitcoin apart is that, additionally, Bitcoin derives its value from its credible monetary policy, which is credible because of its censorship-resistant properties (making a big leap here, but it's still true). It's the strongest and most credible, and thus it has the best chance of survival. It is the rediscovery of money [2] and the discovery of natural money in the digital realm (or, more precisely: the electronic realm, as it is "electronic peer-to-peer cash"āwhich is what makes it physical). There is no need to discover it again. Ergo, there is no second best.
TL;DR: I like your classification, but I'd add "speculation" as the 4th and main use-case.
[0] https://dergigi.com/threads/memes-vs-the-world
[2] https://dergigi.com/2022/12/02/bitcoin-is-the-rediscovery-of-money/
Do you think a genuinely superior version of Bitcoin would overtake it though? Letās it would be a coin with a faster-increasing purchasing power over time (less deflation) while also being easier to keep censorship free, etc? (Of course Iām kinda invoking magic to achieve all that)
Ok ok easy self
āTo be able to calculate how much exactly is lost to digital piracy, this study took into account a minimum replacement rate of 14% and a maximum rate of 34%. This calculation was derived on the assumption that 66% to 86% of digital piracy doesnāt actually replace paid consumption.ā
Wonder how they came to those figures
Interesting that they seem to assume all pirated content would have been sales of not for the piracy when compiling the what does it cost us figures.
Interesting as in seemly dead wrong.
