A lot of people say that they are not in it for the money but for the tech. But that’s stupid because for the tech to be implemented it needs a very high value.
If you want to secure a lot of value, you have to endure a lot of waste. Bitcoin does not exist in a vacuum. We have existing systems that move billions of dollars, and all the human beings, the giant buildings, the accountants, the people moving cash, chargebacks, these things all have an expense. That’s what we’re competing against, so if you measure the economic cost of the existing system. It is still worse than Bitcoin.
If you want to know whether a party is being truthful about a certain piece of information, you have to analyze the information they give you that has a cost associated with it. So if you’re a bird with really flashy feathers, and jumpy around movements. Those movements are calorically expensive and provide you no other benefit whatsoever except to show that you have excess calories to waste. So the ability to waste is the way by which you should measure and judge the information. The game theory behind why mining keeps people honest is that it’s costly.
You should not care so much about what a cryptocurrency’s market capitalization is, because it has no basis in reality.
Bitcoin forks with alternate proof of work are good for the ecosystem. Anonymity is good, and fungibility is good.DLT is useless, fuck all DLT, tell me what is wrong with Oracle, or MySQL with logs.
Security tokens are garbage. You’re all slaves to the transfer agent. You’re a security AND a token? great! But I don’t give a fuck what your blockchain says. I care about what this registered transfer agent says.
People keep saying they short the bankers. until you realize that the thing Bitcoin serves are the people with the most money
Cloud Mining is stupid. When you have to suck someone’s balls and beg them to point the hash rate at something you want to. You’re just begging. It’s not your electricity, not your machine, not even your node, you are a bitch. And like all bitches, you will die a bitch’s fate, that all other bitches did before you, and got the shit scammed out of them by cloud mining + the shit ROI that comes from mining in the first place.
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