• 15 Posts
  • 143 Comments
Joined 1 year ago
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Cake day: June 2nd, 2023

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  • Back when Bitcoin was released, nobody was giving a thought to computer energy use.

    It didn’t take long before people saw that energy was a major factor in cost of operations of the network.

    It was a poor design decision

    One that is fiercely defended by people who invested into the implementation. So it may not have started with it being anticipated, but not it is and people are actively choosing to perpetuate this use of energy.



  • Republican voters are never going to change their preference to a democratic candidate based on who the Democratic candidate is. The people who have potential to vote for Democrats aren’t undecided in who they prefer, they’re undecided if they even care enough to vote at all. Getting more people motivated to vote who didn’t vote in the prior election is the only way to gain votes. That’s true for any Democratic or Republican candidate for president. Presidential candidates need to make sure that people who voted in the last election for their party’s candidate don’t become disinterested in voting in the current election.

    The tough on crime reputation Harris has may demotivate otherwise likely voters for a Democratic candidate.











  • this would essentially mean a transfer of wealth from the masses sending remittances to a few HFT traders.

    Compared to a frictionless world, this is sub optimal. But as you and the article established, there are frictions that currently result in a tranfer of wealth at a 6% rate of transfer volume which could very well be greater than the future equilibrium you posit.

    I think that there are options that could be implemented at scale faster and simpler compared to crypto token exchanges. But any individual current getting hit with high transfer fees could benefit immediately if they know about and learn how to use something like monero.