I always wanted to write this down somewhere, and now I did. https://i.imgur.com/34Ke1or.png #[0]

Reposted before I read it through, since the first 4 paragraphs already 👌👌👌

Mineblowing... What are people thinking? Do they also think gold miners are creating gold? #[0]

"21 million coins, issued in 10-minute intervals, over the course of ~131 years." #[0]

Wouldn’t it be nice if turtles found a way to make shells that didn’t consume so much energy, though? If only there were some alternative to proof-of-work which was just as secure, without burning quite so much energy … https://chiapower.org

We can safely say Satoshi wasn’t the greatest at marketing / positioning.

bitcoins are issued over time to whom puts in the honest work and punished the corrupt parties by kicking them out of the network

https://tenor.com/bv57H.gif

Fuck man this is great. Appreciate you.

"Saying that you want the Bitcoin network to use less energy exposes you as either naively uninformed, dangerously authoritarian, or both." #[0]

lol - i tried to zap 50k because "I didn't know how many sats were enough" to take a line from the document... but Iris failed me. As this is literally worthless without putting real sats out there, happy to pay an invoice you reply with Gigi... ya know put my sats where my mouth is! ;)

"Saying that you want the Bitcoin network to use less energy exposes you as either naively uninformed, dangerously authoritarian, or both. A decrease in Bitcoin’s energy use is a decrease in security, fair distribution, and resistance to hostile alteration. If you are cheering for a reduction in h...

Thanks

Fantastischer Artikel! Einen kleinen Kritikpunkt habe ich allerdings, #[1]: Du solltest deine Artikel auch auf deutsch verfassen, damit unsere Grün:innen ihn auch lesen und verstehen können. Nachdem die meisten von denen ihre Ausbildungen abgebrochen haben und auch die FFF-Jünger bzw. die Anhäng...

green suit man = a naked turtle?

"Bitcoin’s energy use is related to security and fair distribution of coins, not creating more coins." "A decrease in Bitcoin’s energy use is a decrease in security" "exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy." Saylor Are these statements sayi...

Always ❤️ your punchlines!

“Step four is to start stacking sats or to cry exponentially harder.” 🤣

#bitcoin is hard earn money . It doesn’t need printer 🖨️

Thank you for your work/time 🧡

Sent from my #Bindle https://i.imgur.com/X66vxGB.png