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halalmoney
halalmoney@stacker.news
npub1vdaz...7rjz
Freedom. Justice. #Bitcoin https://stacker.news/r/halalmoney
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halalmoney 4 months ago
*By fixing a terminal supply and grounding every transformation in measurable work, [Bitcoin] gives the universe’s implicit law of conservation explicit form. It shows that value and structure depend on bounded systems where every bit of order must be paid for with energy* View quoted note →
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halalmoney 4 months ago
*btc really is technically sound, decentralized, capable -- but the fact that it's possible seems to be enough, nobody has to be actually doing any transacting. The threat of transaction is sufficient for finance bros to ape in and for Saylor's rousing speeches to have their intended effect. It's worth asking how long this can go on for without the whole thing collapsing. I think about that all the time.*
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halalmoney 4 months ago
*Social media is 99% noise and nonsense... and trivially easy to sybil-attack or misrepresent. Bots are created in-mass... and there's no real solution to this unless people pay ie pay-2-post. Which is funny because 'people' argue over the nuance of op_return... but will they really pay to outbid the spammers or keep them from spamming? No... which I think is more telling.* I look at pay-2-post on Stacker News the exact same way I look at hash-cash and Bitcoin mining itself. Pay-to-use, pay-to-store and pay-to-interact... some kind of economic, uncheatable consequence for action.
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halalmoney 4 months ago
*As Stevens explains, Bitcoin mining accounts for only about 1% of global energy expenditure on heating. As he puts it: "If 1% of comfort heating were converted to hashrate heating at the current estimated average mining chip efficiency of 25 J/TH, we'd add over 1 ZH/s to the network, effectively doubling its computational size." Or put more simply, if only 1% of the electricity used on generating heat around us went to Bitcoin mining, the amount of computing power dedicated to securing Bitcoin would double* View quoted note →
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halalmoney 4 months ago
*there's no reason for multiple fiats to exist and the dollar is the default fiat, the inevitable end-state is the final boss pair of BTCUSD... China can't stop that, but what it can do is avoid going broke in the process by collateralizing ahead of it*
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halalmoney 4 months ago
*These copyright traps have a name: “mountweazels” — a term with its own curious history — and an evolution of them is now being used by companies fending off AI data scrapers that devour vast swathes of the internet without asking permission. In a lawsuit against four tech companies filed Wednesday and covered by The New York Times, Reddit revealed how it managed to ensnare the AI startup Perplexity with its own sort of mountweazel. The forum-based social media platform put up a “test post” on its site that could “only be crawled by Google’s search engine and was not otherwise accessible anywhere on the internet,” it said. But within hours, Perplexity’s AI-powered search engine showed the content from the trap Reddit post.* Perplexity Just Got Caught Breaking the Rules Red-Handed