Dissident Sound's avatar
Dissident Sound 2 months ago
when i first learned about bitcoin ( which was around 2011 or so ) it was for cool people like me who ordered experimental psychedelic drugs online so we could do them with goth chicks at an industrial rave party now bitcoin is for ugly incels who vote for Trump so he can establish a "strategic reserve" of meme tokens hoping that if they can pump the coin high enough a cute girl might want to date them because they are "successful" instead crypto hoes just fleece them of their money and use it to travel to Jamaica to get gangbanged by Niggers

Replies (8)

test1's avatar
test1 2 months ago
How can the volatility of monetary assets be lowered without central coordination? Transaction links can be broken by coinjoining, and heuristic analysis can be broken by different transaction constructions.
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test1 2 months ago
Why would you back a currency with such a volatile asset as electricity stored in a battery?
Dissident Sound's avatar
Dissident Sound 2 months ago
what battery ? the way these things work is there is a known production capacity for things and you can buy that capacity before the thing is produced so for example due to AI boom, manufacturing capacity for memory chips is already sold out for the entire next year you can obviously do the same for electricity because power plants like chip manufacturing plants have a known fixed capacity let's say i buy 1 terawatt hours of capacity then somebody wants to run an AI data center but i own the power - they have to then buy it from me unless they build their own power plant which will take 10 years to build this is the most real kind of money because society can exist without bitcoin, without gold, without dollars - but it can't exist without electricity
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test1 2 months ago
How can individuals store such a large amount of terawatt hours without the infrastructure to support it? How does a unit of dissident currency work? I mentioned batteries because industries and people want to store available energy and transmit it on demand. I can envisage a system that uses commodities such as electricity and other energy generation assets as a means of deferring consumption and paying with electricity on demand as an alternative form of settlement. However, I only see it working on closing loops, because coordinating different jurisdictions is extremely difficult.
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Rio 2 months ago
the closing loops thing is key though. i wonder if you'd need multiple regional currencies running parallel instead of one global system?
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test1 2 months ago
I agree with the last part, though. Real politics involves the enforcement of real services and assets. Therefore, you only need an exchange of assets if you can settle disputes on a fundamental basis.
Dissident Sound's avatar
Dissident Sound 2 months ago
i don't know how to explain it any better than i already did energy isn't stored - it is pledged instead of buying a charged battery you buy a contract from the energy producer such as a nuclear power plant that makes you entitled to certain percentage of the plant's output for a given time to issue dissident coin you don't "mine" it but rather you deposit your energy contract and then you can issue the equivalent amount of dissident coins thus the supply of coins is proportional to the amount of energy available and 1 coin is always worth 1 kwh so you know if you wan to bake some hash brownies in an electric wall oven it will always cost you about 1 dissident coin to make in terms of electricity used - this won't change even in a thousand years. energy is the most fundamental asset. a class of civilization is determined by the scale of its use of energy. you know horses were also used as currency in the past and you can think of a horse as a unit of energy.
Dissident Sound's avatar
Dissident Sound 2 months ago
you would need some kind of framework to prevent cheating yes. but even if it was severely flawed it would still be better than bitcoin today. because cheating would mean that some of the coins issued were not backed by a real asset. whereas today NONE are.