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The ‘halvening’ is coming — what this means for bitcoin
(amycastor.com)
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this post was submitted on 21 Feb 2024
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it can't be that stupid, you must be explaining it wrong
On top of the libertarian agenda there is this gambling/betting agenda that is in the DNA of all this stuff. For example, immutability is a bet that the bad reasons for modifying something will always be more prominent than the good reasons. The reasons for modifying something in the future is an unanswerable question, but they've bet on an outcome. I remember reading the Arweave documentation about how they feel they can claim that it is a permanent storage solution based on tokenomics and all that shit. Just like the halvening, it's a bet that the thing will exponentially increase in relevance, usefulness, importance etc. The bet is that more people are mining bitcoin because it is becoming more important for life. It's like they're so sure of the usefulness they never bother to talk about it, instead they talk about the nitty gritty around an imaginary world where the bet has paid off.
It's like picking numbers for a lotto ticket you'll buy in 20 years time and spending the next 20 years planning how to properly manage all the money you will win.
Funnily enough, a big cheese in the early Bitcoin era is noted crazy person Luke-Jr, who released his own fork of a client that censored SatoshiDice because he is a sedevacantist Catholic who hates gambling.
I'm low-key fascinated by Luke-Jr's craziness, but it's kinda sad because apparently he has multiple kids.
Since BTC went mainstream these people just don't have as much impact anymore.
Fair warning, I'm not a Yank and am culturally Lutheran (but personally areligious), so take this editorializing with a pinch of salt, but it does seem like performative tradcath is a facet of weird online culture
https://gerikson.com/m/2022/08/index.html#2022-08-10_wednesday
Also agree re: SovCits and other subcultures, these people can really hurt their family and that's not cool.
it’s always fucking Florida
there’s something quaint about the pure crankishness behind blocking an important change to a global network you think will revolutionize everything because you might not be able to mine at home with your 1 Mbit of shitty Comcast cable internet and for whatever reason don’t want to move into even a cheap data center. just shitty mining on a shitty connection forever and fuck everybody else. when ex-crypto folks tell me the block size decision was when crypto got too stupid for them, I didn’t imagine it’d be this level of stupid
Bet you the same people are jonesing for starlink
he's also a geocentrist
Impressive commitment to the bit.
being good at computor turns out not to correlate with any other personality characteristic
my child self cannot believe that every futurist blogger and sci-fi RPG would lie to them like this
I know it's obvious. I'm just marveling about a subject I've avoided thinking about for a good amount of time