No BoilerplateAug 15, 2024

Bitcoin is 15 years old.
To put that in perspective:

The web started in 1991. 15 years later, in 2006, we had youtube, twitter, amazon, ebay - the world was unrecognisable.

What have we got in that timeframe from #blockchain? Ashes.

"A thriving market for magic beans doesn't make the magic beanstalk real." - lib.rs

Magic Beans

Beware of empty promises and fraud.

Lib.rs
Show threadpatryko
@noboilerplate Internet wasn’t suppressed by governments and banksters to such an extent. Popularization of BTC means US dollar dethronement and marginalization of any other fiat currency. No politician with power wants that to loose.
Aug 16, 2024 at 11:14amWeb
Show threadCyberFrogAug 16, 2024
@patryko @noboilerplate ehhhhhhh debatable, the government was kinda pissed about the internet for a long time, they blocked computer security from advancing and still fuck with encryption standards by classifying them as "dual use military munitions" and stuff in some cases

apparently if I write some funny words into a text document on a computer I create export controlled arms, stupid fucking law tbh
Show threadpatrykoAug 16, 2024
@froge @noboilerplate techno-anarchism for the win! I just think comparing internet to blockchains doesn’t make sense.
Show threadCyberFrogAug 16, 2024
@patryko @noboilerplate totally fair, I don't like comparing them either tbh
Show threadMeu Aug 16, 2024
@patryko @noboilerplate
Show threadPanegyr  Aug 16, 2024

@patryko @noboilerplate a deflationary global reserve currency is a really, really bad idea in the age of globalization

And then it only has the capacity to handle what? A dozen transactions per second? For the low low cost of the electricity consumption of a developed european country

Its value is propped up by extreme speculation and cybercrime. I used to hold a small amount of BTC but closed my position when I realized that unlike shares in a company, it doesn’t actually DO anything

Show threadpatrykoAug 16, 2024
@panegyr @noboilerplate inflation is a mean for governments to reduce debt and to keep masses of people poor.