• 0 Posts
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Joined 1 year ago
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Cake day: July 11th, 2023

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  • It is steadily growing over time. There were people who ridiculed it and said nobody would ever want it, and it would never be worth a dollar.

    It makes sense that you didn’t know what a Satoshi is. In fact, you may still not know what it is. There are 100 million satoshis in one bitcoin, so one satoshi is 0.00000001 BTC.

    Yeah, there have been lots of predictions for bitcoin and people trying to guess specific time periods. I don’t get into all that.

    I just think it is badass to be able to hold value in something that nobody can counterfeit, I can instantly and privately transfer it. I can use it on amazon, Walmart, airbnb, Expedia, and a bunch of other places. I can carry it on my phone with me and protect it even from physical phone thieves. and on top of being totally awesome, it has steadily gone up in value as more and more people all over the world realize how cool it is. It is like an awesome game of spoons where we all end up winners because we all have a much more convenient form of money.


  • The people who use bitcoin think in Satoshi now. There are many wallets and exchanges that allow you to denominated in sotishis. mBTC is another common denomination that people use and think in.

    It is true that bitcoin is starting out volatile, but it is still so early when you consider how long major currencies usually last. Things should settle down more and more as it becomes a larger and larger percentage of the economy. I bet gold probably started out pretty volatile, considering some people knew to value it and others didn’t.








  • Climate change is a separate issue.

    It would be fantastic if people being abused by corrupt politicians and currencies was niche! It’s not though, there are hundreds of millions of people struggling with it. Billions depending on how you count it. It is a disease of the 1st world to be unable to accept that not everyone has the same privileges they enjoy. Human beings are literally starving to death and dying decades early due to poverty, Bitcoin is literally keeping them alive. Spoiled brats want them to die because they saw a headline that tells them to parrot that Bitcoin is bad. Where is your outrage over Christmas lights? How about video games? These things don’t save lives and transform existences like safe money does.

    Nearly everyone who has bought Bitcoin and held are up, it has outperformed every stock, every currency, every investment on large enough time scales. Give me a volatile currency that goes up in value over volatile currencies that utterly collapse. Where is the outrage over the lira? Or any other currency that is down to 5% of itself that people are “supposed” to hold according to you?

    There is a very good reason that you don’t have answers to these. It is because all you know on the issue is that you are not supposed to look to deeply and you’re supposed to mindlessly repeat that Bitcoin is bad without having any idea why. You are allowed to research, you are allowed to make your own decisions, you are allowed to talk to people in the 2nd and 3ed worlds. You are allowed to travel to these places and talk to people. Nobody forces you to repeat their BS, you just have to decide that you want to learn and then put in some effort.


  • I just looked it up, it looks like it is the a difference of 35% to 80% in the developed world.

    Imagine this, you are forced to hold your wealth in corrupt government run banks. They often print tons of it for themselves, criminals are printing it, the government can seize it from anyone they want. You can try to store it at home, yourself, or you can give it to the banks. Now there is a third option, store it as Bitcoin. No need for risking it under your bed or with the corrupt banker politicians, and on top of those be victims to their inflation. Sure, your bank probably doesn’t often seize your money, and your currency probably isn’t rapidly devaluing even compared to the dollar, but if it was then you would probably think the energy is worth it.






  • I think there may be some confusion about how much energy it takes to respond to a single query or generate boilerplate code. I can run Llama 3 on my computer and it can do those things no problem. My computer would use about 6kWh if I ran it for 24 hours, a person in comparison takes about half of that. If my computer spends 4 hours answering queries and making code then it would take 1kWh, and that would be a whole lot of code and answers. The whole thing about powering a small town is a one-time process when the model is made, so to determine if that it worth it or not it needs to be distributed over everyone who ends up using the model that is produced. The math for that would be a bit trickier.

    When compared to the amount of energy it would take to produce a group of people that can do question answering and code writing, I’m very certain that the ai model method is considerably less. Hopefully, we don’t start making our decision about which one to produce based on energy efficiency. We may, though, if the people that choose the fate of the masses sees us like livestock, then we may end up having our numbers reduced in the name of efficiency. When cars were invented, horses didn’t end up all living in paradise. There were just a whole lot less of them around.