The *implicit* error in your premise is thinking that mining is somehow special, and it is not.
EVERY technology and business must minimize input energy costs that go intot the thing being done. Bitcoin ensures that choices are made in this direction over time, by impoverishing those who fail to lower energy costs quickly enough.
HOWEVER, if every bitcoiner refuses to understand the fundamentals of technology itself, we will see fiat thinking repeated on bitcoin until bitcoin does its thing, via negativa, and the foolishness is drained out. But the foolishness can only drain out if there is somewhere for it to drain *toward*. And if 99.99% of the planet (really, the coins) insists in idiocracy (including OGs), the exit will be a small, slow one and civilization will slosh around in foolishness for 200 years!
Do people have the free will to choose a different path?
Dirac Delta
npub1c8…pqsah
2023-03-25 15:32:29
in reply to nevent1q…gdl4
Author Public Key
npub1c8nlcgd5l8qenesgdcy4vw0s794yujyy23z50n52v5ld0ddkcjnsppqsahPublished at
2023-03-25 15:32:29Event JSON
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"pubkey": "c1e7fc21b4f9c199e6086e095639f0f16a4e4884544547ce8a653ed7b5b6c4a7",
"created_at": 1679758349,
"kind": 1,
"tags": [
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"content": "The *implicit* error in your premise is thinking that mining is somehow special, and it is not.\n\nEVERY technology and business must minimize input energy costs that go intot the thing being done. Bitcoin ensures that choices are made in this direction over time, by impoverishing those who fail to lower energy costs quickly enough.\n\nHOWEVER, if every bitcoiner refuses to understand the fundamentals of technology itself, we will see fiat thinking repeated on bitcoin until bitcoin does its thing, via negativa, and the foolishness is drained out. But the foolishness can only drain out if there is somewhere for it to drain *toward*. And if 99.99% of the planet (really, the coins) insists in idiocracy (including OGs), the exit will be a small, slow one and civilization will slosh around in foolishness for 200 years!\n\nDo people have the free will to choose a different path?",
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}