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Comment Re:look ma, (Score 1) 67

OFC this actually exists: magic Bean Coin. It was an inflationary coin (holding coins generated more coins). I met one of the developers a few years ago. He was a really smart thoughtful principled guy. Just chose a really weird goal to throw himself into and not much formal economics education (but lots of "alternative economics"). I just checked first time in a decade, the 24 hour volume was like six bucks and the project webpage is gone

Comment Re:No complaints (Score 2) 67

... and in Texas, you are getting it very hot in the summer and suddenly freezing cold in the winter and with insufficient electricity grid and rapidly diminishing water resources and increasing political strain with your biggest trading partner and a rising culture that is proudly pro-faith and anti-science

Jesus fuck you could not pay me to move there

Comment Re:At last. (Score 1) 67

Think about it for a few more seconds with your engineering hat on. The use case Bitcoin is designed for is peer-to-peer electronic cash. Internet money transfers, with no central authority.

That has two parts:

  1. Internet money transfer
  2. No central authority

Number 1 has been a solved problem for over a decade now. Between credit cards, ApplePay/Venmo/PayPal/CashApp/etc etc, cash transfer over the internet is virtually instantaneous and acceptably small cost.

Number 2 is of absolutely no interest to governments. They want a central payments authority, the ability to sanction, reverse, etc etc.

Crypto is an attempt to solve a usecase that governments do not have

Comment Just use sea water. (Score 3, Interesting) 26

In Portugal we have a $10 billion datacenter being built by Microsoft where a large thermal power plant used to be... it uses sea water for cooling just like the power plant used to. Beachgoers love the warm water. Sea water is not exactly scarce and there's no shortage of shoreline in Malaysia...

Comment what is a reserve? (Score 2) 67

a government or anyone may decide they need a reserve of something in case it later becomes unaccessible when needed. When can a government *need* BTC? Needing oil or food or water or weapons or gold is understandable, those are real things and it is possible to run out of these items and be in a position where access is limited.

If one "needs" crypto currency they may either purchase it in the market freely or just start their own, even Trump has done this on multiple occasions.

Note, it says "a reserve", not a speculative asset to gamble on its price.

Comment Re:Not really new information... (Score 1) 77

I continue to use burned DVDs for backing up the critical stuff. Not perfect, of course, but not electromechanically-failure prone like a hard disk drive, not "terms of service" failure prone like cloud storage, and not "the charge magically held in the gate leaked away" failure prone. I have optical discs over 25 years old which are still perfectly readable.

Comment Re:Stop now (Score 1) 115

yes, actually yes. I would do it differently though, I would use sodium and burn it in water to create the particulate matter, this would accomplish more than one goal, it would block a percentage point of the Solar energy and would percipitate into the ocean water deacidifying it. If done xorrectly, maybe as NaK alloy it can also be used to generate power while burning in water.

Comment Re: Doesn't matter (Score 2) 138

No, he chose war in Europe, this is the next step for putin. You didn't really think the ruzzian murderers that make up their armed forces will be allowed to return back to the motherland alive, did you? The next target is Estonia or Latvia, then Poland and the rest will follow. Regardless what anyone thinks, ruzzia has learned to fight the next type of war and nobody is ready for this except for one nation, that is holding the orcs - Ukraine.

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