If you knew anything about proof of work, you'd know the bitcoin protocol self-adjusts difficulty in 2,016 block intervals. Every 2,016 blocks the bitcoin network adjusts difficulty up or down depending on how many blocks were mined in the previous 20,160 minutes. If more than 2,016 blocks were mined, difficulty is raised. If less, difficulty is lowered.

This difficulty adjustment, which occurs every 2 weeks (give or take) keeps the bitcoin mining reward in balance the the electrical cost of mining.

Therefore it's illogical to criticize bitcoin based on the price of electricity, since it will always be self balancing.

Not sure what you're referring to. Let's try it this way.

Imagine you are a manager or a CO and you have an employee who keep spending an enormous amount of time working on the exact thing you hired him for. He gets frustrated when he finds stuff he CAN'T explain, wants to research further, and you just brush him off because you really hired him to NOT find anything.

So...noscript then.

Who owns Reddit?

It's the same people who own everything else including the US government.

"Heads they win, tails we lose" is the planned and inevitable outcome of this and everything else they do.

The only winning move is not to play.

I FIND YOUR IDEAS INTRIGUING and wish to subscribe to your newsletter

Naturally, a guy who wants to extract monopoly rents to grow his vast hoard of capital believes the masses need to stop owning anything and rent everything. Duh.

"If you do this, we'll fuck up the economy..." - JPMorgan

lmao. If stupidity hurt, you'd be in a coma, drinkypoo.

For six years running you have been at the top of the "Biggest Dumbass Poster on Slashdot" award list, the unchallenged victor. Nobody can surpass the idiocy you spew on a daily basis here. You are untouchable.

"How does he do it?" everyone asks in amazement. "It's simple," drinkpoo replies. "I just try to be me, to the maximum extent possible."

Nobody is "mad" at EVs, fag. We just laugh at the dumbasses who buy them. Especially here in "flyover country", where it's 50 miles to go anywhere, or in places like Norway where it's bitterly cold. Only goes to prove what a bunch of useless cucks they are in Norway. I'm guessing Denmark is #2 in EV adoption, given that country's reputation.

The battery technology isn't there yet, and likely won't be any time soon, idiot!

"Language cannot evolve!!! Meanings of words never change!!!" - ^ this guy ^

first of all, a 56 billion dollar collapse is not a back swan event. its a nothingburger with no contagion risk. second of all, it's not going to collapse so long as corporate debt markets are available.

im not an MSTR investor, but i have been paying attention to what they're doing. their stock never deserved the premium, and MSTR is leveraged, but i wouldn't call them over leveraged to the point of liquidation.

this may be true for some but its not for us. we did home schooling between 2020 and 2024 because of the pandemic and it had nothing to do with ideology. Our ideology is centered around community, but we found that the kids definitely learned more and better at home. That said, my wife is stay at home and so she became educator and mom, so kudos to her.

Anyway, the point is, home schooling isn't just for ideologies. It's also for parents who decide to do single income and invest their time in their children and education.

What data backs up this notion? PC's in the home are becoming even more rare, not more likely, especially not ones that can run AAA games. I definitely don't see it here. The only thing I can ascertain is if he's using "PC" as a way to reference valve's ecosystem without explicitly saying Valve. Is that possibly what he means?

AI is bullshit and vastly overrated.

Just like COVID introduced an accelerated market change, so has the introduction of AI. Not because of any real changes in productivity patterns, rather, it just gives an excuse for the snap-back of the market realities. Underperformers are being cut after years of hanging on, not because of AI productivity improvements, just because there's been a hiring boom and years of not much turnover.

what a weird infantilizing viewpoint. This is an anecdote but I left home at 18 and got a job, did not go to college, and didn't have any of the problems you're describing. My parents gave me $0 in money and very little support or education. I did not take out any loans, infact from my first days out in the world, I would only put on my credit card what I could pay for that day anyway.

It wasn't easy, it involved a lot of saving, but i don't think it's right to think that there's some sort of required intermediary step people must go through between high school and adult life.