I recall there being a "scandal" about stats being leaked earlier this year as well. Honestly, when you think about incentives its pretty impossible to avoid this type of thing. The issue is centralization of power and info.

It always bugged me back in the day when people would complain about campaign spending and their solutions were more rules. Its absurd when you think about it. In any other context the solution would be clear. Don't put all the jewels in one place. But people don't think when it comes to politics and government. They just act on their training. Like parrots.

I agree with others. Very unlikely to happen. I could see it being a fat finger mistake with someone that I'm transacting with though.

Regardless, it always amazes me how cheaply people value their own integrity. If possible I'd send it back.

Nah, the state is great! The US is fine.

Pretty wild what is going on. People don't wanna fool with the US nonsense.

Seems like this should be bigger news. Maybe it is. I don't pay close attention. I wonder why its not... hmm. Makes you wonder.

Very good.

And these people running computers are incentivized into doing this work to secure the network by being rewarded with bitcoin. The fact that they are willing to expend capital to run these machines is one way to tie this digital token to the physical world.

Yeah it is marketed incorrectly. That's my main issue with it. Far to many influencers push its use. It has utility but not for secure comms.

Indeed. Proof of work has multiple functions. Providing security as well as tying it to the physical world through the use of energy. Technical people seem to get it more easily.

Yeah, Twitter sucks. Sorry

The WHY is a different question but you are correct. I think the why is easier to explain actually. We often skip the why and I think that's why people have a hard time with bitcoin itself.

This explains why I have never heard of him.

Never heard of this guy. Not surprising that he said bitcoin isn't a currency. Not surprising he made no mention of the developing world and effects of fiat currency debasement. No mention of censorship resistance and bitcoin use against repressive governments.

My thoughts exactly

Its wild. Truly wild. He's clearly not understanding bitcoin on a technical level. I may be missing something but he's off on gold with 100 years 2%.

No mention of proof of work, game theory, digital scarcity, double spend problem, or censorship resistance. Dave's whole deal seems to be he doesn't understand bitcoin. He's interpreting bitcoin based on the NGU crypto bros, and ignoring what die hard bitcoiners value.

Its called bullshit. That's what it is. You see, trust is built at the end of a gun.

Yep

100%

I have to agree with Marty here. This is gas lighting nonsense. Guys like this dude are great and making bullshit sound profound.

Value is subjective as is beauty. Ugly and unattractive are different. One can have many virtues that make one attractive besides outward beauty. Some people value physical traits over ability or virtue. Others value wealth over everything. Others status. This to me is one of those obvious observations that sounds smart because it is all dressed up in fancy clothes.

As a pleb, when I look at the history of governments and central banks I see a system of broken trust. I see a system that doesn't trust the pleb but requires that the pleb trust the politician, bureaucrat, and banker. I see a society where moral rot fueled by short term dog eat dog thinking has destroyed the trust that was once something that separated western democracies from eastern authoritarian communist states. The elite class and their theft from the plebs have created a culture where we have to have trust minimized systems. If we don't build them we will never be free. We will never get out from under the boot of the elite.

The world my parents grew up in indeed was full of more trusting people. It wasn't bitcoin that changed that. It was the system of control we have been living under. People that live under authoritarian governments do not trust them. I believe one reason trust is rare is because trust is so rarely earned. We are slowly wising up.

Just one pleb's opinion.