disruptalot

Recently there has been a trend of inscribing data on the bitcoin chain representing issuance of new assets and in some cases media (images etc.). Keywords here are "inscriptions" "ordinals" "brc-20"

The speculation component of these new asset types has has created a high fee environment where instead of paying for bitcoin moving around, ownership of secondary assets encoded as data are being transferred.

There is currently a big controversy where one tribe says that these transactions are spam and should be banned via opt in from miners.

Why do games have to use so much electricity? They should be fine with a few kb of storage and maybe some minimal networking. Back in the day games were completely fine and playable in tiny cartridges. Games should be regulated to not consume a certain amount of network and processing power.

On the other hand, without the PoW mechanism of Bitcoin, it's impossible to have the properties that bitcoin has - global decentralised money and payment network. If you believe otherwise, make one! Very quickly no one will be willing to pay for Bitcoin, and all those "wasted electricity" will suddenly become available again.

You may be misreading the effects - Bitcoin is trading above what it traded yesterday, and 50% higher than october.

You highlight a bunch of examples where government policy/implementation has failed miserably in the backdrop of higher and higher demand from it. I wonder how far this needs to stretch before we realise that the problem isn't that the government doesn't behave correctly, but that the whole idea that a government is a good allocator of capital and resources is flawed.

It makes perfect sense. McDonalds did something unconventional and apparently popular. People that found that valuable send the strongest signal you can send in an economy - money. "Corporate profits" take a look at the bank and they think "hmm, that seemed to work, we'll do more of that". They might not produce another gameboy game, that signal might need to be calibrated over further attempts to figure out why people bought more hamburgers. But certainly some signal concerning the approach they took will be loud and clear.

"Karen"

Context: "This term is used to ridicule or demean a certain group of people based on their behaviors."

Consider using: "demanding or entitled White woman"

This example is truly a tell all for this movement. To redefine language from a position of moral superiority where they can make no mis judgment.

Alternatives:

- Crypto is being used and abused by people and purposes that don't need it.

- Fundamental practices haven't matured yet.

This was a failure of traditional financial institutions and people who are ok with them, not of crypto.

Satoshi wouldn't be encouraging people to put their coins on a trusted third party like that. All fundamental crypto values say this.

It's an open hiring board. Who is going to fairly judge the openings without falling into some sort of bias?

Actually I can barely find any crypto posts on the hiring threads. Maybe 5%.

Speaking personally, they might be concise and precise but the arguments are nothing new and too often have simple counter arguments. That's the reason they're not addressed, there really is no reason to except to directly address the Molly white audience.

> Owns enough to influence the market

Meaning acquiring it fairly from the market?

As compared to fiat currencies, which can be issued and moved around with the snap of a finger. That's a net improvement.

Consuming energy is a requirement for it to provide its stated benefits. If you're able to conjure the protocol which doesn't require PoW and still maintains the characteristics, you would be welcomed with open arms.

Valid point. As cash and savings there's no reason to accept the IOU. At which point you need access to credit you can move to that world.

Bitcoin continues to inflate until ~2140. The difference is that it inflates in a predictable curve and is not subject to the decisions of central bankers.

Inflationary policies also have a very tight link with speculation in the economy. You only need to look at the past 2 years.