531–540 of 587 posts
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Sanctions have never ever in human history worked, so more like sabotaging one's placebos...
It at least worked so far in preventing another Korean war. It didn't topple the Kim regime, but South Korea is mostly safe now.
It would have to work at coercing a final end to the 1950- Korean War before it could have a chance to succeed or fail at preventing another one.
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No, that's incorrect. The price of the bitcoin has no relationship to the amount of energy burned mining it; if this were true then Satoshi's wallet would be worthless.
I think the price of Bitcoin does have a relationship to energy consumption. It’s obvious it’s on large time scales. And unless one has a very cheap energy source it will always be cheaper to buy from the market. So it’s a good in the ball park metric, the core issue to transfer value to old coins is that older coins grow exponentially more difficult to undo — so the fact that a few kilowatts could have mined many th…
utxo security doesn't matter - a unit of bitcoin that expended a fraction of a kWh to be mined is worth the same as a unit of bitcoin that cost hundreds of thousands of kWh to mine, thus the energy spent to mine a bitcoin has no meaning with respect to its price.
I met Virgil at an academic workshop back in 2014. We went out in Amsterdam. He was a weird guy, to say the least (he’d probably be the first to agree). He was generally quite affable and obviously highly intelligent. He’s an idiot for this fiasco. But it’s also sad to see him in jail; I don’t see how this benefits society in any way. Five years in prison seems like a disproportionate punishment for an arguably victi…
Victimless? North korea is not a victimless country. There's a reason why they are sactioned. He clearly broke a big and important law and knew he was doing it. idk what else one would expect
Crypto, Blockchain etc... is apolitical, it can be used for bad and good. Sanctions on N. Korea have starved people there to death.
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And yet they still starve, it is almost like crippling economic systems but allowing shipments of rice is not humanitarian at all, but more a "face saving" position so they can claim they are not the baddies
It's almost like the place is run by a dictator who would take food out of the mouth of his own people to fund a nuclear weapons program that serves no purpose other than to keep him in power.
I wonder what we would call it.....
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No, that's incorrect. The price of the bitcoin has no relationship to the amount of energy burned mining it; if this were true then Satoshi's wallet would be worthless.
That's not completely true. As soon as it costs more to mine a Bitcoin than the value of a Bitcoin is worth, nobody's going to mine it anymore. Why would anyone take a loss on that?
That doesn't matter. The amount of energy burned to mine the bitcoin that already exists has no relationship to its price in the future - the "bottled energy" characterization is totally incorrect.
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North Korea isn't sanctioned because of human rights violations. The US doesn't even care for its own citizenry sufficiently. Why would American politicians care about the plight of hungry people half the world over? North Korea is sanctioned because they won't let Amazon, McDonald's, Netflix, BlackRock, Google, and a myriad of other highly destructive and financially motivated corporate entities run amok in their co…
So your saying being actively at war with close ally South Korea, with enormous amounts of artillery aimed at Seoul, and killing people who commit Lese Majeste, are not credible reasons for being a target of US ire?
Saudi Arabia has death penalty by behading people in front of the masses... and they are invading Yemen. Where are the American "sanctions"?
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Sanctions have never ever in human history worked, so more like sabotaging one's placebos...
The sanctions imposed on South Africa in the 1980s absolutely crippled the country and are widely seen as a successful contribution in the efforts of bringing down Apartheid.
They played a role, but Western institutions are biased to exaggerate it and gloss over the fact that the sanctions regimes were only adopted after the reinvigoration of the armed struggle fueled by stepped up material and training support from the USSR brought into serious doubt the survival of the South African regime even with continued active support.
The West didn't want South Africa to lose, and wouldn't concede to it losing until the alternative was it losing anyway and armed struggle and support of the Communist bloc being the entire narrative for why, which they didn't like for either international or domestic political optics.
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I think the price of Bitcoin does have a relationship to energy consumption. It’s obvious it’s on large time scales. And unless one has a very cheap energy source it will always be cheaper to buy from the market. So it’s a good in the ball park metric, the core issue to transfer value to old coins is that older coins grow exponentially more difficult to undo — so the fact that a few kilowatts could have mined many th…
> so the fact that a few kilowatts could have mined many thousand coins in the early days does not decrease those utxo security and this value utxo security doesn't matter - a unit of bitcoin that expended a fraction of a kWh to be mined is worth the same as a unit of bitcoin that cost hundreds of thousands of kWh to mine, thus the energy spent to mine a bitcoin has no meaning with respect to its price.
Exactly which leads which is probably something that will switch over time in various cycles of its adoption.
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That's not completely true. As soon as it costs more to mine a Bitcoin than the value of a Bitcoin is worth, nobody's going to mine it anymore. Why would anyone take a loss on that?
> As soon as it costs more to mine a Bitcoin than the value of a Bitcoin is worth, nobody's going to mine it anymore That doesn't matter. The amount of energy burned to mine the bitcoin that already exists has no relationship to its price in the future - the "bottled energy" characterization is totally incorrect.
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> but his work was exploring how digital systems can help bring peace to the world Surely nobody is that naive? Wars and sanctions aren't a technical problem that can be "solved" with a "digital system".
So if they are, they should be imprisoned? Maybe you haven't met someone with high-functioning autism. Being naive is essentially a symptom.