221 karma · joined November 26, 2019
Let's hope it happens soon... finally.
For two reasons:
1. They pay them. Do you trust “big grocery” will provide you food, or did you start a farm in your yard?
2. If that trust were ever broken, millions of bitcoiners who can easily afford to lose $10 a month can mine them. Despite there being no such censorship happening, these uneconomic miners are already a rapidly growing group. Bitcoiners are acutely aware of the state of the mempool.
Or the entire thing can be done by a stock swap, with whoever diluting themselves however amount is necessary, etc.
Plus, china kept at bay, peace increased, intel's bad management gets to bail out saving face, TSMC gets rewarded for their hard work, Trump gets a win, Intel's employees get better management, and get rich from their stock options winning hugely....
Capitalism is where everyone wins like this.
Even china, because china loses if it goes to war, but china feels it has to go to war.
That means investors who sell are getting the current low market price or a little bit higher--- they will still be down the massive amount.
This is really bailing out current management-- letting them be replaced by the more capable TSMC people and getting an attaboy for helping the US government strengthen the alliance with Taiwan, keeping peace in the region.
Only the willingness to go to war, stops aggressors. War is terrible and economic competition is the path to peace, but if you can't defend yourself you will get destroyed.
The claim that SpaceX does not do science is false. Not only do they launch most of NASA's science missions, which counts, they also do independent science, including the Polaris Dawn and FRAM 2. Along with Axiom, they put science missions on the ISS, and all the NASA science done on ISS is facilitated by SpaceX putting humans there. Finally, literally everything that SpaceX has done or built is a result of science that SpaceX has had to do, including colder than ever propellants, and life support systems, etc. The Polaris Dawn spacewalk was not a replication of the 1960s spacewalks, as it was based on new suit science, etc.
Somehow, people like to pretend that probes landing on other planets is the only form of science that is done.
And the reality is that new entrants from RKLB, SpaceX, Firefly, and a lot of smaller companies are doing exactly this kind of science as well--- but at vastly lower cost.
The inescapable reality-- and this will always be the case with political organizations like NASA-- is no matter how well meaning they cannot do science as effectively as private organizations. NASA slows science down in large part because they are hamstrung by congress.
Yes, it looks like some way too expensive projects are getting cancelled and that means some waste of money. It's not the choice I would make.
But in the next 10 years, nearly %100 of all science will be done outside of NASA.... because the NASA overhead is too much, makes things too expensive, and less reliable.
For example, it's better to blow up 1 falcon one, and 2 falcon 9s, to get 500 successful falcon 9 launches at 1/100th the cost per kilogram of mass to orbit than to have a completely successful SLS system that launches only 2-3 times a decade.
The former accelerates science, lowers the cost of all science and more science gets done per dollar than the latter.
That transition is happening whether government, the senate and congress is aboard.... or not.
The now much more diverse mining space is much better than completely centralized in one entity current system.
And bitcoin community has a way of working to fix weaknesses wherever they find it... there is active campaigns to diversify mining, as you pointed out those are pools-- and pools are being made obsolete. behind those pools are thousands or tens of thousands of mining operators, of all sizes, as it's viable at industrial as well as individual scale-- many use it to heat their house for less than the alternative, the earnings don't have to cover the full cost to be beneficial to people.
This is a hardware rich, inexpensive program, and they could fly probably 100 missions for the cost of one NASA old style mission.
For instance the V2 design seems to use Raptor 2.5 which is a Raptor 2 variant with Raptor 3 style interface with the ship. So they are testing the ship design to support Raptor 3 before they have Raptor 3.
The engines are really heart of these things and drive the development cadence.
I remember seeing an ad for whose premise was a cheap hotel where "we have every movie ever made on our TVs".
That was one promise of the streaming future... but there was never an understanding that the internet was permanent.
Even during the initial fad of "everyone needs their own homepage" before geocities, most pages were dead or broken or obsolete in a few months.
A large distributed redundant archive of data would be useful... probably with some mechanism where you can donate resources to preserve the data you like without having to support the stuff you don't care about (because resources are finite.)
Like having your own Netflix service.... I found I watched a lot more of my movies that way... than when they were just sitting on my drive.
You pretended to be unaware of the situation then you straight up lie to push the dishonest narrative.
You support censorship.
This site literally bans anyone who defends conservative positions.
There’s nothing more hypocritical than leftists pretending to care about human rights.
I’m not going to indulge pretending otherwise.
You cannot lie your way into moral superiority.
He is suing a literal cartel after their crime was exposed in congress.
The problem is that the corruption has built up so much, and so many generations have grown up being "educated" by propaganda on TV like "Law & Order" that they think this is not corruption at all.
But the 4th amendment is clear, they need a warrant. They never get one. And when they do, they are almost all fraudulent/invalid warrants.
But since government is the only one that gets to enforce the laws, it is not a surprise that government tends to let government get away with criminal activity.
That's it.
Citizens United was a fundamentally pro-first amendment, pro-human rights ruling.
I wonder if you can mount a defense of the idea that government has the right to ban people from making videos that criticize political candidates without government approval?
But if the power in the area is coming from coal then every use of that power is equally coal based.
Hair dryers use more power than bitcoin mining, ban them first.
The attempt to demonize certain uses of power is just the attempt to demonize certain people in order to oppress them.
I looked at DIY with Raspberry Pi high quality cameras, but the outdoor requirements mean I really need a manufactured housing. (Camera will be in an area very hard to reach for servicing.)
I wonder if there is any project to hack the generic chinese camera makes and install custom firmware?
The government cannot do those things under the law, but only by violating the laws.
Problem is they have done it so much you think its not only legal, but moral!
Innocent until proven guilty.
You can’t “steal” your own property.
The government agents involved are all felons under 18 U.S. Code § 241. Conspiracy against rights - https://www.law.cornell.edu/uscode/text/18/241 and 18 U.S. Code § 242. Deprivation of rights under color of law - https://www.law.cornell.edu/uscode/text/18/242
The problem us our country is so corrupt you have forgotten we have a constitution and have probably never heard of the above two statutes.
So instead of people getting rich by innovating and making other people’s lives better, the people getting rich are the ones taking bribes (“campaign contributions” they get to keep forever) for reducing the impact of those regulations.
If your time horizon is a year, bitcoin isn’t for you.
Bitcoin is the hardest money known to man, but not everyone heeds that and there are tradeoffs.
If you look at bitcoins price history, %95 of the time— maybe %99! - it’s down from its all time high.
But buying at the exact peak is even harder than buying at the exact bottom.
But places like vice assume that’s what everyone did.
Or that El Salvador isn’t continuing to buy.
Dollar Cost Averaging is the way to go.
Don’t be expecting bitcoin to hit any particular price target at any point.
I for one just started out buying the equivalent of real actual monetary inflation as a percentage of my net worth. Until my net worth was too high to keep doing that.
El Salvador is booming. Bitcoin is unlocking value in its economy that have nothing to do with sitting in the government treasury.
You can do cold storage by securing seeds on metal, such as titanium, or any robust material you like.