Or perhaps Vavilovian mimicry (https://en.wikipedia.org/wiki/Vavilovian_mimicry) that can fool the computer vision weed classifier.
Rate limiting output is a form of filtering. It would be effective at this kind of resource consumption attack.
It isn't a perfect inflation hedge, no one is claiming that. You are cherry picking a single interval where the correlation is negative. If you zoom out, you'll find that the correlation is mostly positive. Past…
There are certainly time frames where change in global m2 money supply and change in bitcoin's price over say 12mo would have a positive R value. That isn't the point I am making. If the amount of money available goes…
Not sure, it is just a correlation not an iron rule and definitely not the only influence. The shrinking here of m2 is much much smaller than the previous increase was as well.
Inflation is a lagging indicator. Bitcoin gained in 2020 and early 2021 when debasement happened and the supply of money increased. That debasement takes time to show up in price data, and then even longer to show up in…
Another good way in which these companies are lying is with overbooking, or legally selling more tickets than seats on the plane and hoping that the statistical rate of people now showing up will cover the deficit.
Perhaps it is to make it look not like default style of ChatGPT output?
The payment was to not mine coins and thus conserve electricity to more important consumers during times of shortages
Do you have any example of your claim about providing help?
Where did I say burn piles of money? I'm saying that if the transmission line is profitable, build it. If it isn't profitable and bitcoin mining is profitable, mine bitcoin. Both options should only be done if they are…
Look, you are touting a metric that you agreed has no bearing on the argument you are trying to make. The number of machines does not matter, it isn't part of any meaningful equation at all. Akin to summing the miles…
We are not measuring what YOU personally believe is "useful productive" work. We are measuring if there is a way to extract economic value (payment) for stranded energy. > So if there's a small amount of power, you get…
Would you then agree that your original point that "99.7% of machines do not solve a block" is not by itself an argument that bitcoin is more or less wasteful than it needs to be? Because through a bookkeeping trick you…
> If there's a small amount of power available then it's not worth mining. Could you explain how you arrived at this conclusion? The value of mining is generally proportional to the available power. If the capital…
OK, let's make this a multiple choice question. Assume bitcoin mining machines magically each become twice as powerful, AND twice as heavy, but there are half as many of them, so the total energy and resources used is…
Your argument (I think) is that bitcoin mining machines that don't solve a block directly are a complete waste, and only bitcoin mining machines that that solve a block do anything useful. Since 99.7% of mining machines…
Transmission loss can actually be reduced to zero, if voltage is infinite (or super conductors were used). However, the important part is the installation and operational cost of a high voltage line-- which is…
> Or do something with it that isn't guessing random numbers on machines 99.7% of which will never successfully guess a single block and go from factory to space heater to landfill. By this logic we should remove…
Food is also essential. If housing appreciated at a constant rate against a commodity like wheat for example, eventually you would be able to sell a house for the entire global supply of wheat (assuming wheat supply…
I've never understood how real returns on house prices could be believed to be sustainable. If the value of a house appreciates in terms of purchasing power for some other good at a constant rate, at some point in the…
You could get close to a binary output with an option spread with a tight range of strikes (e.g. buying a call at price X, and selling a call at price X+1). If the stock price goes above the high strike it is a maximal…
It is a sad state of affairs that being "state-affiliated" is a negative thing.
You are repeating the same false dichotomy by stating again that final settlement and self custody are bad defaults for the entire world. That isn't want I'm saying, I am saying a choice is better than no choice at all.…
You are imagining a false dichotomy where things like fast and final settlement, or self custody are forced onto every user, and pointing out the obvious problems with that scenario. They are not good defaults, but they…
Or perhaps Vavilovian mimicry (https://en.wikipedia.org/wiki/Vavilovian_mimicry) that can fool the computer vision weed classifier.
Rate limiting output is a form of filtering. It would be effective at this kind of resource consumption attack.
It isn't a perfect inflation hedge, no one is claiming that. You are cherry picking a single interval where the correlation is negative. If you zoom out, you'll find that the correlation is mostly positive. Past…
There are certainly time frames where change in global m2 money supply and change in bitcoin's price over say 12mo would have a positive R value. That isn't the point I am making. If the amount of money available goes…
Not sure, it is just a correlation not an iron rule and definitely not the only influence. The shrinking here of m2 is much much smaller than the previous increase was as well.
Inflation is a lagging indicator. Bitcoin gained in 2020 and early 2021 when debasement happened and the supply of money increased. That debasement takes time to show up in price data, and then even longer to show up in…
Another good way in which these companies are lying is with overbooking, or legally selling more tickets than seats on the plane and hoping that the statistical rate of people now showing up will cover the deficit.
Perhaps it is to make it look not like default style of ChatGPT output?
The payment was to not mine coins and thus conserve electricity to more important consumers during times of shortages
Do you have any example of your claim about providing help?
Where did I say burn piles of money? I'm saying that if the transmission line is profitable, build it. If it isn't profitable and bitcoin mining is profitable, mine bitcoin. Both options should only be done if they are…
Look, you are touting a metric that you agreed has no bearing on the argument you are trying to make. The number of machines does not matter, it isn't part of any meaningful equation at all. Akin to summing the miles…
We are not measuring what YOU personally believe is "useful productive" work. We are measuring if there is a way to extract economic value (payment) for stranded energy. > So if there's a small amount of power, you get…
Would you then agree that your original point that "99.7% of machines do not solve a block" is not by itself an argument that bitcoin is more or less wasteful than it needs to be? Because through a bookkeeping trick you…
> If there's a small amount of power available then it's not worth mining. Could you explain how you arrived at this conclusion? The value of mining is generally proportional to the available power. If the capital…
OK, let's make this a multiple choice question. Assume bitcoin mining machines magically each become twice as powerful, AND twice as heavy, but there are half as many of them, so the total energy and resources used is…
Your argument (I think) is that bitcoin mining machines that don't solve a block directly are a complete waste, and only bitcoin mining machines that that solve a block do anything useful. Since 99.7% of mining machines…
Transmission loss can actually be reduced to zero, if voltage is infinite (or super conductors were used). However, the important part is the installation and operational cost of a high voltage line-- which is…
> Or do something with it that isn't guessing random numbers on machines 99.7% of which will never successfully guess a single block and go from factory to space heater to landfill. By this logic we should remove…
Food is also essential. If housing appreciated at a constant rate against a commodity like wheat for example, eventually you would be able to sell a house for the entire global supply of wheat (assuming wheat supply…
I've never understood how real returns on house prices could be believed to be sustainable. If the value of a house appreciates in terms of purchasing power for some other good at a constant rate, at some point in the…
You could get close to a binary output with an option spread with a tight range of strikes (e.g. buying a call at price X, and selling a call at price X+1). If the stock price goes above the high strike it is a maximal…
It is a sad state of affairs that being "state-affiliated" is a negative thing.
You are repeating the same false dichotomy by stating again that final settlement and self custody are bad defaults for the entire world. That isn't want I'm saying, I am saying a choice is better than no choice at all.…
You are imagining a false dichotomy where things like fast and final settlement, or self custody are forced onto every user, and pointing out the obvious problems with that scenario. They are not good defaults, but they…