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I sold all my bitcoin last week
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2024-06-18 at 8:53 PM UTC
"Cryptocurrency at its most fundamental level is a breakthrough in computer science. One that builds on decades of research in cryptography. It's a way for one internet user to transfer a unique piece of digital property to another internet user such that the transfer is guaranteed to be safe and secure. Crypto gives us that for the first time."
I spent a year living in Argentina in Buenos Aires. And I got to see a country that used to be one of the top 10 countries in the world, this kind of Paris of South America. And essentially through a series of these negative government actions, had fallen to maybe, you know, 120th place in the world. And it was this society that had really been ruined by, you know, high inflation and corruption, and really a lack of property rights. I mean, people's assets could just be seized at a moment. And the poorest people in society were kind of having their wealth eroded because they were holding cash. And so I kind of, I was very much a student of that and very excited about it. And I'd seen some of your interviews with Milton Friedman and all these things. And so when I first saw the Bitcoin white paper, it took me a little bit to get to this conclusion, but I think the thing that excited me about it that I was later able to articulate was that, I said this actually might be the most important technology that could increase economic freedom around the world because it would essentially take anybody who had a smartphone, which increasingly was everybody in the world, and said if you just have a smartphone and an internet connection, no matter what country you live in, if you're in a corrupt regime or whatever, you know, you can have access to good financial infrastructure, you can have access to sound money that can't be inflated away. You can have access to property rights. And if we could inject that good financial infrastructure into the countries all over the world, it would actually lift the world out of poverty. We'd see more innovation. And so I got really excited about that idea.
https://github.com/btcven/lochaWhat is the Locha Mesh?
During the year 2018 in Venezuela there were power blackouts throughout the whole country which left cities without power for weeks, even cell towers run out of power supply after a few days, so despite people managed to charge their phones with generators or cars' battery, there wasn’t any cell service for them to communicate with others. No calls, no SMS, no mobile data.
How do you communicate and do commerce when there is no communication infrastructure, nor power grid at all?
The Locha Mesh is an open-source and open-hardware project initiated by the non-profit Bitcoin Venezuela in 2018, to create the software, protocol, and hardware needed for a resilient, decentralized, mesh network of devices capable of transmitting messages, data, Bitcoin transactions, and services completely off-grid without having to rely on an Internet connection or even the electrical grid, for disaster hit countries and privacy-concerned individuals and groups.
The Locha Mesh devices are battery powered and could also use solar panels. There will be custom made hardware, the Turpial, which is mobile-first so you can carry it around. (you can pre-order a Turpial device by making a donation to the project) and also DIY alternatives. The Turpial device can also be attached to a computer (desktop, laptop, Raspberry Pi…) to offer services to others and get paid in Bitcoin, Lightning Network, and Monero RPC-Pay. You can add a bigger antenna and power amplifier to serve a wider area or reach longer distances. -
2024-06-18 at 8:54 PM UTC
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2024-06-18 at 10:08 PM UTC
Originally posted by Jiggaboo_Johnson Hate to burst your bubble but if the scenario I painted aka WW3 happened you wouldn't be living off the land for 10,000 years
You can actually, after 2 weeks its safe to come out your shelter for 8 hours a day without receiving too much radiation, and that increases fairly quickly. For food the best option if you can't scavenge tins is to go for root vegetables that grow below the soil like carrots and potatoes. Animals that live underground are best to hunt like rabbits as they will be less radiated because they are more sheltered from fallout in their burrows. For water source underground springs and rivers would be the best option to look for.
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2024-06-18 at 10:14 PM UTC
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2024-06-18 at 10:45 PM UTCThe ironic part is you can represent something like a cow using crypto oracle technology, completing the cycle of trade forever until we reach the next stage of economic technology. The Byzantine General problem is now Byzantine Fault Tolerance. This advanced level of computation based economics is powerful enough and creates it own value. In a world where capitalism collapses and the market history of computers and global supply chains is lost then everything will be rebuilt oriented towards this market and technology, everything else will be integrated into it, not the other way around.
https://en.wikipedia.org/wiki/Byzantine_fault
https://www.linkedin.com/pulse/chainlink-oracle-connecting-real-world-data-sebasti%C3%A1n-villafuerte-fhlxe
the technology already exists for markets to operate completely independent of any central authority and we have only scratched the surface. I don't think PoS crypto like ETH or SOL will ever be better representations of value than PoW crypto like XMR , BTC, LTC or DOGE.
PoS crypto relies on network power, like a hivemind. Eventually when enough computers are connected these networks will be some of the most powerful on the planet, and use very little energy or processing power, and will be robust enough for way more than central bank digital currency or payment processing.
But in a global collapse where all computer turn off those networks will be dead, you can bring them back maybe but I seriously doubt they will survive an event like that. They are highly dependent on central structure despite being decentralized.
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2024-06-18 at 10:49 PM UTCBitcoin will never be worth "$0" it's mathematically impossible for it to not have value. Proof of work is a powerful concept and should not be underestimated. If a scenario ever exists where Bitcoin can't be traded for anything it will then instantly be the marker of value. Anything after that will be based off the value of Bitcoin, an already existing commodity with value.
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2024-06-19 at 1:49 AM UTCThe reason cryptocurrency will replace all other medium of exchange technology is because it currently exists as a chain. Central Banks/ Fiat / Credit/Debit exists because it was a replacement for gold and paper money, which was a replacement for bartering.
The idea of economic collapse making gold the standard or even going back to a gold standard has existed in the public consciousness before the existence of this new technology, but we live in a different time now. Maybe 20 years ago the chain would just repeat itself but I don't see it happening nowI don't have any reason to believe the end is near, but I have a problem that I can't rectify without someone who knows how Bitcoin works on a technical level.
If the world were to end horribly, and the scattered human remnants we're to find and use Bitcoin as a currency without the global net, what happens when the continents rejoin?
More distilled, if two groups of miners worked on the same algorithm without change for many years, and then just plugged in the internet (or a perfect firewall drops) would the chains combine? Would the ledger automatically expand?
Is Bitcoin apocalypse proof by nature? Was it designed to in the same way TCP was?
https://cointelegraph.com/news/bitcoin-is-apocalypse-proof-say-doomsday-preppers
https://bitcoinmagazine.com/technical/can-bitcoin-survive-an-apocalypseWe often use the term “anti-fragile” or “censorship-resistant” to describe Bitcoin. But do these terms still apply if the internet is intentionally cut off or if some horrible, catastrophic event ends up happening?
The short answer? Yes, Bitcoin can survive an apocalypse. Not only this, but Bitcoin is actually the most robust network on the planet, as well as the most likely to stay alive in some sort of apocalyptic situation.
Do you need internet service in order to use Bitcoin? No. Do you need power from the grid? No. The idea of “off-grid” Bitcoin usage is one that encompasses many different rabbit holes which we’ll be exploring. This article is an attempt to answer a hypothetical question and to show that there are already different options to send bitcoin which don’t depend on the internet or power grid.
Bitcoin is apocalypse-resistant money. This is a result of the many different resources, ideas and accomplishments that hardworking and innovative Bitcoiners have made. -
2024-06-19 at 1:57 PM UTC
Originally posted by Narc You can actually, after 2 weeks its safe to come out your shelter for 8 hours a day without receiving too much radiation, and that increases fairly quickly. For food the best option if you can't scavenge tins is to go for root vegetables that grow below the soil like carrots and potatoes. Animals that live underground are best to hunt like rabbits as they will be less radiated because they are more sheltered from fallout in their burrows. For water source underground springs and rivers would be the best option to look for.
there's not much really solid information on this especially considering how many different types of nuclear weapons there are with different levels of radiation persistence.
generally speaking though the most dangerous radioactive materials are particles, not the waves themselves, and they land on the ground if you're outside the immediate danger zone. assuming society's still in such a state that it's possible, you can reduce the intensity and lifespan of dangerous radiation by like 80% just by turning the top soil, but that'd require either machinery or a large group of workers (ideally with NBC protection) working over a wide area. -
2024-06-19 at 4:38 PM UTC
Originally posted by the man who put it in my hood Bitcoin will never be worth "$0" it's mathematically impossible for it to not have value. Proof of work is a powerful concept and should not be underestimated. If a scenario ever exists where Bitcoin can't be traded for anything it will then instantly be the marker of value. Anything after that will be based off the value of Bitcoin, an already existing commodity with value.
The Earth WILL be hit by a "Planet killing" asteroid at some point, that's not an if but a when.
When that happens bitcoin will be worth $0...as will bradley's new watch. -
2024-06-19 at 5:23 PM UTCThe blockchain code will be etched into gold plates and will outlive humanity in space forever
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2024-06-19 at 8:14 PM UTC
Originally posted by ner vegas there's not much really solid information on this especially considering how many different types of nuclear weapons there are with different levels of radiation persistence.
generally speaking though the most dangerous radioactive materials are particles, not the waves themselves, and they land on the ground if you're outside the immediate danger zone. assuming society's still in such a state that it's possible, you can reduce the intensity and lifespan of dangerous radiation by like 80% just by turning the top soil, but that'd require either machinery or a large group of workers (ideally with NBC protection) working over a wide area.
Yeah I know, most people actually think nuclear weapons and the subsequent fallout is way more deadlier that it really is, and governments tend to let them believe this, because this tends to suit them. When you consider over a thousand detonations were made on the Nevada and New Mexico testing grounds, and people are living there perfectly normally to this day, it puts them a little more into perspective.
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2024-06-19 at 10:17 PM UTC
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2024-06-20 at 12:25 AM UTC
Originally posted by ner vegas there's not much really solid information on this especially considering how many different types of nuclear weapons there are with different levels of radiation persistence.
generally speaking though the most dangerous radioactive materials are particles, not the waves themselves, and they land on the ground if you're outside the immediate danger zone. assuming society's still in such a state that it's possible, you can reduce the intensity and lifespan of dangerous radiation by like 80% just by turning the top soil, but that'd require either machinery or a large group of workers (ideally with NBC protection) working over a wide area.
Yeah someone told me that Russia upped its game with some kind of bomb-making radioactive material that lasts like 2-3 months if not longer. really poisonous shit.
that being said a large Tsar Bomba left little radiation threat and stayed up in the troposphere for over a year. already depleted when it rained down.. at least to "safe levels" but of course, it seems Cancer rates and have shot up since the 1950s or so. -
2024-06-20 at 12:26 AM UTC
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2024-06-20 at 1:20 PM UTC
Originally posted by Obbe Can't kill what isn't alive.
kill
1
[ kil ]
Phonetic (Standard)
IPA
verb (used with object)
to deprive of life in any manner; cause the death of; slay.
Synonyms: assassinate, garrote, strangle, guillotine, behead, electrocute, hang, butcher, massacre, slaughter
to destroy; extinguish; do away with:
His response killed our hopes.
to destroy or neutralize the active qualities of:
to kill an odor.
to spoil the effect of:
His extra brushwork killed the painting.
to cause (time) to be consumed with seeming rapidity or with a minimum of boredom, especially by engaging in some easy activity or amusement of passing interest:
I had to kill three hours before plane time.
to spend (time) unprofitably:
He killed ten good years on that job.
Informal. to overcome completely or with irresistible effect:
That comedian kills me.
to muffle or deaden:
This carpet kills the sound of footsteps.
Informal. to cause distress or discomfort to:
These new shoes are killing me.
Informal. to tire completely; exhaust:
The long hike killed us.
Informal. to consume completely:
They killed a bottle of bourbon between them.
to cancel publication of (a word, paragraph, item, etc.), especially after it has been set in type.
to defeat or veto (a legislative bill, etc.).
Electricity. to render (a circuit) dead.
to stop the operation of (machinery, engines, etc.):
He killed the motor and the car stopped.
Tennis. to hit (a ball) with such force that its return is impossible.
Metallurgy.
to deoxidize (steel) before teeming into an ingot mold.
to eliminate springiness from (wire or the like).
to cold-roll (sheet metal) after final heat treatment in order to eliminate distortion.
Ice Hockey. to prevent the opposing team from scoring in the course of (a penalty being served by a teammate or teammates).
Stay in school kid -
2024-06-20 at 1:26 PM UTC
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2024-06-20 at 2:16 PM UTCas soon as I get paid i'm buying more BTC and maybe even some BTCv
proof crypto is turing complete
https://opensea.io/assets/ethereum/0x2672772bd99ea229ce87cb7b169aa95d2e36e2dc/0
Originally posted by totse2118 If you don't know what "turing complete" means, it's basically a computer. This "money" this means of exchange is turing complete which makes this smart money. People don't realize how powerful this kind of technology could be, it's the difference between using an abacus and a computer. The abacus is central banking and fiat currency, bitcoin is computers.
but yeah the ethereum virtual machine look that up it's turing complete, lots of shit coins and crappy technology out there but also legit real future tech
https://opensea.io/assets/ethereum/0x2672772bd99ea229ce87cb7b169aa95d2e36e2dc/0
^ this game is running off a virtual machine that exists within the code of a blockchain it's not reading code from a page or a server it's loading the assets from a distributed peer network on a ledger it's like p2p networking on crack -
2024-06-20 at 2:21 PM UTCVitalik Buterin is a real life genius, possibly the smartest man alive and saw all of this as soon as Bitcoin existed he knew exactly what banks would do and he did it 100 years before they ever had the chance and made it impossible for them to control this technology by making it free and open for every human going forward in history.
He is cited thousands of times in real literature for cryptography and math
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2024-06-20 at 9:48 PM UTC
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2024-06-20 at 10:19 PM UTC
