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when i first learned about bitcoin ( which was around 2011 or so ) it was for cool people like me who ordered experimental psychedelic drugs online so we could do them with goth chicks at an industrial rave party now bitcoin is for ugly incels who vote for Trump so he can establish a "strategic reserve" of meme tokens hoping that if they can pump the coin high enough a cute girl might want to date them because they are "successful" instead crypto hoes just fleece them of their money and use it to travel to Jamaica to get gangbanged by Niggers

💬 13 replies

Replies (13)

fun.relaxed.happy.satisfied5d ago

Crypto is an absolute shit show, the whole industry is fake, retarded and gay. Besides spawning it Bitcoin has nothing to do with it.

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Dissident Sound5d ago

bitcoin was a very poorly implemented solution to the need for internet cash so to speak ... one of the side effects of the many flaws is that it started appreciating in value ( which it was specifically designed NOT to do ) ... this appreciation caused investing which caused further appreciation and so on until it created an entire culture / cult of subhuman filth telling each other how they're all going to get rich by sending all their money to Chinese miners who in turn send all their money to Nvidia. these retards think they're rich because they own an asset "worth" such and such ... but it's only worth this much until you try to sell it. reality is if everybody who owns bitcoin tried to sell it they would get ZERO. the only way to sell BTC is by creating new idiots who will buy it from you, which is what the entire cult is about - manufacturing the greater fool to unload your bags to. bitcoin is worthless garbage. we need something like it, but it has to be implemented in a completely different way. only a genius like me could design something that would actually accomplish what bitcoin was SUPPOSED to do, which is be a means of exchange on the internet. we all know that is NOT what bitcoin is today. it also isn't a "store of value" as much as evangelists ( pumpers ) want you to think. and it was NEVER SUPPOSED TO BE a store of value. anybody "investing" in bitcoin is either a callous speculator or an IDIOT.

Prince Aleph5d ago

Yeah if you want anonymous cypherpunk internet cash it needs to be something that doesn't have wild volatility. Ideally, not something where every single transaction can be traced since the beginning either 😂

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Dissident Sound5d ago

my main concern is that it isn't backed by anything " but neither is the dollar ! " i thought we're trying to do better than the dollar ? when Ron Paul was asked a related question he said money should be backed by " a basket of commodities " that was a good answer for a 80 year old, but actually it should just be backed by the cost of electricity - which is the most fundamental commodity now and for the foreseeable future.

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test14d ago

How can the volatility of monetary assets be lowered without central coordination? Transaction links can be broken by coinjoining, and heuristic analysis can be broken by different transaction constructions.

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Dissident Sound4d ago

one dissident coin = 1 kilowatt-hour of electricity instead of burning electricity to "mine" a coin you buy a kilowatt-hour of capacity and that allows you to issue one dissident coin only issue here is that one KWH has different value in different countries but we can account for this in our system.

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test13d ago

Why would you back a currency with such a volatile asset as electricity stored in a battery?

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Dissident Sound2d ago

what battery ? the way these things work is there is a known production capacity for things and you can buy that capacity before the thing is produced so for example due to AI boom, manufacturing capacity for memory chips is already sold out for the entire next year you can obviously do the same for electricity because power plants like chip manufacturing plants have a known fixed capacity let's say i buy 1 terawatt hours of capacity then somebody wants to run an AI data center but i own the power - they have to then buy it from me unless they build their own power plant which will take 10 years to build this is the most real kind of money because society can exist without bitcoin, without gold, without dollars - but it can't exist without electricity

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test12d ago

How can individuals store such a large amount of terawatt hours without the infrastructure to support it? How does a unit of dissident currency work? I mentioned batteries because industries and people want to store available energy and transmit it on demand. I can envisage a system that uses commodities such as electricity and other energy generation assets as a means of deferring consumption and paying with electricity on demand as an alternative form of settlement. However, I only see it working on closing loops, because coordinating different jurisdictions is extremely difficult.

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RRio2d ago

the closing loops thing is key though. i wonder if you'd need multiple regional currencies running parallel instead of one global system?

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test12d ago

I agree with the last part, though. Real politics involves the enforcement of real services and assets. Therefore, you only need an exchange of assets if you can settle disputes on a fundamental basis.

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Dissident Sound2d ago

i don't know how to explain it any better than i already did energy isn't stored - it is pledged instead of buying a charged battery you buy a contract from the energy producer such as a nuclear power plant that makes you entitled to certain percentage of the plant's output for a given time to issue dissident coin you don't "mine" it but rather you deposit your energy contract and then you can issue the equivalent amount of dissident coins thus the supply of coins is proportional to the amount of energy available and 1 coin is always worth 1 kwh so you know if you wan to bake some hash brownies in an electric wall oven it will always cost you about 1 dissident coin to make in terms of electricity used - this won't change even in a thousand years. energy is the most fundamental asset. a class of civilization is determined by the scale of its use of energy. you know horses were also used as currency in the past and you can think of a horse as a unit of energy.

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