Notices by :spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital), page 2
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:52:28 JST :spinnenrad: Eiregoat :spinnenrad:
This sounds like a cool sci-fi novel but what does it have to do with anything up until this comment? -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:50:40 JST :spinnenrad: Eiregoat :spinnenrad:
Doesn't matter. They had multi-million dollar budgets and the full power of the courts. They smacked down a few people with unimaginable damages and everyone else just carried on as normal. It didn't work.
And guns/media absolutely affect their power model. Why do you think they are going so hard after both? -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:47:09 JST :spinnenrad: Eiregoat :spinnenrad:
> Since their dream is a Digital Currency where every penny is tracked
Scroll up. They already had that.
> The actual ledger that comprises Bitcoin could be run on a Raspberry Pi, no problem.
If no one else were doing it on more powerful hardware then yes. People used to mine bitcoin on old laptops.
> The obscene computing power of miners is simply applied to solving a random mathematical puzzle to determine who will get the award for doing the trivial task of adding transactions to the ledger.
It's about doing it faster than anyone else. Adding transaction to the ledger is the random mathematical puzzle. They're not separate. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:47:08 JST :spinnenrad: Eiregoat :spinnenrad:
No. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:47:07 JST :spinnenrad: Eiregoat :spinnenrad:
It's nice to see I agree with chatGPT.
Strawman still rejected btw. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:47:06 JST :spinnenrad: Eiregoat :spinnenrad:
It said the ledger is separate from the task (which it is).
The process of adding to the ledger is an inherent part of the mathematical puzzle.
I'm beginning to get the impression you don't know what you're talking about. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:47:05 JST :spinnenrad: Eiregoat :spinnenrad:
> It literally says that it is not in the grok answer.
Nope
> where it says you are completely WRONG about the ledger being part of the puzzle
That's not what I said. That is a strawman you made up.
What I said is that verifying the transactions is part of the puzzle. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:46:18 JST :spinnenrad: Eiregoat :spinnenrad:
How'd that work out for copyright infringement? Or guns?
It works sometimes for some things people either are powerless to stop or don't really care about.
They've made plenty of examples when it comes to crypto but it doesn't seem to have stopped anyone. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:40:52 JST :spinnenrad: Eiregoat :spinnenrad:
You're retreating into case law while avoiding the point.
They don't have the manpower to do this to everyone. And even if they did it to one or another person it wouldn't necessarily get them what they want.
I can store private keys in my head and they can never prove that they're there, let alone force me to divulge them. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:38:15 JST :spinnenrad: Eiregoat :spinnenrad:
No I don't. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:38:14 JST :spinnenrad: Eiregoat :spinnenrad:
Again, they don't have the power required to enforce that on a global scale.
Domestic miners would shut down since mining the zogfork would be unprofitable. Foreign miners wouldn't comply. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:37:44 JST :spinnenrad: Eiregoat :spinnenrad:
And? -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:33:51 JST :spinnenrad: Eiregoat :spinnenrad:
Yeah... good luck with that.
If they could actually achieve that then they'd have confiscated everyone's guns long ago. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:33:50 JST :spinnenrad: Eiregoat :spinnenrad:
All I have to do to protect my crypto is memorise 12 words. That's it.
According to you, in order for them to shut down crypto they have to confiscate everyone's computers across the entire nation.
Like I said, if they thought they could actually get away with doing it they would have already done it with guns. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:22:55 JST :spinnenrad: Eiregoat :spinnenrad:
They replaced the bitmetallic standard precisely because they didn't control it. No matter what they did they couldn't print extra gold, no matter how much they owned. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:22:53 JST :spinnenrad: Eiregoat :spinnenrad:
> Do you appreciate what happened to gold in America in 1933?
When they seized it from everyone's bank accounts you mean?
> Bitcoin isn't the safe haven you think it is
Not if you keep it on an exchange. They have no mechanism to seize it from my wallet though. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:14:25 JST :spinnenrad: Eiregoat :spinnenrad:
And?
Edit: Also, pretty sure they aren't. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:14:07 JST :spinnenrad: Eiregoat :spinnenrad:
The dollar is the reserve currency because:
1. The US government has been historically trusted not to inflate it too hard
2. They've been trusted to either crush or embargo anyone breaking their monopoly
Right now both are looking shaky. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:12:11 JST :spinnenrad: Eiregoat :spinnenrad:
Yes. More specifically everyone benefitting from sticking to it.
So far it's worked pretty well. By contrast "in god we trust" has worked out terribly. Turns out god isn't really bothered to enforce the US constitution on the federal reserve. -
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:spinnenrad: Eiregoat :spinnenrad: (eiregoat@nicecrew.digital)'s status on Wednesday, 19-Mar-2025 18:10:42 JST :spinnenrad: Eiregoat :spinnenrad:
A blockchain is not defined solely by transactions being verified in batches.