3 ms·

I read that like: "a stone wheel ? man it's not revolutionary at all. It's heavy. And hard to make. It's not practical and currently unusable for real purposes.

I read that like: "a stone wheel ? man it's not revolutionary at all. It's heavy. And hard to make. It's not practical and currently unusable for real purposes." Said by a guy you just witness the historical invention of the wheel.

eternalban 9y ago
Just witnessed? I knew about bitcoin long before you did. I assure you of that. About the wheel. Rolling friction is less than sliding friction... Regrettably that point is probably over your head. +1 for your ad hom.
eternalban 9y ago
point 1: The wheel was, in fact, one of the first instances of a centralized structure replacing an inefficieint distributed structure. The central "hub" of a wheel bears the load and the "edge condition" is the substantially reduced "rolling friction". This is in contrast to ye old "distributed load" way of a zillion poor slaves pulling a load. So as far as the "wheel" goes, VISA is a chariot, and Bitcoin is an army of slaves pulling a wheel-less load. And in fact, the "facts", prove this. Almost 400 KWh per transaction, and that at the feeble rate of 7 tx/sec. That is your "technological wonder". point 2: "Technological wonder[s]" of this time -- now -- are Machine Learning, CRISPR, etc. These are the "inventions" to pay attention to, not a thinly disguised play by private wealth to finally fully take out the national governments from the monetary system loop. That CJW -- Crypto Justice Warriors -- like you fail to see this is the actual "wonder".
- fapjacks 9y ago
  I couldn't not read your post without hearing your every word dripping with seething anger and disappointment. While your post contains information that has lots of merit, I can't help but see the person that typed this reply as a Big Money VP or someone that's either lost a bunch of money "investing" in crypto, or really fucking pissed they didn't hold onto their Bitcoin. But just to preemptively defuse a reply, here's a funny story: I started mining Bitcoin really early, back when CPU mining was the only thing to do. I ended up selling them (a couple thousand) in January of 2012 to put the down payment on my car.

eternalban 9y ago

Just witnessed? I knew about bitcoin long before you did. I assure you of that. About the wheel. Rolling friction is less than sliding friction... Regrettably that point is probably over your head. +1 for your ad hom.

eternalban 9y ago

point 1: The wheel was, in fact, one of the first instances of a centralized structure replacing an inefficieint distributed structure. The central "hub" of a wheel bears the load and the "edge condition" is the substantially reduced "rolling friction". This is in contrast to ye old "distributed load" way of a zillion poor slaves pulling a load. So as far as the "wheel" goes, VISA is a chariot, and Bitcoin is an army of slaves pulling a wheel-less load. And in fact, the "facts", prove this. Almost 400 KWh per transaction, and that at the feeble rate of 7 tx/sec. That is your "technological wonder". point 2: "Technological wonder[s]" of this time -- now -- are Machine Learning, CRISPR, etc. These are the "inventions" to pay attention to, not a thinly disguised play by private wealth to finally fully take out the national governments from the monetary system loop. That CJW -- Crypto Justice Warriors -- like you fail to see this is the actual "wonder".

fapjacks 9y ago
I couldn't not read your post without hearing your every word dripping with seething anger and disappointment. While your post contains information that has lots of merit, I can't help but see the person that typed this reply as a Big Money VP or someone that's either lost a bunch of money "investing" in crypto, or really fucking pissed they didn't hold onto their Bitcoin. But just to preemptively defuse a reply, here's a funny story: I started mining Bitcoin really early, back when CPU mining was the only thing to do. I ended up selling them (a couple thousand) in January of 2012 to put the down payment on my car.