1Pbz4e…uFPA

🤔🤔🤔

... is this how twetch started?

The network is fairly and will become moreso centralized over time as well though, as barrier to entry rises to be able to successfully mine blocks. If there is real competition among miners, it should be fine. Monopolization is difficult w/out fiat scam

Good video - thanks!

Never use it. MoneyButton and Twetch each usually work with chrome and firefox, but occassionally have minor issues in each as well.

All dem twetch profits!

If Bernie wins, how long until bsv goes mainstream in usa and destroys socialism permanently?

A: less than two years

Nope. Not really.

How do you know?

Framing mine. For the mantel. True friends don't need invite links to twetch.

Gorgeous! What makes the river yellow? Sulfur?

Can't... commit... inappropriately appropriate twetch... to chain... but want to so badly

Yes... But with bitcoin if all miners stop, then the coin is dead. I can't imagine mining would commence again if that happened to a coin for some significant amont of time. But who knows.

The relatively consistent annualized rate of gold mining referred to by George must include slowdowns, pauses, etc. And includes zero transaction dependency. "Mining" probably won't be the right word once all 21 million bsv are in circulation. Txns only

As for rate of mining blocks vs mining physical gold, there is a key difference that make the comparison inadequate, imo:

• the option to stop mining entirely

Gold mining can stop & transactions can continue with mined gold. Bitcoin mining can't stop.

Agreed. Waves, all waves, are an expression of motion through some medium over time. Current is flow of energy and is a wave. No coincidence that currency has the same root word.

Downgrade for @6.... Or pumping value for next auction for... u/6

Code is not law, but all man-made law is code.

Energy is force applied periodically... over time. Therefore, all money also represents potential energy in abstract, in any form useful to humans. But again, not all energy is money.

But not all human time is spent productively, nor are all products or services valued by others such that they are willing to trade some of their valued time for it.

All money is time, but not all time is money. Money is abstract, trade-able productive and desirable time, because the one thing that all products and services available in the market have in common is human time (and energy).

I need to read his work, but that claim simply can't be true. Even if you attribute European inflation after the Spanish brought massive amounts of new world gold to Europe from pre-mined supply, gold rushes in North America also saw disruptive inflation

Yes, very interesting to me as well and thanks to you, too.

But... 1 block of now arbitrary size, which has no relationship to the total supply of indivisible tokens (i.e. satoshis aka abstract and tradeable time). Gilder wants a fixed price for each satoshi, and a variable supply. Suppose 1 satoshi = 1 minute...

That didn't make sense to me, because of the inherent relationship between time and energy. Simplistically, it takes far less time (and energy) to pick up a sizable gold nugget visible in a mountain stream than it does extracting ore and refining that ore

Even if George was suggesting a price fixed to the most scarce (and precious) resource, time, then it is still dependent on the aggregate supply in the market.

Anyone?

Branching in advance of con troll-branch II