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1. ælena mxaffee (cobaltvelvet@octodon.social)'s status on Thursday, 02-Mar-2023 05:25:27 JST ælena mxaffee

   it is deeply fascinating how bitcoin bros get so easily sold on the idea that shit 'on the blockchain' is moved to a whole new plane of existence beyond any meaningful concept of 'decentralisation'

   • ælena mxaffee (cobaltvelvet@octodon.social)'s status on Thursday, 02-Mar-2023 05:25:21 JST ælena mxaffee

     in reply to

     proof of work and proof of stake both, along with all the blockchain nonsense, instead of decentralisation, are a recentralization around capital, in a way that the centralised web couldn't achieve on its own because it was still dependent on fundamentally distributed early-web tech

   • ælena mxaffee (cobaltvelvet@octodon.social)'s status on Thursday, 02-Mar-2023 05:25:22 JST ælena mxaffee

     in reply to

     comparatively to those, bitcoin has a funny quirk of progressively demanding higher power, meaning that in any catastrophic event (or just contemplating its power consumption) it's completely fucked. they love to dream of post-apocalyptic blockchain but no blockchain can survive even a mild computing power reduction

     Adrian Cochrane repeated this.
   • ælena mxaffee (cobaltvelvet@octodon.social)'s status on Thursday, 02-Mar-2023 05:25:24 JST ælena mxaffee

     in reply to

     people have been experimenting and practicing this kind of 'ultimate' decentralisation for decades before bitcoin. i mean here cases where data is spread and in a way that you cannot know where it phisically is, which is not even what bitcoin or subsequent blockchain do. it works terrifyingly well, and it's still somebody else's computer, but at least admitting that the computers are common to be shared

   • ælena mxaffee (cobaltvelvet@octodon.social)'s status on Thursday, 02-Mar-2023 05:25:25 JST ælena mxaffee

     in reply to

     there's something pretty spiritual in this, even. with enough obfuscation your software reaches heaven

   • ælena mxaffee (cobaltvelvet@octodon.social)'s status on Thursday, 02-Mar-2023 05:25:26 JST ælena mxaffee

     in reply to

     oh just put the supply chain on the blockchain and it won't be vulnerable to physical issues anymore. oh no you can't hack it it's on the blockchain. no this economy can't crash there's math that i don't understand trust me bro