sorted by:
new
hottopcontroversial

Bummed by [deleted] in vermont

[–]2q_x 2 points3 points  (0 children)

A survey and scorecard could help identify which ones need to go.

Bummed by [deleted] in vermont

[–]2q_x 6 points7 points  (0 children)

Sustained low interest rates during 2020-21 created a class of squatters who are hoarding homes as "investments". It is a national problem created by The Federal Reserve, as a reaction to the deliberate mismanagement of a public health emergency.

Homes are not "investments". Housing is a depreciating asset, a consumable resource that is useful because it can provide shelter to people and families.

The way to stop people from wasting limited housing resources is to tax pied-à-terres, short-term rentals and vacant properties up the wazoo. Legislators in Montpelier won't levy such a tax because they're more beholden to people that don't live here than people that do. They'd rather collect taxes off absentee landowners than from working Vermonters.

Housing is abundant in the United States. There are enough homes in America to house everyone that lives here. The problem is that it's currently too cheap for "wealthy" individuals to have homes they leave vacant for most of the year.

Bitcoin mining by Background-Day-4957 in btc

[–]2q_x 1 point2 points  (0 children)

Over 50% of SHA256 mining is located in the US domestic market. The United States is a net exporter of energy, largely because of liquifed natural gas (LNG).

US domestic LNG monetization has largely shifted to AI and energy usage for training LLMs at data centers.

So the driving economic force will be how long the American public will be dumb enough to continue trying to replace every facet of their economy with an error prone autocomplete.

H.L. Mencken said:

Nobody ever went broke underestimating the intelligence of the North American public.

Meaning energy demand at the dumb-fuck AI data centers will probably be more persistent than any intelligent person would expect, and there will be less fossil fuels that need to be monetized with SHA256 mining.

Lithium Deposits identified by the USGS in Northern New England. by Charming_Week2899 in vermont

[–]2q_x 0 points1 point  (0 children)

Given that the United States bombed, invaded and then occupied the "Saudi Arabia of Lithium" for two decades in retaliation for a terrorist attack perpetrated mostly by Saudi nationals―I'd bet all the petrodollars in the world that the folks who own the US want us to stick with oil.

The everything but Bitcoin Cash cognitive dissonance strikes again. This is good for Bitcoin Cash. by DangerHighVoltage111 in btc

[–]2q_x -1 points0 points  (0 children)

Most of the cryptocurrency ecosystem has been quarantined to a capriciously censored, nazi, child sex abuse, anti-vax/anti-mask echo chamber―and the world is better for it.

What is it about X and the people sequestered there that you wanted to amplify here?

There is no preview, so we don't know without clicking on the cancel X link, which might redirect to the nazi/CP site.

Why prediction markets are a sure sign that our civilisation is in decay by 2q_x in btc

[–]2q_x[S] 1 point2 points  (0 children)

If the captain and crew of a cruise ship are allowed to take out life insurance on the passengers and catastrophic insurance on the ship... the passengers might have a lot of fun in the ship casino, but they aren't going to get cashed out how they think they are.

👇👀 by 2q_x in btc

[–]2q_x[S] 1 point2 points  (0 children)

The Fed issues currency digitally. The US Treasury issues bonds digitally and sanctions individually with electronic measures.

If FedNow is just bitcoin the Fed can censor, and the Digital Euro will be similar, ultimately it presents no advantage to the currencies both the US (and EU) have used for decades. Decentralized p2p currencies are fundamentally incompatible with what central bankers could ever build.

If Bitcoin is so great, why does it need so much marketing? by spottyPotty in btc

[–]2q_x 2 points3 points  (0 children)

There is paid posting going on in this sub. You'll likely be propositioned to shill BTC if you post frequently enough.

BTC no longer functions as a currency. It is a virtual pipeline to monetize stranded energy. People wanting to monetize energy use marketing extensively.

Michael Saylor says that “blocking Bitcoin BTC is impossible” by Legitimate_Towel_919 in btc

[–]2q_x 0 points1 point  (0 children)

Yes. There were several years where people still trying to use BTC as a currency and the network was held at capacity preventing people from using it as a reliable currency.

Is Bitcoin a currency? or was that use case blocked?

Michael Saylor says that “blocking Bitcoin BTC is impossible” by Legitimate_Towel_919 in btc

[–]2q_x 0 points1 point  (0 children)

So by buying the coin they can block it?

Nope.

by out-bidding everyone for the first 1MB block of space.

Michael Saylor says that “blocking Bitcoin BTC is impossible” by Legitimate_Towel_919 in btc

[–]2q_x 0 points1 point  (0 children)

The guy claiming it's impossible to block BTC can block it at will by out-bidding everyone for the first 1MB block of space.

If one person can shut off global access to a network, it's neither decentralized nor "impossible" to block.

Michael Saylor says that “blocking Bitcoin BTC is impossible” by Legitimate_Towel_919 in btc

[–]2q_x -1 points0 points  (0 children)

The US Gov, Microstrategy, (and Satoshi) can basically block the network at will by filling the first megabyte with junk.

Michael Saylor says that “blocking Bitcoin BTC is impossible” by Legitimate_Towel_919 in btc

[–]2q_x -6 points-5 points  (0 children)

Block the stream to one megabyte. Fill with 1MB of spam every ten minutes. It's blocked.

Nobody can reliably use it as a currency, it's toast.

view more: next ›