this post was submitted on 28 Feb 2024
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Bωockchain
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bwockchain is not a technology of the future, buttcoin is a scam.
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What you wrote is factually incorrect. You don't know what you are taking about.
And you say I'm smoking something lol? Your emotions have taken hold of any reason and you attack me with some childish insults? You are embarrassing.
Compute power doesn't increase with the size of the ledger, not enough to matter, but with the amount of miners doing the computing and amount of transactions needing to be confirmed. And none of those need to increase, especially since there are L2 options available and because normal bitcoin transactions are not meant to have the highest number of transactions.
Your claim is ludicrous, especially since miners would not be incentivised to burn some infinite amount of electricity, because they would need to pay for it and bitcoin mining rewards are halved every so many blocks.
You. Don't. Know. What. You. Are. Taking. About.
Please. Stop.
Nothing I've said is factually incorrect. It is all based in reality and although some nuance is lost as I'm not going to dedicate research paper level time to trying to get you to come to your senses, the overall ideas are backed by factual information.
I'm not attacking you, I'm engaging in a meaningless argument with a meaningless person to kill time. As far as the insults go, I believe the first was hurled from you referring to me sounding like a derogatory term? Maybe get yourself checked if you can't take what you dish Mr mad bro. 😂
I'm not sure once again what you're smoking but damn I want some. The cognitive disconnect is insane. You can feel free to look up whatever you'd like to provide alternative viewpoints in this regard but you cannot change the simple reality that bitcoin will eat it's own tail in runaway compute and electricity costs; it already has. Layering on more efficient transactional networks won't change that. You can bundle transactions and go through L2, hell you can wrap the coin and go through an entire other network, but the underlying network will die to its runaway unsustainability the moment new user growth ceases to outpace costs. It's a mall cafeteria inside a Ponzi castle built on Ponzi sand. The aroma of legitimatcy and desire disguising tax write offs and fraudulent accounting.
Oh and yeah, they wouldn't burn an infinite amount would they. They'd just... Stop mining it as the costs would be too high for any reasonable person to want to pay transact fees on the network. That's certainly different than the coin dying.
If I don't know what I'm talking about, at least I know as much as you. 😂🤷♂️
What you said is literally wrong, incorrect, false. Don't believe me, read it somewhere else.
Bye.
Nope! But good luck with your delusional self. Hope it goes poorly for you.