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Joined 1 year ago
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Cake day: July 4th, 2023

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  • Hoback argues

    In any case, says Hoback, the identity of the real Satoshi is a matter of public interest. “This person is potentially on track to become the wealthiest on Earth,” says Hoback. “If countries are considering adopting this in their treasuries or making it legal tender, the idea that there’s potentially this anonymous figure out there who controls one-twentieth of the total supply of digital gold is pretty important.”

    Currently bitcoin or any block chain based currency is more of a grift than financial freedom. However countries like El Salvador have taken it up as official currency, so real lives can be affected by whoever holds that bitcoin stockpile.



  • This is a very insightful comment, thank you. I absolutely agree with most of your points. Though one minor disagreement I’d have: it wasn’t Trump who brought on the waning of US soft power, but US’s failure in Afghanistan/Iraq/Yemen during 2nd Obama term.

    Ultimately the expense in forging the US influence overseas during the Bush era came at the cost of ignoring those back home. Trump capitalized on all that resentment. In fact he still is riding on it. Coinicdentally Its a lesson Modi needs to learn from his recent election result at home too.





  • I don’t think you realize the work involved in integrating a new unreliable power source into the grid. Its a delicate dance to anticipate demand to keep power always available. Having more power than you need is bad for the grid, which is why the costs go negative: power companies want it off the grid ASAP.

    Conventional power stations can stay on all the time & that’s awesome for the grid stability. There is no power gap renewables are filling. So to turn solar on we need to turn off a coal powered plant. If this new source cannot match the reliability it hinders to grid than help. So there’s no question of “turn it off when you don’t need it”.

    We need to turn off fossil fuel power generation for more renewables, sure, but it doesn’t alleviate their problems right now.


  • Ok, but what do you do when you’re short of power at night? Keep in mind to turn on conventional power stations it’s expensive & time consuming. Once they startup they need to stay on for a long while to be efficient & cheap.

    The real solution is to store excess power in batteries. Lithium ion is too expensive to scale, Sodium ion batteries are economically & capacity viable AFAIK.