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"..the more you hold it, the more you’re contributing to increasing its value, the more mining rewards are being handed out, the more electricity’s being wasted on mining.”
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the claim about the source of bitcoin's high price is really questionable. it seems maybe intuitive, but there are more significant pressures on the price than buyer-holders.
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Agreed, I interpreted it as a simple statement of ecological morality, but it's worth keeping track of who confuses stock vs. flow
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I can’t help but feel that Bram is a little late to the party. People have been working on a verity of Proof or stake and proof of space protocols for a while, but also probably won’t take him long to catch up...
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Can we make a bet on this Slava? Perhaps in the form of a non-Turing complete smart contract
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Lol, I mean I’m not doubting his capability, he’s just making it sound like he’s the first person to address this problem, which he def isn’t.
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I think that's probably more the journalist than him. Tho he could also conceivably retort that he built world-spanning P2P while all these Econ 101 jagbag disruptors were in diapers