Jameson Lopp @lopp@lopp.social

@TomSwirly
You continue displaying your own ignorance by believing that the transaction throughput is limited by the base layer.

@TomSwirly
Ha, protocols aren't companies. They get adopted at their own pace. Email and TCP/IP took decades to go mainstream.

This is a marathon, not a sprint. Bitcoin will still be here 10 years from now and plenty of haters will still be whining about the fact that it's operational. 🙂

@wackJackle
You're welcome, enjoy your ignorance!

@muratk5n @gerrymcgovern @briankrebs

Bitcoin being an energy hog has been working quite well for Bitcoin.

As for your Keynesian arguments, we could debate different schools of monetary theory ad infinitum. Time will tell as the experiment plays out.

@TomSwirly Calling a completely open and transparent community-driven project a "grift, con, and scam" is, of course, rude to those who dedicate their lives contributing to it, as you are perfectly well aware.

@wackJackle
It's but one of many components of Bitcoin's security model. https://blog.lopp.net/bitcoins-security-model-a-deep-dive/
@gerrymcgovern @briankrebs

@TomSwirly
My machine, my rules. Those who are offput by my words are free to block me but they are not free to censor me.

Rudeness is subjective; only the most delicate of snowflakes would consider my original reply to be rude.

@TomSwirly
"The only use cases are crime and speculation" betrays the blindness imposed by your financial privilege. https://bitcoinmagazine.com/culture/check-your-financial-privilege
@gerrymcgovern @briankrebs

@jcorgan Nostr is making good advancements; there are even services that make it easy to run your own relay. Nostr is by far my favorite social network these days.

A butthurt mastodon.online user reported one of my toots that refuted a claim that Bitcoin is a scam.

But here's the thing: I'm a sovereign Mastodon user. I administer my own server (lopp.social).

After a thorough investigation I have determined that I followed my own rules! 🤣

@nickchuckwalter
Sometimes, yeah. Sometimes when I tap on a toot, it doesn't load the replies. It's hit or miss, not sure why.

I've been running my own private Mastodon instance for over a year now, and I will say that it's quite reliable. Haven't had a single instance of unplanned downtime, nor have I spent any time on server maintenance!

@gerrymcgovern @briankrebs
Bitcoin's energy consumption doesn't make it a grift, con, or scam. Bitcoin is an incredibly transparent system with regard to how it operates.

All you're really saying is that you don't value the utility offered by the system and thus you consider the energy expenditure a waste. However, your whining won't change the incentives at play: Bitcoin as a system pays for its own thermodynamic security.

@molly0xfff
Cherry picking is fun! Do anyone who bought before 2021!