The baby is my best friend because he appears to believe me when I say the controller lag in Madden 26 is why I’m bad now
Editor-in-chief of The Verge, host of Decoder, cohost of The Vergecast. I am in love with spectacle.
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The baby is my best friend because he appears to believe me when I say the controller lag in Madden 26 is why I’m bad now
So nowhere
Hey how is that process to revoke and reissue bitcoin going
Wait the value of the thing in dollars is not relevant to me saying it’s only relevant because of dollars????
a price listed in a currency you cannot actually pay in is somewhat irrelevant, no
As I keep saying this argument is a bet on the collapse of the United States, which, fine! But that still is a bet premised on current relevance of the dollar
And the value is measured in…
You don’t spend the bitcoin because its value in dollars keeps going up!
I am saying btc’s relevance to regular people is entirely because of its value in dollars, a functional and useful currency. That’s it!
I have made no contention other than the obvious fact that people only care about bitcoin because of dollars!
And hey what are the top 10 assets measured in again
Okay let me know when the governance process revoke btc is agreed upon
Sure just let me know when all the goods and services you buy prefer to be paid for in btc
The only thing I keep saying is that people only care about bitcoin because of dollars! The idea that the protocol will eventually be changed to mine more coins was a response to that! And so far all your arguments require the dollar to fail
I fear these movies have done irredeemable damage to the first book
Also you went from “there are no problems” back to “these problems have easy solutions” pretty fast my friend
Right it just involves changing the code to further subdivide units which will be easy, got it
“Rework the code to mine more bitcoin” is easily solved, got it
Saying there are solutions to problems for others to implement in the future does not negate the existence of the problems!
Yes you have patiently argued other people can fix the problems when we are all dead
It would be more than a day just because of prep work but yes I would do that
The British Empire somewhat famously collapsed
So you are betting on the collapse of the United States
The dollar is the world’s reserve currency, so yes
Eeeeee
“The scientists never thought to ask if they should,” I whisper-hiss at the next generation
Switching the nursery lullaby music to the Jurassic Park theme to instill an early respect for chaos theory in the baby youtu.be/HhjPiwhX_i4?...
People only care about gold because of dollars!
Also the non dollar case for bitcoin requires the collapse of the United States which is a pretty big bet on mass death
He actually made the same argument
The White House says Trump’s visible bruises are nothing to worry about. Dr. Jonathan Reiner tells me that “is not a plausible explanation.” Why is the press silent on Trump’s obvious health issues? My latest for @status.news www.status.news/p/trump-heal...
Also both values in that Fed chart are measured in… dollars! But you knew that
It doesn’t matter because all of us will be dead. And every generation dying increases the amount of loss unless btc is stored by centralized custodians which, well, you know
I am saying, over and over, from the very first post in this conversation, that people only care about bitcoin because of dollars. In years of conversation about it, every argument returns to its value measured in dollars.
And by your own admission most buying is denominated in
It is more probable that bitcoin goes to 0 because supply can only ever go down which will eventually make it useless. One person owning the last bitcoin is not a functional currency!
And the buying power is measured in
No answer my question: if tomorrow bitcoin falls for $0 will you still be wealthy?
Sure are you still wealthy if all your bitcoin is worth $0 tomorrow
Tech companies spending hundreds of millions to hire individual AI PhDs with the revenue they collected distributing endless medical and climate science misinformation is really just something else
Sure but the reality is that virtually btc transactions occur on centralized exchanges today and they will happily act like banks in exchange for the right to exist, and most people will trade absolute freedom for convenience and security just as they do with cash and banks today
Just seeing if any of the arguments have improved since this Decoder www.theverge.com/22367951/bit...
Maybe but that is like the ultimate example of bitcoin’s relevance being linked directly to dollars!
Oh sure but the chance that btc overtakes the dollar without sophisticated financial systems in place that serve custodial and compliance functions is already 0
Yes but at the end of the day the total number of btc will trend to 0 and division will have to occur so often and at such scale as to mimic the creation of new currency
I think you are going to find that most bank-like things behave like banks, and will comply with the gov. Just like those owners forfeited their currency
The government, right this second, has a strategic crypto reserve that consists of seized bitcoin!
Think about it this way: can you create an infinite amount of usable currency out of btc by dividing it forever even as the total fixed amount goes down due to loss and abandonment?
Go run the survey and report back
Sure pay your mortgage in that
They will certainly have those capabilities if the government insists upon it. In fact many do now!
Nobody cares about him. They care about numbers going up… measured in dollars
There isn’t a big, there is just the simple fact that people only care about it because of dollars
Let me know when people care about it for some reason other than value in dollars!
Except it is always denominated in dollars
Listening to a podcast where a well known tech world wannabe fascist calls journalism "nonconsensual invasion of privacy for profit" and thinks that's clever and my goodness does that reveal a lot of how completely brain wormed a bunch of these guys are once they faced a tiny bit of criticism.
You can infinitely divide bitcoin into many more fractional units - there were not sats at the beginning. And vastly increasing the amount of usable currency causes… inflation!
Oh I’m sure they will just end up calling the wallet companies anyway
The real prize of using two quadrillion sats instead of dollars
My dude this entire thread is a reply to the most powerful person in the world being called the crypto president what on earth are you talking about
Pretty sure people only care about it because of dollars
I will be and it won’t because after all this time it still has not
Again, let me know when this happens
You let me know when this happens
Okay why did you immediately tell me how many dollars it’s worth
Sadly it’s just a store of value denominated in dollars
You can turn one bitcoin into 100 million sats and then increase the purchasing power of those sats to the original level of the bitcoin, sure. Now you have created vastly more currency. Pizza is real, bitcoin is just a mass delusion like all money
The state’s monopoly on violence famously has an important deterrence effect!
Sure it is. People only care about bitcoin because it’s worth a lot of dollars!
Notably not the question I asked
If you could take one pizza and cut it into two quadrillion pieces of pizza with the same caloric value you probably would be doing okay on hunger yeah
By arresting them
If each slice of pizza keeps increasing in buying power you sure do
I regret to inform you governments can still make payment processors follow their laws in bitcoin
Okay so if the number of bitcoin will always go down because of loss and abandonment, and the solution is forever subdividing bitcoin to the extent there are already two quadrillion one hundred trillion satoshis… well my friend you are staring at inflation
Can anyone ever really know Aristotle
Hey how many sats are there
This is just some woo woo nonsense you made up lol, you might as well be selling crystals and supplements
I see and the power to run all that will be paid for in…
The answer is infinity! And if transactions get made in sats… there will always be more sats, and inflation will occur
What is there to get other than it’s worth a lot of dollars and dollars buy freedom
Every single one of those things ultimately denominated in dollars!
is it a good idea to spend a bitcoin, and if not, why not
Sure. How many sats are there
This 2024 article from @reckless.bsky.social continues to be our sadly accurate reality. www.theverge.com/24282022/kam...
Great moments in wireless comms from just this last June as Dish Network gives up this ridiculous, costly charade
Over at The Verge I wrote about how the Trump administration destroyed U.S. wireless competition, using a disastrous (and now doomed) plan that involved Dish Network as cover:
I’m just saying you only care about bitcoin because it’s worth a lot of dollars!
Right! You can only express its value in dollars. People only care about bitcoin because of dollars!
Bitcoin suffers infinite inflation as well!
Try to imagine a world in which bitcoin has a non-dollar value
Sure but freedom doesn’t have units
The SNL “more cowbell” skit is the cultural foundation of the TikTok era debate me
It’s an excel file called blockchain.xls
Permanent reminder that the only reason anyone cares about Bitcoin is dollars
Finally a use for… wait, still not it
If you’re hitting the paywall that frequently it means you are reading enough to get value from a subscription!
Also: this fuckin’ guy! There is/was a huge amount of research into the number of carriers sufficient to preserve meaningful price competition… which is why Trump 1 insisted on Dish being the fourth carrier. WHAT A DUMMY
Dish Network promising to build a fourth network to preserve competition was a signature deal of Trump 1 industrial policy - the deal was brokered by the DOJ. And now, nothing but lost jobs and higher prices, because that is the only result of telecom mergers.
What a fucking farce www.theverge.com/report/76603...