5 ms·

What year is it?

OJFord 2y ago
Maybe they heard Masayoshi Son's on the lookout for his next big play..
mandmandam 2y ago
Right? I'm really not sure there has ever been such insane hype around such outdated technology. The tech for zero mining, zero fee, sub second transfer, and 'quantum resistant' decentralized transfer has been around for like 8 years. This is like building a whale-oil station next to a solar farm. The fuck you doing Sony?
- TheDudeMan 2y ago
  Bitcoin's strength is censorship-resistance.
  - mandmandam 2y ago
    In what way do you think BTC has an advantage over any other cryptocurrency in this regard?
    - TheDudeMan 2y ago
      Most cryptocurrencies are controlled by a small number of insiders. Bitcoin's high level of decentralization makes this not the case. Although the increasing centralization of mining, mining pools, and mining hardware is becoming a concern.
      - Yizahi 2y ago
        So you are saying that literally garbage features like Runes and Ordinals were introduced in the codebase by some voting or other democratic decentralized process? Or was it done by some small cartel of people controlling this system?
        TheDudeMan 2y ago
        Those are unfortunate, IMO. But miners would support those because they increase transaction fee revenue. Hopefully they'll get priced-out of the fee marketplace eventually, either by the network getting more legitimate use (moving money instead of creating NFTs) or by people losing interest in NFTs.
  - 0xcde4c3db 2y ago
    The foremost thing about Bitcoin that is censorship-resistant is the ledger itself, which is a boon to anyone interested in tracking transactions.
    - TheDudeMan 2y ago
      Yes, it is a public ledger. This ensures that no inflation is occurring (other than the expected decreasing miner subsidy).
      - 0xcde4c3db 2y ago
        It also ensures a rich source of data for those who are interested in punishing publishers of wrongthink (aka "censors"). I'm not sure what inflation has to do with censorship.
- DaoVeles 2y ago
  Being Sony. Unfortunately, the Sony of the 1960-2000's seems to long gone now. Apart from Playstation and their headphones, they just don't have the mind share or innovative spark any more. And even Playstation is starting to a look a little odd as they have continued to moved exclusives over the PC. Maybe their movie businesses are still doing well?

What year is it?

Maybe they heard Masayoshi Son's on the lookout for his next big play..

Right? I'm really not sure there has ever been such insane hype around such outdated technology. The tech for zero mining, zero fee, sub second transfer, and 'quantum resistant' decentralized transfer has been around for like 8 years. This is like building a whale-oil station next to a solar farm. The fuck you doing Sony?

TheDudeMan 2y ago
Bitcoin's strength is censorship-resistance.
- mandmandam 2y ago
  In what way do you think BTC has an advantage over any other cryptocurrency in this regard?
  - TheDudeMan 2y ago
    Most cryptocurrencies are controlled by a small number of insiders. Bitcoin's high level of decentralization makes this not the case. Although the increasing centralization of mining, mining pools, and mining hardware is becoming a concern.
    - Yizahi 2y ago
      So you are saying that literally garbage features like Runes and Ordinals were introduced in the codebase by some voting or other democratic decentralized process? Or was it done by some small cartel of people controlling this system?
      - TheDudeMan 2y ago
        Those are unfortunate, IMO. But miners would support those because they increase transaction fee revenue. Hopefully they'll get priced-out of the fee marketplace eventually, either by the network getting more legitimate use (moving money instead of creating NFTs) or by people losing interest in NFTs.
- 0xcde4c3db 2y ago
  The foremost thing about Bitcoin that is censorship-resistant is the ledger itself, which is a boon to anyone interested in tracking transactions.
  - TheDudeMan 2y ago
    Yes, it is a public ledger. This ensures that no inflation is occurring (other than the expected decreasing miner subsidy).
    - 0xcde4c3db 2y ago
      It also ensures a rich source of data for those who are interested in punishing publishers of wrongthink (aka "censors"). I'm not sure what inflation has to do with censorship.
DaoVeles 2y ago
Being Sony. Unfortunately, the Sony of the 1960-2000's seems to long gone now. Apart from Playstation and their headphones, they just don't have the mind share or innovative spark any more. And even Playstation is starting to a look a little odd as they have continued to moved exclusives over the PC. Maybe their movie businesses are still doing well?