Murtaza Hussain
@mazmhussain
I support the existence of Bitcoin as a limited opt-out from the existing financial system but one thing I do not understand is the idea that it could serve as some kind of post-apocalyptic currency amid a general social collapse. The Proof-of-Work is famously energy intensive and requires gigantic industrial infrastructure to operate, not to mention the significant physical infrastructure of the internet itself to keep the system operating. So if our current mode of government and business somehow implodes who is going to provide and maintain all that? Especially for younger people the idea that Bitcoin is real and going to stick around is already culturally ingrained so as I've said before its unlikely to go anywhere soon. But I actually see it as thoroughly part of our current system rather than a forerunner of some kind of revolution. If this system collapses, indulgently expensive manifestations of it like Bitcoin will go with it too.
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adnum
@adnum
It has all the potential to be anything we want it to be. At the core it is a secure ledger. As the hash rate diminishes so the dificulty to mine decreases. As low as to be mined with bitaxes. The blocks are smaller than the original fork thus it can use alternate means of communication. If the internet (tcp/ip) fails it can use LORA or satellite. Starlink on its own can provide enought coms to let the network survive. The fundamental idea was that every computer could mine it. And in my opinion everybody interested in crypto should have a miner and an eth node (forgetting the 32eth).
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