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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ChrisJBakke
@aihfxcmbvvceqj
Two points, one is Bitcoin can scale up or down so you can have Bitcoin run on much less compute which would be the most likely outcome if suddenly the world's compute was diminished. nnSecond point, it probably won't be possible for Bitcoin to meaningfully survive the apocalypse because the Internet infra/ wireless networks would be fried. It can but it's unlikely. If it did most likely there would be multiple fragmented network that would exist and they would need to be a process to coordinate merging all those forks/ one fork would consolidate at the canonical one.
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