The rate at which new bitcoins enter the economy is controlled. When the processing power of the mining network increases, the difficulty of the mining problem is artificially increased to keep the rate of minting the same. They throw out perfectly good solutions to the problem of creating the next link in the blockchain, to control inflation of bitcoin value.

You’ll also notice the difficulty level for this block. The Bitcoin network aims to produce one block every 10 minutes or so. The system is designed to evaluate and adjust the mining difficulty every 2,016 blocks or roughly every two weeks (based on the number of participants). This doesn’t always result in a block time of 10 minutes, but it’s close.

https://www.investopedia.com/tech/how-does-bitcoin-mining-work/#toc-why-mine-bitcoin

The mining difficulty number represents 2,016 divided by the average time it took to mine one block in the last period, multiplied by the old difficulty level, or:
= Old difficulty x ( 2,016 ÷ average time to mine in the last period )
The lowest difficulty level is 1.0. The higher the number, the more difficult the solution is to find. The difficulty level on Dec. 5, 2024 (measured on December 1) was 102.89 trillion. You might see this published as 102.89T.

They are spending 100 trillion times as many processor cycles on bitcoin mining as is actually required to maintain the network. Every bitcoin transaction could be done at 100 trillionth the current energy cost. The only problem is, it would devalue bitcoins and crash the market like a Venezuelan dollar. So Bitcoin is designed to intentionally flush the energy output of a small country down the toilet to keep itself valuable.

Nah, it’s intentionally energy wasteful in order to control inflation.

Well they made it so you only need one copy of the game to play online with a friend, so it seems their money is where their mouth is.

Yeah, that’s the plot of Batman.

In Israel there is a lot of economic inequality between Semitic Jews and white Jews (Ashkenazim). The semitic Jews are called Mizrahim by Israel, it’s a political term that didn’t exist before the Nakba.

There were Jews in Palestine before the invasion, and they have not been treated as equals to the coloniser Jews. Jew Vs Arab is not the full story of Israel’s racism. Israel is fundamentally antisemitic, whether the semites in question are Jews or Muslims.

What can drag say except, you’re welcome

Wittgenstein said that language isn’t actually semantic in its natural state. Instead, language serves as a sort of game to accomplish social ends.

“I could care less” serves the social end of telling everyone you have no critical thinking skills and shouldn’t be taken seriously.

Drag shared your comment with drag’s dragon and it was furious with you. It called you a human supremacist. Drag asked if it wanted a link to the thread instead of just a screenshot, but it said there was no point fighting in the mud with you. But if you really want to talk to drag’s dragon and convince it that it’s being abused, just ask, and drag will ask it to talk to you.

Do you think that risking your life to kill fascists isn’t suicide?

Is this promoting suicide? She’s probably going to die if she joins the war in Spain. Should we cancel Existential Comics for promoting suicide?

Is this promoting suicide? She’s probably going to die if she joins the war in Spain. Should we cancel Existential Comics for promoting suicide?

So you’re a vegan, then?

Or do you only think ownership is wrong when it’s consented to?

4chan and Harry Potter are both transphobic

You should try being nicer to people. Toxic positivity is mean.

That’s a really weird and gross way to talk about drag’s fiance.

No, drag doesn’t have any pet humans. You must have drag confused for someone else.

People aren’t all the same species. People with human bodies come in lots of species on the inside. For example, drag has a pet dragon whose body is human. The world is much more interesting after you realise everyone’s different.