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https://twitter.com/saifedean/status/1438117047922302992And when I say complete gibberish, I mean complete gibberish. This is so far from being correct it's ridiculous:
https://twitter.com/Bitcoin/status/1432221396558516229In other words, at current usage levels, the BTC system is on a predictable path to eventual security failure (incentive incompatibility / economic instability) given the exponentially decaying block subsidy. Number go sideways from here = no bueno. 2/
https://twitter.com/nntaleb/status/1408687019161800704In other words, despite some errors and not getting all the way to the bottom of things, if you continue in the direction of inquiry which he's laying out, you will find the black swans. 2/
https://twitter.com/elonmusk/status/1396914548167233537You can explain it in 4 tweets if you're not trying to purposefully shape the information to win friends and influence people. 2/
https://twitter.com/joekelly100/status/1393459345246019585
https://twitter.com/jgreenhall/status/1395261444711600146This might even partly explain what happened last year. After the March crash, $5-6k going into the halving put the system in dangerous territory.
https://twitter.com/adam3us/status/12428594993812971532/
https://twitter.com/nic__carter/status/1369007894969122816If everyone does this “battery” thing everywhere, it becomes unprofitable — for everyone. I.e. Profits are competed away and you spend $100k on chips with a lifetime expectation of earning <$100k worth of BTC. 2/