this post was submitted on 09 Jul 2024
71 points (94.9% liked)
World News
31911 readers
551 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Except the IMF, World Bank, Moody, Standard and Poor, etc.
lol
They don't trust it, they just have no other figures to work off. China has a long history of faking numbers or suddenly stopping the publishing of numbers when it can make the party look bad. https://www.bloomberg.com/news/articles/2023-08-16/china-is-hiding-more-and-more-data-from-the-rest-of-the-world
Ok, be mad. A 15 year trend of growth on average no matter how you measure it: market cap, number of nodes, transaction volume, transaction capacity, etc. If you have thought Bitcoin was a scam or a bubble about to burst or whatever, you've been wrong 15 years in a row, maybe it's worth reconsidering. Because it's not just crypto bros using or investing in it now, it's national treasures, it's big banks and finance. But you know, on year 16 you'll finally be proven correct, right?
Oh, well if the billionaire rag says china is lying, it must be true, for sure
That's why they publish it. Not like there are (western adaptations of) the Li Keqiang Index
Obtuse way to say that the category 16-24 olds are studying and not part of the labour force
Based.
If you think that's the critique of bitcoin then you have been blinded by techbros optimizim on the tech. Also it's funny how you wave away bitcoin using up 1% of global electricity usage lol
yeah but whats stopping rich people from working together to get 60% of the network and then change things as they deem fit?
Firstly, rich people already do this with our existing currency systems. So that has to be what we're comparing against. And nobody has done this because there's zero benefit to doing so.
The thing you're talking about is a 51% attack and the answer is:
There are only two things you can do with a 51% attack
Even if you controlled 51% of the network you cannot:
Because all other nodes would reject your transactions as invalid.
Youre just gonna recreate what we have today with more energy usage. So why not fix the core societal problem?