re: #74 Eric The Fruit Bat

I’m just going to point out that my friend David Gerard (author of two books on cryptocurrency) thinks all of this is complete horseshit. Speaking of which, here’s the article he wrote for Foreign Policy about how Chia and its proof of work by using hard disk space is completely messing up the SDD market (with a side trip into yeah, don’t buy a used high-end video card either).

foreignpolicy.com

My brother, who does not read any of this stuff, pointed out this afternoon something that Gerard has said several times—that governments are going to shut down bitcoin, the blockchain and the rest of it because the problem with ransomware is just getting out of hand. I was actually kind of astonished, but it seems so obvious, bitcoin is causing a lot of unintended problems (not to mention the serious usage of electricity and CO2 creation), best to shut it down.