The Bizarre Rise of the 'Bitcoin Citadel' - Decrypt
decrypt.co
In search of the Bitcoin Citadel, where the 'eternal enslavement of humanity to a tiny elite' is the utopian dream for Bitcoin maxis.

Nice backgrounder on a bit of BTC meme-ry. Mentions our resident no-coiner @[email protected]

  • sinedpick@awful.systemsEnglish
    7·
    1 year ago

    I wonder, in this supposed apocalyptic future, who is making the semiconductors that will be needed to secure the bitcoin network? Can it really be considered a collapse if we have a 100% working semiconductor industry? How fucking stupid are these people that they don’t even ask the first obvious question?

    • self@awful.systemsEnglish
      6·
      1 year ago

      not to mention a 100% working and unified internet; bitcoin’s continued operation is incompatible with all of the likely failure states for the fault-tolerant internet (not that we’ve really got the fault-tolerant one in operation, with how centralized the modern internet is)