divabot (
reddragdiva) wrote2018-05-06 12:34 am
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book progress
I just spent 7 hours today doing nothing but going through the blog (good Lord I post a lot) and noting down stuff that would be on topic for the second blockchain book. It's been a heck of a year, hasn't it. Soooo we'll see if I get to these any time soon. I have 4000 words of notes and my goodness there are so many stories to tell. The working title is now "A Buttful of Fistcoins," just to make sure I definitely cannot use it.
Things I should do this long weekend:
- Similar hours of notes for "Roko's Basilisk", or perhaps some prospective text
- Robin Hanson made a dick of himself in public, so I'll probably have to at least mention him, and now I probably also have to read 10 years' Overcoming Bias
- Hanson thinks the Journal of Cosmology is a legit scientific source, holy shit
Things I am doing this weekend:
- Reading books. So many books. I have Kindle Unlimited and I'm hitting the self-published punk rock books hard.
- Reading Worm fanfic, because there is little better to waste hours upon.
- Eating things that disagree with me 'cos I like them.
- Sleeping more. I remember sleep patterns.
You?
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What I haven't spotted anywhere is a discussion on what happens when all the bitcoins have been mined. Instead of getting something that they might, possibly, be able to sell for $$$s and a transaction fee, miners will just get the transaction fee.
So.. are they going to shrug their collective shoulders at their income falling off a cliff and keep going despite the electricity and hardware costs? A big chunk of them stop mining, leaving it vastly easier for anyone staying to own 51% of the mining? Make transaction fees go through the roof?
None of them seems good for bitcoin, but then I thought it was overrated when it got to $1.
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