Exactly 14 years ago , Satoshi Nakamoto designed the most pathetic / inefficient system ever invented by humankind : the blockchain.
Today, it weights 60 000 tons, wastes constantly 10 gigawatts .. to process less than 7 transactions per second :
Less than a 33 bps modem from 1990.
This could be joke if it didn't have such gigantic environmental impact, wasn't enabling billion dolllars ransomware industry and was not crushing thousands of lives in the process.
@FranckLeroy to be fair, he was just dicking around with math.
@tob @FranckLeroy tell me you don’t understand the cypherpunk movement without saying…
@d2 @FranckLeroy lol you made that word up.
@tob @d2 @FranckLeroy Nah. The Cypherpunk movement is a real thing.
It just predates blockchain by a decade and have nothing to do with cryptocurrencies. They were the "right to encrypt" and "information wants to be free" tech activists of the 1990s.
The term has been coopted by blockchain hucksters seeking credibility they didn't earn, just like they perverted "crypto" from cryptography to Ponzi tickets.
@opendna @tob @d2 @FranckLeroy these punks even have political representation https://en.wikipedia.org/wiki/Pirate_Party
