Bear markets are the best times for shitposting.

熊市是大便的最佳时机。

Networks that emit tokens faster than the intended design by gaming the software are called “shitcoins”.

通过对软件进行游戏，以比预期设计更快的速度发射令牌的网络称为“shitcoins”。

If the block rewards end 40 years early then the clockwork of Bitcoin which has been sold as operating with metronome-like regularity on a predictable schedule … is a lie.
If that’s a lie, what else is a lie?

如果区块奖励提前40年结束，那么比特币的时钟系统——它已经按照可预测的时间表以节拍器般的规律运行——就是一个谎言。
如果那是谎言，那还有什么是谎言？

RT: Bitcoin is the secret society anyone can join, but math is important to advancement.
You have to be able to add it all up.

RT：比特币是任何人都可以加入的秘密社会，但数学对进步很重要。
你必须能够把所有这些加起来。

@KatlasC You clearly have no idea what that actually entails. Read the code. I’m done now.

@你显然不知道这到底意味着什么。阅读代码。我现在做完了。

@KatlasC Miners turned off their machines and gave up profit in *protest*. It caused the network to fork and Bitcoin Cash was born.
It’s not purely about income. It’s much much much more nuanced.

@卡特拉斯克矿工关闭了机器，放弃了利润，以示抗议。它导致网络分叉，比特币现金诞生。
这不仅仅是收入问题。这要微妙得多。

@KatlasC That’s irrelevant to this scenario.

@KatlasC，这与这个场景无关。

@KatlasC Blocks are locked at 1MB there is no increasing load unless you play with TX weights and shit. That takes a fight. It takes a fight every time. You make it sound as if it’s just easy to regulate. It’s made to be difficult.

@KatlasC块锁定在1MB，除非你玩TX权重和狗屎，否则负载不会增加。这需要一场战斗。每次都要打一架。你让它听起来好像很容易调节。这是很难做到的。

@KatlasC It doesn’t simply adjust to the norm. It’s gradual and retargets would take longer and longer. We’ve seen this happen on smaller networks. That “temporary” is misleading af

@KatlasC它并不是简单地适应常态。这是渐进的，重定目标需要越来越长的时间。我们在较小的网络上看到过这种情况。这种“暂时性”是误导性的

@KatlasC There is no scenario where BTC is worth anything and you can mine it on CPUs again. That was your assertion.

@KatlasC没有BTC有任何价值的场景，你可以在CPU上再次挖掘它。这就是你的主张。

@KatlasC Only in one direction. Up.

@KatlasC只在一个方向。向上的

@KatlasC Not in the least.
Large miners make mining equipment.
If they quit that means no new miners for smaller farms.
The network hangs. It gets slower and slower and slower until blocks take days or weeks.

@一点也不。
大型矿工生产采矿设备。
如果他们辞职，就意味着小型农场没有新的矿工。
网络挂起。它变得越来越慢，直到阻塞需要几天或几周的时间。

@KatlasC I think you underestimate the forces involved.

@KatlasC我认为你低估了所涉及的力量。

@KatlasC For reference note the the first two weeks of November, 2017 when 30% of hashpower disappeared.

@2017年11月前两周，30%的hashpower消失，KatlasC作为参考。

@KatlasC Large miners run the network. They don’t work that way. When they become unprofitable they don’t turn off gradually. They just turn off. It’s a death spiral. Obscure, but not unknown set of events.

@KatlasC大型矿商运营该网络。他们不是那样工作的。当它们变得无利可图时，它们不会逐渐关闭。他们只是关掉了。这是一个死亡螺旋。一组模糊但并非未知的事件。

@KatlasC Bitcoin retargets gradually, each retarget taking over a week.
If you’re dreaming of a day Bitcoin runs on CPUs again the network is worthless because nobody could use it for months.
Number. Must. Go. Up.
There’s no other option or the network dies.

@KatlasC比特币会逐渐重定目标，每次重定目标都需要一周的时间。
如果你梦想有一天比特币能再次在CPU上运行，那么这个网络就一文不值了，因为几个月内没有人能使用它。
数字必须去向上的
没有其他选择，否则网络就会死掉。

@KatlasC None of that is correct.

@KatlasC这些都不对。

Any more than 20% and POW rewards expire inside the 21st century and THAT definitely was not intended.

任何超过20%的战俘奖励都将在21世纪到期，这绝对不是有意的。

The point at which a year is shaved off the halving that’s a 20% decrease in the POW reward lifespan.
My 10 year guess is VERY conservative.
If that 20% holds it’s actually 40 years stolen, not ten.

当一年被减半时，战俘奖励的寿命减少了20%。
我10年的猜测非常保守。
如果这20%成立，那实际上是被偷了40年，而不是10年。

Theoretically, sure.
That’s never happened. https://twitter.com/capitalshi...

理论上，当然。
这从未发生过。https://twitter.com/capitalshi...