You do realize Bitcoin is working exactly as intended (ie allocating scarce resources efficiently)
Well, no. To quote satoshi:
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By Moore's Law
Moore's Law is no longer tenable, as microchip manufacturing has (ironically) hit it's the technological limits. That happened last year, in 2016.
So, you can quote your outdated Satoshisms and they'll actually make sense, WHEN A NEW CPU SCALING PARADIGM IS INVENTED. You might be waiting a while, so you may as well continue to come up with more inept arguments for your trainwreck Rules for Radicals "technology"
His Outdated Quotes are still alive and well, you dear CB are mistaken. (Like you normally are.)
http://www.telegraph.co.uk/technology/2017/01/05/ces-2017-moores-law-not-dead-says-intel-boss/
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The maxim, which became known as Moores law, directed technology companies for five decades before reaching a crunch point last year.
Physicists and technology giants alike said transistors had reached a point where it was no longer economically viable to make them smaller, bringing about the end of the law.
But Intels chief executive Brian Krzanich has put an end to such fears with news the company will release a 10 nanometre chip in 2017.
The tiny chip will be cheaper than its predecessor, Intel said, keeping Moores law alive.
"I've heard the death of Moore's law more times than anything else in my 34-year career and I'm here today to really show you and tell you that Moore's law is alive and well and flourishing," Krzanich said.
Physicists and technology giants alike said transistors had reached a point where it was no longer economically viable to make them smaller, bringing about the end of the law.
But Intels chief executive Brian Krzanich has put an end to such fears with news the company will release a 10 nanometre chip in 2017.
The tiny chip will be cheaper than its predecessor, Intel said, keeping Moores law alive.
"I've heard the death of Moore's law more times than anything else in my 34-year career and I'm here today to really show you and tell you that Moore's law is alive and well and flourishing," Krzanich said.
FYI: Moore's Law
