Viewing profile — HashBasher

Given your username, one would assume that you know the 3 uses of a money. But you know what they about assume-ing. I use bitcoin on a daily basis for the most important usage of a…

Stability is an illusion. Everything is fluctuating in value every day. Some would argue that given bitcoin's fixed supply, it could be an asset against which everything else value…

I agree, but you can't mine USD, it's actually printed out of thin air.

You don't need to build wires that spans half your country! Just a big building, some transformers or whatever equipment is used to consume the energy from the stranded producer an…

It's difficult to buy stocks if you don't even have a bank account. Why wouldn't Bitcoin be a "savings account"? I use it as a savings account, it's really great. I put money that …

The whole globe should be Anti-dollar (and anti-government money from any country)! What gives the US the right to the global reserve currency and the power to export inflation?

Check your financial privilege buddy. You may think that because you get paid in the world reserve currency with low inflation. Others are not as lucky, and this won't always be th…

What happens when costs get high? People innovate! When demand for bitcoin increases, more money will be invested in cheaper and more abundant power sources.

Bitcoin makes people's lives better. A lot of people use it as a savings account. That's really great, especially for people living with a hyperinflationary currency.

Bitcoin is very useful.

How is it easier to sell energy? Electricity is not digital, you need to build the wires, figure out the demand and fund the operations of the whole thing.

> No loans, no VCs I don't think so. There will definitely be companies and startups that yield better returns than bitcoin. Especially when bitcoin stabilizes at a very high value…

They have and they deserve it. As bitcoin continues it's journey higher, all bitcoiners will be well rewarded (new or old).

I highly recommend Slide IOS app! I don't know how they're able to block ads.

It can't.

Agreed, self-custodied bitcoin is the best way to mitigate third party risk. If some of these start-ups held a small amount of their reserves in bitcoin, they would not have had to…

When describing the currency itself, bitcoin is strictly not deflationary as the supply of it is never reduced, it's actually inflationary for the next hundred years or so until th…

Bitcoin is not deflationary. It just has a fixed supply. People who held bitcoin from early on supported the growth of bitcoin by holding up it's value through the wild gut-wrenchi…

This problem is well-known amongst bitcoiners. When the currency is abundant, everything becomes scarce. When the currency is scarce, everything becomes abundant. Real estate has b…

I love the sting that HN has for bitcoin. Find me one other HN post that has full context. They're all links with the title of the linked source. This is a link aggregator.

Self-custody is simple - just download a wallet app and preserve your seed words. However, it's intimidating and requires a lot of personal responsibility.

Having a savings account is not useful in daily life?

What's the endgame of a savings account? Are folks just going to sit on their money until it eventually collapses?

The acronyms are very twitter friendly.

2013 called, they want their narrative back. ATM machines have cameras and does KYC.