Viewing profile — hakesdev

>you underestimate the ability of countries to cooperate you,handwaiving all 190+ nation states will go along with AND have incentive to do what the all powerful US says... OKAY, b…

that isn't (fortunately) for you to decide ;-)

If you don't understand why competition in monetary commodities is a good thing then... I don't have any time for you.

It seems to me you've not thought through the game theory of banning cryptocurrency very much. There's an immediate competitive advantage (in the form of increased business activit…

Bitcoin (like gold since the gold standard ended) is just a "check" on Fiat currencies and can act as insulation from central banks that issue too much money too quickly. Fiats wil…

Whataboutism - why do I see this word so much these days? Whenever I see it, I notice people are often basically trying shut down an honest comparative analysis by another party.

This. 100%. Bitcoin (like gold since the gold standard ended) is just a "check" on Fiat currencies and can act as insulation from central banks that issue too much money too quickl…

This was published in 2016. The title should reflect that. https://dl.acm.org/doi/10.1145/2976749.2978408

IMHO, M2 (also called "Broad Money") is a more pure indicator of money creation. Specifically the combination of M2 and M2 velocity. Board money supply grew ~30%+ in 2020. The reas…

If you use a money with an issuance scheme that doesn't derive from pure costs (useless things like hashing), the underlying incentives of that money will seed its own destruction.…

If you use a money with an issuance scheme that doesn't derive from pure costs (useless things like hashing), the underlying incentives of that money will seed its own destruction.…

Please read. Nic Carter is a good place to start. https://www.coindesk.com/what-bloomberg-gets-wrong-about-bit... "First of all, Bitcoin and Visa are fundamentally different system…

this is a really dumb argument that is trotted out every 4 years. There's also already a FoldingCoin that's been around since 2014. https://bitcoinexchangeguide.com/foldingcoin/ Fo…

this "crypto is bad for the environment" meme is a zombie meme. https://www.coindesk.com/the-last-word-on-bitcoins-energy-co...

This is a dumpster fire of bad (often self-quoted!!) arguments against crypto.

lol...The global financial system HARDLY serves 6 billion. Why are so many concerned with "banking the unbanked"? And arguably, the end product for those that do get access is pret…

this is a straw man. The point is not its absolute energy consumption, but its energy consumption relative to other alternatives. How much energy does it take to operate the curren…

Yes the fed's balance sheet has inflated, but it has inflated at the same time as dollars have stopped flowing out of the United States through trade and tourism. The global econom…

“Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.” - Talmud

Respectfully disagree. I don't particularly like the news, but it pays the follow certain types of news that could have an outsize impact on you. Furthermore, the "prescribed" ultr…