Viewing profile — iexplainbtc

What I meant is that it's not a hassle free process. You'll be reported to the IRS (or equivalent) and even be asked to bring an "approved intermediary" in some EU countries. I wis…

Hard and soft real time depend entirely on the context. An example of hard real time is flight control. The whole sensor - actuator - decision process must happen within the given …

You can't go to a bank, ask them to give you all your money in cash and hide it under a mattress (not in most countries at least). You can go to Coinbase and simply transfer all yo…

I don't understand all this confusion about what RT means, this is the definition of a RT system. If you can't complete the computation within the given deadline whatever partial r…

These live streams are anxiety inducing for us, I can only imagine how they must feel!

That live stream was epic! It was great to see them so happy :)

Proof of work was not invented (or envisioned to be used with digital currencies) by Satoshi. It's been around since 1993. I can't really find a reference to prove what I claimed s…

The environmental impact of "Proof of Work" could have been a problem but the inventors did think about that and realized that mining can be done pretty much anywhere, using renewa…

> How's GME performed as a store of value since WSB pumped? It's just as scarce as it was 10 days ago, but apparently not guaranteed to go up after all... I was simply responding t…

Again, I apologize. It was a knee jerk reaction to being told I don't understand something without proof. I believe that also violates numerous guidelines: > Be kind. Don't be snar…

Apologies @maclured. Thank you @dang!

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You fail to understand 3 things: 1. There is no such thing as "intrinsic value" and I explained clearly why in a different reply to your comment. 2. What goes up is the value of la…

> The very fact it can be fabricated into something of value gives it some intrinsic value. That's a plain contradiction. Oil is valuable because there is demand for products manuf…

> Gold does not take the electricity resources of a large country to render it secure and make transactions possible. Except it does [0]. > Gold is pretty to look at and can be mad…

Most subjectively "useless" objects are used as a store of value. Only 7/8% of gold is used in the manufacturing industry, the rest is sitting there with no active purpose other th…

> all they have are a load of strings of characters Most things valuable nowadays are strings of characters. It's not the byte sequence that's valuable, it's what it represents. Bi…

Extremely unlikely. Bitcoin has been around 12 years and it's just now starting to go mainstream. Most people still have no idea what it even is. You can count the number of public…

Yep and that's Bitcoin's network effect. There is demand for Bitcoin. 2017 was the year of retail interest, 2021 is the year of institutional interest. It's easy to see that the pr…

I'd rather invest into something that is highly volatile but almost certainly appreciates over time rather than something that depreciates at a predictable yet increasing rate. We …

Created an account just to say this but you beat me to it.