Viewing profile — jerrymiller

So much projection. Astonishing. What's discussing is handwaving real-world problems because they don't fit your agenda.

Satoshi has not envisioned ASICs, no. But it doesn't matter what Satoshi thinks/thought of. Bitcoin is not controlled by anyone; anyone can introduce a better way to mine/use it.

Are you saying this has helped people in Venezuela?

It helped and is helping people escape oppressive regime in Venezuela. Your snarky question comes from the place privilege as you've never experience this kind of oppression. More …

And yet people mine it. And it follows the "I can get out before you" game the OP describes.

Here you go: https://www.danheld.com/blog/2019/1/5/pow-is-efficent

How did this help Venezuela keep the value of their currency? Bolivars are also claims on taxes.

To describe Bitcoin as a ponzi, you must apply a very loose definition, which will necessarily be applicable to other assets as well. More on this: https://www.swanbitcoin.com/why-…

Now, what about gold?

BTC is liquid enough today for companies to move $1B without moving market (see MicroStrategy). Granted, money (USD specifically) is even more liquid, but that's why it's money -- …

Case in point still. The contradictions you make are astounding. What's more astounding is that you are not even noticing them. > Huge investment firms diversifying into crypto > t…

I recommend that you listen to this: https://www.coindesk.com/podcasts/the-breakdown-with-nlw/bre...

I (and anyone else) can buy food and water with BTC. This statement along completely negates your point. To understand why BTC is valuable and educate yourself on the topic of mone…

> 50% chance of Bitcoin crash like in 2018, 50% chance of further price appreciation but I think $100,000 is absurd for a commodity that has close to zero intrinsic value "$100 is …

> Is Bitcoin more inherently valuable than garlic coin? If so, why? Because of built-in scarcity. No other asset is as provably scarce as btc. > Also how is BTC the most reliable s…

Here's an article that explains the fundamentals of Bitcoin and they tie to its price: https://medium.com/@100trillionUSD/modeling-bitcoins-value-w... > Is the purpose just to beco…

Is it a trend that the quality of comments about BTC on HN has increased drastically? It's about 50/50 of the good/bad ratio now, whereas 1-2 years ago, I'd say it was easily 10/90…

> That's a bold statement Is it though? If you bought BTC at any given time during 2009-2015, you are in the green 5 years after. Pretty good evidence of unlikeliness to me. Also, …

You are helping the world to transition to a better money, which will have tremendous positive effect on the society: https://www.youtube.com/watch?v=8zYg4E4zbPo

May I ask how you trade options? I've bought a bunch of call options with $25k strike for 12/2021, and I think it will pay out handsomely ($38k is my break-even point, accounting f…