Viewing profile — laszlo-kiss

I thought the Lira lost its value, which is 'inflation'. If it was experiencing deflation then it would become more and more valuable, because it is becoming scarcer. Inflation is …

I'm not saying that the US would tie the dollar to Bitcoin willingly. It would have to do it out of necessity to be able to interact with nations that have resources that the US ne…

Roman Empire is a biggie. The Weimar Republic is the most obvious. I guess we are now arguing 'Austrian Economics' vs. 'Keynesian Economics'... This is a fair simplification. As lo…

It seems Canada matches the 'good banking system' and 'stable currency' attributes, yet didn't the truckers get robbed by the government? When a government is able to engage in fin…

Interesting, this sounds like the Old West. Look at it now. I think these hardships are the exact indicators of a dynamic new frontier. Apply caution, yes, but ignoring it might no…

Theoretically I can stand up a mining operation in my apartment. That means that the 51% attack (as long as it can be detected) can be thwarted by folks at the grass roots level (a…

I'm not an expert on this by any means, but I would think that mechanisms exist that allows for the evolution of the technology to protect itself. The key for me is that we strive …

I'm not sure what you mean by the 'old ruse'. The use of gold in ancient times was adopted because it removed the need to trust the other guy's currency. Unless Satoshi shows up to…

I think the biggest 'positive' is that the government in control of the currency is unable to alter the value of it. It is clear that inflation is bad for the citizenry, yet that h…

Indeed using Bitcoin for payment does not seem a good fit. However, Bitcoin could be viewed as the world reserve currency that is impossible to debase. This can give stability to a…

I admit, I believe that Bitcoin will have an important (and positive) future in our lives. Yet every day I open HN and scan the articles I get the sense that most (not all) article…

It is encouraging that there is a lot of interest in looking at the weaknesses of Bitcoin and crypto in general. This, I think, is "a good thing." However, the author is not one to…

I'm doubling down on my crypto purchases... Thanks!

As long as there are oppressive financial systems (central banks, the world bank, the current financial pyramid) crypto (decentralized) currencies are going to be around and will p…

My wife and I experience this on a regular basis. We even tested it. Picked a subject that is never a conversation piece, we spoke about it with our phones and Amazon's Alexa near …