Viewing profile — npoc

In what way is energy usage in creating money a negative? e.g. If money took no energy to create, what would it be worth? What if you limited its effortless creation to just a few …

Why is saving up negative?

You crucially missed the "halving" out of that model. The block reward halving every 4 years means that in 3 halvings (8-12 years), miners will spend roughly the same on electricit…

Why would anyone accept a private key as payment? It's not very private if you gave it to me.

Too difficult to audit the total supply, and tail emission. Bitcoin is anonymous enough while remaining fully auditable (nobody secretly printing it out of thin air) and perfectly …

He's a guy who understands the fundamental attributes of money and economic value, and enough technical know-how to have confidence in Bitcoin's design Financial experts (of whom m…

My brain isn't capable of the mental gymnastics performed here.

It's a shame about the tail-emission and the difficulty in auditing the total supply

No money is more efficient than bitcoin.

decades

Shame about it's tail emission and poor supply audit-ability

My claims not only support my conclusion but they're also in the public domain. The only story is your condescending description of my reply. So again, as I said, please GFY.

I explained the evidence very clearly in my last answer. You're clearly not acting in good faith. You try and help people on here and this is what you get every time. GFY.

Fiat currencies are collapsing in value. It's a fact. Price fiat in any hard asset like gold, real estate, bitcoin etc and it's obvious to see. The devaluation can be seen to be al…

How are you measuring the value of gold? How are you sure it's not the value of the quote asset that fluctuating wildly. If everything was priced in gold do you really think that t…

"Cointelegraph was unable to independently verify the owner of the new wallet"

Evidence that just because you learnt about bitcoin early, it doesn't mean you understand how it fits into the world. It seems some people simply aren't cut out to understand it. B…

You are not considering the fundamental monetary qualities of bitcoin, only the current market.

Not at all. It naturally stabilises the closer it gets to its ultimate market cap. The more it stabilises the more it will be used as a medium of exchange.

I guess bitcoin is not for you.

Fiat currency: Why would I hold a currency that another nation sucks the value out of by printing it? Even the dollar has half its value stolen every decade. Gold stock above groun…

Is monopoly money a threat to the dollar? Does Hasbro need to report to the Fed how much it has issued each year? People will only hoard hard money until they need to buy things af…

It depends how you measure value. By stabilise I mean stops growing in value by 50%/yr with big short term swings of 80%. As it matures and gets close to it's ultimate value, volat…

Okay, so it's an attack vector but one that can be mitigated against by implementing redundancy. I would argue that Lightning's biggest security issue is having to store your priva…