Viewing profile — poontang1

Tell me you don't understand stablecoins without telling me you don't understand stablecoins.

Because non PoW algorithms are inferior, and bitcoin can be entirely powered from stranded energy that would not otherwise be used

Bitcoins price is primary moved by the cash settled futures market (CME) - like most other commodities. Its barely correlated to tether printing and anyone who actually follows cry…

Bitcoin uses about .1% of the worlds power currently. 10x less than you have suggested: https://nydig.com/research/report-bitcoin-net-zero The bitcoin reward also halves every 4 ye…

Batteries are actually terrible at storing large amount of energy for any significant period of time, otherwise this would be the solution everywhere

You are completely ignoring the fact that even if connected to the grid all power grids are structured to meet peak demand, and that there will always exist periods of excess power…

Measuring energy use per transactions makes no sense, as mining energy consumption is not related to the number of transactions processed. Also a huge portion of the energy used by…

It would not. Hardly anyone mines in Europe. Ironically power shortages are due to ESG initiatives that phased out power stations using fossil fuels and left unreliable power sourc…

lol - nano had a spam attack that locked up the entire network for months.

There are not two chains, there is only bitcoin. Lightning channels are addresses owned by multiple parties where you pass around signed transactions that could be settled on chain…

Not sure what the norm is, but for me exercise is a totally solitary activity. I live in the middle of nowhere and run every day the weather permits. I do long hikes on weekends wh…

> It almost doesn’t matter which power plant they’re closest to because we have a power grid that ties everything together. This idea of miners being isolated from the grid and con…

Ethereum also uses Proof Of Work mining....

This is a horrible take. Anyone who knows the crypto industry knows many exchanges fake volume and companies like CoinMetrics reduce the noise to get better figures on the actual n…

1 BCH = 0.02098481 BTC

Leaking a single private key does not leak all the private keys. You would still need the chain code used to derive all private keys, no?

Agreed. I like MW a lot, it's just far from usable for normal people at this point. On the downside, I don't see any path for such privacy centric projects getting any regulatory s…

The massive and steady increase in home value would suggest a bubble, no?

> Lightning is a UX disaster Lightning absolutely was a UX disaster, but things are improving quickly. There are wallets now that manage your funds completely without the notion of…

> Having said that, with crypto now all but finished Bitcoin will come out of this stronger than gold. It got the wrecked for the same reasons gold and silver did. People needed fu…

You fundamentally misunderstand how Lightning works. In lightning you literally have a signed bitcoin transaction that allows you to receive the funds on-chain at any time. You don…

Bitcoin as a vehicle for money laundering is overstated. Banks perform money laundering. They are frequently caught and lightly punished, so they continue to do it.

What software do you think is currently making Bitcoin obsolete? It seems most all alternatives just have design trade offs that lead to more centralization.