Viewing profile — throwaway248329

Governments have literally genocided, sent to concentration camps, tortured, experimented on millions of people more than a few times just in the past 100 years. Of course they can…

This was before they got a new owner.

Nah, another shitcoin that is run as a startup with a large premine.

99% of all crypto companies are scams looking pump the price and sell their premine. Bitcoin is the only crypto that matters.

Yes. See https://wasabiwallet.io/

The amount of trust will be limited to trusting that the bank is showing your balance correctly and that nobody stole their SSL keys.

You can't have freedom of speech without freedom of wealth. The more Money is controlled by the government, the more it will be able to censor opposition and incentivize loyalism.

That's a good thing. Having an established governance process would be an attack vector.

How exactly was it derailed? Creators of 2X stopped the fork because it was clear that majority of users were against it and that miners would be forced to mine it at their expense…

Governments would try to borrow more, but would there be enough willing lenders? The endgame is forcing governments to be more fiscally conservative and generally less bloated.

No, individual users decide the outcome of a hard fork. Coinbase, BitGo, Bitmain all tried to force Bitcoin to use larger blocks because that would've gave them more power, and loo…

Yes, but as long as some miners stay on the old chain, it will live. Hard fork also requires the users to switch to that new client, otherwise they won't be able to accept the new …

Sure, it's possible that the wealth disparity rise happened for other reasons, not related with gold standard. However, I can still look at those charts and say that the gold stand…

Changing the miner subsidy amount would require a hard-fork, so the chain would split in two chains with a shared history, the original with only 21M coins and the new chain withou…

Yes. The governments would still be able to borrow, but they won't be able to do it in an unchecked manner. Since the lender would know that they are not guaranteed to get their mo…

Sure, I'm not "forced" to buy real estate, but I think it's fair to say that I'm forced to invest and buy speculative assets, otherwise my savings will slowly melt away. And of cou…

>If it "makes sense to you" that the lack of Gold Standard is the real reason workers are poor, it probably helps to consider that workers were much poorer for the vast majority of…

True. Although their control of money supply would be limited, and they would lose some part of that control every time they decide to "increase" the money supply.

The difference is that without fiat currency, the government can't inflate it's currency to pay off the debts. At the very least it means that the population does not have the risk…

No, that's literally not how it works. Read the article I linked. Even if the cabal of miners decided to make a change in the protocol and print themselves bunch of free coins, tho…

Do you disagree that real estate is used as a hedge against inflation, which artificially increases the prices? And you can call "lack of Gold Standard is the real reason workers a…

It doesn't mean that governments are going to be funded by crypto whales, it just means that government spending will be kept on check and limited by the amount of money they can t…

> With Bitcoin, the community that controls the money supply is not at all democratic; it is the early adopters with large holdings that carry all the weight. The mechanism accordi…

Miners can't do anything outside of what is already allowed by the Bitcoin protocol. https://en.bitcoin.it/wiki/Bitcoin_is_not_ruled_by_miners

The workers, unlike capitlists, earn a fixed salary. Inflation makes this salary have increasingly less buying power. This way workers are forced to negotiate a raise every year ju…