691–700 of 734 posts
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Regular ASICs with machine guns? ASICs used for mining I suppose.
It's unclear to me how ASICs used for mining are weapons.
It's unfortunate that Bitcoin has become so mired in partisan politics. For me its purpose is simple. If my money is a representation of my time and effort, why should I accept the central banks' inflation "target" of even 2%, due to money printing? I don't see why anyone should be okay with that, particularly given that central banks rarely meet that target for long and more often than not overshoot by a significant…
It's unfortunate that Bitcoin has become so mired in partisan politics. For me its purpose is simple. If my money is a representation of my time and effort, why should I accept the central banks' inflation "target" of even 2%, due to money printing? I don't see why anyone should be okay with that, particularly given that central banks rarely meet that target for long and more often than not overshoot by a significant…
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> Not at all. It was you and OP who asked for some kind of "killer app" from web3. My response is to say that this is an absurd ask. No. Your response is literally "you wouldn't ask Unix people to create VisiCalc instead of compilers", but they did, to which you responded "but it isn't free". > it already exists, you just prefer to ignore it. I may agree that Bitcoin as a currency is a failed experiment, there is no…
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"Visicalc isn't free, also Linux"
"Killer app is sending money"
"You're an idiot"
See these and other useful quotes in our New York Times bestseller, "A Crypto Shill's Guide to a Productive Conversation".
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Well, all redistributive social security systems have a strong pyramid like scheme inherent to them. Take the German retirement funds which - AFAIK — works similarly to „social security“ in the US: Every employee in Germany is required to pay a share of about 20% of their income (1) into the retirement „fund“ — which isn’t one really as the money is not invested to gain interest but instead is immediately payed out t…
OK, so redistributive pension systems are pyramid schemes… I’ll just note that this is a highly debatable interpretation of such systems. Now if we think about it for a moment: social security need money for 3 major things: unemployment, retirement, and health care. At any given point in time, you can divide the population in 2 categories: those who are currently working, and those who are not. And those who are curr…
When you go from 10 active people to 1 retiree to 2 active people to 1 retiree, you can't solve a problem by increasing contributions by a little.
And no, investing money for retirement is absolutely different from spending it on the retirement.
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"You expect Visicalc, not Unix compilers" "Visicalc isn't free, also Linux" "Killer app is sending money" "You're an idiot" See these and other useful quotes in our New York Times bestseller, "A Crypto Shill's Guide to a Productive Conversation".
My work is on making it easier to have crypto for e-commerce, focused on stable currencies. If you go look at all my writings and discussions, you will find me telling people to avoid speculation on token price and to not look at crypto for a quick buck.
You are completely lost in your hate, dude. Quite fitting for a "anti-crypto toxicity" thread. Go find something better to do with your life.
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This was fhe promise of the gold standard before the world wars. The gold standard would force governments to be financially disciplined, right? Wrong, as soon as governments needed to drop the gold standard they did it. Why wouldn't they do the same with the bitcoin standard?
> gold standard would force governments to be financially disciplined, right? This is such a weird belief. Is the claim that prior to the 20th century there were no wars of conquest or colonies? No kings and countries running up ruinous debt?
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"You expect Visicalc, not Unix compilers" "Visicalc isn't free, also Linux" "Killer app is sending money" "You're an idiot" See these and other useful quotes in our New York Times bestseller, "A Crypto Shill's Guide to a Productive Conversation".
So not only you are misinterpreting every thing I said, you also are resorting to call me a shill? My work is on making it easier to have crypto for e-commerce, focused on stable currencies. If you go look at all my writings and discussions, you will find me telling people to avoid speculation on token price and to not look at crypto for a quick buck. You are completely lost in your hate, dude. Quite fitting for a "a…