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$105B Electronics Giant Sony to Launch New Bitcoin Exchange

bitcoinmagazine.com

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Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#21

Post by brokenmachine »

poopsmithe wrote: post #13

Wow, congrats Sony! I watch videos of a 50 year old Japanese man who thinks his life is meaningless because his financial situation dictates he will have to work around 30 more years to pay off his debts. Government debt steals from future generations. Inflation, Quantitative Easing etc. steals the value of money from everyone. Bitcoin is the one money Government can't touch, and I think this is a great sign of hope…

The govt can definitely touch bitcoin if you ever want to cash it out, or have ever connected a wallet to your irl identity. It's the most traceable money in history. Monero ftw.

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#23

Post by crazygringo »

"$105B Electronics Giant Sony" is such a bizarre thing to put in a headline.

Everybody knows who Sony is. And their current exact market cap is utterly irrelevant to the article.

Is this some type of subliminal editorial ploy to (falsely) suggest that the exchange would similarly handle hundreds of billions, or something?

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#24

Post by tosl559 »

brokenmachine wrote: post #21
poopsmithe wrote: post #13

Wow, congrats Sony! I watch videos of a 50 year old Japanese man who thinks his life is meaningless because his financial situation dictates he will have to work around 30 more years to pay off his debts. Government debt steals from future generations. Inflation, Quantitative Easing etc. steals the value of money from everyone. Bitcoin is the one money Government can't touch, and I think this is a great sign of hope…

The govt can definitely touch bitcoin if you ever want to cash it out, or have ever connected a wallet to your irl identity. It's the most traceable money in history. Monero ftw.

Can you point on the blockchain to the lightning network payment I’ve just sent?

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#27

Post by dylan604 »

WheatMillington wrote: post #19
veggieWHITES wrote: post #14

Earlier quoted context omitted.

Their stock valuation and chart is looking strong over the past decade. Is Japan playing with their currency valuation that much that it's making failing companies look like rockstars on the charts?

Or Hacker News sentiment isn't representative, and the business has performed well.

I'm sure the Sony patent portfolio has been something they've leaned on for some time, but even that has to start running out at some point. They do make a lot of the camera sensors that everyone else uses[0], and they do excel at that. They used to lead in video monitors, but I think even that has slipped below some of the Korean manufactures like LG or Samsung. Do they still make other chips? I'm not sure what all their portfolio contains, but it is definitely thicker than my knee jerk reaction of them would joke. I thought Sony might have had a hand in the blue LED, but I don't see their name any where in the wiki of Shuji Nakamura[1].

[0] https://www.digitalcameraworld.com/news/sony-aims-for-60-sha...

[1] https://en.wikipedia.org/wiki/Shuji_Nakamura

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#28

Post by TheDudeMan »

mandmandam wrote: post #10
TheDudeMan wrote: post #7

Earlier quoted context omitted.

Bitcoin's strength is censorship-resistance.

In what way do you think BTC has an advantage over any other cryptocurrency in this regard?

Most cryptocurrencies are controlled by a small number of insiders. Bitcoin's high level of decentralization makes this not the case. Although the increasing centralization of mining, mining pools, and mining hardware is becoming a concern.

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#29

Post by DaoVeles »

slavaukro123777 wrote: post #12
cheema33 wrote: post #6

And Sony's decline continues. This move reeks of desperation. I used to buy a lot of Sony products. Lately. Zilch. I know they still make some movies and PS5. But, man, they used to be so much bigger than that.

Japan is utterly desperate. They are selling out the whole country to tourists, investment funds, and whomever has a penny to spare. The political class is going for broke, grasping at every penny they can now, before the mountain of debt comes crashing down, or the population has enough of hidden immigration, inflation, and tourists driving go-carts on the streets of Ginza.

While that seems to be a bit of a dim characterization of the place, who isn't trying to do that?

Seems like we are in the last decade or two of trying an accounting trick possible to ignore the grim reality of growth based economics. Cannot go on forever.

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#30

Post by TheDudeMan »

0xcde4c3db wrote: post #20
TheDudeMan wrote: post #7

Earlier quoted context omitted.

Bitcoin's strength is censorship-resistance.

The foremost thing about Bitcoin that is censorship-resistant is the ledger itself, which is a boon to anyone interested in tracking transactions.

Yes, it is a public ledger. This ensures that no inflation is occurring (other than the expected decreasing miner subsidy).
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