Bitcoin Is Time • Hacker News Board

Re: Bitcoin Is Time

#11

Post by Dzugaru » Tue, Mar 02, 2021, 3:31 PM UTC

Good read. Is there a similar take on how proof-of-stake can work (for example current sketch of Ethereum Casper protocol)?

Re: Bitcoin Is Time

#12

Post by johndoe42377 » Tue, Mar 02, 2021, 3:34 PM UTC

Honestly, what kind of bullshit is this?

Re: Bitcoin Is Time

#13

Post by [deleted] » Tue, Mar 02, 2021, 3:35 PM UTC

phyro wrote: post #9

Thank you for sharing this! I wrote a much shorter article on why I believe Grin is the closest to "time is money" here https://phyro.github.io/what-is-grin/grin_emission.html Bitcoin can be thought of as a clock, but the unit that is being transfered can't be thought as time because for it to be mappable to time, you need a linear function and Bitcoin's emission is exponential because of the halvings.

[deleted]

Re: Bitcoin Is Time

#14

Post by kneel » Tue, Mar 02, 2021, 3:35 PM UTC

joosters wrote: post #8

Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.

Negative yielding debt is literally a waste of time. Money is worth less as you move into the future. Fiat is literally a black hole.

Re: Bitcoin Is Time

#15

Post by hanniabu » Tue, Mar 02, 2021, 3:35 PM UTC

phyro wrote: post #9

Thank you for sharing this! I wrote a much shorter article on why I believe Grin is the closest to "time is money" here https://phyro.github.io/what-is-grin/grin_emission.html Bitcoin can be thought of as a clock, but the unit that is being transfered can't be thought as time because for it to be mappable to time, you need a linear function and Bitcoin's emission is exponential because of the halvings.

How is Bitcoin's admission exponential? Isn't it a stepped linear emission?

Re: Bitcoin Is Time

#16

Post by Scoundreller » Tue, Mar 02, 2021, 3:36 PM UTC

kneel wrote: post #14

joosters wrote: post #8

Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.

Negative yielding debt is literally a waste of time. Money is worth less as you move into the future. Fiat is literally a black hole.

What percentage of assets are negative yielding?

They can’t all be negative in real terms.

Re: Bitcoin Is Time

#17

Post by dmak » Tue, Mar 02, 2021, 3:37 PM UTC

joosters wrote: post #8

Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.

Why are you so salty? Care to elaborate?

Re: Bitcoin Is Time

#18

Post by amelius » Tue, Mar 02, 2021, 3:38 PM UTC

Bitcoin is a Ponzi scheme.

Re: Bitcoin Is Time

#19

Post by zapdrive » Tue, Mar 02, 2021, 3:38 PM UTC

joosters wrote: post #8

Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.

I'm sorry you didn't buy when it was cheaper.

Re: Bitcoin Is Time

#20

Post by zapdrive » Tue, Mar 02, 2021, 3:40 PM UTC

dmak wrote: post #17

joosters wrote: post #8

Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.

Why are you so salty? Care to elaborate?

He followed the collecting hacker News opinion at the time, which was highly negative. And beats himself everyday for not investing early on.