World Bank rejects El Salvador request for Bitcoin help

Post by mclightning » Thu, Jun 17, 2021, 7:27 AM UTC

Kiro wrote: post #121

taylorfinley wrote: post #73

I feel like a lot of people posting in this thread would benefit from reading Dang's post [0] from a few days ago about how shallow cryptocurrency discussions tend to be on HN and how we should all aim for a better level of discourse. [0] https://news.ycombinator.com/item?id=27497207

Is there a term for this kind of "shallow" discussions/responses? E.g. if headline is about X but in the vicinity of Y the thread gets filled with generic comments about Y that have nothing to do with X. It's obviously not exclusive to HN. I keep seeing it on reddit all the time and it's really tiring.

Post by erulabs » Thu, Jun 17, 2021, 7:32 AM UTC

squabble wrote: post #119

erulabs wrote: post #106

Earlier quoted context omitted.

I agree strongly with the tiresome comment, and I am a bag holder and have been interested in monetary policy and economics my entire life - but not enough to read the same 10 comments over and over every day. In answer to your question, technically no, but realistically yes. Technically, BTC “transactions” can happen "on paper", the keys can be physically handed off to each other, etc (there are plenty of possible a…

You're wrong about lightening. It costs a fraction of a cent per transaction and is meant for everyday transactions. For very large transactions, it is wiser to use the main BTC network since there is lower risk. Edit: I'm forbidden to reply but not to edit, so I'll reply to your comment below here. Reply: Yes. The thing you were wrong about was that lightning is not meant for everyday transactions. It actually is.

Post by desine » Thu, Jun 17, 2021, 7:33 AM UTC

sgift wrote: post #128

desine wrote: post #89

Earlier quoted context omitted.

One other thing - I hate the term "conspiracy theory". It was literally coined by the CIA to discredit discussion of actual conspiracies. But that's just another crazy conspiracy theory for another HN thread.

> The Oxford English Dictionary defines conspiracy theory as "the theory that an event or phenomenon occurs as a result of a conspiracy between interested parties; spec. a belief that some covert but influential agency (typically political in motivation and oppressive in intent) is responsible for an unexplained event". It cites a 1909 article in The American Historical Review as the earliest usage example,[37][38] a…

Post by nroets » Thu, Jun 17, 2021, 7:34 AM UTC

kemonocode wrote: post #113

remarkEon wrote: post #60

A lot of these Bitcoin threads get old. The detractors, the pumpers, the bag hodlers ... it's all so tiresome. Here's something I want answered (all three parties are invited to respond): Is there a dependency on mature internet infrastructure that exists for a country to adopt BTC as its currency? Seems like there is to me, but maybe I'm not fully appreciating how this works or am overestimating the connectivity req…

Mature internet infrastructure? No. Only perhaps if you want a whole bunch of validating (full) nodes, and only then for the initial bootstrapping and the whole hassle of downloading the entire blockchain up to that point, but past that, even for non-custodial wallets (AKA your keys therefore your coins), broadcasting a transaction takes very little. For context, I'm running a full node from Venezuela. The initial bo…

Post by mclightning » Thu, Jun 17, 2021, 7:34 AM UTC

sub7 wrote: post #33

We keep talking about how tech should be used to make a net positive change yet we allow this glorified linked list that has 0 real world benefits after a decade to get a pass because some man children run around promising it's the future.