Earlier quoted context omitted.
True. It also points out a new problem.
Exactly, terrible people can still be right about something.
Inconvenient truths often elicit negative responses.
Bitcoin is failing at becoming the future of money
161–164 of 164 posts
Re: Bitcoin is failing at becoming the future of money
#162Funny how people talk about the problem of Bitcoin using a lot of energy but then they live in a big house, drive an SUV, and fly to far away places on vacation. Your life style is the problem, not crypto.
This is like dismissing Al Gore's climate advocacy because he flew private. It's perfectly possible to have a valid criticism of waste in one specific area even if you have unaddressed waste in your own life.
It's possible, it just makes the argument less relevant. Nobody will listen to a private jet setter preaching about the environmental impact of private jets.
Re: Bitcoin is failing at becoming the future of money
#163Bitcoin crashed again! This time 55% in 35 days from $65k April 12th (Coinbase IPO) to $30k yesterday. It is as we speak only up 400,000,000% now from a penny a decade ago to $40k now. It will continue to fail and suck and destroy the environment at higher and higher prices. Proof of stake is already a proven successful replacement for Proof of work and saves the environment. This makes some people very angry though,…
Richard J Schueler, it's true that you're a biased shill, but there are many other very legitimate reasons not to listen to anything you say, such as the fact that you falsely claim that proof of stake is a proven successful replacement for proof of work. And also the following reasons, based on your own words, that I will cite and link to, and the fact that you refuse to address them and answer simple straightforward questions, and repeat things like "Dodge, dodge" instead.
Confronting Richard Heart of HEX - SPAM KING and Crypto Scammer
https://www.cointelligence.com/content/confronting-richard-h...
So will you again confirm what the article claims you already confirmed?
>Richard Heart was sued for spamming in 2002 under WA state law. Source:
https://www.zdnet.com/article/peacefire-org-beats-spammers-i...
>During the interview at ANON, Richard confirmed that he was one of the first people in the world to be sued for online spam, back in 2002. This shows us Richard has experience abusing unregulated markets, as he is doing with crypto these days.
Is this an accurate quote of your own words?
>When I pressed the matter and asked for a simple “yes” or “no” as to whether he, as the FOUNDER of HEX, knows who benefits from the funds sent to the “Origin Address” he flat-out said “I’m dodging your question.” Dodging the question! He proceeds to repeat “Dodge, dodge.”
Is your real name "Richard J Schueler", and is this true?
https://www.reddit.com/r/CryptoCurrency/comments/kwhjxa/why_...
>Why HEX is a Ponzi and not a solid investment (Part 2): Richard Heart
>Legal and questionable events from Richard J Schueler:
>2002: Sued and won by Peacefire.org for violating Washingtons anti-spam laws, he was known at that time as the 'spam king' and made a lot of money off it - source. The Methuselah Foundation, for which Heart volunteered at that time, was committed to extending the human lifespan and “making 90 the new 50”.
>Questionable events in Panama: Several of Heart’s alleged aliases (James Hart, J. Richard, Richard Schueler) were named in connection with a Panamanian criminal network. Heart, called "CharityLover' at that time supposed cohorts included robbers, blackmailers and corrupt lawyers and judges, according to posts stemming from the now defunct Panama-Guide website . Miguel Antonio Bernal (Panama lawyer) described the process by which American criminals flooded Panama to “rob, cheat and blackmail local businessmen using Panama’s weak legal system'' in the linked post under ''Panama".
You're the same "Richard Heart" who won the "Golden Pump Award" for "Best New Scam" for "HEX", correct?
https://twitter.com/JuanSGalt/status/1233242355995750400
https://www.youtube.com/watch?time_continue=857&v=tf-lJu5iDh...
Re: Bitcoin is failing at becoming the future of money
#164Earlier quoted context omitted.
1. Nothing could be more wrong; bitcoin is bitcoin whether it’s on the base layer or Lightning Network. Full stop. 2. There are over 10,000 lightning nodes with nearly $70 million in liquidity where payments occur everyday: https://1ml.com/
You cannot argue that “Bitcoin is money” if, in order to do any of the money stuff, you need to add something that is explicitly “off chain.” Bitcoin itself plainly can’t do it and LN could just as well be a layer on top of anything else. It’s main purpose is to make Bitcoin seem like it could be useful some day. And yet we’re years in and virtually no one uses LN as money despite lots of people having a vested inter…
You cannot argue that “Bitcoin is money” if, in order to do any of the money stuff, you need to add something that is explicitly “off chain.”
Bitcoin already does the money things as you call it, being able to send any amount of value to anyone else without requiring 3rd parties.
You can send $1 million worth of BTC anywhere in the world in minutes and the fee right this very minute is $5.94 for a high-priority transaction. But if you had any doubt of ensuring the transaction gets into the next block, you could easily start with a fee of $15, which is a trivial amount for a $1 million transaction.
But for use cases where the fees and speed are problematic—you might need to wait 10-15 minutes for a transaction confirmation—there's Lightning Network which clear instantly and the fees are fractions of pennies.
The "off-chain" comment is misleading; Lightning's payment channels require a base layer transaction to open and close them; it's the transactions that happen in the channel that aren't on the base layer because the entire world doesn't want to see every cup of coffee anyone of us purchases on a global immutable blockchain.
Once one of us (me or the other party in the payment channel) have decided to close the channel—like paying a tab at a bar—the end result of transactions hits the main bitcoin blockchain.