Earlier quoted context omitted.
Prepaid debit cards?
How do you buy these without giving any personal information?
You don't tell the teller your name as you give them cash to load the card.
Why All Cryptocurrency Should Die in a Fire
21–30 of 341 posts
Re: Why All Cryptocurrency Should Die in a Fire
#22Re: Why All Cryptocurrency Should Die in a Fire
#23Blockchain cryptocurrencies rely on the economic incentives of PoW (or something similar) in order to function correctly. Has anybody modelled how the miners might behave under varied circumstances? So far, the incentives seem to be working correctly, with no double-spend attacks happening.
Double spend attacks have happened, but having lots of hazing power doesn’t prevent them. A software vulnerability for example can render unlimited hashing power pointless.
My comment was asking about purely the economic side of things... That's the part of crypto that's hardest to judge.
Re: Why All Cryptocurrency Should Die in a Fire
#24This guy calls Elon Musk a "walking talking Dunning-Kruger syndrome". That's the level of discourse you can expect from him.
True though
Re: Why All Cryptocurrency Should Die in a Fire
#25Just remembered a couple of years ago I mentioned to a couple of friends that once the Feds zero interest rate policy ends cyrpto will collapse.
What is your definition of collapse? Is losing few tens percent of value enough for you to consider your prediction as worked?
Re: Why All Cryptocurrency Should Die in a Fire
#26Re: Why All Cryptocurrency Should Die in a Fire
#27I think the best criticism against crypto currency is that it is essentially “regulatory arbitrage”. Things are allowed inside crypto that is not allowed in the normal world of finance. Ie stable coins: promising people 20% on their savings account by running an obscured ponzi. Ie pump and dump. Ie insider information. Insiders on exchanges buying up coins they know are going to be listed. Etc etc. (And proof of work…
"regulatory arbitrage" It is fancy way to call freedom. Yes it has been reduced to pump and dump scams but how is that different than the stock market?
Re: Why All Cryptocurrency Should Die in a Fire
#28Just remembered a couple of years ago I mentioned to a couple of friends that once the Feds zero interest rate policy ends cyrpto will collapse.
I think that’s true for all speculative assets that have risen in value during a period of loose monetary policy