Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Bitcoin physical bearer instrument using NFC JavaCards

satscard.com

Post reply on HN
Print view View original

31–40 of 120 posts

Re: Bitcoin physical bearer instrument using NFC JavaCards

#31

Post by onionisafruit »

brianf0 wrote: post #5
CrampusDestrus wrote: post #2

We could print pieces of folded paper containing wallets with a standard amount of satoshi and.... wooops, we just invented cash again

This is reductive. It may bear some resemblance to cash but it's more like a voucher, and the actual value is transferred on an immutable ledger. Wish Hacker News wasn't so curmudgeonly about crypto and actually tried to imagine the multitude of ways it would improve society if adopted.

A lot of us earned our right to be curmudgeons by getting excited about it ten years ago only to see it play out very differently from our expectations.

Re: Bitcoin physical bearer instrument using NFC JavaCards

#32

Post by kube-system »

brianf0 wrote: post #20
lobstrosity420 wrote: post #8

Earlier quoted context omitted.

Yeah, it’s the same thing as government issued currency the moment you put it in paper. A corollary is that digital dollars on your banking app is just like crypto.

Not the same, BTC can't be created / devalued at will.

Which is a not necessarily a good thing. Deflationary assets are not conducive to being used as currency.

Re: Bitcoin physical bearer instrument using NFC JavaCards

#33

Post by ursuscamp »

V__ wrote: post #9
brianf0 wrote: post #5

Earlier quoted context omitted.

This is reductive. It may bear some resemblance to cash but it's more like a voucher, and the actual value is transferred on an immutable ledger. Wish Hacker News wasn't so curmudgeonly about crypto and actually tried to imagine the multitude of ways it would improve society if adopted.

I'm not going to argue against some benefits' crypto can have. Especially with the under banked. But it had over a decade to improve society and so far the main use case is: Trick people with tech-bro talk and then scam them.

Bitcoin, specifically, is improving society in many ways, especially in Nigeria, Argentina, the Congo, etc. Even in the West, where our money is more stable and the benefits of it are less obvious, Bitcoin mining offers great benefits to energy grids.

Re: Bitcoin physical bearer instrument using NFC JavaCards

#34

Post by classified »

brianf0 wrote: post #20
lobstrosity420 wrote: post #8

Earlier quoted context omitted.

Yeah, it’s the same thing as government issued currency the moment you put it in paper. A corollary is that digital dollars on your banking app is just like crypto.

Not the same, BTC can't be created / devalued at will.

I'd like to have what you're smoking.

Re: Bitcoin physical bearer instrument using NFC JavaCards

#35

Post by CrampusDestrus »

tastyfreeze wrote: post #7
CrampusDestrus wrote: post #2

We could print pieces of folded paper containing wallets with a standard amount of satoshi and.... wooops, we just invented cash again

Not the same. A paper wallet has actual value like a metal coin. Now if the paper wallet could not be redeemed for sats you have a pretty piece of paper like cash.

What's the value of a bitcoin? The price it took to mine it in dollars?

Re: Bitcoin physical bearer instrument using NFC JavaCards

#36

Post by csomar »

mjburgess wrote: post #17
V__ wrote: post #9

Earlier quoted context omitted.

I'm not going to argue against some benefits' crypto can have. Especially with the under banked. But it had over a decade to improve society and so far the main use case is: Trick people with tech-bro talk and then scam them.

Sorry, but can we just stop repeating the wildly unevidenced claims of the gullible and frauds? Who are the 'underbanked' ? What are their needs? What are the current solutions? There is nothing "there" in crypto. It's a scam. Go and obtain every textbook you can on amazon about blockchains, bitcoin, crypto systems etc. and investigate their authors. I've just done that: they're all part of various crypto schemes. Th…

It's okay. Only you is real.

Re: Bitcoin physical bearer instrument using NFC JavaCards

#38

Post by ursuscamp »

sjsdaiuasgdia wrote: post #30
brianf0 wrote: post #20

Earlier quoted context omitted.

Not the same, BTC can't be created / devalued at will.

It can be created at the will of the developers of the software and their ability to influence the community. Plenty of times the market value of Bitcoin has dropped drastically because one person said or did something.

Someone saying something that affects the price has nothing to do with creating new Bitcoin. That's just a function of it being a small market still, relative to larger and more deeper capital markets.

If any developers tried to convince anyone to run Bitcoin software that debased their savings, they are going to have a very bad time.

Re: Bitcoin physical bearer instrument using NFC JavaCards

#39

Post by ufo »

brianf0 wrote: post #5
CrampusDestrus wrote: post #2

We could print pieces of folded paper containing wallets with a standard amount of satoshi and.... wooops, we just invented cash again

This is reductive. It may bear some resemblance to cash but it's more like a voucher, and the actual value is transferred on an immutable ledger. Wish Hacker News wasn't so curmudgeonly about crypto and actually tried to imagine the multitude of ways it would improve society if adopted.

We can also imagine the ways that Bitcoin can make society worse. Satscard already gives some suggestions in their proposed designs, several of which reference El Salvador.

Re: Bitcoin physical bearer instrument using NFC JavaCards

#40

Post by kube-system »

tastyfreeze wrote: post #7
CrampusDestrus wrote: post #2

We could print pieces of folded paper containing wallets with a standard amount of satoshi and.... wooops, we just invented cash again

Not the same. A paper wallet has actual value like a metal coin. Now if the paper wallet could not be redeemed for sats you have a pretty piece of paper like cash.

Coins of modern currencies have fiat values far beyond their base metals.
Post reply on HN