571–580 of 1001 posts
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> Happy to be downvoted into negative territory. I see another comment on top doing the same. Why do people start with this? If you don't bother you should not even brought that up. Seems like an underhanded way of getting more points. Do people even fall for this?
> Do people even fall for this? According to OP's comment, it has received 76 - 11 = 65 karma as of now.
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So it's a 100% premine that already pushes on 1 billion market capitalization. How is that any different from the Bitcoin bubble?
Valid observation. The difference is that bitcoin isn’t a premine.
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"accidentally" Do you always feel superior to other people? or is it just today?
I think it was “accidentally” because your earlier post came off as sarcastic.
Look at the ecological damage humans have caused! Several other animals extinct because of us, we've taken over their space on earth too. Our greed has caused this.
We must boycott all new things until nature heals.
I'm ready to be downvoted to oblivion, especially by all the Bitcoin purists, but I hope my message sparks at least some curiosity. Bitcoin is getting "weaker" every year for several reasons: - emerging centralization due to economies of scale. If this trend continues the mining power will be so consolidated that a 51% attack will be likely. The Nakamoto coefficient is already at 4, and tending towards 3. - energy us…
The market has spoken: https://www.tradingview.com/symbols/NANOBTC/ .
Let me fix that title. Happy to be downvoted into negative territory. I only have 11 points. Go ahead. "Bitcoin Is A Waste of Time (and Resources)" What Bitcoin has done is that it taught people they can come together in a sustained flash mob (like an on-the-fly hedge fund operation) and manipulate the price of speculative assets by creating artificial short-term pump-n-dump type demand. Bitcoin has trained our colle…
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I recently decided to think deeply about Bitcoin and I think my initial skepticism about Bitcoin was wrong. Most of the criticisms of Bitcoin are centered around the fact that Bitcoin has a very low throughput. However this is not necessarily a problem. And here is one hypothetical example of how we can overcome this issue: When countries owe each other money they used to transfer gold back and forth or trust someone…
One of the properties of gold that roughly held true for centuries was a stable value. When gold threatened to become too scarce for a growing economy the incentive to mine, explore, and develop new mining technology increased. Goldbugs often point out that an ounce of gold has always been close to the price of a nice suit (admittedly a fuzzy measure, and it’s sometimes a really nice suit, and sometimes just a really…
But it's always kind of vague what is fundamentally different about this imaginary, perfected version of bitcoin. Is it the block size, i.e. Bitcoin Cash is really the ideal bitcoin? Seems highly debatable, but anyhow, the block size is a debate about tradeoffs between centralization and throughput rather than an obviously embarrassing decision. Or is it more about the issuance schedule and supply cap?
Generally, if the current bitcoin is an embarrassing beta version that we're stuck with due to network effect, what does the better bitcoin look like? Does it exist already? That seems like a more interesting conversation than a meta-discussion about why we're stuck with this "dumb beta version" or why bitcoin maximalists are so mean.
Let me fix that title. Happy to be downvoted into negative territory. I only have 11 points. Go ahead. "Bitcoin Is A Waste of Time (and Resources)" What Bitcoin has done is that it taught people they can come together in a sustained flash mob (like an on-the-fly hedge fund operation) and manipulate the price of speculative assets by creating artificial short-term pump-n-dump type demand. Bitcoin has trained our colle…
Why do you think young people today are willing to take these extreme risks? Casinos and speculative instruments existed decades ago. I think it's because of the massive economic inequality that people experience today. Working an unskilled, or even a skilled job doesn't go as far today as it has in the past. Many people have internalized that they will never be as "successful" or as rich as their elders. Given that…
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Horses will work on YOUR schedule, and it's socially distanced during COVID.
with Animals being protected in my corner of the world, the way I'm neglecting my daily beater might land me in jail if it were a horse.......
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Bitcoin solved the double-spending problem. A problem long ago solved by centralized banking at significantly lower energy costs. You speak of continuing to allow wasteful energy expenditures in analogy to going to the moon and building the LHC, but if we already know how to solve double-spending problem at lower energy costs, why should we allow bitcoin? So I ask in good faith, what problem did bitcoin solve that no…
Bitcoin solved the double spending problem in a decentralized system . This has numerous consequences, among them the possibility of creating a currency that doesn't rely on a centralized authority, trust minimization, immutability, etc. To me this has the potential to automate many jobs.
Blockchain will not automate any jobs because it is technologically no different from a database. The fact that transactions are recorded digitally is not a new invention, banks have been doing that since the 60s.