Bitcoin swings as civil war looms • Hacker News Board

Re: Bitcoin swings as civil war looms

#71

Post by shallot_router » Thu, Jul 20, 2017, 5:46 PM UTC

swiley wrote: post #10

ganoushoreilly wrote: post #9

Earlier quoted context omitted.

I think it's implying the argumentative state when currencies are brought up. There's a lot of emotions wrapped around all the nonsense of forks, the random thefts, and general new but somewhat difficult to understand technology. For most people it doesn't serve a purpose outside of what they're reading (I own a few bitcoin that I mined back in 09, but I'm never really compelled to use them for anything due to headac…

I've never quite understood the argument that bitcoin are difficult to spend. I have bought things with them and it's so much easier than credit cards! You open a wallet app, point your phone at your computer and tap yes, done. Credit cards you have to (optionally) make sure the site won't steal your number, go get your physical wallet, fill out a rather long form (that sometimes throws an error and makes you fill it…

Here's what I ran into the other day.

I go to a website and click a "Pay with Bitcoin" button and am taken to a page where I have to send X BTC to Y address. Ok, easy to copy and paste them, I've done this plenty of times in the past.

And then I see "don't pay directly from an exchange!" because they take longer to send transactions or don't pay enough in transaction fees or something. I used a regular local wallet for a time but have been using Coinbase as my wallet ever since, and now that won't work. I've normally been able to pay via Coinbase very easily. Let's just download the blockchain...

120 GB? Well, better grab an old external hard drive...

26 hours to sync, despite my 200 Mbps cable connection? I guess I'm not paying with Bitcoin today.

I can definitely see how paying with Bitcoin could be annoying to an average consumer nowadays.

Re: Bitcoin swings as civil war looms

#72

Post by and0 » Thu, Jul 20, 2017, 7:47 PM UTC

MarkPNeyer wrote: post #70

and0 wrote: post #57

Earlier quoted context omitted.

Most people don't think about the value of the dollar or the conveniences of modern banking because it's become such a transparent part of our daily lives. That would very obviously change if it went away. I also lament the "rapid centralization of wealth" but fail to see how Bitcoin or your worldview in general (as the opposite of a "Statist", I'm assuming) would do anything except accelerate this process. Most peop…

> Pro tip: when your arguments are to literally start questioning reality Saying "reality isn't stable" is a description of the dynamics of reality, not a claim that realty doesn't exist. > However it is refreshing to see a libertarian actually admit the sort of mental gymnastics their worldview requires. I've yet to see any evidence you think would change your view. The evidence that would change my view on this is…

If someone found a valid use-case or actual market for Bitcoin outside of speculation that provided real value to everyday people. Or if the myriad of issues I've brought up had a solution and wouldn't just get worse with at scale. Until then, it's Beanie Babies with some cool math.

But I can also think in terms of hypotheticals and don't require Bitcoin fail entirely (or the USD to behave perfectly) to judge it, or tell that it's current value is tied to ideological and/or speculative wishfulness.

Re: Bitcoin swings as civil war looms

#73

Post by lz400 » Fri, Jul 21, 2017, 12:38 AM UTC

cloakandswagger wrote: post #60

lz400 wrote: post #51

Earlier quoted context omitted.

I don't know about others but to me anyone that uses a term like "statist", "cuck", "libtard" and stuff like that automatically makes me disconnect.

Note to other readers: The comment in question only used the term "statist", this poster just implied the usage of the 4chan ad hominems for increased effect.

Yeah, statist carries the same kind of close minded biased teenage baggage as "cuck", at least to me.