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Bitcoin Is Time

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Re: Bitcoin Is Time

#871

Post by trident5000 »

hannasanarion wrote: post #544
fredfoobar wrote: post #373

Earlier quoted context omitted.

I've been saying the same damn thing about automobiles man, horses already have self driving even! and they don't pollute like cars. Look at the mess we're in now! who's laughing?? Cars pollute and need roads, we had to build so many roads and gas stations. We even had to go to war to make sure we have enough oil.

This is accidentally a good analogy. Because yes, cars have made the world materially worse, not because horses are better, but because dense urban development, public transit, walking, and cycling is better. Cars are enormously wasteful, much like bitcoin is, not only because it uses way more energy than is necessary for the task it is performing (~90% of the energy used by cars is spent to move the car, not the car…

Video rendering is enormously wasteful. Nobody needs to see your TikTok video of you getting a grandma to slip on a banana peel. The list goes on. Having a global store of value where central banks cant print away peoples lifelong labor they sacrificed their time and health for sounds legitimate to me.

Re: Bitcoin Is Time

#872

Post by 99_00 »

BLKNSLVR wrote: post #822
99_00 wrote: post #668

Earlier quoted context omitted.

Everything created by people was created for a reason. Having a reason for existing doesn't mean anything.

I disagree 100%. Having a reason for existing is, literally, it's meaning. Something may become meaningless over time if the landscape changes to undermine the reasons for existence, but that underscores the point that 'reason for existence' is another way of saying 'it means something'. Bitcoin's reason for existence was the bank bailouts of 2008. It has found supplemental reason in the current economic climate of q…

You're not making a point or advancing an argument. You're just describing what you think are the reasons for Bitcoin's creation and interest.

Re: Bitcoin Is Time

#873

Post by fredfoobar »

heterodoxxed wrote: post #661
chordalkeyboard wrote: post #641

Earlier quoted context omitted.

> There are modern solutions to transportation that are superior to cars, like rail, frequent busses, and bike infrastructure, Bicycles are nice but have lower capacity for cargo and passengers; mass transit is less flexible. So they aren’t strictly superior. > Bitcoin does not solve any problem that any other transaction network technology can't solve, How else do you propose to have a distributed ledger that is res…

| How else do you propose to have a distributed ledger that is resistant to inflation? A deflationary distributed ledger has yet to prove itself as having any kind of real utility in the first place.

> deflationary distributed ledger

you just mentioned the utility right there. Is this a trick question?

Maybe you forgot "censorship resistant". I know paypal works for you or something, but not everybody has that luxury you know.

Re: Bitcoin Is Time

#874

Post by fredfoobar »

troycarlson wrote: post #665
chordalkeyboard wrote: post #641

Earlier quoted context omitted.

> There are modern solutions to transportation that are superior to cars, like rail, frequent busses, and bike infrastructure, Bicycles are nice but have lower capacity for cargo and passengers; mass transit is less flexible. So they aren’t strictly superior. > Bitcoin does not solve any problem that any other transaction network technology can't solve, How else do you propose to have a distributed ledger that is res…

Move from proof-of-work to proof-of-stake?

Proof of stake will give pervert the incentives of the network. It'll allow large stake holders to control the network, we don't want that. Proof of Work will ensure that nobody has control over the network and everyone is incentivized to participate honestly.

Re: Bitcoin Is Time

#875

Post by Noos »

hannasanarion wrote: post #587
fredfoobar wrote: post #548

Earlier quoted context omitted.

"accidentally" Do you always feel superior to other people? or is it just today?

Accidentally because opposition to bitcoin, like opposition to cars, isn't luddite rustic anti-industrialism, it's common sense advocacy for equally modern but different solutions to the problem. Bitcoin doesn't do anything that electronic banking can't do better, and it causes a lot of harm in wasted energy and space. Cars don't do anything that busses, trains, and bicycles can't do better, and they cause a lot of h…

...try bringing your cat to the vet on a bicycle in a thunderstorm, or walking fifteen minutes with him in a moderate rain to your bus stop. Try going on a date with someone with no car, or working second or third shift and have to go home in the midnight hours on a train with sketchy as hell people. Try bicycling to work with a decent cold, or having to work a 12 hour shift doing manual labor and then need to bicycle back 30 minutes.

Really, there are plenty of use cases for cars. Right now where I live its incredibly cold with biting winds, and bicycling or even walking 20 minutes to a stop and waiting in the cold would be murder.

Re: Bitcoin Is Time

#876

Post by bobthepanda »

fredfoobar wrote: post #527
_ea1k wrote: post #503

Earlier quoted context omitted.

One of the motivating factors behind late 19th century horseless carriages was the reduction in pollution. It isn't at all accurate to say that horses don't pollute. In some respects their pollution is worse.

Sir, are you telling us that instead of dealing with that small problem of pollution ( https://www.workinghorsetack.com/catch-it-manure-bag-horse-d... ), we created a whole new system for transport that requires you to build infrastructure from the ground up just to use them? I wonder why.

It wasn’t a small problem. In 1880 there were 2.5 million pounds of poop per day in New York. https://blogs.lt.vt.edu/clay10/2019/11/11/horse-manure-in-ma...

In 1880 NYC’s population was 2 million. Today there are 23 million in the metropolitan area. We probably still wouldn’t have a good way of dealing with 25M+ pounds of poop a day. And at least garbage disposal is relatively orderly; horses just pooped everywhere.

Re: Bitcoin Is Time

#877

Post by wayeq »

tekknik wrote: post #811
VRay wrote: post #806

Earlier quoted context omitted.

Everyone here knew about it when you could mine a few bitcoins per hour on a midrange laptop CPU, but we all thought it was a stupid idea. Here we are, a decade later, still sure it's a stupid idea and increasingly frustrated that the public doesn't understand that.

also don’t forget we all sold at $10-$100

i sold at 50k via a stop loss order

Re: Bitcoin Is Time

#878

Post by [deleted] »

gnrlst wrote: post #210

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…

[deleted]

Re: Bitcoin Is Time

#879

Post by fredfoobar »

bobthepanda wrote: post #876
fredfoobar wrote: post #527

Earlier quoted context omitted.

Sir, are you telling us that instead of dealing with that small problem of pollution ( https://www.workinghorsetack.com/catch-it-manure-bag-horse-d... ), we created a whole new system for transport that requires you to build infrastructure from the ground up just to use them? I wonder why.

It wasn’t a small problem. In 1880 there were 2.5 million pounds of poop per day in New York. https://blogs.lt.vt.edu/clay10/2019/11/11/horse-manure-in-ma... In 1880 NYC’s population was 2 million. Today there are 23 million in the metropolitan area. We probably still wouldn’t have a good way of dealing with 25M+ pounds of poop a day. And at least garbage disposal is relatively orderly; horses just pooped everywhere.

Are you telling me that we've built a whole sewer system for human poop, but we'll be screwed by a few million pounds of decomposable horse manure?

Re: Bitcoin Is Time

#880

Post by ahallock »

arcticbull wrote: post #688
chordalkeyboard wrote: post #641

Earlier quoted context omitted.

> There are modern solutions to transportation that are superior to cars, like rail, frequent busses, and bike infrastructure, Bicycles are nice but have lower capacity for cargo and passengers; mass transit is less flexible. So they aren’t strictly superior. > Bitcoin does not solve any problem that any other transaction network technology can't solve, How else do you propose to have a distributed ledger that is res…

> Bicycles are nice but have lower capacity for cargo and passengers; mass transit is less flexible. So they aren’t strictly superior. Mass transit in much of the world is perfectly acceptable. You build cities around transit, walking and biking instead of giant chasms between buildings. This is not a problem that exists in Europe. You don't have to get rid of all cars, just most of them. And the best way to start is…

Exactly, you purchase BTC instead of watching the value of your fiat drop every day. Apps like Celsius offer far superior APY than traditional savings accounts. Also, look at all the institutional BTC purchases near BTC ATH. Are they all wrong?
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