971–980 of 1001 posts
With quantum computing growing rapidly, aren't all blockchains in danger of being decrypted and drained in the future?
Like airplanes falling from the sky and national power grid outages type of problems.
An astonishing poor decision from the SEC.
Pretty much endgame level for Bitcoin.
for Bitcoin critics
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Why? Supply and demand. If there is demand then it's fine. If there isn't any thats ok as well.
Its climate arson.
No Bitcoin, you were meant to destroy them. Not give them an extra avenue to make profits.
The strong anti-Bitcoin sentiment on HN is still amusing. It goes way back - 13 years or more. Having read many of these negative comments, I think part of this sentiment boils down to the commenter seeing no point to Bitcoin. Just this thread has examples. It must be more than a little annoying to feel very strongly that Bitcoin is pointless, but to also notice that it's still here. Year after year. If that shoe wer…
I view Bitcoin the same way I view Herbalife. I don't have any issue with the product. I'm bothered by the misleading claims made by proponents to benefit themselves.
The strong anti-Bitcoin sentiment on HN is still amusing. It goes way back - 13 years or more. Having read many of these negative comments, I think part of this sentiment boils down to the commenter seeing no point to Bitcoin. Just this thread has examples. It must be more than a little annoying to feel very strongly that Bitcoin is pointless, but to also notice that it's still here. Year after year. If that shoe wer…
The whole premise of burning energy just for “proof of work” is what I hate. I work in architecture and year after year the industry is pushing to squeeze every last bit of energy efficiency out of everything. Meanwhile bitcoin is like “BURN SOME COAL TO ACCOMPLISH LITERALLY NOTHING USEFUL! AND KEEP DOING IT FOREVER!” And the crypto people will always bring up “Mining gold just to make gold bars is a waste of energy…
Compare that to the fiat system, do you get to vote for who runs the Federal Reserve? Can you verify the current supply of the US dollar or the maximum limit of dollars that can be printed?
Very privileged take to assume Bitcoin doesn't "ACCOMPLISH LITERALLY NOTHING USEFUL", when millions of people are using it to save and send for 15 years, and over 100 TRILLION dollars has been settled on the network.
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>Bitcoin also doesn't need the approval of any person, police force, legislative body, military, or government. If you start from scratch with a non-exchange wallet and get paid in BTC for something to it, sure. But if you want to get in with any fiat, you're going through an exchange, which means KYC, which means you definitely need the approval of the exchange (and by proxy your local government/tax authority). It…
> If you start from scratch with a non-exchange wallet and get paid in BTC for something to it, sure. I believe the original idea was that, to start from scratch, you would just leave the Bitcoin software running on your computer for a while, since that software not only hosted your wallet but also contained a miner. After a while, you would get lucky and receive 50 Bitcoins. Of course, that stopped working once mini…
Have you heard of this new technology called a "J.O.B"? It enables people to trade labor for currency.
The next ten years will be about how to earn Bitcoin through skilled labor, not mining on your PC.
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It's hard for humans to put ego aside and admit they were wrong. Also hard to put emotion aside and forget the pain of missing out from $100 to $45k. I think there's still an easy 10X to match Gold and 100X is possible if it becomes the world's preferred reserve asset
Imagine thinking you can prove that an argument is settled due to price movements. Bitcoin may go to a billion and it won't change the fundamental premise: You can have ALL the Bitcoin in the world, all of it, and if there's no buyer outside, nobody willing to trade anything for it you have nothing. Now use the same argument with all the land in US, all the crop in India, all the fish in the Pacific, all the gold in…
The strong anti-Bitcoin sentiment on HN is still amusing. It goes way back - 13 years or more. Having read many of these negative comments, I think part of this sentiment boils down to the commenter seeing no point to Bitcoin. Just this thread has examples. It must be more than a little annoying to feel very strongly that Bitcoin is pointless, but to also notice that it's still here. Year after year. If that shoe wer…
> I'd challenge people who hold negative views on Bitcoin to name some other systems for which this holds true. Pointless challenge, those aren't good qualities. Also money is worthless, unless you like looking at pieces of paper depicting death national heroes, it's worthless, don't understand why are bitcoiners fixated giving money value. It's just meant to be traded not hoarded. It had a value when it was pegged t…
How do you live life if you think money is worthless?