The Guns of Bitcoin (2017)

#1

Post by rfreytag » Mon, Jul 20, 2020, 8:24 PM UTC

The Guns of Bitcoin (2017)
medium.com

Re: The Guns of Bitcoin (2017)

#2

Post by natch » Tue, Jul 21, 2020, 4:51 PM UTC

Wow, app wall, that’s a new one. “Download the app or create an account to read.”

Re: The Guns of Bitcoin (2017)

#3

Post by seibelj » Tue, Jul 21, 2020, 5:07 PM UTC

> What makes dollars valuable is that the government wants them back.

Very common misconception. Dollars have value because there is demand for them (governments, other governments, other people and institutions). Bitcoin also has value because there is demand for it. As does your house, expensive art, etc.

Why does anything have value? Because someone else will pay your for it. I can say my pencil is worth $1 billion, but it doesn't really unless someone else will execute the trade.

Re: The Guns of Bitcoin (2017)

#4

Post by gt2 » Tue, Jul 21, 2020, 5:07 PM UTC

natch wrote: post #2

Wow, app wall, that’s a new one. “Download the app or create an account to read.”

Seen it. Most recently was trying to view a reddit on mobile. Said download the app or take a hike. Circumvented by doing 'request web view' option (in mobile safari)

Re: The Guns of Bitcoin (2017)

#5

Post by varbhat » Tue, Jul 21, 2020, 5:08 PM UTC

natch wrote: post #2

Wow, app wall, that’s a new one. “Download the app or create an account to read.”

https://outline.com/VBSEgq

Re: The Guns of Bitcoin (2017)

#6

Post by varbhat » Tue, Jul 21, 2020, 5:09 PM UTC

https://outline.com/VBSEgq

Read without annoying app/account wall

Re: The Guns of Bitcoin (2017)

#7

Post by rboyd » Tue, Jul 21, 2020, 5:11 PM UTC

tired old arguments

Re: The Guns of Bitcoin (2017)

#8

Post by atemerev » Tue, Jul 21, 2020, 5:11 PM UTC

Well it is possible to pay some (municipal-level) taxes in Switzerland in Bitcoin. That’s a start. As for the guns — how about, say, using Bitcoin in lieu of dollars for petroleum and other import-export settlements? You can’t sanction Bitcoin, you know.

Re: The Guns of Bitcoin (2017)

#9

Post by louwrentius » Tue, Jul 21, 2020, 5:13 PM UTC

I would like to see a total ban/block of any kind of cryptocurrency articles on HN. I'm happy to include my own, if that's what it takes.

https://louwrentius.com/cryptocurrencies-are-detrimental-to-...

Re: The Guns of Bitcoin (2017)

#10

Post by [deleted] » Tue, Jul 21, 2020, 5:15 PM UTC

seibelj wrote: post #3

> What makes dollars valuable is that the government wants them back. Very common misconception. Dollars have value because there is demand for them (governments, other governments, other people and institutions). Bitcoin also has value because there is demand for it. As does your house, expensive art, etc. Why does anything have value? Because someone else will pay your for it. I can say my pencil is worth $1 billio…

[deleted]