4 ms·

> Bitcoin is saving the world. It saved my world, and millions of others. All the things HN pundits love to talk about, but when it comes to actually making t

by LAMike 6y ago

> Bitcoin is saving the world. It saved my world, and millions of others. All the things HN pundits love to talk about, but when it comes to actually making the world a better place, people like you become Luddites and naysayers. HFSP

adwn 6y ago
> It saved my world, and millions of others. How? Be specific. > [...] but when it comes to actually making the world a better place [...] How is Bitcoin making the world a better place? Be specific. > HFSP I had to look this one up. For anyone wondering, apparently it means "Have Fun Staying Poor".
- LAMike 6y ago
  How is Bitcoin making the world a better place? Be specific. Improving the lives of 100 million people by giving them a way to save money without a government agency. If you can't figure out why that has value, you're probably are a beneficiary of anglo centric privilege, and in that case I hope you NEVER buy any BTC. > I had to look this one up. Remember it. It won't be the last time someone says this to you
pessimizer 6y ago
> It saved my world, and millions of others. It definitely didn't. It may have made you money, or given you a creative programming outlet, or friends. You could also get that from dealing large amounts of cocaine, but you wouldn't be able to pretend you were a revolutionary.
- LAMike 6y ago
  You have no idea about me or my background. Stop trying to tell ME what I have experienced. 100 Million people have benefitted from Bitcoin and it's censorship resistant network. If you can't figure out why this trillion dollar network has value, I can honestly say I am jealous of your financial and anglo centric privilege and hope you never acquire any Bitcoin, you obviously don't deserve it.
DasIch 6y ago
Bitcoin being a net-negative investment doesn't exclude the possibility of a few winners. Much like some people do actually benefit from pyramid schemes.
- LAMike 6y ago
  Comparing Bitcoin to a pyramid scheme is a low IQ take, even for HN. Please do like the OP and make better FUD so we can clown you in the comments further. Also, Bitcoin is a net-positive for the environment no matter how "mean" people like me are to you. Run the numbers
  - DasIch 6y ago
    If bitcoin stopped existing today, the environment would be better off because right now the impact is negative. It could only become net-positive, if there are changes in the future. Even if you believe such changes will happen, I think you'll have to agree that this is speculation. It's not net-positive for the environment, it might be net-positive for the environment. That's unrelated to it being negative-sum though. Running the numbers on this is trivial. You can only profit from bitcoin by selling it to someone else for more than you paid for it. Inevitably for some people to profit, some people have to lose a corresponding amount. This alone would make bitcoin zero-sum. Some people, miners, are special though in that they are by design always making a profit. That they extract from the network making bitcoin negative-sum. As a consequence it's positive only for those people who find a loser to sell to, are miners or "shovel" makers (electricity, hardware, ...)
    - LAMike 6y ago
      I suggest you take a look at the stranded energy market and rethink your premise. Energy is, at this moment, being overproduced by design The reason for this is because in case there is an emergency (like a snowstorm in TX) energy producers can switch on overdrive and heat homes. By increasing the amount of energy capacity we have, we become more resilient to situations that require massive amounts of energy. Society needs an increase in energy production in order to uplift the lifestyle of the world, there is no way around that.
jenoer 6y ago
The toxicity of a lot of Bitcoin advocates' comments on HN does not exactly make me feel like being invited to a fun movement. "Have Fun Staying Poor" is in my opinion a disgusting remark to make to complete strangers.
- LAMike 6y ago
  > does not exactly make me feel like being invited to a fun movement I heard Ethereum has a GREAT community, they even do synchronized dances in Unicorn outfits! Also they are moving towards PoS, so it won't boil the oceans like BTC. You should really look into it! People from SV/HN find it much friendlier than the toxicity in the BTC community.

by LAMike 6y ago

adwn 6y ago

> It saved my world, and millions of others. How? Be specific. > [...] but when it comes to actually making the world a better place [...] How is Bitcoin making the world a better place? Be specific. > HFSP I had to look this one up. For anyone wondering, apparently it means "Have Fun Staying Poor".

LAMike 6y ago
How is Bitcoin making the world a better place? Be specific. Improving the lives of 100 million people by giving them a way to save money without a government agency. If you can't figure out why that has value, you're probably are a beneficiary of anglo centric privilege, and in that case I hope you NEVER buy any BTC. > I had to look this one up. Remember it. It won't be the last time someone says this to you

pessimizer 6y ago

> It saved my world, and millions of others. It definitely didn't. It may have made you money, or given you a creative programming outlet, or friends. You could also get that from dealing large amounts of cocaine, but you wouldn't be able to pretend you were a revolutionary.

LAMike 6y ago
You have no idea about me or my background. Stop trying to tell ME what I have experienced. 100 Million people have benefitted from Bitcoin and it's censorship resistant network. If you can't figure out why this trillion dollar network has value, I can honestly say I am jealous of your financial and anglo centric privilege and hope you never acquire any Bitcoin, you obviously don't deserve it.

DasIch 6y ago

Bitcoin being a net-negative investment doesn't exclude the possibility of a few winners. Much like some people do actually benefit from pyramid schemes.

LAMike 6y ago
Comparing Bitcoin to a pyramid scheme is a low IQ take, even for HN. Please do like the OP and make better FUD so we can clown you in the comments further. Also, Bitcoin is a net-positive for the environment no matter how "mean" people like me are to you. Run the numbers
- DasIch 6y ago
  If bitcoin stopped existing today, the environment would be better off because right now the impact is negative. It could only become net-positive, if there are changes in the future. Even if you believe such changes will happen, I think you'll have to agree that this is speculation. It's not net-positive for the environment, it might be net-positive for the environment. That's unrelated to it being negative-sum though. Running the numbers on this is trivial. You can only profit from bitcoin by selling it to someone else for more than you paid for it. Inevitably for some people to profit, some people have to lose a corresponding amount. This alone would make bitcoin zero-sum. Some people, miners, are special though in that they are by design always making a profit. That they extract from the network making bitcoin negative-sum. As a consequence it's positive only for those people who find a loser to sell to, are miners or "shovel" makers (electricity, hardware, ...)
  - LAMike 6y ago
    I suggest you take a look at the stranded energy market and rethink your premise. Energy is, at this moment, being overproduced by design The reason for this is because in case there is an emergency (like a snowstorm in TX) energy producers can switch on overdrive and heat homes. By increasing the amount of energy capacity we have, we become more resilient to situations that require massive amounts of energy. Society needs an increase in energy production in order to uplift the lifestyle of the world, there is no way around that.

jenoer 6y ago

The toxicity of a lot of Bitcoin advocates' comments on HN does not exactly make me feel like being invited to a fun movement. "Have Fun Staying Poor" is in my opinion a disgusting remark to make to complete strangers.

LAMike 6y ago
> does not exactly make me feel like being invited to a fun movement I heard Ethereum has a GREAT community, they even do synchronized dances in Unicorn outfits! Also they are moving towards PoS, so it won't boil the oceans like BTC. You should really look into it! People from SV/HN find it much friendlier than the toxicity in the BTC community.