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So you don't think it's valuable to give people power over their incompetent government? 7tps on the base layer, you're ignoring layer 2s and all other places

So you don't think it's valuable to give people power over their incompetent government? 7tps on the base layer, you're ignoring layer 2s and all other places where you can exchange crypto without it being recorded on the blockchain, as a matter of fact, unless you're buying directly from a miner, the single transaction that you use to put it in your wallet actually corresponds to many other transactions elsewhere. > (supposedly of criminal origin) Big bold claims also require some proof. It's a decentralized protocol that can't be controlled by anyone. Do you really trust that your gov and the politicians/bankers have your best interest at heart?

dandanua 6y ago
Here [1] is just a recent proof, the complete list of proofs is too big. I don't have much trust in my government either (Ukraine), but at least I know who they are. Also there are many other ways to store a value. [1] https://news.ycombinator.com/item?id=26811111 https://news.ycombinator.com/item?id=26811111
- rawtxapp 6y ago
  So an exchange get's hacked and that makes the origins of Bitcoin criminal? That's like if a bank got hacked and we said US dollar's origin was criminal, it doesn't make any sense. So if you don't trust them, why would you let them control your money, knowing them doesn't change much. Sure there are other ways and people are free to choose whichever one they prefer.
ben_w 6y ago
> Do you really trust that your gov and the politicians/bankers have your best interest at heart? On a scale of 0-1, representing my estimate of P(no catastrophic economic/valuation failure in any given year), my trust is: {Government (German): 0.99, Government (UK): 0.85, Politicians (UK): 0.67, Bankers (collectively and internationally): 0.95, BTC: 0.15, Cryptocurrencies in general: 0.05}. > you're ignoring layer 2s and all other places where you can exchange crypto without it being recorded on the blockchain, Thus negating all the so-called benefits of the Blockchain, but without the benefits of a double-entry bookkeeping database audited by professionals and with public liability insurance.
NicoJuicy 6y ago
> Big bold claims also require some proof. It's a decentralized protocol that can't be controlled by anyone. https://en.m.wikipedia.org/wiki/GHash.io https://en.m.wikipedia.org/wiki/GHash.io

dandanua 6y ago

Here [1] is just a recent proof, the complete list of proofs is too big. I don't have much trust in my government either (Ukraine), but at least I know who they are. Also there are many other ways to store a value. [1] https://news.ycombinator.com/item?id=26811111 https://news.ycombinator.com/item?id=26811111

rawtxapp 6y ago
So an exchange get's hacked and that makes the origins of Bitcoin criminal? That's like if a bank got hacked and we said US dollar's origin was criminal, it doesn't make any sense. So if you don't trust them, why would you let them control your money, knowing them doesn't change much. Sure there are other ways and people are free to choose whichever one they prefer.

ben_w 6y ago

> Do you really trust that your gov and the politicians/bankers have your best interest at heart? On a scale of 0-1, representing my estimate of P(no catastrophic economic/valuation failure in any given year), my trust is: {Government (German): 0.99, Government (UK): 0.85, Politicians (UK): 0.67, Bankers (collectively and internationally): 0.95, BTC: 0.15, Cryptocurrencies in general: 0.05}. > you're ignoring layer 2s and all other places where you can exchange crypto without it being recorded on the blockchain, Thus negating all the so-called benefits of the Blockchain, but without the benefits of a double-entry bookkeeping database audited by professionals and with public liability insurance.

NicoJuicy 6y ago

> Big bold claims also require some proof. It's a decentralized protocol that can't be controlled by anyone. https://en.m.wikipedia.org/wiki/GHash.io https://en.m.wikipedia.org/wiki/GHash.io