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> You are clearly anti-cryptocurrency and there are lots of reasons to have a strong opinion about it. I'm glad you know my opinions better than I do. :) > Th
by md_ 5y ago
> You are clearly anti-cryptocurrency and there are lots of reasons to have a strong opinion about it.
I'm glad you know my opinions better than I do. :)
> The fundamental technology is like giving away the key.
Which fundamental technology? EMV is not, nor are the delegated payment models of PayPal/Apple Pay/Google Pay, nor the similar models supported by some European banks. Static credit card numbers are indeed, but this isn't fundamental to centralized payments; if your primary goal is to eliminate shared-secret payment schemes, Bitcoin is overkill, obviously.
Conversely, if what you think is great about cryptocurrency is that it avoids shared secrets, you're really missing the key innovations and advantages. :)
> This was not about BTC specifically so that fee discussion is a straw man.
Sure, but POW has an inherent economic requirement that workers get paid, either via fees or via currency devaluation. Can you name a POW scheme where what I said is not true?
> You just sort of throw out Apple Pay like it's automatically going to be as good as or better than some cryptocurrency without argument.
No, I threw it out as a specific payment technology that supports online payments without giving payees an ability to impersonate payers. Am I wrong?
> Which is just your bias against cryptocurrency.
I think you may have misunderstood me.
That being said, "cryptocurrency" isn't a protected class. You can't be "cryptocurrencyist". However, I do tend to think that, like Jesus, a lot of cryptocurrency's biggest fans don't actually know how it works or what it's all about, and they tend to be among the loudest on online forums, sadly. ;)
- ilaksh 5y agoYou are insulting me in a sneaky way suggesting I don't understand cryptocurrency and also the emoticons are insults and express smugness. Comments like yours are the reason I should stop trying to participate online. People who really understand cryptocurrency don't espouse private payment systems. Your misplaced smugness is extremely infuriating. I would appreciate it if you would never reply to me again.