0wing

15 ms·

91.
by 0wing 9y ago
Namely the codebase, history, delusional claims, and alternatives (other crypto-networks) that make Bitcoin obsolete. See also the false equivalency to gold: If you understand the computer science behind Bitcoin, you'll realize how rid
92.
by 0wing 9y ago
Nearly every cryptocurrency followed Bitcoins scheme, wherein massive quantities of the supply were produced for the first few weeks to a small group of users, so any later users entering these systems must than buy from those horders or sp
93.
by 0wing 9y ago
Because there's no inherent value and it's just traders making up theories, I would conclude there's this set of game theory: 1. Buy bitcoins or release media PR to pump price 2. Buy future shorts 3. Sell a large enou
94.
by 0wing 9y ago
1) Unregulated exchanges are likely operating as fractional reserve pools. Also notice how historic charts show steep, often 90° falls in spot price? Low liquidity and high latency allows exchanges to take in new deposits and delay withdraw
95.
by 0wing 9y ago
If you understand the computer science behind Bitcoin, you'll realize how ridiculous the false equivalency to gold is. 1. The claim of "rare" doesn't exactly hold true. Consider the 10,000 BTC pizza - how did this happen
96.
by 0wing 9y ago
It sounds like Lightning is attempting to solve an unsolvable NP-hard math problem regarding routing. [1] The Lightening network is mostly a gimmick attempt to save the design failures of scaling from the BTC communities refusal to increase