G3n0t

5 ms·

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by G3n0t 6y ago
Non sense. Linux makes many details about computers much more explicit than Windows does. Even installing Ubuntu teaches you something about how computers boot, what partitions are and file systems do. Linux also makes it easy to get starte
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by G3n0t 6y ago
The article does not contain many well founded arguments. However, I'd like to ask this question: Is an asset price inflation a Ponzi scheme? In other words: Would Bitcoin critics describe a housing bubble in which many people suddenl
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by G3n0t 6y ago
> But you can’t actually use Bitcoin for anything? Well, in US and Europe this is certainly true. I've yet to see a reasonably large shop accepting bitcoins. But my vision is blurred by the fact I am living in a wealthy Western coun
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by G3n0t 6y ago
I didn't mean to imply Bitcoin shouldn't be criticized. But saying Bitcoin simply wastes energy by applying a "proof of work" scheme is totally naive. It's not easy to replace and the advantages and risks of "p
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by G3n0t 6y ago
Well, "SWIFT" international bank transactions require up to 5 work days. Here in Germany, sending money from one bank to another still takes at least one up to three _work_ days. So in the worst case, you're wiring money to s
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by G3n0t 6y ago
> Proof of work is inherently wasteful. But it's a necessary evil for a _distributed_ currency. It's a way to protect payment validation from being controlled by a single operator by making a "hostile take over" very
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by G3n0t 6y ago
The question of value is one of the most fundamental ones in economic theory. It's got nothing to do with crypto currencies or technology in general. If you really want to understand why we consider Bitcoin valuable (and btw: fiat mone