Geee

44 ms·

781.
by Geee 5y ago
I've always thought that he had a brain wallet, and his bitcoin are the bounty for reviving him.
782.
by Geee 5y ago
They could force exchanges to hand over funds from those addresses, if they're ever deposited there. Forcing a hard fork is not practically possible.
783.
by Geee 5y ago
I think summm's comment was mocking anti-bitcoiners, but some people probably took it seriously.
784.
by Geee 5y ago
Exactly. If payments / incentives are required, then Bitcoin can be used. For example, there's decentralized Sphinx Chat which runs on the Bitcoin lightning network: https://sphinx.chat I haven't seen any of the &
785.
by Geee 5y ago
This short documentary about Bitcoin in Africa makes it easier to understand why Bitcoin is important in developing (or authoritarian) countries. It'll answer some of those questions. https://www.youtube.com/watch?v=r7l
786.
by Geee 5y ago
It doesn't make sense yet, because it's currently too profitable to warrant such optimizations. Cheap energy is enough to be competitive.
787.
by Geee 5y ago
There's also the need to heat water, and that requires resistive heaters. Also, heat pumps don't really work in colder climates as the only heat source. Resistive heating is the most common way to heat spaces with electricity.
788.
by Geee 5y ago
PoW generates heat, which is not waste, if it is utilized. The endgame of Bitcoin mining is that every bit of heat is utilized, because that's the only way mining will be profitable. Running these miners is profitable even without bloc
789.
by Geee 5y ago
The worst economic crisis that's ever been seen. Global turmoil and revolts. USA splits in multiple countries.
790.
by Geee 5y ago
Not just the human brain, but anything that is intelligent . Life itself is a prediction machine. Evolution selects for prediction power in an energy-constrained environment.
791.
by Geee 5y ago
Yep, I have been thinking that human behavior seems rational in hindsight because darwinism is rational. The most rewarding actions result in better survival of the actor and their ideas. Even if everyone acts completely randomly, rationali
792.
by Geee 5y ago
That's exactly why they're printing so much money. Deflation would cause a deflation spiral - i.e. a short squeeze on the dollar. They can keep doing it, but it's basically a mass-scale confiscation of assets from people. Not
793.
by Geee 5y ago
Customer price index is based on average consumer behavior. The tricky thing is that consumer behavior changes when prices rise. For example, when the price of meat rises, consumers start substituting it with cheaper alternatives. If the ol
794.
by Geee 5y ago
Bitcoin is open-source software. Users decide which version they want to run. Developers and miners can't force users to switch to another version. Some miners tried to force an upgrade on users in 2017 which was averted with a threat
795.
by Geee 5y ago
There's no way anyone wants to use metaverse that's controlled by FB.
796.
by Geee 5y ago
DCA is a good strategy when the asset is very volatile, and you want to minimize the timing risk. If you're buying a low volatility index fund, then it doesn't make sense. This applies only when you have a large amount of money to
797.
by Geee 5y ago
Why wouldn't it work? I've used it many times and it works fine. Also it's far from its final version as of now.
798.
by Geee 5y ago
In long term it should replace other forms of money and assets that are used for storing value. Demand stops growing when everyone uses it, and the value will stabilize.
799.
by Geee 5y ago
The best strategy is to buy regularly with the same amount of dollars without thinking about the current price. Just think of it as your long-term savings account, and your expectation should be to beat inflation.
800.
by Geee 5y ago
With Bitcoin, it's not a good idea to sell at all. Just wait how it plays out over the years and replaces the existing monetary system. It's much more fun playing the long game, than trying to time the ups and downs. However, if y
801.
by Geee 5y ago
True decentralization means that every end user can choose which version of the software they want to run and how the software runs. This is only possible if they can run the software on their own hardware, in the event that they don&#x27
802.
by Geee 5y ago
It's not the same Big Mac. It's smaller and lower quality. Check out https://www.reddit.com/r/shrinkflation/ which has posts about products that get smaller.
803.
by Geee 5y ago
So, he hasn't heard of Bitcoin? You don't need all these regulations if you just fix money. Central bank controlled interest rates and inflationary monetary policies are the root of this problem. There's no way for these mono
804.
by Geee 5y ago
Venture capitalists not being able to profit from non-token decentralized apps.
805.
by Geee 5y ago
To me it seems like a honest criticism on the inefficiency of government allocation of tax payer's money. There's nothing wrong with voicing your opinions that way. I feel that people just don't like it if someone disagrees w
806.
by Geee 5y ago
Why? It's a perfectly fine comment on the topic of taxes.
807.
by Geee 5y ago
I can't flag or vouch comments, but the flag seems to be removed now.
808.
by Geee 5y ago
It's designed to be money. Store of value is the most important property of money. In this, bitcoin is very similar to gold. Another one is to be medium of exchange, which bitcoin does better than gold, and thus can avoid the centraliz
809.
by Geee 5y ago
Some exchanges have been known to blacklist addresses, because they might have to follow certain AML/ATF orders. That's also why they don't accept completely anonymous cryptocurrencies like Monero at all. Legitimate merchants
810.
by Geee 5y ago
Where are your customers located at? Using bitcoin is not difficult (it's easier than CC), but acquiring it can be a UX hurdle for new users, and it depends on services that are locally available. In the US, Strike is probably the easi

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