Quindecillion

9 ms·

31.
by Quindecillion 3y ago
You will be doing that for the rest of your life as you watch Bitcoin's purchasing power rise against fiat's falling purchasing power.
32.
by Quindecillion 3y ago
> real cash How much of that "real cash" is there right now? No one really knows. How much of that "real cash" will there be in the future? No one knows. What happens to the value of something when you can digitally c
33.
by Quindecillion 3y ago
Satoshi only ever moved some Bitcoin a couple of times in the very beginning. Otherwise none of his confirmed Bitcoin has ever moved. It's very likely that those funds are lost forever, but there's no way to ever confirm. > I w
34.
by Quindecillion 3y ago
No, just a regular set of eyes. https://btcmap.org/map#3/0.00000/0.00000 Maybe try opening them?
35.
Startup Catches Waste Methane to Power Data Centres(weforum.org)
1 points by Quindecillion 3y ago|0 comments
36.
by Quindecillion 3y ago
Yep. I can understand why you would dismiss it if you haven't taken the time to really understand it, or just been fed a stream of anti-Bitcoin propaganda to fool you into thinking you're "informed" about it. But it&#x27
37.
by Quindecillion 3y ago
I agree. All of crypto passes the Howey test for securities. Bitcoin doesn't match that definition though. Who or what entity is the 'promoter' or 'third party' for Bitcoin? There's no registered entity, no (le
38.
by Quindecillion 3y ago
Bitcoin is the future, not cryptocurrencies. No one is going to use a company's token as money in any meaningful way at scale. Only Bitcoin will be used as money the way we understand money now because it's an open and neutral pro
39.
by Quindecillion 3y ago
It's not a security. It's not a commodity either. It's money. You may not agree with that and you may not like Bitcoin, but that doesn't change what it is.
40.
by Quindecillion 3y ago
> the network was being guided by a company set on limiting bitcoin throughout while building the L2 lightning network to solve that problem outside the bitcoin protocol What company are you talking about exactly? > When you say crypt
41.
by Quindecillion 3y ago
> Hasn't Bitcoin largely failed in these goals though? No? It has been enormously successful over the last 14 years. Adoption is occurring exactly how you'd expect for a new form of digital gold/money that is outside of st
42.
by Quindecillion 3y ago
Life is much easier when you turn arguments against things you don't like into straw-men. I can see what you'd do that.
43.
by Quindecillion 3y ago
Bitcoin is an open source protocol. Open, neutral, accessible to everyone, decentralised, censorship resistant etc. Every other crypto project is a product/service created by a company or "foundation". There's a business
44.
by Quindecillion 3y ago
Won't find me disagreeing with everything you said there about the broader crypto industry. It's nothing more than a massive affinity scam. But you're making an error if you're lumping Bitcoin in with "crypto".
45.
by Quindecillion 4y ago
I thought they were pretty clear on where the line is drawn. Gary Gensler and Rostin Behnam consider Bitcoin a commodity in the crypto space, so would be regulated by the CFTC. Every other crypto (probably even Ethereum) is a security, and
46.
by Quindecillion 4y ago
Permissionless
47.
by Quindecillion 4y ago
I did a quick ctrl+f 'nostr' on the article and when no results came up I closed the browser tab. They obviously haven't done their research.
48.
by Quindecillion 4y ago
There are several ways to obfuscate transaction history on origins, such as coinjoins or simply opening a few private Lightning Network channels and pushing sats a couple of hops through them to unidentified end addresses.
49.
by Quindecillion 4y ago
That's not transacting on the Bitcoin blockchain though. Once you have access to Bitcoin on-chain and have other people willing to transact directly through Bitcoin, with no fiat intermediaries like exchanges... yeah, there's lite
50.
Why No One Saw the Success of Demand Response Coming (Bitcoin)(forbes.com)
1 points by Quindecillion 4y ago|0 comments
51.
by Quindecillion 4y ago
Burning the planet? I assume you mean CO2 emissions. Bitcoin has one of the highest % of renewables of any industry i.e. solar, wind, hydro etc. As an absolute value the amount of energy it consumes is less than 0.1% of global energy consum
52.
by Quindecillion 4y ago
> What I mean by that is that, while of course we don't really want to see the world burn, we are secretly hoping, in the dark, when no one is watching, for things to always go tits up a bit. Like there is a subconscious fascination
53.
by Quindecillion 4y ago
> I was shocked at how hostile people were to that. Was the hostility experienced here on HN? I've come to learn that HN is far more hostile and toxic than I'd first realised.
54.
by Quindecillion 4y ago
I'm sorry you don't understand the value of Bitcoin. Your ignorant hate for something you haven't taken the time to understand is cancerous. So no, I won't stop.
55.
by Quindecillion 4y ago
I haven't followed the technology very closely, but it was my understanding that large scale storage of hydrogen isn't here yet, if it ever will be? And even if you built out more transmission, you're still limited by how far
56.
by Quindecillion 4y ago
If you don't understanding anything about Bitcoin's properties and the utility that provides, I can understand why you would think its a waste of energy. But many disagree with you for good reason. Some people think clothes driers
57.
by Quindecillion 4y ago
Negative prices on power i.e. curtailment, is the perfect use case for Bitcoin mining. Obviously there needs to be some amount of battery storage of energy too, but once the storage capacity meets the needs of the local grid, and the batter
58.
by Quindecillion 4y ago
In fiat terms, yes. The loss is only realised once you convert the Bitcoin back to fiat. The reason it is "unrealised" until that point, is that you could instead simply hold until/if the price of Bitcoin (priced in fiat) r
59.
by Quindecillion 4y ago
>Fiat is not anything new You're right. Fiat has been tried many times before, and ultimately fails. I should've said it was relatively new in its current iteration. > neither is the concept of money. Earliest writings are f
60.
by Quindecillion 4y ago
> I thought part of the value proposition of “crypto” was that it doesn’t require such legislation? In the case of Bitcoin and its Lightning Network, that remains true. It doesn't need legislation to continue operating. Has done so

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