Quindecillion

17 ms·

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by Quindecillion 5y ago
Same. I've only recently (mid-2021) deeply understood the implications of Bitcoin, despite hearing about it in 2009, buying some in 2013, and losing some in the MtGox hack. Clearly I'm a slow learner. I think people are vastly und
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by Quindecillion 5y ago
Money is just a psychological-technology that vastly improves efficiency of trade. It's not exactly feasible to return to a barter system, unless you have some other way of solving the "double coincidence of wants" problem? O
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by Quindecillion 5y ago
Bitcoin's energy consumption is a feature, not a bug. The amount of energy consumed by the network will continue to increase, as it should, as it secures more wealth. A currency that's based on energy has been speculated about for
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by Quindecillion 5y ago
Depends on what problem the adoption of decentralisation is solving. There's no point choosing a decentralised option just for the sake of it.
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by Quindecillion 5y ago
If encryption gets cracked by quantum computing, everything digital that's connected to the Internet, is "out in the open" until quantum-proof encryption becomes the norm. The only way to be sure would be to physically self-h
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by Quindecillion 5y ago
Has anyone "jailbroke" a Telsa to remove this type of stuff?
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by Quindecillion 5y ago
Hopefully decentralised exchanges (DEXes) like Bisq and whatever Jack Dorsey is working on with TBD54566975 at Block will be an answer to this https://block.xyz/
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by Quindecillion 5y ago
http://www.shadowstats.com/alternate_data/inflation-charts https://wtfhappenedin1971.com/
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by Quindecillion 5y ago
Of course. This is the funny thing about Bitcoin. Once you've researched it sufficiently you are compelled to buy some because you understand the fundamentals of its value proposition. But then critics will point out that you own Bitco
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by Quindecillion 5y ago
You don't understand Bitcoin, or Ethereum for that matter. Ethereum is a product produced by a company. They have an enormous about of control over it. They've changed the token issuance multiple times over its lifetime. Vitalik b
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by Quindecillion 5y ago
Most "cryptos" are just affinity scams riding on the coattails of the true innovation of Bitcoin. They offer nothing significantly new or important over Bitcoin. Most people in the space understand this and why. Institutional inve
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by Quindecillion 5y ago
It's a marketing term used to sell products/services Like "superfoods"
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by Quindecillion 5y ago
We're going to see the "tulips" line dragged out for years to come. How long do people think "bubbles" last?
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by Quindecillion 5y ago
Bitcoin isn't "private". It's probably the most open and public money that has ever existed. There's no company behind it, no CEO, no marketing team... it's just a protocol for a p2p network. All the other &quo
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by Quindecillion 5y ago
> I am open to government or industry backed crypto or digital currency Then you don't understand the point of Bitcoin. Any "government backed" crypto (also known as Central Bank Digital Currencies, or CBDCs) will be under
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by Quindecillion 5y ago
The altcoin bubble will certainly pop. Bitcoin isn't going anywhere though, so if you include that under your definition of a "tulip", I wouldn't hold my breath if I were you.
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by Quindecillion 5y ago
What job do you like doing 15 hours a day? Genuinely curious...
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by Quindecillion 5y ago
I've recently become interested in building a home that would last for a very long time, up to 10,000 years, inspired by this project: https://www.bbc.com/future/article/20190611-how-to-build-som... They go i