VMG

70 ms·

661.
by VMG 9y ago
If rather switch to a base-12 number system
662.
by VMG 9y ago
https://download.wpsoftware.net/bitcoin/pos.pdf
663.
by VMG 9y ago
The whataboutism started with uninformed statements about bitcoin energy usage. My rebuttal is about the costs of the alternatives.
664.
by VMG 9y ago
nothing does
665.
by VMG 9y ago
> It would matter more than my (non-existent) vote in bitcoin would. You don't have to use it though. > So to be clear, your problem isn't that the fed is centralized and btc is decentralized it's that btc is regular an
666.
by VMG 9y ago
It is more ethical than financing wars through deficit spending. A on-chain bitcoin transaction allows an arbitrary number of off-chain transactions.
667.
by VMG 9y ago
If you disagree with money printing, your vote will not matter. In bitcoin, the inflation schedule can be checked very easily. It doesn't matter who is creating it as long as the supply is stable and predictable.
668.
by VMG 9y ago
also known as the bitcoin pump-and-pump
669.
by VMG 9y ago
I think the former method of creating currency is fairer and more transparent.
670.
by VMG 9y ago
Anyone who has a miner can generate bitcoin. Only the FED can create new USD.
671.
by VMG 9y ago
> so far this has proven to greatly reduce network congestion. their main stroke of genius was not having any transactions on their chain
672.
by VMG 9y ago
Is this advertisement for Monsanto? Humans have been trying to get rid of pests for centuries, Monsanto didn't start it.
673.
by VMG 9y ago
Apparently that is enough to sustain it. Many people have successfully liquidated their position and found new buyers.
674.
by VMG 9y ago
Start to explore why bitcoin can be used for ransomware and other things cannot.
675.
by VMG 9y ago
Isn't that true for all investments though? If all holders liquidate the price crashes.
676.
by VMG 9y ago
How can you be charitable without any capital?
677.
by VMG 9y ago
Charities are a market force. They exist due to the prosperity created by capitalism.
678.
by VMG 9y ago
The Federal Reserve is doing something completely different than Bitcoin is doing.
679.
by VMG 9y ago
You're making good arguments against communism.
680.
by VMG 9y ago
Market forces are the only way to reduce starvation and homelessness.
681.
by VMG 9y ago
> Robber Barons, Gilded Age. <--- Read about this era before advocating for libertarian ideas The most rapid increase in prosperity in the history of mankind, where millions of people were lifted out of abject poverty. Currently repea
682.
by VMG 9y ago
Yet he received more money from active duty military than all other candidates combined. Add this to your list: blowback.
683.
by VMG 9y ago
> Libertarianism advocates for the privatization of EVERYTHING and the destruction of the social safety net. The privatization of everything including the social safety net. > Have fun enforcing your property rights when the guy with
684.
by VMG 9y ago
If Bitcoin becomes too expensive to mine, the difficulty adjusts downward until it becomes cheap enough again. https://en.bitcoin.it/wiki/Difficulty You are correct that people have a higher incentive to obtain Bitcoin
685.
by VMG 9y ago
We're getting off-topic, but can you name a libertarian that is pro-war? Most are vocally anti-war.
686.
by VMG 9y ago
How can an ideology based around property rights be greedy? Is it greedy to keep what is yours?
687.
by VMG 9y ago
> The bitcoin mining industry will end once the electricity (and hardware) becomes more expensive than the value of mined bitcoins You do not understand mining difficulty adjustment
688.
by VMG 9y ago
his intentions were there from the beginning, results not so much also I've never seem a response to this paper here from the Eth crew https://download.wpsoftware.net/bitcoin/pos.pdf
689.
by VMG 9y ago
You also shouldn't extrapolate from twitter trolls
690.
by VMG 9y ago
> Bitcoin isn't just popular among libertarians, it's popular among folks with green frog/Kek user icons and anti-semitic views. ("Are you a Jew?" asked one egg.) You have got to be kidding me. After druglord&#x2

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