bingbong70

11 ms·

61.
by bingbong70 5y ago
The counterargument is people consider fiat proof of stake and don't want to introduce the problems that come with it (like centralization) into btc. I expect a fork like that would go right into the garbage as far as price action is c
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by bingbong70 5y ago
Entertainment vs a censorship resistant financial network >there are ways to do so that do not incur the same costs. What are the other ways to make censorship resistant financial transactions globally? One of these products/service
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by bingbong70 5y ago
>However what you're talking about is asset prices, which has nothing to do with inflation. There's a term for rising asset pricing: asset bubble. I would agree with your view if the bubble was isolated but when most/all s
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by bingbong70 5y ago
I guess median numbers are a terrible metric to use since house prices on the east/west coast have ~2-3x'd since 2008. Michael Saylor says there is now at least a 15-20% annual inflation hurdle that he has to overcome (~2019-2021)
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by bingbong70 5y ago
Rather than downvote how about telling us where you disagree? Seems silly to rob readers of a potentially useful rebuttal.
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by bingbong70 5y ago
>yearly new coin caps are pretty controlled with a decreasing inflation rate that will reach zero eventually. So there are ~130 billion Doge in circulation, what is the max possible supply and who is setting that supply cap? My understan
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by bingbong70 5y ago
There is some overlap between our discussion and the Citizens United v FEC case, and though I was adamantly against the idea upon first glance, after reading the arguments it became clear to me that money was in fact speech, especially in
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by bingbong70 5y ago
I'm not sure you understand my point, I will expand a bit. We rely on markets for information. Falsely signaling to market participants demand for 1M sheep through a financial transaction costs you the price of 1M sheep. It is the most
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by bingbong70 5y ago
>How is banning Bitcoin censorship? Financial transactions/trade is the most honest form of communication. Bitcoin enables unrestricted financial transactions aka free speech.
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by bingbong70 5y ago
Then it is a good thing he is dead. Rather not inadvertently cause the creation of the Chinese version of MacArthur with this view about the US due to short term thinking.
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by bingbong70 5y ago
>which has all the functions of Btc My understanding is doge code has old bugs that haven't been fixed since the code is not actively being maintained. Doge also has no max supply limit, which is a major feature of bitcoin. As far a
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by bingbong70 5y ago
The current system is backed by the largest polluter on the planet, the US military. Bitcoin in comparison uses less energy but its too early for some to recognize this fact. Bitcoin is the settlement layer, tools built on top of it (like 2
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by bingbong70 5y ago
Internet porn uses a tremendous amount of energy....is it useful material? What's the new criteria to cut off energy to paying customers? Seems like censorship-happy people are creating a new weapon. Be careful when supporting measures
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by bingbong70 5y ago
>Bitcoin realistically isn't any more liquid than an ETF, you need to go through similar on/off ramps, and the tax considerations are also comparable. The on and off ramps are heavily limited in ETFs. Bitcoin can be purchased&#
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by bingbong70 5y ago
>If you have unlimited leverage to buy Bitcoin, you have unlimited leverage to buy any other asset. The hardest, most inflation protected and liquid asset wins. Bitcoin. >How much are they realistically going to allocate to Bitcoin, t
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by bingbong70 5y ago
Already a few billionaires with algos that autobuy on 10-15% drops, this number will increase. We aren't dealing with cs hobbyists, retail investors, and small nest eggs anymore, billionaire adoption is a game changer as Michael Saylor
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by bingbong70 5y ago
One of the leaked NSA slides from 2013-2015 included an electromagnetic weapon that was supposedly used to exfiltrate data from air gapped systems by turning humans (or any living thing with high water content) in a given area into WiFi ant
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by bingbong70 5y ago
Bitcoin adoption from the grassroots level will kill systems with "favored status", especially in places that claim to be free societies. Right now in the US adoption is happening on the city/state level and expanding outward
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by bingbong70 5y ago
>someone dead is correctly categorized as murder. Yes but how the data is recorded and interpreted is definitely skewed by a population not being able to rely-on/trust what should be public services. What is the correct solution for
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by bingbong70 5y ago
Large % of black Americans don't trust the criminal justice system and police, I expect this leads to more extrajudicial crime fighting carried out by the community that skews assault/murder rates.
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by bingbong70 5y ago
>Inflation isn't a tax on savings because you're not supposed to be saving currency. It is a tax on savings whether currency is "supposed" to be saved or not. All retail banks offer savings accounts specifically for t
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by bingbong70 5y ago
It also points to the fact that a privileged (at least in regards to wealth/opportunity) race in the US commits crimes at the same or higher rate (depending on category) than an underprivileged race in the UK. We can't remove bias
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by bingbong70 5y ago
You may have misread the original statement. I'm comparing the US white crime rate to the UK black crime rate. It is clear US whites are far more likely to commit crimes.
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by bingbong70 5y ago
>7x more murders per capita Source? > Official misconduct is more common in murder convictions that lead to exonerations of African American defendants > 87% of black exonerees that were sentenced to death were victims of official
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by bingbong70 5y ago
Criminalizing an underclass isn't a new concept, its been done in many places to many races around the world with varying success. >why it forces blacks to be far more criminal I think the fact that UK blacks commit crimes at a far
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by bingbong70 5y ago
American racism is clearly systemic/institutionalized... >And according to exoneration data, innocent African American suspects are 7 times more likely to be falsely convicted of murder than innocent white suspects. https:/&#x
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by bingbong70 5y ago
Under the 1st amendment, every citizen is "the press" if/when they choose to be. No centralized credentialing agency required to prove it.
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by bingbong70 5y ago
Dictators aside, the Chinese are considered fairer trading partners than most (possibly all) western countries. ~1000 years of African history makes this point very clear.
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by bingbong70 5y ago
A 10% retracement to a price level Bitcoin was at 1-2 weeks ago is not a crash. Retail traders' emotional reaction to volatility really skews their perception. Professional traders are aware of this and take advantage.
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by bingbong70 5y ago
>The main difference is that China is not a military ally, and its government spying, which is unfettered, supports its private enterprise that is government financed and owned. The main difference is that US law is exported to the rest

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