cyphertruck

14 ms·

31.
by cyphertruck 4y ago
This requires too much trust of your service, and I don’t see any significant benefits. If you want to give someone bitcoin, just send some over lightning. No need to add complexity and trust.
32.
by cyphertruck 4y ago
Love Norm. Very unique takes. This will be interesting. Norm invented what he calls the perfect joke: where the setup and the punchline are exactly the same sentence. Best example I could find: Lyle Lovett and Julia Roberts were divorced to
33.
by cyphertruck 4y ago
How is being down a little bit on a small Bitcoin investment making it any more in danger of default? The problem with fake news is it sounds real.
34.
by cyphertruck 4y ago
Only in clown world is stacking hard currency “shenanigans” and borrowing unlimited billions from IMF (always with strings to keep them poor) is “responsible”.
35.
by cyphertruck 5y ago
That is exactly correct. And proof of work solves a problem that was thought unsolvable. So no other solution is likely to appear soon. None yet. (Proof of stake just recreates the problem.)
36.
by cyphertruck 5y ago
Do you think hair dryers should be banned? Are clothes dryers indefensible? They all are unnecessary- just hang clothes up. And use dar more power than bitcoin.
37.
by cyphertruck 5y ago
Satoshi has been selling bitcoin to pay expenses every year. You just don’t know it because “Satoshi’s coins” is a myth. He wrote off the identifiable ones but still had years to mine cheaply. Bitcoin is not ab attack in banks but on infla
38.
by cyphertruck 5y ago
How will taxes improve the environment? They will give politicians more power to oppress, snd since governments are the largest polluters in the world the environment will get worse. Which they will use as an excuse for more taxes. See the
39.
by cyphertruck 5y ago
If that was the goal, the lightning network is a far better solution, mire privacy focused too.
40.
by cyphertruck 5y ago
The lure if getting rich by creating your own money is irresistible and thus corrosive. Even the most principled person will have difficulty ferreting out all the wats it undermines that integrity. Meanwhile bitcoin serves that same purpose
41.
by cyphertruck 5y ago
The tulip bubble is a myth. But the funny thing about bubbles is they have a blow off top then deflate. Bitcoin has had 4 blow off tops and is at %200 of its last one. Not fitting the pattern.
42.
by cyphertruck 5y ago
He’s right that ethereum is centralized, and “web3” even more so. If AWS disappeared Ethereum would too. It’s hilariously wrong to say that paying for things with bitcoin is no better now than in the past. The country of El Salvador adopted
43.
by cyphertruck 5y ago
This has nothing to do with libertarianism. Author is just whining about a scammy hype driven ponzi-esque scheme built on a fraudulent fake “cryptocurrency” and claiming it is libertarianism. This is a strawman argument.
44.
by cyphertruck 5y ago
This article is fake news. Bitcoin addresses are not identities and this “%1” are custodial services like exchanges. The reality us, with deeper analysis you can see that bitcoin us widely distributed and getting mire widely distributed ove
45.
by cyphertruck 5y ago
Bitcoin isn’t in a bubble on any time scale longer than 4 years. Bubbles don’t re-inflate.
46.
by cyphertruck 5y ago
The irony is that this article is correct for “crypto” but not Bitcoin. Every “crypto” could be better done with a database. But Bitcoin allows journalists like Wikileaks to be paid without it being censored. You can call that “crime”, but
47.
by cyphertruck 5y ago
The most amazing thing about bitcoin is that it turns every disadvantage to an advantage. For example, the bias you are talking about means that the open minded and more virtuous people will adopt bitcoin earlier, and those who profit from
48.
by cyphertruck 5y ago
The main use case in El Salvador is having instant payments better than credit cards without needing a bank account (which few non-corporate merchants can get) But the main use worldwide is remittances without paying %30 fees.
49.
by cyphertruck 5y ago
Bitcoin’s goal was a censorship resistant form of P2P electronic cash. (Don’t get hung up on those terms- they are terms of art.) It has completely succeeded in that. In a decade it has never been successfully censored, it remains viable P
50.
by cyphertruck 5y ago
What you are describing is corruption. It’s actually a crime. But government will never hold government prosecutors or judges to account for corruption that favors government interests.
51.
by cyphertruck 5y ago
Savings are not supposed to be stolen by the central bank. “Hoarding wealth” is actually how society benefits the most. You said you aren’t an economist, but you have been taught what you know about economics by communists.
52.
by cyphertruck 5y ago
They live paycheck to paycheck because the central bank has enslaved them.
53.
by cyphertruck 5y ago
It’s not Adam. Adam was “late” to Bitcoin. Saying it is Adam is a psyop from some anti-bitcoin types. I’ve read the code and Adam’s code and interacted with Adam a great deal and read everything Satoshi wrote.
54.
by cyphertruck 5y ago
Of course he isn’t Satoshi. Satoshi isn’t a big mystery, but the person(s) deserves the anonymity they can maintain. Bitcoin is the one true thing that has not been corrupted in this world, despite the decade of FUD thrown at it. Bruce howe
55.
by cyphertruck 5y ago
That additional footage is cheap too when measured against the costs of the salary of the additional employees you need. In fact, offices are cheaper because you don’t need to over staff by %100 and incur all that communications overhead.
56.
by cyphertruck 5y ago
You undoubtedly have a habit of claiming your uninformed opinion is fact and ignoring decades of research to the contrary. Cutting performance by %70 to save %15 in costs is never going to be economical.
57.
by cyphertruck 5y ago
An environment that lets you focus is literally a tool you need to do the job. Focus is literally the job. That you think this is about whether people like some floor plan or not tells me you are speaking from uninformed opinion lacking exp
58.
by cyphertruck 5y ago
True but irrelevant to the fact that this guy is rationalizing the reduction in performance (as independently measured by researchers) by ~%70 in favor of reducing costs %~%15. And then he blames the victim and you fell for it.
59.
by cyphertruck 5y ago
I love it, you dismiss long established, well researched logical conclusions based on understanding of software development and backed by studies…in favor of your anecdote about an engineer you failed to manage properly. In my experience pe
60.
by cyphertruck 5y ago
The 2-3X factor includes the lower return from administrative tasks. For code writing it is probably 10X - 15X.

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