djschnei

11 ms·

61.
by djschnei 5y ago
> No those are very much the same thing. You are wrong or being dishonest. The government calling up the bank and saying "Hey, friend. Freeze these 5000 accounts. Thanks!" clearly has less friction than strong-arming 5000 peop
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by djschnei 5y ago
that's too bad. You told me to get out of my bubble, but then won't give me your opinion. Would love to hear your points if you decide it's worth it. If not, have a good weekend!
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by djschnei 5y ago
You're stonewalling what could otherwise be a beneficial discussion. If you addressed the points made and explained why they don't justify my perceived benefits, maybe I could learn something from you. But you would rather make
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by djschnei 5y ago
Your criticism didn't address any of the points made by the white paper (in fact you ignored them). I am more than willing to engage outside of my bubble (I'm seeking it out to be honest), but we have to be discussing the same th
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by djschnei 5y ago
So you didn't read it either, huh? The point is, we need more electricity to save the environment. EVERYTHING needs to be electrified and our infrastructure is not even close to up to the task. Bitcoin mining has incredibly unique in
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by djschnei 5y ago
Didn't read it, did ya? Or if you did, I assume you think all electricity usage is bad?
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Greening Bitcoin with Incentive Offsets(resistance.money)
2 points by djschnei 5y ago|10 comments
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by djschnei 5y ago
...And other countries/states have embraced Bitcoin. The China ban was going to be "the end", fast forward less than a year and the network is stronger than ever. It has more users than it ever has. Bitcoin continues to gr
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by djschnei 5y ago
That's a presumption about ownership of anything under the reign of a government. How is that argument crypto specific at all? Also, that 4.5 billion was mostly confiscatable because of poor key management - not people handing over the
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by djschnei 5y ago
> This is an oxymoron. How can you mathematically enforce a purely social concept? Property rights aren't tangible things; they are creations purely of law and of the societies they inhabit. Can you mathematically enforce that no on
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by djschnei 5y ago
here you go! https://www.investopedia.com/news/short-bitcoin/
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by djschnei 5y ago
I just envision an old man yelling at clouds. I won't convince you. Maybe go read about some bottom up adoptions of bitcoin in places like Nigeria. Or don't, I don't care. You shouldn't buy any and probably should sh
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by djschnei 5y ago
Your privilege is showing. A huge portion of the world is under-banked or completely unbanked. It's one of the largest barriers to quality of life improvement on the planet. Say what you will about crypto's current state, but m
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by djschnei 5y ago
the video or the LDK? Maybe both?
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Jack Dorsey's Spiral Presents: The Lightning Development Kit(youtube.com)
2 points by djschnei 5y ago|2 comments
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by djschnei 5y ago
If you believe LN is only useful between two parties that share a channel, I suggest you do more reading.
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by djschnei 5y ago
Gotta play by the same rules as the other asset classes. Shouldn't ruffle any feathers
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by djschnei 5y ago
lmao, it's all good, man. I'll keep looking at my ROI and you can keep yelling at clouds. Enjoy!
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by djschnei 5y ago
So far, your thesis has been completely wrong.
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by djschnei 5y ago
> at some point you want to spend it > the selling part is non-optional That is not true. Bitcoin is best thought of as a block of real-estate on a virtual Manhattan. Some of the wealthiest families in (IRL) Manhattan are wealthy bec
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by djschnei 5y ago
I think the insinuation with "parking space", in regards to money at least, is that it's long term. Even with this week, BTC has been an incredibly profitable place to park money this year, and every year before that. There
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by djschnei 5y ago
I think ETH2 has around $13.5b currently staked, while ADA has around $43b currently staked (1). ETH2 is nothing to scoff at, but ADA is miles ahead on adoption of PoS. ADA also doesn't have any minimum requirement to run a pool, whi
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by djschnei 5y ago
Why just rich people?
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by djschnei 5y ago
Of course, the old adage "buy high, sell low" :)
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by djschnei 5y ago
The race between ETH2 PoS and Cardano smart contracts (which is already PoS with fully decentralized block production) is going to be very interesting! I think both platforms could have their place and be extremely successfully, but whiche
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by djschnei 5y ago
Oh no! These are all brand new arguments! I guess it's time to sell, huh?
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by djschnei 5y ago
Bitcoin doesn't need to increase its throughput. This is what layer 2 (3,4,...,n) solutions are for. This is like saying "Well, the dollar is useless because Fedwire TPS doesn't accommodate all transactions." If you c
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by djschnei 6y ago
Thank you for clarifying. Have a great night
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by djschnei 6y ago
Are you really that tribalistic that agreeing with someone "from the other team" ruins your day?
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by djschnei 6y ago
https://i.redd.it/9v8n8zaugjp61.jpg Nothing useful is a HUGE stretch - unless only smart contracts are 'useful'. The ecosystem is new but growing rapidly. Let's circle back to this comment in 1-2 months?

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