doggosphere

18 ms·

31.
by doggosphere 5y ago
I have a shocking proposal that may seem too good to be true: 1) Stop subsidizing fossil fuels. [0] 2) Tax carbon emissions. Bonus: 3) Incentivize clean energy. [0]: https://www.eesi.org/papers/view/fact-sheet-foss
32.
by doggosphere 5y ago
- Open source money is flexible, you just have to convince enough people to be willing participants rather than coerce them. Competition ends up making everything better for everyone. - If the state needs to borrow or raise money, it can st
33.
by doggosphere 5y ago
> Economic systems failing in the past is not evidence that the current paradigm will fail and it’s certainly not evidence that it will fail because it’s fiat. If the reason for failure is hyperinflation, then it is a pretty concrete pat
34.
by doggosphere 5y ago
> There's a reason we don't use the gold standard. Some things take a long time to fail, but will undoubtedly fail. There are numerous examples of failed fiat currencies in modern times and ancient times. Just because dollars,
35.
by doggosphere 5y ago
How do you debase gold other than rapidly attempting to mine more of it? How do you "destroy" Bitcoin?
36.
by doggosphere 5y ago
Nation states will never give up the ability to print money, and fiat will always exist. But a deflationary asset has utility, and ironically central banks will want to hold it as a reserve asset. They'll just be the last ones to do so
37.
by doggosphere 5y ago
> The entire power of a modern market democracy rests in the ability to control its currency. State monopoly over money is a good thing or a bad thing? > If you remove that power, the state itself has no legitimacy. We've had &qu
38.
by doggosphere 5y ago
It's funny to me that you think its failed terribly, but it consistently grows year after year in adoption and value. The irony of this crowd especially having hindsight with the development of computers and the internet; being able to
39.
by doggosphere 5y ago
Energy will negligible upon Eth 2.0 PoS merge
40.
by doggosphere 5y ago
I'm arguing that China subsidizes coal[0], and that China does not utilize a carbon tax[1]. So when you call for a ban of Bitcoin in the name in environmental concerns, you've decided to be the arbiter of energy usage, on what is
41.
by doggosphere 5y ago
Electricity has higher economic value due to miners seeking to maximize profits. This makes investments in renewable energy infrastructure more profitable and paid off sooner. A solar farm has more demand and higher margin for its products.
42.
by doggosphere 5y ago
Energy consumption has nothing to do with increasing planet temperature, if Bitcoin consumed 10x the energy via solar panels, it would not have any environmental impact beyond the raw materials used in the panels. You're equating energ
43.
by doggosphere 5y ago
Is it? Over time human energy creation and consumption has grown exponentially with technological innovation. Fire to cook meat, a wagon attached to an ox, combustion engines, air conditioning, wireless networks, data centers, etc. Today yo
44.
by doggosphere 5y ago
Bitcoin does not consume fossil fuel as a raw material; it is not an ingredient required for its operation. It uses electricity which can be generated from any source, be it wind, solar, or coal. Subsidized coal mining and untaxed carbon em
45.
by doggosphere 5y ago
Right, which has nothing to do with blockchain security itself, and more to do with implementation of private keys.
46.
by doggosphere 5y ago
There is billions of dollars of value in BTC sitting in wallets as an open bounty for anyone who can hack private keys. So which of the following is most likely: - the government has a tool that can break private key encryption and used it
47.
by doggosphere 5y ago
I'm not being literal when I say "nobody was working on electric cars". If you need to me to clarify it: the scale and rate of progress in EV was severely accelerated by Tesla. ICE auto companies had no incentive to develop e
48.
by doggosphere 5y ago
Where was Ford, Toyota, GM's progress on electric cars? Where are all the other startups that started at the same time as Tesla? Do you think Tesla would be where it's at today if Musk didn't get involved? How many times did
49.
by doggosphere 5y ago
Nobody was working on self landing rockets. Nobody was working on electric cars. We'd be waiting another 10 years for what we have today.
50.
by doggosphere 5y ago
You may have diminished say in the governance process, but you can vote with your money. If enough people leave a contentious network, the price falls. If you decide to use another chain, exchanges/wallets/miners become profit inc
51.
by doggosphere 5y ago
https://en.wikipedia.org/wiki/Fork_(software_development) Confused about what you mean by "take control" of the new fork. The powerful miners are going to download a different set of software with different r
52.
by doggosphere 5y ago
That would require changes to the codebase which most nodes probably wouldn't support. Which would be creating their own fork. You can't just "increase mining rewards" as a miner.
53.
by doggosphere 5y ago
The difference is the bankers have authority and compliance by way of force. That is, government controls currency, you pay your taxes in dollars, you trade your oil in dollars, etc., or else. Crypto groups do not have this authority, and c
54.
by doggosphere 5y ago
To me, mirrorless format is superior. Anyone buying a new camera is probably taking a look at the newer models.
55.
by doggosphere 5y ago
I suppose its relative. We can ask around if ____ is a good asset, and we'll get different answers. Monetary goods / store of value assets are especially open to interpretation. Is a $100m painting worth really worth $100m? Is gol
56.
by doggosphere 5y ago
- The term is called "pump and dump". It happens with stocks regularly; analyst/fund manager goes on CNBC and hypes up the next big thing, sells shortly after. - The last people to cash out are called bag holders. - There is
57.
by doggosphere 5y ago
and the next time it crashes, it may never recover Hmm, you should look up the price history of Bitcoin. It crashes a lot. And every time, it recovers to eventually put up a new high several multiples higher. Bitcoin is still only 10% of
58.
by doggosphere 5y ago
True, but there are simply more people and industries economically hurt than helped by it.
59.
by doggosphere 5y ago
Politicians own stocks in corporations too. Generally lockdowns hurt profits and tax base, so there is the profit incentive to get things going back to normal.
60.
by doggosphere 5y ago
Real prices have been increasing. They approach bubble territory. Home price to income ratio: https://www.longtermtrends.net/home-price-median-annual-inco...

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