doomroot

8 ms·

1. 121.▲
   by doomroot 5y ago

   Oh is it that easy? /s
2. 122.▲
   by doomroot 5y ago

   That sounds rather rash.
3. 123.▲
   by doomroot 5y ago

   This always stops people in their tracks.
4. 124.▲
   by doomroot 5y ago

   What about owning an assault rifle shooting range? I think those owners need assault rifles for things besides murder. I get your point but try not to be an absolutist.
5. 125.▲
   by doomroot 6y ago

   See Microstrategy... speculative attack on fiat.
6. 126.▲
   by doomroot 6y ago

   This is correct. Customer double spend risk is not what’s ring discussed here. The risk is PayPal losing money on the spread. A user buys a pair of shoes with bitcoin, PayPal pays the shop owner fiat and takes ownership of the bitcoin. Now
7. 127.▲
   by doomroot 6y ago

   Not on lightning network
8. 128.▲
   by doomroot 6y ago

   Bitcoin is far and above the most scalable cryptocurrency. It just might not be scaling the things you care about.
9. 129.▲
   by doomroot 6y ago

   > what's to stop producers from diverting existing gas production towards mining right now. Because it makes 0 financial sense to do so. The market demand for gas waaaayy out competes bitcoins demand for gas.
10. 130.▲
    by doomroot 6y ago

    Energy for the home and nearly every other electricity demanding enterprise easily outbids bitcoin miners. There’s a reason they have to go the there ridiculously remote places to set up operations.
11. 131.▲
    by doomroot 6y ago

    So half the people that use gold are involved in a ponzi scheme?
12. 132.▲
    by doomroot 6y ago

    Hfsp
13. 133.▲
    by doomroot 6y ago

    Here me out. What if it was the only way to defund the US military? Would you be interested then? Why do we waste so much energy building killing machines? Why is there not a daily hackernews thread complaining about the energy consumption
14. 134.▲
    by doomroot 6y ago

    I think it naive to assume we can aggregate the desires of all people. Oh wait we can.
15. 135.▲
    by doomroot 6y ago

    This is correct.
16. 136.▲
    by doomroot 6y ago

    Subjectively. Clearly bitcoin users get something useful or they wouldn’t use it, no?
17. 137.▲
    by doomroot 6y ago

    If something ever overtakes Bitcoin in the same way that Facebook overtook MySpace it’ll disprove the entire Bitcoin thesis. Currencies have to be stable. I expect a winner take all scenario here and Bitcoin to be that winner.
18. 138.▲
    by doomroot 6y ago

    I can send Bitcoin for free, instantly, trustlessly.