eric_cc

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241.
by eric_cc 4y ago
> I suppose if a vast majority of Americans demanded a switch to BTC it could be done but if that was a real possibility it would be much easier to demand laws to stop the Fed instead of switching to a new currency. Stopping the fed woul
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by eric_cc 4y ago
Correct. What’s your point? ApplePay is not a currency.
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by eric_cc 4y ago
Yes here is an example happening in real-time: https://www.japantimes.co.jp/news/2022/06/13/business/yen-13... I suspect it’s going to be a domino effect that gets much much worse..
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by eric_cc 4y ago
So USD’s value comes from authority, force and violence. We accept the USD because of the USA’s army, bombs, etc. We accept the fed and central banks and money printing. We accept the rigged point system. And how long is this sustainable be
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by eric_cc 4y ago
Now this I totally agree with. BTC only realizes its true potential when it replaces the dollar. It may have some more boom/bust cycles to go before it gets there but it’s the top contender to do so.
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by eric_cc 4y ago
> It seems like as time goes on crypto becomes less useful rather than more as a general utility for buying stuff. I said: Bitcoin. Not crypto. (The longer I’m in this space, the more I realize that scammy crypto is one of the biggest en
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by eric_cc 4y ago
I didn’t mean to suggest 8 years was required and only arbitrarily picked 2030 as a round number. I suspect that Apple, Google, visa, MC, and PayPal will continue to build bitcoin into their product. Bitcoin does not compete at all with the
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by eric_cc 4y ago
This is shortsighted and won’t age well. Consider the world in 2030. Another 8 years of advancements into bitcoin infrastructure, point of sale devices, mobile wallet integrations, etc Plus failed central banks, failed paper currencies, etc
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by eric_cc 4y ago
Why does the paper dollar have buying power? What justifies its value? > The answer is nothing. Since there's no measurable intrinsic value, there's zero fundamental factor limiting the downside
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by eric_cc 4y ago
How do you know? You can't deduce this from one post.
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by eric_cc 4y ago
> There's no evidence they lied. Why should we assume it, because Musk wants to back-out on his offer? Why should we trust that they are being honest?
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by eric_cc 4y ago
> a man baby > It would be easy given his resources (publicist, etc.) I don't have those same resources. How did he get those resources? Start there. Do what he did to get those resources.. Or don't. Just post online like a
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by eric_cc 4y ago
> In my country a company is seen as a team effort. What country?
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by eric_cc 4y ago
> With masks though people wearing masks didn't at all affect the people not wearing them. People didn't just choose to peacefully wear masks though. There was a large militant group that pushed for mandates to force everybody
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by eric_cc 4y ago
> The wifi fridge isn't going to hurt you. Do you have a source? Proof that it is not a security concern?
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by eric_cc 4y ago
I’m not going defend Musk the human being. Maybe he is a total a creep? I don’t know him. But this case you’re citing here is unproven and seems like a political hit.
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by eric_cc 4y ago
Well for one: They have had a monopoly over twitter censorship and feel threatened by this disruption.
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by eric_cc 4y ago
> I can use it to buy drugs, guns, child porn and other important commodities. > Are my examples[0][1][2] not documented uses for Bitcoin? The exact same thing can be said about literally every currency in use today. > illegal stu
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by eric_cc 4y ago
Polkadot is actually a layer 0 and does not have smart contracts. Parachains, like Moonbeam, are your layer-1's that provide smart contracts. Avalanche is also layer 0.
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by eric_cc 4y ago
Are you serious? You sound like a parody.. a parrot of the false political attacks on bitcoin. Are you literally an ignorant bigot or a troll?
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by eric_cc 4y ago
> Are cryptocurrencies a real danger to regular currencies? Yes, absolutely. > Are NFTs a real danger to tangible items? Are DAOs a real danger to actual corporations? Agree on these - hard no.
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by eric_cc 4y ago
Source?
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by eric_cc 4y ago
>If you invested near the dot com peak If you went all-in.. had no money in before and never invested after. Sure..
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by eric_cc 4y ago
Why is this being upvoted? There are no details here whatsoever.
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by eric_cc 4y ago
Specific to the far-left vibe on reddit, a few things come to mind: - Authoritarian - Intolerant - Pro censorship - Naive - Bigotry - More emotional than logical Advocates for sharp increases in federal-level government power and authority
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by eric_cc 4y ago
> So you’re saying Mind quoting me? I’m confident I said no such thing. If you look at the top 2,000 projects on CoinMarketCap, the vast majority are shitcoins at best or just blatant scams. But I do not believe bitcoin should have a mon
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by eric_cc 4y ago
No matter what the subreddit is, it’s full of radically far left political comments. They get upvoted and any attempt to provide reason gets downvoted. Not sure how it became this way but perhaps it’s as simple as what you say: > People
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by eric_cc 4y ago
“It’s impossible” - I agree it’s almost always too strong. However, remember we’re discussing the creation of trillions of bitcoin. Even if it occurred, do you really believe the chain would remain? It would be forked. I just can’t imagine
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by eric_cc 4y ago
Consensus. Why would the majority people adopt broken bitcoin?
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by eric_cc 4y ago
You’re thinking about short term traders who want to accumulate more $USD. And sure, they are one actor in the bitcoin eco. Others use bitcoin as their primary currency. And still others would prefer BTC as their currency but, due to tax la

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