etr-strike

12 ms·

61.
by etr-strike 9y ago
Bitcoin has the potential to serve as a subsidy to green energy. A significant amount of wind energy in China, for instance, is simply burned off as waste heat. Over 30% in some cases. This waste happens when there's no demand for t
62.
by etr-strike 9y ago
Yes. In my opinion the diversified international market is being propped up by coordinated actions by the worlds central banks. These markets lost more than 50% of their value in 2008. Central banks are keeping them afloat at the expense
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by etr-strike 9y ago
Random fact: Ripple, IOTA, and Stellar Lumens are not decentralized and trustless.
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by etr-strike 9y ago
Sorry you can't see the value and potential of Bitcoin. I hear there's a new social media platform selling ads; you should keep your money with them.
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by etr-strike 9y ago
History will think of you the same way we think of the Xerox executives handing Apple some of the most important technology of our generation.
66.
by etr-strike 9y ago
Plenty of us find value in a currency that isn't controlled by a central authority and isn't subject to inflation. We're betting others who value saving over risking their savings in the stock market will also value such a c
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by etr-strike 9y ago
An increase in blocksize means an increase in propagation delay. Too much delay and miners who are closest to the most recent block get a head start mining the next block. Mining is suppose to be a lottery, not a race. Research done on th
68.
by etr-strike 9y ago
I hate to break it to you but none of the existing cryptocurrencies know how to scale transactions yet. There are, however, many proposed solutions. Bitcoin is aggressively pursuing those solutions. The worst proposal, increasing blocksiz
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by etr-strike 9y ago
Glad I found the person who is able to speak for everyone who is buying.
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by etr-strike 9y ago
Some people are speculating. Some people are believers. No one knows if it's a bubble. And you don't know the reason why people are choosing to buy.
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by etr-strike 9y ago
The Ethereum network is imploding under its own weight. Running an ethereum node has become quite expensive and requires very state of the art hardware just to keep up. There’s a reason bitcoin chose the constants it did.
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by etr-strike 9y ago
Who are you to speak for all the people buying bitcoin? Of the people I know buying, many do so because they believe in the tech and disagree with modern monetary policy.
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by etr-strike 9y ago
Much smaller amounts compared to the fraud taking place during 2008.
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by etr-strike 9y ago
Banks aren’t giving loans to buy bitcoin.
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by etr-strike 9y ago
Most people also leave stocks they own with their brokerage. In fact, they don’t even realize it’s the brokerage listed as the owner of their shares and in all likelihood the brokerage has loaned them out to short sellers and is earning in
76.
by etr-strike 9y ago
The real estate bubble of 2007 was only able to happen because of the cheap money the fed made available. The vast amount of bitcoin is paid for from savings, not debt. Meanwhile, Yellen just warned that there is excessive amounts of debt
77.
by etr-strike 9y ago
As I said, you owe your gains in the market to the central bankers. People who didn’t want to risk their life savings in the market suffered due to inflation these last 10years. People who had the luxury of investing in the market benefit
78.
by etr-strike 9y ago
The S&P only gained because the fed bailed it out. Thank Bernanke and Yellen for your asset price inflation.
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by etr-strike 9y ago
For the first time in history people can decide which characteristics they desire in their money. People look at bitcoin and see money that can be sent anywhere without needing approval from anyone. They can store their money themselves. T
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by etr-strike 9y ago
My bad, I thought we were comparing global decentralized and trustless systems.
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by etr-strike 9y ago
What existing “normal” systems?
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by etr-strike 9y ago
“Bitcoin cash” is a name chosen to confuse newcomers and attempt to steal the bitcoin brand. The CEO of bcash refers to Bitcoin as “SegwitCoin” and their official /r/btc subreddit regularly claims to be the real bitcoin. Bcash is
83.
by etr-strike 9y ago
Because miners on the other side of the world don’t hear about the latest block until much later than other miners? Miners who hear about it first get a head start mining the next block. If the delay is significant, you get a single minin
84.
by etr-strike 9y ago
Never heard of it. I suspect their claim is either bogus or their coin is a database.
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by etr-strike 9y ago
Of course there’s a CEO. Here’s an official statement from him: https://falkvinge.net/wp-content/uploads/2017/11/letter-from...
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by etr-strike 9y ago
Your link is a news article and not actual research. The details of their specific test are barely provided. Please provide actual research as I have provided you.
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by etr-strike 9y ago
The BCH blocks are all very small. Go look at their blockchain stats. Most blocks are 10kb in size. The network is barely used. Once they start actually mining big blocks we’ll get some real data. I think it’ll be very interesting to see
88.
by etr-strike 9y ago
“Bitcoin cash” is a name chosen to confuse newcomers and attempt to steal the bitcoin brand. The CEO of bcash refers to Bitcoin as “SegwitCoin” and their official /r/btc subreddit regularly claims to be the real bitcoin. Bcash is
89.
by etr-strike 9y ago
This news article doesn’t tell me anything other than if you have a few state of the art computers geographically close all connected to a state of the art internet connection they will maybe be capable of mining 1gb blocks. If that’s your
90.
by etr-strike 9y ago
You continue to ignore the actual research. http://www.tik.ee.ethz.ch/file/49318d3f56c1d525aabf7fda78b23... The above directly demonstrates how block size results in significant propagation delay. I ask you again: can

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