fredfoobar

10 ms·

91.
by fredfoobar 5y ago
This statement was made for experimental purposes, to understand HN biases.
92.
by fredfoobar 5y ago
Time for an AI winter I guess.
93.
by fredfoobar 5y ago
Give us a gd monitor in that form factor already!
94.
by fredfoobar 6y ago
Good zinger! that'll show them!
95.
by fredfoobar 6y ago
How did you come to that conclusion?
96.
by fredfoobar 6y ago
Why is it a direct conclusion that the investors want dollars? it's currently the only system that is available to Coinbase within the US and they're utilizing that. What is stopping the investors from buying back in with the doll
97.
by fredfoobar 6y ago
If there was an alternative option allowed by the SEC in the US, I'm certain that they'd have chosen that. This is not a cut and dry conclusion (that the investors want dollars).
98.
by fredfoobar 6y ago
Since there is a good chance you have not read the details within stokr.io, I'll offer some details, this is not just for retail investors, there is a minimum required investment in most projects, for example: https://stokr.
99.
by fredfoobar 6y ago
Why?
100.
by fredfoobar 6y ago
If you want to short a stock, you should at the very least do some due diligence and read the article before you comment.
101.
by fredfoobar 6y ago
The reason is the SEC. Look into stokr.io.
102.
by fredfoobar 6y ago
The banking system is just a part of the puzzle. What makes a particular fiat currency the banking system valuable? Zimbabwe had a banking system too, why isn't their currency worth as much as the US dollar?
103.
by fredfoobar 6y ago
This is misleading, why are you using "transactions per block"? that's an incorrect metric, because blocks will get mined regardless of the number of transactions in it (in fact, you can batch WAY more transactions into a blo
104.
by fredfoobar 6y ago
Sure, locally, those principles work, because you see and interact with the people often. But on the internet, it doesn't work, that's where I was going with "unscalable", I'm not claiming that you have to ditch &qu
105.
by fredfoobar 6y ago
Can you share how you worked that out?
106.
by fredfoobar 6y ago
Look, you can't both, compare it to some system that you know and then suddenly claim that I'm changing the topic to focus on the system you compared it to, at the same time. If you are comparing X to Y and I question your assumpt
107.
by fredfoobar 6y ago
I'm sorry, but I don't think you understand bitcoin mining at all. Bitcoin mining is not just "making currency", the miners get a reward for minting a block, which is just a bundle of transactions. The new bitcoin they g
108.
by fredfoobar 6y ago
Unfortunately, that is not scalable. Even within academia, there is a lot of proof of work going on, it is a very natural phenomena if you look deeply enough. Consider some area of academia, you have to come up with a hypothesis, test it, c
109.
by fredfoobar 6y ago
How long does an international wire transfer take? how much energy does it consume? Seriously, if you are going to make a statement like "pathetically inefficient at moving value", can you at least be honest and actually understan
110.
by fredfoobar 6y ago
I get the "worse" comment, but not the "even worse" one. The system is NOT incentivizing people to join and waste electricity, the returns are diminishing for mining (and it gets worse every 4 years), the amount of up-fr
111.
by fredfoobar 6y ago
I'm guessing here, but I think dandanua wants a world where people would listen to smart people like him to get their "true" information so that they don't have to waste their time and energy to refute "total nonse
112.
by fredfoobar 6y ago
Mining bitcoin does convert electricity into value though (it's just O(1) as you said it, doesn't scale with more electricity added). Mining bitcoin allows you to exchange value on the network, THAT is what is valuable.
113.
by fredfoobar 6y ago
You need to transport and secure gold between transacting parties, you will need to audit the gold coin/bar/jewelry for purity (you aren't going to blindly trust people are you?)
114.
by fredfoobar 6y ago
HackerNews has a huge anti-bitcoin bias, if it isn't clear to you, it should be now.
115.
by fredfoobar 6y ago
No, it's not a "dangerous thought process" it just means that we expect you to do SOME research and understand the thing you are critiquing. Is that too much to ask??
116.
by fredfoobar 6y ago
power generation is a local phenomena, there are many such stranded/renewable sources of energy. I recommend reading this article: https://www.coindesk.com/frustrating-maddening-all-consuming...
117.
by fredfoobar 6y ago
I will not be, but some people might. Please consider the history of the world.
118.
by fredfoobar 6y ago
I will not, but some one will and they'll sell it for a premium [1]. 1: https://www.nasdaq.com/articles/bitcoin-is-trading-at-a-46-p...
119.
by fredfoobar 6y ago
PoS is not as good as you make it seem. It will create an unbalanced system where the "rich" people get to control the system, this is not what bitcoin is about.
120.
by fredfoobar 6y ago
How can you convert excess electricity from a hydroelectric power station (which the downstream grid can't handle) into energy for justic/police/law systems? I'm curious.

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