hndamien

86 ms·

961.
by hndamien 9y ago
I'd say he "purposefully" undervalued it.
962.
by hndamien 9y ago
This isn't true, if you are saving it you are reducing supply and driving the price up. This gives economic opportunity to other savers who at some point may try and build or sell something that has a greater rate of return than the de
963.
by hndamien 9y ago
The price is revolutionary. It is a low cost vehicle for high cost signalling.
964.
by hndamien 9y ago
Why do this when we already have a successful open one called Bitcoin?
965.
by hndamien 9y ago
Would be nice to be able to see the relative places in the solar system.
966.
by hndamien 9y ago
Me too.
967.
by hndamien 9y ago
It comes down to a multiplier effect. If you have no privilege, your multiplier is 0 or inconsequentially small as a risk multiplier for the amount of risk you can feasibly take.
968.
by hndamien 9y ago
This is probably true, but wealth is only distributed when traded for wealth (or service for wealth creation).
969.
by hndamien 9y ago
Something, something, time value of money.
970.
by hndamien 9y ago
How about Bragi...
971.
by hndamien 9y ago
Sia might be a good option - https://blog.sia.tech/ $0.48 per TB per month
972.
by hndamien 9y ago
That is solved, but not so easily, with a blood test.
973.
by hndamien 9y ago
That was accredited investor only.
974.
by hndamien 9y ago
He could have avoided it by being a nice person.
975.
by hndamien 9y ago
I think we found the guy that regrets not buying any Bitcoin (the author - not manbearpigg)
976.
by hndamien 9y ago
Bitcoin started as a non-profit (obviously not technically but my point is, cryptocurrencies allow you to leverage and trade value created without external money)
977.
by hndamien 9y ago
Well, they can receive without electronics.
978.
by hndamien 9y ago
With the same key is a very important distinction there.
979.
by hndamien 9y ago
It is a bank, so I will keep buying.
980.
by hndamien 9y ago
They are also assuming everybody is losing. I'd be willing to bet that this value creation and investing accessibility has lifted more people than it has hurt.
981.
by hndamien 9y ago
I'm also from Australia and moving money is not instant between different banks. Crypto settlement is instant.
982.
by hndamien 9y ago
The point of all of this is to disrupt Uber, and not to be cool.
983.
by hndamien 9y ago
Get over where the decimal point is. The objective is to hold wealth in places that grow as fast as possible or at the very least, don't go backwards.
984.
by hndamien 9y ago
We also value space and time differently because it is so damn expensive. The things you own, own you in many ways, so reducing them increases living space, and time which are both in short supply.
985.
by hndamien 9y ago
I'm fairly certain I'm not poor but a few of these apply to me. Not enough room for all the people in the house. Driving an $800 car - although it works very reliably - maybe it is $1200 US. Living next to the freeway - well a 5 l
986.
by hndamien 9y ago
Have you used a bank lately? Tried moving money and buying some stocks? Tell me how long that takes from money leaving your account to settlement.
987.
by hndamien 9y ago
To be honest, it isn't that impressive unless you see the totality, in which case you need no glasses. Completely worth the trip out of the way if you can go see it.
988.
by hndamien 9y ago
I basically just moves the bottom rung above poverty, so these people can now spend and help the money velocity increase. Plus, they are no longer in poverty (hooray!)
989.
by hndamien 9y ago
Correct. There were plenty of economists that said Bitcoin would fail, and philosophers that thought otherwise. The jury is still out, but I know who is winning. https://twitter.com/damiendonnelly/status/9176607402
990.
by hndamien 9y ago
Don't underestimate the exponential.

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