honestlyreally

10 ms·

31.
by honestlyreally 9y ago
The original assumption was just world cash supply (M0), include all m3 supply and you in for a surprise. Who creates money is the best answer to your questions.
32.
by honestlyreally 9y ago
The finite bag of 21m coins? Vast majority of which are likely lost from when it was worth a few cents? If bitcoin has utility, its price will reflect that.
33.
by honestlyreally 9y ago
The court can order the contract's private key to be magically willed into existence? The law often sees itself as onnipotent, but it stands no chance against cryptography and unnamed contract authors.
34.
by honestlyreally 9y ago
Norways sovereign wealth fund is the worlds biggest. They can probably afford a few risks
35.
by honestlyreally 9y ago
Tezos, staus and filecoin all have inflating supplies, they are the biggest icos in history. Bancor is essentially uncapped in how many tokens can exist. Between them they've raised $500m. I'll have disagree with you on this
36.
by honestlyreally 9y ago
How many companies do you know that issue new shares every hour?
37.
by honestlyreally 9y ago
The whitepaper is mostly in layman's terms. It isn't hard, think many just refuse to start from the start. http://nakamotoinstitute.org/bitcoin/
38.
by honestlyreally 9y ago
What i don't get is how an eth token gets bought in eth, and creates millions of dollars of a new currency yet eths marketcap doesn't go down?
39.
by honestlyreally 9y ago
Crypto currency is the wild west,there's no one coming to save you, exchanges and whales have access to the books on who they can squeeze. Its how many operate.
40.
by honestlyreally 9y ago
Isn't that the problem here?
41.
by honestlyreally 9y ago
I really can't agree with your take on inflation being a necessity for stable societies. It's a fallacy. Eventually developed countries hit a point where they are just chasing the next economic hit only to cause disastrous misallo
42.
by honestlyreally 9y ago
There's not a single country on earth with full reserve, so guessing that sharia claim isn't correct.
43.
by honestlyreally 9y ago
Look beyond headlines and you'll see that the vast majority of cryptocurrency mining is powered by regionally oversupplied renewable power. Here's the biggest in the world located in Iceland, its 100% renewable. https:/&#x2F
44.
by honestlyreally 9y ago
Perhaps reframing the question to include remote piloting for take off and landing. Pilots are needed for small fraction of flight time, and air travel continues to boom.
45.
by honestlyreally 9y ago
Is this not the concept of forward secrecy? Crypto can be safe today and broken tomorrow.
46.
by honestlyreally 9y ago
Measuring the actual carbon produced by butcoin mining is hard, miners inevitably co-located with cheap sources of power where renewable power is oversupplied. Compare that to say air travel
47.
by honestlyreally 9y ago
If everyone wants to take their $2000 out at once, can they? In most countries that's highly unlikely, so is it really $2000? Or something entirely different?
48.
by honestlyreally 9y ago
Very bizarre to state the obvious use cases, then nullify it with handwaving. The current cost to move $10m of bitcoin across international borders is about $1. Attempt the same via conventional means and you'll quickly realise it&#x27
49.
by honestlyreally 9y ago
Which sadly doesn't get enough love. It's going to take Gox 2.0 before people realise its true value.
50.
by honestlyreally 9y ago
I think 90% of people here wouldn't comment on this story had they actually tried paint3d. It's just a mspaint with an updated layout and more features. Y'all are arguing about msoffice 2007 vs 2010. I never downloaded it, is
51.
by honestlyreally 9y ago
> The blockchain is an interesting technical achievement, and so are smart contracts, but they are not a replacement for laws and governments. A lot of Venezuelans would disagree with you there. History clearly shows governments fail to
52.
by honestlyreally 9y ago
Regulation works wonders for incumbents most days of the week.
53.
by honestlyreally 9y ago
People who promote convenience without talking about the cost scare me the most.
54.
by honestlyreally 9y ago
>What am i missing? Sharding is possible because you trust the db. Blockchains are databases built on trustlessness.
55.
by honestlyreally 9y ago
Show me one db with auth that can't be maliciously altered. Agree that many usecases would be better served by a centralised system, but many don't seem to grasp how useful an immutable database is. Even with the advent of quantum
56.
by honestlyreally 9y ago
Transparent voting mechanisms, prediction markets, p2p betting, gaming micropayments, distributed computing rewards, replacing entire national currencies because of irresponsible governments,etc
57.
by honestlyreally 9y ago
They reward you by charging the merchant more. You realise that right?
58.
by honestlyreally 9y ago
Bitcoin solves the Byzantine Generals problem.
59.
by honestlyreally 9y ago
Id suggest going to Venezuela and looking for yourself.
60.
by honestlyreally 10y ago
Also should be mentioned it was an incredibly sensible taxation policy to cope with the boom bust cycles of mining, we have a progressive income tax system, a progressive corporate tax policy isn't far fetched Sadly it only came into e

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