janoside

5 ms·

1.
by janoside 5y ago
The Bitcoin network is a global energy buyer with properties unlike any other. It will continue to bid for stranded and excess energy that cannot be used for other applications. With last year's Chinese mining ban the network has becom
2.
by janoside 5y ago
https://www.lynalden.com/bitcoin-ponzi-scheme/
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by janoside 6y ago
Your view on currency exposes your extremely elitist bias. Are you aware that a large portion of the population is unable to purchase assets? What do you say to these people? What do you say as the dollars they earn pay less of their rent?
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by janoside 6y ago
What's the point, you ask... Here is Ross Stevens, CEO of Stone Ridge Asset Management, describing "the point" for an hour: https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macr... It so
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by janoside 6y ago
In many cases this is incorrect. Bitcoin's mining network is the first global energy market that unlocks stranded energy (energy produced too remotely to be profitably inserted into any grid) and brings its value to society. Natural ga
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by janoside 6y ago
Rather than a case, how about a framework to evaluate going forward: the market. Given enough time, I'm pretty sure the market will root out the "real value" of bitcoin and keep assessing the "real value" of gaming.
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by janoside 6y ago
Via Tesla, bitcoin is now implicitly held by all investors in the S&P 500, including, very likely, you. You are now a benefactor of bitcoin's growth, whether you're aware of it or not. This trend, where bitcoin quietly confers
8.
by janoside 6y ago
Nic Carter's rebuttal to a Bloomberg comparison between Bitcoin/Visa, including assessments of total and per/transaction energy usage: "First of all, Bitcoin and Visa are fundamentally different systems. Bitcoin is a com
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by janoside 6y ago
Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, someone who spends a lot of time and energy trying to help people in economically repressed circumstances, clearly disagrees with your assessment: https://tim
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by janoside 6y ago
My guess is you have no idea of the underlying dynamics because you haven't done your research before deciding for yourself and stating confidently "can be explained by nothing else than..." Here are a couple of threads descr
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by janoside 6y ago
Culture evolves slowly, often only changing dramatically across generations. Multiple generations in USA (which is a dominantly exported culture globally) have adopted the "drugs"-are-bad idea as a core belief (it's also wort
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by janoside 6y ago
No, it doesn't. Money, perhaps more than anything else in human society, exhibits network effects that incline it toward winner-takes-all dynamics. Every money implicitly competes against every other money. I recommend taking a look at
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by janoside 6y ago
I appreciate your perspective. I feel like I'm taking crazy pills these days on HN concerning BTC. This idea (early rejection, re-justification) is a helpful heuristic for understanding some of it at least.
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by janoside 6y ago
The "market" is always active and always looking to select the best of everything, including money. Bitcoin isn't be-all/end-all magical money - but it is a massive, order-of-magnitude improvement on history's gre
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by janoside 6y ago
As a tech enthusiast on a forum heavily populated by people interested in disrupting aspects of the world through technology, you are missing a big, big boat here. And I'm not even referring to the possible investment opportunity - rat
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by janoside 6y ago
We cannot expect any actor (human or otherwise) to act against their own best interest. Google/Youtube, an entity with incentives, will act to maximize it's share of your time spent with them - it cannot function any other way, le
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by janoside 6y ago
Part of me (the emotional part) agrees with you. But without offering a human-nature compatible monetization mechanism to replace ad monetization, I'm sure you'll lose many things that you deeply value without acknowledging or und
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by janoside 9y ago
1. This is a common criticism, but probably shouldn't be. It would be nice if the activity of folding proteins offered the same proof-of-work, security attributes as, for example SHA256, but sadly it doesn't. As in all systems the