jraedisch

9 ms·

61.
by jraedisch 7y ago
What about the Bitcoin ecosystem? Same recommendation?
62.
by jraedisch 7y ago
Keeping cash does not mean one has to keep it at home. You can actually leave it in a safe at the bank and just use the bank as a warehouse. In this case you have to pay a small fee, but you decrease the amount of cash that can be used for
63.
by jraedisch 7y ago
Bitcoin is much like cash in that you can choose to opt out of making your money available for fractional reserve. Why with cash many don't do that, beats me. According to Keynes, people should withdraw their cash when there is no inte
64.
by jraedisch 7y ago
I am slightly more pro Bitcoin, but it is still a great read.
65.
by jraedisch 7y ago
If you want to start hacking right away: I started with setting up my own Bitcoin/Lightning node with LND/BTCD, since I was a little more comfortable in the Go ecosystem. Nowadays I would probably use Bitcoind since it is the de f
66.
by jraedisch 7y ago
I would argue that smart savers at the moment are saving in cash in a safe. They would not get any USDf, right? So USDf is for the less informed. Are you expecting them to actively go through an unlocking process? Or will their banks do it
67.
by jraedisch 7y ago
What money is going to be fully reserved? Base money or credit money or both? What happens to new credit money? How do you keep the blockchain based currency from trading at a different value, e.g. me not believing in it selling USDf for re
68.
by jraedisch 7y ago
There is more to gain by breaking Bitcoin the more it is worth. There is also more to gain by keeping it from breaking. The optimistic perspective is, that it will adapt along the way.
69.
by jraedisch 7y ago
Seems also they bet on Bitmain, not on Bitcoin, which is arguably recovering better.
70.
by jraedisch 7y ago
This is the second time that Planb is on. First episode is interesting too, and can be found here: https://stephanlivera.com/episode/67
71.
by jraedisch 7y ago
I used them to get to the airport and back once. Pricing was ok (probably around two thirds of a cab for a single person, but for more persons the ratio gets worse). On the way back it took twice as long though since the driver went back to
72.
by jraedisch 7y ago
I came around to thinking that CSW should be challenged wherever possible, to show he has little public support. The conspiracy theorist in me considers him a probe to see whether Bitcoin can be averted by labelling it "for bad people
73.
Bitcoin price surge is not just about Facebook's crypto push(finance.yahoo.com)
2 points by jraedisch 7y ago|0 comments
74.
by jraedisch 7y ago
With all these articles I always find myself asking on why they are so sure on what caused the recent price change. It often seems like price is changing first and then everyone goes searching for an explanation, and one is then chosen arbi
75.
by jraedisch 7y ago
"Such data don’t necessarily mean hedge funds are placing outright bets that bitcoin will drop. The short bets could also be part of hedging strategies: for instance, a fund with a portfolio of bitcoins might go short at CME as insuran
76.
by jraedisch 7y ago
Some bitcoiners would also argue that saving will lead to more informed and contemplated spending, thus reducing waste. Some are already saving a lot because they are expecting benefits in the future, a feeling which might have gotten lost
77.
by jraedisch 7y ago
A more economical solution that keeps all of Bitcoin's benefits would be nice, but it is not clear at all, whether that is possible. By forbidding Bitcoin large countries might make a dent in its adoption curve and push the problem bac
78.
by jraedisch 7y ago
Ah, ok. I guess with the solution I had in mind you could not simply replace a function without recompiling. So an interpreted language might be better suited.
79.
by jraedisch 7y ago
Could that be implemented as a subset with a little bit of metadata of e.g. go packages? They can be limited to a single function, there is a quasi naming standard via git URIs, and mod.sum contains hashes, albeit locally, but there is a be
80.
by jraedisch 7y ago
I did not see any sources on the page. Also even if it was true, the important bit is whether the BTC price is set below market rates when signing the contract, or if it is just below market rate in hindsight. E.g. I could imagine signing a
81.
by jraedisch 7y ago
If they would tell me, I wouldn't be. They seem to like clickbaity headlines. If Neal himself would tell me, I would be surprised, because I neither consider him a liar, nor (if he truly did invent Bitcoin) an idiot, since it would be
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by jraedisch 7y ago
They would not have to change the protocol for that though. Could have just created another implementation, or better yet, contribute to one that already existed (like btcd). With their superior programming skills they would have surely bec
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by jraedisch 7y ago
I think there is big value in continuity of store of value. People will be easier to convince if they do not lose stake when forking. One would not be buying BTC if one would fear that it can be replaced easily while destroying one's s
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by jraedisch 7y ago
Maxing out credit cards has nothing to do with it. Nobody is forcing you to do that. How much you buy is depending on you, and it should be an amount that you won't need in the coming ??? (4 seems to be a good guess) years.
85.
by jraedisch 7y ago
If I buy BTC and prices rise enough, I can sell for more than I paid, pay my debt and still keep some. In this scenario the majority of people who did not buy BTC or other less inflationary assets will suffer a lot more than me.
86.
by jraedisch 7y ago
Then why isn't everybody shorting everything all the time?
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by jraedisch 7y ago
The reason why I think Bitcoin's success (read increasing in wealth infinitely against fiat, albeit slowing down over time) is more probable than its demise is not that it is some kind of replacement religion for me. It is just that I
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by jraedisch 7y ago
Why should all btc holders sell all their holdings, especially if price is steadily rising, since central banks are inflating money supply to buy more?
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by jraedisch 7y ago
Could you elaborate on how one would keep an asset artificially low?
90.
by jraedisch 7y ago
Why?

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