jraedisch

15 ms·

91.
by jraedisch 7y ago
Yes, it is. It is the first, arguably the most decentralized and safe, and absolutely the most valuable (by market cap) and thus most trusted store of value.
92.
by jraedisch 7y ago
IMHO one should not accept alternative cryptocurrency, since they can be seen as a form of inflation, which is against Bitcoin's idea. 1 or 21 million does not really make a difference, as long as they are infinitely divisible.
93.
by jraedisch 7y ago
I am ok with that.
94.
by jraedisch 7y ago
Yes, I would, provided there is another asset that I would expect to appreciate against it. Also there is a difference in short term and long term. In short term one might sell only to buy again after corrections, but this is risky/har
95.
by jraedisch 7y ago
There is a lot of work done in analyzing holding patterns. Would probably be interesting to see comparison to usage and price of gold as a store of value. For me, buying and holding seems to be legitimate usage. I guess that would count as
96.
by jraedisch 7y ago
How will the Lightning Network corrupt Bitcoin? The article does not say anything about that.
97.
by jraedisch 7y ago
Thanks for taking the time! I never pushed broken code, just configured the cloud function before pushing the code. They accepted the issue by now, BTW, which I am quite thankful for.
98.
Google dismissing serverless issue because of “code testing mentality”(issuetracker.google.com)
3 points by jraedisch 7y ago|2 comments
99.
by jraedisch 8y ago
You are correct in that money can and will still be used for fraudulent activity. But the system itself (so far) could not be corrupted. So there is a class of systemic manipulation, that becomes a lot harder with Bitcoin (e.g. inflating mo
100.
by jraedisch 8y ago
I would not call it preventing fraud, rather simplifying global money supply and making it more transparent, which in turn could prevent fraud due to smaller attack surface and more eyeballs.
101.
by jraedisch 8y ago
I thought the problem was, that their own apps do not have to pay 30%, so they can easily replace any app with their own, if they choose to.
102.
Warren Buffett: Bitcoin is ingenious but not unique(cnbc.com)
5 points by jraedisch 8y ago|0 comments
103.
by jraedisch 8y ago
Full interview (relevant part starts at 25:30): https://ark-invest.com/research/podcast/elon-musk-podcast
104.
by jraedisch 8y ago
Imagining more and more people buying into Bitcoin in the future, there could develop some form of global governance, e.g. because it is becoming "too big to fail".
105.
by jraedisch 8y ago
The author states that he heard of Bitcoin at $17 and then goes on describing Bitcoin as providing "oligarchic control" to early investors. This means he too could have invested. Additionally I would think it to be very hard to in
106.
by jraedisch 8y ago
Kim Stanley Robinson is a great SciFi Writer. "2312" is probably my favorite of his works (the first I read). I enjoyed the hopefulness of the article. Being part of the next decades will be very interesting.
107.
by jraedisch 8y ago
The two arguments seem to be that Bitcoin will either be replaced by a "better" competitor, or that governments will forbid it as soon as it becomes too successful. Both seem rather improbable to me. The first argument is focused
108.
by jraedisch 8y ago
How is it killing Bitcoin? Any arguments, or just trolling? There are at least two alternatives to the Blockstream implementation you can choose from, and LN has the potential to become better cash than Bitcoin (or any hard fork so far) alo
109.
by jraedisch 8y ago
They are mining (more) ASIC resistant tokens like Ethereum.
110.
by jraedisch 8y ago
Isn't this already priced into the transaction costs, so that destructive pools (those mining empty blocks) are at a slight disadvantage over the lon run?
111.
Playing Satoshi Tennis Over the (Bitcoin Based) Lightning Network(raedisch.net)
2 points by jraedisch 8y ago|0 comments
112.
by jraedisch 8y ago
It is from 2013 https://arxiv.org/abs/1311.0243
113.
by jraedisch 8y ago
"When the selfish miner pool finds a block, it is in an advantageous position with a single block lead on the public branch on which the honest miners operate. Instead of naively publishing this private block and notifying the rest of
114.
by jraedisch 8y ago
The article promotes a more moderate Bitcoin Maximalism, that does not abolish "Smart Contracts" or the possibility of another chain overtaking Bitcoin e.g. in market cap. For the first point there are more and more 2nd layer solu
115.
Come [to Bitcoin] for the Price, Stay for the Education(medium.com)
1 points by jraedisch 8y ago|0 comments
116.
by jraedisch 8y ago
I wrote about it with kind of an amateur's perspective https://raedisch.net/articles/bitcoin and am actively seeking discussions. Most people are guarded (rightfully so) possibly in fear of being burned. There are
117.
by jraedisch 8y ago
So far I have only spent Bitcoin via the Lightning network. I bought vouchers at https://bitrefill.com . I also know of a web store that integrated the https://bitpay.com/ API. https://www.cryptowisser
118.
by jraedisch 9y ago
cached version: http://webcache.googleusercontent.com/search?q=cache:https:/...
119.
by jraedisch 9y ago
It is a combination of HODLing, long transaction times and high fees. At least the latter two can (and hopefully will) be lowered by improving the tech. And HODLing should lessen if Bitcoin become less volatile. It might still take a while
120.
by jraedisch 9y ago
That's what I thought: in a world with decentralized markets, people will probably spend more on the (software) clients or filtering services.

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