kayamon

11 ms·

91.
by kayamon 4y ago
People in finance don't go to jail.
92.
by kayamon 4y ago
Most banks loan their customer assets out. You money isn't sitting in a big Scrooge-McDuck money pit at Citibank -- it gets loaned back out to other people.
93.
by kayamon 4y ago
In general in life, things don't work if you do them wrong. Things working requires doing them right.
94.
by kayamon 4y ago
I was looking for apartments recently and I saw one that took rent in Bitcoin.
95.
by kayamon 4y ago
(not op) Bitcoin's difficulty adjusts on-demand. Regardless of how many or few people use it, as long as some people do then it'll keep existing and sitting there clearing transactions all day long, spitting out new blocks every
96.
by kayamon 4y ago
lol how dare you hoard all that money in your bank account
97.
by kayamon 4y ago
Yes. All banks do this. If everyone went to their bank tomorrow and asked for their money back you’d see the same thing.
98.
by kayamon 4y ago
Not your keys not your coins. If you put your money in someone else's bank then they'll loan that money out against your will.
99.
by kayamon 4y ago
Why make the right choice when you can simply make the popular choice and then print more money to paper over the cost?
100.
by kayamon 4y ago
> Fiat currency has issues, but at least a government has the authority to conjure money out of nothing and hand it to the poor. They also have the authority to conjure money out of nothing and hand it to the rich.
101.
by kayamon 4y ago
Is consciousness simply the art of being unpredictable?
102.
by kayamon 4y ago
Not your keys, not your coins.
103.
by kayamon 4y ago
If you frequently make stupid typos perhaps you may enjoy writing lessons to go with the reading comprehension ones.
104.
by kayamon 4y ago
If things frequently seem nonsense to you perhaps greater reading comprehension skills may help you keep up with busy-minded folk.
105.
by kayamon 4y ago
> strdup(x) is equivalent to malloc(strlen(x))
106.
by kayamon 4y ago
Maybe your mind would become more engaged if you took the time to understand how the functions worked properly.
107.
by kayamon 4y ago
Good luck taking down Bitcoin.
108.
by kayamon 4y ago
> but at some point you need to convert it to a 'real' currency to pay for food or gas or server costs or whatever. No you don't. > And if you find a service that lets you buy food with crypto, eventually they will need
109.
by kayamon 4y ago
You can't just mint a new BTC on demand -- the hashing takes a fixed amount of time/energy that you have to wait for.
110.
by kayamon 4y ago
> If people can be happy in concentration camps we can be happy in dead end office jobs. I don't think people in concentration camps are happy.
111.
by kayamon 4y ago
I do that a lot when thinking, always have. I learned later in life that I have celiac disease and in hindsight I believe that to be related.
112.
by kayamon 4y ago
Random things I found interesting: https://dergigi.com/2021/01/14/bitcoin-is-time/ https://blockstream.com/eltoo.pdf
113.
by kayamon 4y ago
These mathematical duels still happen today. The field of cryptoeconomics is full of online debaters trying to prove/disprove who amongst them understands the most economic game theory.
114.
by kayamon 4y ago
Padding work is hard and the benefits are often marginal.
115.
by kayamon 4y ago
Exactly, so BTC and BCH would be considered different commodities. But BCH can never win provably in the long-term, so therefore would not be able to qualify as a functioning commodity.
116.
by kayamon 4y ago
If you don't believe it or don't get it, I don't have the time to try to convince you, sorry. Perhaps try some online learning resources: https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall...
117.
by kayamon 4y ago
No?
118.
by kayamon 4y ago
Perhaps you should read about fractional reserve banking. The same money can indeed be loaned out against ones will and reappear elsewhere in the economy in two different places at once.
119.
by kayamon 4y ago
Bitcoin solves the double-spending problem.
120.
by kayamon 4y ago
A commodity must be fungible -- i.e. that would imply BTC and BCH/LTC were economically interchangeable. They aren't. Bitcoin's blockchain has a longer proof-of-work than BCH. Honest nodes will only mine the longest blockchai

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