keymone

42 ms·

391.
by keymone 6y ago
Sorry, plopping JavaScript on top of blockchain is not something I would call visionary. Smart contracts were there long before eth. Ethereum is a huge pre-mine scam with lots of promises and very little delivery. It’s got nice PR, but it’s
392.
by keymone 6y ago
Miners don’t dictate protocol rules. Miners do one job - hash blocks. And they get rewarded for it. Miners are only one participant in the ecosystem, there are also users, merchants and developers. Governance of any cryptocurrency is extrem
393.
by keymone 6y ago
Yeah. It really is.
394.
by keymone 6y ago
> It’s broken by design. it's genius by design. so far nothing other than PoW was shown to work. > We shouldn’t keep Bitcoin alive just because it was the first successful attempt. you're not keeping it alive, it exists in a
395.
by keymone 6y ago
externalities in this case are caused by energy producers, not consumers.
396.
by keymone 6y ago
It’s like you’re trying to misunderstand and not understand on purpose... Bitcoin has finality and on top of bitcoin you can build the arsenal of tools. Lower value transfers got priced out because fees that previously were low in dollar te
397.
by keymone 6y ago
> Ah yes. "Anti-features" like protecting your money. they aren't protecting your money, they are protecting the financial system in which you're currently being fucked but it happens so slowly that you've fooled
398.
by keymone 6y ago
first, those were not the arguments in form "complaint about Bitcoin not working", those were attempts to rebutt my earlier statements why it's erroneous to view bitcoin in context of environmental issues. > if Bitcoin wor
399.
by keymone 6y ago
1. those experts have been agreeing it'll crash ever since bitcoin hit $1, sorry if i dont have a lot of faith in their expertise. 2. .. in which you agree that producers, not consumers are responsible for carbon output. i dont get you
400.
by keymone 6y ago
> It's clear you didn't even pretend to read it. Or understand all the problems listed. Payments is just a part of the first article. The sequel doesn't even talk about payments. it's clear you didn't even preten
401.
by keymone 6y ago
I read it, it’s an article from 2017 proclaiming bitcoin is worthless for a payment system while it is now 2021 and amount of value exchanged on bitcoin is more than ever. Author is clueless and the article is worth nothing.
402.
by keymone 6y ago
sure, but that's the natural progression of things which i have nothing against.
403.
by keymone 6y ago
not evil, more like "people jump to conclusion that's easy to stick by instead of spending a few brain cycles to consider why it could be wrong".
404.
by keymone 6y ago
i feel like HN's outrage about bitcoin mining is just virtue signaling. 1. bitcoin has created a market where people purchase security of their assets with the ultimate currency - energy. that market isn't going anywhere, the idea
405.
by keymone 6y ago
ah yes, another bitcoin obituary, there's hundreds of them on the internet posted quite regularly, ever since bitcoin's inception.
406.
by keymone 6y ago
Bitcoin was being distributed for a decade, nano was “distributed” in a matter of months and there is no way to tell what is the real distribution, for all its worth a single entity could be in control of 95% of it.
407.
by keymone 6y ago
The difference is that it was not a premine. I don’t know how can you say it’s a small difference..
408.
by keymone 6y ago
Valid observation. The difference is that bitcoin isn’t a premine.
409.
by keymone 6y ago
Nano is a scam. Nano fanboys don’t even get the concept of latency on the internet, forget anything more complex like recovery from network partitions. There are reasons behind most of the things that you consider drawbacks in bitcoin, shit
410.
by keymone 6y ago
> we can decide collectively as a society that a thing is valuable or not-valuable and intentionally set a particular price for it yeah, that's exactly what's happening to bitcoin for last 10 years. > turning electricity int
411.
by keymone 6y ago
Your aim is off, bitcoin using energy is fine just like any other use of energy is fine, part of the free market of ebergy. It’s production of energy from fossil fuels that isn’t fine.
412.
by keymone 6y ago
Mining is what makes bitcoin valuable, without it we already have PayPal and others.
413.
by keymone 6y ago
And then comes musk with neuralink. Oh boy imagine the number of zeroes on their contracts with the military.
414.
by keymone 6y ago
lisp program is the program , not a representation of one like in all other kinds of languages (except machine code, which isn’t really a language).
415.
by keymone 6y ago
Depends on the method. We’re already hard at work stopping population growth by getting people out of poverty. Very probable that it’ll turn into population decline in a few decades.
416.
by keymone 6y ago
jewelery produced and stored is not necessarily jewelery used. jewelery inflates speculative portion as much if not more as other instruments you listed and if gold was stripped of it's exchange value, most of the jewelery in the world
417.
by keymone 6y ago
> But is that what we mean when we say "without censorship", really? yes it is. no technology will suddenly make censorhip go away. but technology can allow one to circumvent censorship. bitcoin doesn't solve censorship, c
418.
by keymone 6y ago
i didn't express myself correctly. the use-value exists, definitely, but it's effect on exchange-value of the commodity is diminished as that commodity becomes widely used medium of exchange/store of value. gold's use-va
419.
by keymone 6y ago
> can you receive something in exchange? that is quite the goalpost shift. bitcoin allows you to send and receive bitcoin securely and without asking permission. it is not bitcoin's purpose to ensure whatever the contract you'r
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by keymone 6y ago
> M1 is the money supply that is composed of physical currency and coin, demand deposits, travelers' checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts. https://www.investopedia.com/t

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