laszlo-kiss

4 ms·

1.
by laszlo-kiss 4y ago
I thought the Lira lost its value, which is 'inflation'. If it was experiencing deflation then it would become more and more valuable, because it is becoming scarcer. Inflation is caused by the oversupply of money, it is because t
2.
by laszlo-kiss 4y ago
I'm not saying that the US would tie the dollar to Bitcoin willingly. It would have to do it out of necessity to be able to interact with nations that have resources that the US needs. This of course applies to all countries, not just
3.
by laszlo-kiss 4y ago
Roman Empire is a biggie. The Weimar Republic is the most obvious. I guess we are now arguing 'Austrian Economics' vs. 'Keynesian Economics'... This is a fair simplification. As long as you hold real assets to protect yo
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by laszlo-kiss 4y ago
It seems Canada matches the 'good banking system' and 'stable currency' attributes, yet didn't the truckers get robbed by the government? When a government is able to engage in financial retribution against its crit
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by laszlo-kiss 4y ago
Interesting, this sounds like the Old West. Look at it now. I think these hardships are the exact indicators of a dynamic new frontier. Apply caution, yes, but ignoring it might not be a good strategy either.
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by laszlo-kiss 4y ago
Theoretically I can stand up a mining operation in my apartment. That means that the 51% attack (as long as it can be detected) can be thwarted by folks at the grass roots level (as long as they actually care). Am I wrong about this?
7.
by laszlo-kiss 4y ago
I'm not an expert on this by any means, but I would think that mechanisms exist that allows for the evolution of the technology to protect itself. The key for me is that we strive for a financial foundation that no-one can debase. I vi
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by laszlo-kiss 4y ago
I'm not sure what you mean by the 'old ruse'. The use of gold in ancient times was adopted because it removed the need to trust the other guy's currency. Unless Satoshi shows up tomorrow and cashes out his coin I think w
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by laszlo-kiss 4y ago
I think the biggest 'positive' is that the government in control of the currency is unable to alter the value of it. It is clear that inflation is bad for the citizenry, yet that has been done throughout the ages by every dying ci
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by laszlo-kiss 4y ago
Indeed using Bitcoin for payment does not seem a good fit. However, Bitcoin could be viewed as the world reserve currency that is impossible to debase. This can give stability to all other currencies that are based on it. I think that would
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Ask HN: Why do negative crypto articles dominate on HN?
63 points by laszlo-kiss 4y ago|145 comments
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by laszlo-kiss 5y ago
It is encouraging that there is a lot of interest in looking at the weaknesses of Bitcoin and crypto in general. This, I think, is "a good thing." However, the author is not one to bring forward a well reasoned case (initially I t
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by laszlo-kiss 5y ago
I'm doubling down on my crypto purchases... Thanks!
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by laszlo-kiss 5y ago
As long as there are oppressive financial systems (central banks, the world bank, the current financial pyramid) crypto (decentralized) currencies are going to be around and will provide a needed _service_. The harder the folks (running the
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by laszlo-kiss 6y ago
My wife and I experience this on a regular basis. We even tested it. Picked a subject that is never a conversation piece, we spoke about it with our phones and Amazon's Alexa near by and guess what: an ad that we have never seen showed