lottin

39 ms·

571.
by lottin 4y ago
Exchanges can also print extra bitcoins.
572.
by lottin 4y ago
I wouldn't advise making potentially catastrophic decisions based on a feeling.
573.
by lottin 4y ago
And how many people can pick the next bitcoin? About the same that can pick the next winning lottery ticket. Comparing bitcoin to a stock index makes absolutely no sense. If you want to compare the best performing cryptocurrency you shoul
574.
by lottin 4y ago
> In August 1979, the gold price was $200. Now it is $1800. Sounds like a random statistic. Are trying to make a point?
575.
by lottin 4y ago
The fact that two actions are achieved by similar (or the same) means doesn't make those actions ethically equivalent.
576.
by lottin 4y ago
I don't find it difficult.
577.
by lottin 4y ago
He was a Windows programmer if I'm not mistaken.
578.
by lottin 4y ago
Google "bitcoin financial oppression", and you'll find that cryptocurrencies are being advertised left and right as a tool to escape "financial oppression", or as someone less cynical would say, to evade financial r
579.
by lottin 4y ago
"cool" maybe, but completely uninformative.
580.
by lottin 4y ago
You should start by learning the phonology of the English language and its main dialects (namely Standard British English and General American). You need to know the theory because if you try to rely on your perception it will fool you.
581.
by lottin 4y ago
I'm pretty sure smart contracts aren't contracts. They're pieces of computer code.
582.
by lottin 4y ago
A "smart contract" isn't a contract in any sense of the word, so I'm not sure what you're trying to argue here.
583.
by lottin 4y ago
I don't think anybody wants to get rid of their hair entirely. I just wish there was a way to slow it down so I don't have to get a haircut every other week.
584.
by lottin 4y ago
That's right, in a hypothetical world where this limitation might not matter, it might not matter.
585.
by lottin 4y ago
Is it me or "decentralised" almost always means "crippled"? The critical function that exchanges have is to allow people to buy and sell tokens. Decentralised exchanges can't do that. They only allow trading a to
586.
by lottin 4y ago
They do have the Satoshi ;) https://www.theguardian.com/news/2021/sep/07/disastrous-voya...
587.
by lottin 4y ago
This is exactly how I feel about anarcho-capitalism (also known in the USA as libertarianism), and ideology that seems devised by a 10 year old with no life experience. How a grown-up person can take this nonsense seriously is beyond me. B
588.
by lottin 4y ago
The best choice for farmers isn't necessarily the best choice for society as a whole.
589.
by lottin 4y ago
The lead years
590.
by lottin 4y ago
I think the problem with this argument is the internet is useful to anyone, not just criminals.
591.
by lottin 4y ago
It has a precise meaning. I've just told you what that meaning is. I'm an economist and I know the language of economics. Regarding your other point, I'm not sure what you're trying to say. Are you saying that the dolla
592.
by lottin 4y ago
The term backing has a very precise meaning. It means the issuer of the currency promises to redeem the currency for a certain amount of a commodity. When people say "Tethers are backed by dollars" they mean that, i.e., that Tet
593.
by lottin 4y ago
Well, when it comes to bitcoins, you only own them as long as you have them in your possession—which means you don't own them, you only possess them. This is what I mean by no concept of ownership. The bitcoin network doesn't ca
594.
by lottin 4y ago
Fiat currency is not debt.
595.
by lottin 4y ago
Sure, except that enforcing property rights hinges on the ability to confiscate the stolen or misappropriated assets. The harder the assets are to confiscate, the harder it is to enforce ownership of those assets.
596.
by lottin 4y ago
Bitcoin doesn't protect private property.
597.
by lottin 4y ago
No, a fiat currency is one that isn't backed by anything (as opposed to commodity money, which is itself a commodity, or fiduciary money which is redeemable for a commodity). For example: The OLG models with money attribute to fiat m
598.
by lottin 4y ago
I was expecting something a little more academic.
599.
by lottin 4y ago
Do you mean that private property is enforced by violence? How else do you expect to enforce it? By the way, bitcoin is also "fiat", in the sense that it isn't backed by anything (this is what "fiat" means).
600.
by lottin 4y ago
This is from a year ago: https://news.ycombinator.com/item?id=27194586 They keep making the same announcement every few months.

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