lottin

44 ms·

601.
by lottin 4y ago
What do you mean "fiat assets"?
602.
by lottin 4y ago
Bitcoin has no concept of ownership. "Not your keys, not your coins" means exactly that. If you lose your car keys, you still own your car. This is not true of bitcoin.
603.
by lottin 4y ago
I don't think people put money in these crypto high-yield investments because they love risk. The majority of people I have talked to were unsophisticated investors who didn't know what they were doing, and were under the impress
604.
by lottin 4y ago
It depends on how it's implemented. PoS works by offering a randomly selected stakeholder the authority to update the blockchain. [1] One way this can be done is by requiring stakeholders to deposit a stake with a smart contract that
605.
by lottin 4y ago
I don't think I follow you. As far as I can tell, PoS is as much of a lottery as PoW. In PoW a player increases their chances of winning the lottery by spending real money on electricity. In PoS a player increases their chances of w
606.
by lottin 4y ago
I thought we were talking about price stability.
607.
by lottin 4y ago
The demand for a currency fluctuates according to various factors, therefore if the supply remains fixed its price will not be stable.
608.
by lottin 4y ago
So you're saying you know that an unknown quantity is greater than another unknown quantity.
609.
by lottin 4y ago
You don't know that. Moreover PoS can require that the tokens be spent permanently (not just deposited somewhere).
610.
by lottin 4y ago
Of course it costs money, holding a token has an opportunity cost.
611.
by lottin 4y ago
In PoW miners buy physical capital and electricity, in PoS miners buy digital tokens. It's exactly the same, except PoS is less detrimental to the environment.
612.
by lottin 4y ago
Unfortunately functional title bars are starting to go away in XFCE too.
613.
by lottin 4y ago
Manipulating the window stack with the mouse is something the majority of users will never do? That is a strong assumption.
614.
by lottin 4y ago
The author's making perfectly valid points on why Gnome's UI is sub-obtimal.
615.
by lottin 4y ago
Okay, but a tool that enables individuals to bypass unjust laws, also enables them to bypass just laws. Therefore it's not clear how the potential for decreasing injustice by allowing individuals to circumvent unjust laws is not count
616.
by lottin 4y ago
Literally all governments have capital controls and ban certain goods and services. Devaluation of a currency is not oppression either. Economic persecution is oppression. Let's say they fabricate a legal case against you and make
617.
by lottin 4y ago
Can you give a concrete example (even a hypothetical one)? I'm a little lost.
618.
by lottin 4y ago
Because their customers' assets are not segregated.
619.
by lottin 4y ago
That's precisely what a black market is.
620.
by lottin 4y ago
Someone who lives under an oppressive government is not going to be less oppressed just because they gain the ability to send digital tokens around without government interference.
621.
by lottin 4y ago
Bernanke is talking about the deflationary period that started with the Great Depression in 1929. He does describe a "potential deflationary bias" of the gold standard during the interwar period (which was different from the gold
622.
by lottin 4y ago
If miners sell, it means more money has to enter the system in order to keep the price from falling. And conversely, in the absence of more money entering the system, miners can't sell their bitcoins without crashing the price.
623.
by lottin 4y ago
Non sequitur. The ability to sell without crashing the price depends on whether there is sufficient demand.
624.
by lottin 4y ago
Again, there's no such thing as a deflationary currency. Under the gold standard, countries experienced periods of inflation and periods of deflation.
625.
by lottin 4y ago
Price is an extrinsic property assets, which means it cannot be "baked into" an asset. The whole idea that bitcoin is a deflationary asset is complete nonsense and propaganda.
626.
by lottin 4y ago
The keep coming up with new pitches as old ones get debunked.
627.
by lottin 4y ago
If the break-even price was $9,000, miners would be making a truckload of money, and more of them would be entering the market. Yet the opposite is happening. Miners are trying to disinvest by selling some of the hardware and struggling t
628.
by lottin 4y ago
Except that their only use case is speculation, so once speculators are gone... nothing is left.
629.
by lottin 4y ago
I wonder how the bitcoin mining industry is doing. Bitcoin's hash rate isn't falling [1], which suggests miners aren't able to reduce costs. Revenue on the other hand is tied to bitcoin price, which is falling. So what doe
630.
by lottin 4y ago
Basically, you want to be able to control the quantity of money, because it's a key element of monetary policy. Monetary policy is a tool that governments use to counter boom and bust cycles, so economic cycles are smoother, and to ma

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