maclured

8 ms·

1.
by maclured 5y ago
I don't think so. Once people realise they can buy real stuff with cryptos without being on the darknet (obligatory mention to particl), they'll see that they actually are a real. useful currency that doesn't need to be conve
2.
by maclured 5y ago
As I understand it, reflationing is fine provided you have a strong sovereign currency so you aren't at the mercy of the international forex markets. The US ticks this box, therefore it can pump out new money without the same risk of h
3.
by maclured 5y ago
MobileCoin isn't the only fast privacy coin in town - particl has most of the same features if not more, including a private ebay-style marketplace which should be ready for prime time in just over a month (all being well). And you can
4.
by maclured 5y ago
Yet . There are a couple of trivial ways they could end up with loads of coins and this statement could still be true as of the date of the quote.
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by maclured 6y ago
An anonymous decentralised marketplace like Amazon is exactly the problem particl [1] is trying to solve. [1] particl.io
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by maclured 6y ago
> Realistically, any crypto-as-payment service will either charge the merchants large fees Particl doesn't thanks to MAD escrow - https://particl.wiki/learn/marketplace/mad-escrow/
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by maclured 6y ago
> How much energy does watching porn consume? Just about all of mine
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by maclured 6y ago
> Oil is ... worth something only if you can turn it into fuel, plastic or some other product for which there is demand. Same goes for gold. You clearly don't understand what "intrinsic value" means if you believe this. Th
9.
by maclured 6y ago
> The only question that matters is: is Bitcoin better than commodity X No. The only question that matters is will people collectively continue to agree that it's worth something, lacking any intrinsic value? If interest rates go up
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by maclured 6y ago
> I really don't understand this urge of breaking down anything digital into its fundamental units to try and diminish its value. It's the equivalent of evaluating anything in the physical world as "just a bunch of atoms&q
11.
by maclured 6y ago
The question is, will people run to it as a safe haven in the event of a huge stock market crash, or away from it? Nobody knows for sure. It's a game of chicken - not having the heritage of gold, I don't think it'd take much
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by maclured 6y ago
No, I mean a depression. What we've seen is investors scrambling to find returns in riskier assets due to low interest rates, but the bubble hasn't burst yet. Once it does, we're likely to see a depression at some point [1].
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by maclured 6y ago
> Not really sure what’s point is for Tesla Speculation and free marketing I expect
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by maclured 6y ago
It's going to take some pretty big balls to dump your money into bitcoin instead of gold or cash the next time the stock market crashes. Then we'll see how good a store of value it is.
15.
by maclured 6y ago
Potentially. Or for sellers of particularly high value goods where buyers and sellers both have to put up the same amount again as a deposit. It still seems like a novel approach and I'm curious how it'll pan out.
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by maclured 6y ago
TBH I imagine developing smart contracts is clunky right now, like developing using AWS Lambda frameworks was a few years ago. But the tooling will improve. Perhaps it could be possible to digitally sign a smart contract's version, lin
17.
by maclured 6y ago
Its not fair when you have to get attention on twitter before getting issues like this resolved. Some of us don't use twitter for one thing
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by maclured 6y ago
> What do you do if you pay someone online with bitcoin who then just doesn't deliver what you've ordered? This is the big problem with crypto. Trust moves around. But there is one solution: escrow backed by smart contracts - s
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by maclured 6y ago
This. Smart contracts have lots of possible uses such as removing brokers (housing deeds), flattening distribution (there's one musician selling on etherium via a smart contract) etc. Projects like particl [1] are creating a decentrali