moralsupply

9 ms·

31.
by moralsupply 6y ago
I'm certainly laughing with how much purchase power Bitcoin provided me so far. I'll be laughing at your comment in 5 years time once a single Bitcoin will be valued above $1M USD while your fiat currency savings will have lost at
32.
by moralsupply 6y ago
Check again. 70% of the mining pools are in China The majority of the hash rate is produced in the USA
33.
by moralsupply 6y ago
I'm happy that more people are "discovering" ClickHouse. ClickHouse is an outstanding product, with great capabilities that serve a wide array of big data use cases. It's simple to deploy, simple to operate, simple to in
34.
by moralsupply 6y ago
Why does that matter at all? Shall we treat individuals on the basis of generalizations? Shall we use identity groups and biased historical lenses in order to justify specific narratives?
35.
by moralsupply 6y ago
Interestingly Cardano Ada (a cryptocurrency, in case you don't know) if fully coded in Haskell and has been gaining a lot of traction recently -- it's now #3 cryptocurrency by market capitalization and might start competing with E
36.
by moralsupply 6y ago
> Coinbase Global Inc.’s filing to become a publicly-traded company provides a glimpse into the remarkably small circle of mostly men who command the incredibly lucrative digital landscape Why is the fact they are "mostly men"
37.
by moralsupply 6y ago
It's called "rhetoric"
38.
by moralsupply 6y ago
> Bitcoin doesn’t work, it’s a naked speculative bubble based on a technology that doesn’t scale can’t and can’t replace any existing financial service Feel free to short Bitcoin in a futures market, and keep all your wealth allocated in
39.
by moralsupply 6y ago
Is that because of the Bitcoin protocol or because people are dumb and lost their coins?
40.
by moralsupply 6y ago
We do use dollars, the last time I checked...
41.
by moralsupply 6y ago
The argument is that Bitcoin work very well as a store of value, and is proven (10+ years in operation with little-to-no incidents, despite a huge amount of attempts to attack the network). It doesn't need to be "perfect" in
42.
by moralsupply 6y ago
So your bank has no offices, no people, no nothing to make it work? Do you think that corporations don't require buildings, computing resources, transportation, etc. to exist? As for the link about gold, read my original comment.
43.
by moralsupply 6y ago
L2 doesn't require mining, only channels maintained with relatively low processing capabilities
44.
by moralsupply 6y ago
https://www.moneymetals.com/news/2018/01/25/gold-mining-ener... https://www.energystar.gov/sites/default/files/tools/DataTre... Do your calculations
45.
by moralsupply 6y ago
Bitcoin can't handle the amount of transactions the banking system can handle at the moment. For it to scale to that level it requires an L2 solution (eg. Lightning), in which case energy consumption is not going to increase.
46.
by moralsupply 6y ago
Bitcoin is mostly mined using excess energy, or "cheap" energy, which improves the efficiency and costs of energy production, making it surprisingly "green". Bitcoin requires less energy on a per-store-of-value basis tha
47.
by moralsupply 6y ago
Nano doesn't maintain transaction history. It only stores the current state of the ledger. Any bug or attack on the network may not be detectable immediately, and can't be recovered. Meaning: it may already be compromised, have in
48.
by moralsupply 6y ago
> Note that China already controls ~65% of Bitcoin hash rate, so if they wanted to execute this right now, they probably could. That's not correct. Most pools are in China, but the majority of the hash rate is generated in the USA.
49.
by moralsupply 6y ago
You are completely right: Bitcoin is an absurd piece of technology and its value is based completely on speculation by people who want to make you buy it and then pull the rug. Congratulations for the incredible insight. Now you can short B
50.
by moralsupply 6y ago
Please feel free to never convert your fiat to cryptocurrencies. You'll do very well according to your logic.
51.
by moralsupply 6y ago
Fiat currencies proof-of-work is taxation, inflation and interest rate control. That accounts for 1/2 of your productivity, just so that governments can have a monopoly on their currencies. Not to say that managing fiat money is tremen
52.
by moralsupply 6y ago
> It's just hilarious seeing it play out over and over again with exactly the same result. You mean, the result that it keeps going up (with large drawdowns, but with exponential growth nevertheless)? If you're so sure Bitcoin
53.
by moralsupply 6y ago
It's not really different here in HN. Most comments on anything that isn't about pure technology have a strong political leaning (leftist for the most part, therefore authoritarian) and generally angry about the idea of people and
54.
by moralsupply 6y ago
I've just deleted my Fitbit account (which didn't have personal information anyway). I won't be buying Fitbit products ever again.
55.
by moralsupply 6y ago
This is probably the first HN thread in 2020 where the majority of the posts complain about taxes as opposed to be supportive of them.
56.
by moralsupply 6y ago
> It uses enormous amounts of electricity. Consider that the "proof of work" of fiat currencies is taxation + inflation (which wipes 1/2 of all your productivity), and you'll quickly realize that Bitcoin's PoW is
57.
by moralsupply 6y ago
How come people in Sweden don't use masks, run their lives normally and their Covid statistics are better than the ones in the USA? Turns out the Swedish declared they didn't know how to deal with Covid, and by not knowing they de
58.
by moralsupply 6y ago
Why did it take so long to figure out we have 2 moons?
59.
by moralsupply 6y ago
I agree with that. It generally applies to most online forums as well. We don't tend to have a "thick skin" for ideas that make us uncomfortable.
60.
by moralsupply 6y ago
To get negative votes in Hacker News: * Post something that is factual, but the crowd doesn't like * Post something that is logical, but the crowd doesn't like * Post a link to something reasonable, but that the crowd doesn't

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