nelsontodd

5 ms·

1.
by nelsontodd 3y ago
I dont know about practicality but Ive read a good amount of SICP and find it very entertaining
2.
by nelsontodd 6y ago
I don't really know either. Maybe you're right, but as a (maybe ridiculous) counterpoint, what benefit does it give a government to have their own currency? I think the main benefit is not having to rely on another government to k
3.
by nelsontodd 6y ago
It's a big risk. But, to answer your second question, its a public ledger. Its significantly more conducive to surveillance than cash. Just punish people if they send money to an unverified address. I think that's a gross possibil
4.
by nelsontodd 6y ago
I conceded the point that he hasn't looked into it with 'fair enough' lol. Regardless, informed is relative. I don't think Bill Gates knows more on bitcoin than I do. His status as an authority figure is uninteresting, b
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by nelsontodd 6y ago
I doubt they would just roll over yeah. If you consider the dollar as a weapon/tool for US hegemony, bitcoin functions as almost like a terrorist entity. Not clear what to do with this information
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by nelsontodd 6y ago
Yeah but good luck convincing people to move next to sources of energy so cheap it would be wasted otherwise (rural west texas, rural china). If bitcoin becomes the dominant global financial system, securing it will be a worthy use of energ
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by nelsontodd 6y ago
Fair enough. But for every bill gates we can find a mark cuban, michael saylor etc who are extremely excited about bitcoin. So I still think it is uninteresting.
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by nelsontodd 6y ago
Maybe true depending on the energy source. I've heard it argued also that bitcoin will become the 'purchaser of last resort' for energy. For example, fracking companies often just burn off natural gas they find while looking
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by nelsontodd 6y ago
'You get a choice between bitcoin mining and military force' to solve the consensus issue. Bitcoin doesn't solve, for example, hate crimes or something like this.
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by nelsontodd 6y ago
This has yet to be shown.
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by nelsontodd 6y ago
You forget about the violent invasions that allowed the USD to maintain its value while you were paying for groceries lol
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by nelsontodd 6y ago
Just because he's a billionaire doesn't mean he has the time or interest to deep dive into all emerging technologies, or possible tech bubbles
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by nelsontodd 6y ago
I don't want to hash them out, plenty of arguments from the leftists or linux people for example. Free software, exploitation of workers. Whatever. The argument itself is arbitrary, I'm just saying that he's a controversial f
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by nelsontodd 6y ago
I don't think it will eliminate the need for the military or police force entirely. I have seen a lot of bold bitcoin claims but I don't think anyone really does. My post was referring to how the US has killed lots of people to ke
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by nelsontodd 6y ago
His status as rich tech billionaire doesn't make a difference unless he is making arguments that are new or interesting. And he isn't. We've all been hearing the environment argument for years now. Plus, there is obviously an
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by nelsontodd 6y ago
With bitcoin, you are paying for security. I know if I send you a bitcoin transaction there is a high probability it won't be reverted in our lifetime, possibly ever. I'm not a maxi but these new projects don't have that guar
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by nelsontodd 6y ago
This is silly. Consensus (probably, I am doubtful of PoS) isn't free. You get a choice between bitcoin mining and military force. Which do you find less harmful? Edit: I should clarify. I am saying that the status of the USD as a reser
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by nelsontodd 6y ago
Why is 'rich billionaire has uninformed or possibly self interested opinions' newsworthy
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by nelsontodd 6y ago
Well i’d say the inability to understand probability is a harmful trait but you’re clearly still here and might even have kids. And everyone with asthma, type 1 diabetes, and a tiny dick would like a word with you. Idiot