npoc

31 ms·

421.
by npoc 3y ago
You said it yourself - "fake decentralisation". Bitcoin is real decentralisation. crYpTo is a snake pit of scams, and fake decentralisation.
422.
by npoc 3y ago
You need to lower your time preference
423.
by npoc 3y ago
I absolutely disagree. https://bitcointalk.org/index.php?topic=1790.msg28917#msg289... You can see here in one of Satoshi's last posts that he envisaged that bitcoin users would likely prefer to keep the block size sma
424.
by npoc 3y ago
I realise everything that you say - I learnt that in the first 5% of my journey learning about bitcoin. First off, the transactions on the main bitcoin network will be the largest transactions in the world. All the smaller transactions will
425.
by npoc 3y ago
It's very healthy to listen to both sides of an argument and theorise about conspiracies. It's the close-minded people programmed to laugh at them who need to self-reflect.
426.
by npoc 3y ago
Fundamentally it comes down to perfect scarcity. If you increase supply, the value in your share leaks into the new supply. As far as clones. Network effect takes care of that. They would have to be substantially better than bitcoin to beat
427.
by npoc 3y ago
Yes, a common side effect of going down the deep bitcoin rabbit hole and discovering how the world really works.
428.
by npoc 3y ago
Nope. Not unless they successfully stop people using Tor.
429.
by npoc 3y ago
One government does, another doesn't. The one that doesn't ultimately wins because their people thrive, using a better money.
430.
by npoc 3y ago
Bitcoin is a productive asset. I buy it, lend it to a business who can use it as collateral and I get paid back more bitcoin than I lent them, as compensation (i.e. interest)
431.
by npoc 3y ago
It does pose an extremely legitimate threat to their power, but there is nothing they can do about it. They can't stop it. They either embrace bitcoin or suffer economic collapse. The only reason there are so many fist currencies is be
432.
by npoc 3y ago
Remain the same value or price? If it remains the same value its USD price will increase at the rate of devaluation of the dollar which is 7% on average (value halves every decade) If I wanted to make my bitcoin "productive", I co
433.
by npoc 3y ago
Because then you are monetizing the work in other ways and so you still end up creating the money for free.
434.
by npoc 3y ago
Go and study it for 100hrs and if you combine that with a bit of intelligence, you'll be in the same position as the "lucky" bitcoiners who get wealthy buying it earlier. Alternatively wait until every man and his dog already
435.
by npoc 3y ago
If you print it you either devalue the underlying dollar (and therefore tether), or you risk a run just as you would if you printed bitcoin. You can't just print money without side effects.
436.
by npoc 3y ago
No. Good attempt, but that's not the right answer. At least it was better than "because you can make jewellery out of gold and it's got some industrial uses". Let's look at it another way. Why did the people/go
437.
by npoc 3y ago
Well, I certainly passionately believe in something that a lot of people think is garbage. I'll agree with that. The thing is, I used to think like them until I put in the time to seriously learn. Now I'm enlightened (yep, I just
438.
by npoc 3y ago
None of them offer the probability of bitcoin. It's the most asymmetrical bet I've ever seen. The only reason it's not already $10M/BTC is that noone understands what it is - many people think they do, but they don'
439.
by npoc 3y ago
A few people, most not. The vast, vast majority people think real estate in the US has gone up in value over the last 50 years. Well the banks are collecting interest on every single dollar in existence. All created by them out of thin air.
440.
by npoc 3y ago
Soft money is like a credit card that takes money from the population without them realising. You can use this money to produce a short term effort but you (or should I say, _they_) pay the consequences later. Just look at what has happened
441.
by npoc 3y ago
Proof of stake is not really any different to fiat. History has proven time and time again that sound money requires equivalent work to create.
442.
by npoc 3y ago
No way. I came for the gains but I'm staying for the revolution. It doesn't take resolve, only 100s of hours of learning and contemplation. I'll die on this hill, and there's many more like me.
443.
by npoc 3y ago
Fair enough - your "no" vote is duly counted. > But no, not because I say so but because it's obvious Okay, so not because you say so but because you think so :)
444.
by npoc 3y ago
What do think happens if you let people create money without doing the equivalent work?
445.
by npoc 3y ago
If you print tether it will only devalue tether and make the price of bitcoin (in tether) go up further.
446.
by npoc 3y ago
The underlying cause is the illusion created by fiat. It's a trick. People have been unknowingly getting pay cuts each year for the last 50+ years. They are unaware because they receive more currency units each year and are still able
447.
by npoc 3y ago
> Not it doesen't. Okay
448.
by npoc 3y ago
I have all my savings stored in bitcoin. I do it because I've spent 100s of hours learning what money really is and can see that bitcoin is the best form of it, certainly the best long term store of value. I also know that the best lon
449.
by npoc 3y ago
> The introduction of standardized (and "policed") coins certainly opened up commerce a few thousand years back, but in the end it did not stop the Romans from taking over the Greek world, for example. Yes I'm assuming all
450.
by npoc 3y ago
Let's not argue semantics. With bitcoin you don't need "real money", you can exchange it directly person to person. In any case other countries that embrace bitcoin will always exist. It sounds like you need to learn wha

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