npoc

7 ms·

61.
by npoc 1y ago
What's the difference between that and encouraging people to save in the dollar (which the Fed can print for free). Hint: no one can print bitcoin for free.
62.
by npoc 1y ago
Plenty of material below if you click on the dots. Be sure to try the log function too https://bitcoindeaths.com/
63.
by npoc 1y ago
It will have been a "send me bitcoin and I'll send you double back" scam. Greed and low-IQ is a bad combination. Natural selection at work.
64.
by npoc 1y ago
The miners do not have the say. The validating nodes do. If my node says it's not bitcoin, it's not bitcoin.
65.
by npoc 1y ago
You're missing its monetary fundamentals that make it the hardest asset mankind has ever seen.
66.
by npoc 1y ago
you can make money speculating that something will go down as well as up. It's not the reason for it's price to go up. BTW, you call it's price exhorbitant - I say it's rediculously cheap at any price where you can still
67.
by npoc 1y ago
It's as anonymous as you want it to be.
68.
by npoc 1y ago
Even if it was caught by the bullet, the weakness would then have been fixed and the network eventually grown again in its new robust form. The people that knew this would have bought more bitcoin in the price crash and ultimately be heavil
69.
by npoc 1y ago
If anyone creates a different bitcoin version with double the number of bitcoins, that new network would be worthless. Not only would no-one have confidence that the same thing wouldnt happen again, but the value of the bitcoin in this new
70.
by npoc 1y ago
404 Error
71.
by npoc 1y ago
This is big. A trad-fi bank that offers bitcoin accounts with lightning payments improves on-ramping a lot. I wonder when we'll see it implemented?
72.
by npoc 1y ago
Nice. Do you have a public repository?
73.
by npoc 1y ago
Bitcoin is the hardest asset mankind has ever seen - harder than even gold and it's digital. Its optimised (theoretically ideal?) for exchanging and storing large amounts of value for large amounts of time. Nothing comes close.
74.
by npoc 1y ago
That type of demand is unrelated to its monetary demand. Gold's monetary qualities are robustness, divisibility, scarcity, fungibility, portability etc. Bitcoin dematerializes the monetary qualities of gold into a superior, digital for
75.
by npoc 1y ago
New assets monetise in stages. 1) Store-of-value (volatile, increasing value) 2) Unit-of-account, and medium-of-exchange once it has absorbed most value and so more stable in value, and people have sold all their lesser money into the marke
76.
by npoc 1y ago
Note that the theives only escaped with dollars.
77.
by npoc 1y ago
> This is irrelevant to the conversation — even "lost" bitcoin are still included in the marketcap calculation of an asset. If assets are destroyed or forever lost, they essentially no longer exist and so have no effect on the
78.
by npoc 1y ago
Nothing is a certainty. But most people (especially on this site!) would argue that bitcoin not reaching $1M is close to one. Reality is that the market cap of gold is now around $25T. If bitcoin matched that, it would put it at $1.5M&#x2
79.
by npoc 1y ago
it's deceptive - the curve on the logarithmic chart looked the same when bitcoin was 100x less than it is now
80.
by npoc 1y ago
It's simply about separating money and state. It's imperative that this happens.
81.
by npoc 1y ago
Of course it's too low. Most people have no idea that the amount of dollars, pounds, euros etc roughly double every decade, and the effect that has on their value.
82.
by npoc 1y ago
And it would go down in value relative to a similar asset offering ideal scarcity with 0 inflation rate. All roads lead to bitcoin. BTW. The price/ buying opportunity is fair. Those who buy earlier risk far more than those who buy late
83.
by npoc 1y ago
Ultimately just getting them to pay you bitcoin instead (over the lightning network) would be a better option for them as they can give you as much work/energy as you want independent of the capabilities of their device and electricit
84.
by npoc 1y ago
What's your argument for bitcoin being useless as a store of value? In which ways could it be improved?
85.
by npoc 1y ago
How deep do you go? Where do you stop? Just because you can find multiple independent sources saying the same thing doesn't mean it's correct.
86.
by npoc 2y ago
Why would countries invest enormous amounts of wealth in something that the USA print out of thin air at an alarming rate (total number of dollars double every decade, halving the dollar's value) when a digital money exists with global
87.
by npoc 2y ago
The next logical step is that they realise it's economically advantageous to hold the value they receive in bitcoin rather than converting it back into fiat.
88.
by npoc 2y ago
What lessons do you think bitcoin has taught us?
89.
by npoc 2y ago
> Well considering the feds have charged and sentenced people for the activity of their exit nodes (CSAM), to which tor project has no response, I wouldn’t bother with Tor. I'm certainly not a Tor expert, but I don't think bitc
90.
by npoc 2y ago
Do gold miners need to hold gold? Do gold holders need to mine gold? There are all types of miners, those with a single ASIC miner to those that have a warehouse full. Its completely untrue that the only people who own ASICs are farms. Anyo

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