once_inc

25 ms·

241.
by once_inc 4y ago
It is being actively used daily by a vast community of users. I don't understand what you are trying to imply with your statement.
242.
by once_inc 4y ago
What do you think is being exchanged on the Lightning Network? LN transactions are simply 2-of-2 multisig transactions made on-chain, where both parties can change the balance amongst themselves, and where settlement is possible at any mome
243.
by once_inc 4y ago
I think I did the exact same thing you did (except for 1 problem which I misread).
244.
by once_inc 4y ago
Their Terms and Conditions regularly state that users of the platform don't deposit their money, but actually lend that money to the platform, and that the platform isn't obligated to pay back that loan in case of default. Basic
245.
by once_inc 4y ago
The counter to this point is that if (through monetary mismanagement) the amount of dollars exponentially rises, the value of those dollers drop. Fiat isn't backed by a hard asset; it can be arbitrarily increased/decreased in valu
246.
by once_inc 4y ago
They have strong-armed their petrodollar system since 1971, and have invaded a number of oil-producing countries that toyed with the idea to price oil in value other currencies. Saudi Arabia only get to price in Yuan, because the US can&#x2
247.
by once_inc 4y ago
It would. Agreed 100%. This is why second layer solutions are being built, which offer the option of settling on-chain at the user's request. Second layer systems allow you to transact within that system without needing to publish each
248.
by once_inc 4y ago
They are also a far more interesting target because of their size. Imagine downloading all customer information of paying pornhub clients. Assume it holds basic information (name, address, email, payment info), and not any usage data. I cou
249.
by once_inc 4y ago
You have the option to settle down to a decentralized system. Imagine the US still on a gold standard. If you lose trust in USD because of changes in the government (election of obviously corrupt or incompetent officials), you can settle ou
250.
by once_inc 4y ago
Especially considering that it is being independently developed by three organisations as an open source protocol that offers complete self-hosting and doesn't require an intermediary during operation...
251.
by once_inc 4y ago
Second layer decentralized solutions for this exist: Lightning Network.
252.
by once_inc 4y ago
The author explicitly states that this way of thinking isn't an open path to nihilism. It is the opposite; knowing that you can't change certain aspects of life allow you to focus on a response that is more useful than fighting th
253.
by once_inc 4y ago
Regulated, perhaps. But regulation shouldn't entail handing vast amounts of personal details, and the ability of intermediates to be able to track you fully afterwards. I want to be able to buy stuff without centralized entities follow
254.
by once_inc 4y ago
It sort of is. Given a game of chance, yes: luck is uniform. But people are people. Smart people don't waste their time/money on games where they don't have a significant chance to win. Lottery, sweepstakes, etc are all gener
255.
by once_inc 4y ago
As much as I agree with thise meme on longer timeframes, stating it now is a bit unfortunate.
256.
by once_inc 4y ago
Most altcoins and defi products would have a very different incentive structure if built as a second or third layer on Bitcoin, because the incentive and ability for rugpulls is vastly degraded.
257.
by once_inc 4y ago
This is pretty cool; a very interesting way of displaying the information. The final grid and the information about the gods is underwhelming though. I would have liked to know what the reason for the structuring of the grid is, and would l
258.
by once_inc 4y ago
please see my direct response to the original author.
259.
by once_inc 4y ago
[citation needed]
260.
by once_inc 4y ago
please see my response to the original author for my in-depth substantive comments.
261.
by once_inc 4y ago
No, you don't have to be an expert to voice observations, but my point is that you have probably not investigated Bitcoin long enough if you write BitCoin to be able to see the nuances in most of the points you've made. An example
262.
by once_inc 4y ago
Color me sceptical of the in depth knowledge of this author, if he insists on writing "BitCoin" which isn't the way the entire industry writes it. This leads me to believe that the author isn't well-versed enough in the
263.
by once_inc 4y ago
I tend to counter in a different way: YES, I knew about Bitcoin a couple of years before I invested in it. YES, I could have made a significant return during that time. YES, I should have investigated it further at that time, instead of foc
264.
by once_inc 4y ago
Bitcoiners saying that 'if you don't hold it, you don't own it' also applies.
265.
by once_inc 4y ago
?!
266.
by once_inc 4y ago
I can list a number of valid, real-world use cases. Bitcoin can be easily held either online or offline, in a number of solutions ranging between paper wallets, through hardware wallets, to dedicated laptops. Holding bitcoin on exchange is
267.
by once_inc 4y ago
[citation needed]
268.
by once_inc 4y ago
Sure, there's speculation there. Probably a significant amount. That doesn't mean Bitcoin is a vehicle for transferring wealth from new investors to incumbent investors. There are quite a few people that aren't selling. There
269.
by once_inc 4y ago
This doesn't look good for them. Even if they find the liquidity to cover costs and manage this bear market, they are sending a very worrying message to their clients. As always: not your keys, not your coins. I decided against putting
270.
by once_inc 4y ago
Adding an oracle is adding an attack vector on the base layer for the future monetary network. Oracles are by definition trusted sources of information and wonky, untrustworthy, unreliable ones at that.

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