rantwasp

12 ms·

61.
by rantwasp 5y ago
you know what else is wasting electricity? the whole financial system. I'm gonna bet you real bitcoin that they waste way more. Also guess what? They close at 5PM and during weekends. So there is that. The energy consumption and the hi
62.
by rantwasp 5y ago
also, in case of asteroid impact you will lose all your money. what's your point? why would the miners discard a transaction and not another one given that the value they extract is the same?
63.
by rantwasp 5y ago
i will bet you real bitcoin that given enough time you'll be able to make all those transactions. there is absolutely no reason for someone to not accept bitcoin when they can literally turn around and convert it in fiat if they don&#x
64.
by rantwasp 5y ago
nope. you will certainly not most likely recover your investment. it's a casino in which the informed make money and the suckers lose money. buying a stock does not bring any sort of guarantees you're going to make the money back.
65.
by rantwasp 5y ago
yes: deficient in quantity or number compared with the demand if you believe in all the economic bs we are being fed, something scarce is going to increase in value until it's no longer scarce. that's literally the definition: de
66.
by rantwasp 5y ago
historically the rallies in btc triggered rallies in other cryptos
67.
by rantwasp 5y ago
sure thing buddy. only you can understand what wealth means. > you fail at elementary economics in a typical bitcoin-fan fashion Instead of being condescending here is a tip for you: learn about bitcoin before writing it off. Who know, o
68.
by rantwasp 5y ago
No no no. You don’t get it. You cannot make up your own definition of wealth and go meta (personal wealth vs WEALTH) as soon as the point you’re trying to make no longer works. Something scarce that has any demand at all will see a rocketi
69.
by rantwasp 5y ago
hmm. it’s not necessary more power. Sometimes it’s luck if you are talking about chains that are the same except the tip where they differ by 1-2 blocks.
70.
by rantwasp 5y ago
everyone == bitcoin nodes that each keep a copy of blockchain locally. once a block is mined it is propagated through the network and it’s verified by all the nodes that see it. In effect, when you get the block and you append it to your lo
71.
by rantwasp 5y ago
nah. no offense but you don’t understand how it works. there is nothing preventing you from running your own node or miner. also, you are overextending the meaning of trust. Do you trust air when you’re breathing? Do you trust traffic light
72.
by rantwasp 5y ago
sure. there are nuances. stocks, options, futures, gold, etc all have different trade-offs and risks associated with them. my point was that a case can be made that it’s an investment and the ponzi people need to take a deep breath.
73.
by rantwasp 5y ago
there is a loophole here that I think is worth mentioning. What does getting rich mean? If you compare bitcoin to the USD, its value “increases”. But if you compare bitcoin with bitcoin you have the same amount of bitcoin today you had yest
74.
by rantwasp 5y ago
it’s not about conscience or shame. it’s about cost reduction and lack of incentives. If I do this crappy thing and there is no punishment associated with it AND I save 10% I am going to do it. It’s my obligation to the shareholders. If I d
75.
by rantwasp 5y ago
is it though? the “lottery winner” in your case assembles a block with transactions from the transaction pool (ie you don’t just make shit up. you are taking useful transaction that people are making them and capturing them into the chain)
76.
by rantwasp 5y ago
Lactose to the rescue!!!
77.
by rantwasp 5y ago
> I couldn’t help but think this guy really just wants to feel relevant Great insight. Now apply it to everyone you know. We ALL want to feel relevant and we all want to feel like what we are doing matters. Everyone does and this is, in
78.
by rantwasp 5y ago
I think there is an individual and a meta/society level. I think both me and GP were referring to the individual/micro level.
79.
by rantwasp 5y ago
isn’t this “the dream”? a free market where the price is dictated by supply and demand? You see it as a threat? Fine. But if you’re gonna be rational focus on all the things that impact you - don’t just listen to propaganda parroting the sa
80.
by rantwasp 5y ago
the environment does not rely on trust. When you make a transaction you make a transaction without needing to trust anyone. Exchanges are needed only in the world where you need to transform bitcoins into other currencies. Relying on progra
81.
by rantwasp 5y ago
> Like Rai stones, immutability comes from the work and risk, but the value of the object is itself held in the population's mind. This only "works" if everyone agrees it works. If everyone agrees it doesn't work then
82.
by rantwasp 5y ago
the author strikes me as ignorant TBH. Here is what people want when it comes to money: ability to exchange the money for goods. That’s it. Money is valuable because it can be exchanged and everyone has 1) accepted that you can exchange it
83.
by rantwasp 5y ago
Not the answer you’re looking for but hopefully it will help: the best time to learn something is when you don’t need it. You should set aside time, each day to play with something new and to learn. The lack of time pressure will help you t
84.
by rantwasp 5y ago
> Humans haven’t literally evolved that much in 200 years. You’re being generous. I would say we haven’t evolved in thousands of years. I mean sure, the tech is better but we’re the same self absorbed, careless bipeds we’ve always been.
85.
by rantwasp 5y ago
you can crosscompile from other languages to wasm. so you could have a codebase written in C for example, you crosscompile + bind to a minimal JS part. now your app works in a browser.
86.
by rantwasp 5y ago
hmm. not sure it’s ill-advised. I have a “burner” email in the about box and all the conversation I’ve had up until now were productive. YMMV
87.
by rantwasp 5y ago
they don’t run hotel and hospitals yet. also GP was half serious/half joking and was talking about some point in the future, not today
88.
by rantwasp 5y ago
you're being downvoter and I don't understand why. Here are a few more things for your list: 7. Amazon monitors everything you do online and offline (they do provide the backbone and all of ISP services). Corrective action is take
89.
by rantwasp 5y ago
next startup: an electric car that analyzes your health while you drive. AI to self drive AND to predict if you’ll develop any health issues!
90.
by rantwasp 5y ago
you want to know the truth? you can’t HANDLE the truth!

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