rothbardrand

10 ms·

61.
by rothbardrand 9y ago
It would degrade Bitcoin security, but worse, it's untested, behind several releases, has no replay protection and the nodes are designed to pretend to be core nodes to confuse the network. It's literally malware at this point.
62.
by rothbardrand 9y ago
What I found really infuriating about his novel about Jobs was he would quote Jobs saying something true, something that anyone who knows the history or Apple or technology of the time knows is true, and then refer to unnamed other sources
63.
by rothbardrand 9y ago
Taxes don't solve the problem, they increase it. If costs are too high, adding taxes only increases the cost more. One can argue that taxation in all its forms, including inflation, is the singular cause of all poverty in the USA-- it
64.
by rothbardrand 9y ago
One of the things about UBI is that these pilot programs aren't UBI, because they aren't universal. Giving a segment of the population free money is going to benefit that segment, no question. Welfare and Quantitative Easing are
65.
by rothbardrand 9y ago
I have the 2016 MBP, and have been using it extensively in third world conditions this year. The keyboard has been so good that I didn't even notice it. What I do notice is having to limit myself to the 15 inch display vs the two 40&q
66.
Don't work for CrateJoy
4 points by rothbardrand 9y ago|1 comments
67.
by rothbardrand 9y ago
These arguments against bitcoin have been the same since 2010. They seem to ignore the point of bitcoin (it is impossible to counterfeit, unlike fiat which is counterfeited as a matter of course by the central bank to pay the federal gover
68.
Bitcoin isn’t tulip mania, tulip mania wasn’t even tulip mania(reddit.com)
2 points by rothbardrand 9y ago|1 comments
69.
by rothbardrand 9y ago
Inflation is literally minting more money. Full stop. The definition you are giving is a propaganda line to try and rationalize robbing the populace via inflation. Even Keyenes agrees with me on this. (But thank you for not saying it&#x
70.
by rothbardrand 9y ago
I expect bitcoin will crash in the early days as well... but it's unclear how long that will be, or whether it will become a safe haven that people start buying again. Bitcoin is literally a response to the 2008 crisis-- the genesis b
71.
by rothbardrand 9y ago
Your response comes from a.... perspective on economics that makes no sense to me. It's irrelevant if others have more bitcoin... if I am getting a loan, I'm certainly going to get it in the US dollar which has already lost %99.99
72.
by rothbardrand 9y ago
It's really none of your business who owns bitcoin. This surveillance society we are in isn't keeping the %1 in check. bitcoin is a reaction to that, as well as to the fiat fractional reserve banking system. People are happy to
73.
by rothbardrand 9y ago
There is no convenient instrument for them, and many funds have rules about what and where they can buy.
74.
by rothbardrand 9y ago
Supply of tulips is not fixed. Bitcoin is.
75.
by rothbardrand 9y ago
It's less transactions. Imagine you're paying your cable bill.. you can move some value to the side chain (one transaction) then make 12 monthly transactions-- on the side chain, so off the main chain--and then after cancelling m
76.
by rothbardrand 9y ago
Let me put it this way-- when one of the founders left, the company froze his Ripple. You can't do that with a true cryptocurrency.
77.
by rothbardrand 9y ago
BCASH has less capacity than BTC does now, in large part due to Segwit (which BCASH doesn't have.) BCASH is a miner sorta scam, they will mine 60 blocks in a minute for awhile until the difficulty shifts, then not mine any blocks for 1
78.
by rothbardrand 9y ago
MAST is in discussion now and will dramatically reduce transaction sizes (SEgwit already did it too, and segwit is still being deployed).... with MAST bitcoin will be more of a smart contract system, and even very complex transactions will
79.
by rothbardrand 9y ago
Transaction fees were $0 last week. A bit higher now due to the ATH and high numbers of transactions... most of the "high bitcoin fees" claims are from spammers who were spamming transactions to drive up fees. Chinese miners are
80.
by rothbardrand 9y ago
It pretends to, but they made their own terrible hash function and their "coordinator" is closed source and centralized. Beware.
81.
by rothbardrand 9y ago
Ripple isn't a cryptocurrency and it's not distributed, it's not really comparable, as its centralized. When you're centralized its trivial to deliver high transaction rates but you lose all of bitcoins advantages. Stay
82.
by rothbardrand 9y ago
Altocins have an incentive to hype what they are going to do. bitcoin is conservative and doesn't hype (no ICO) so people miss how much is actually happening. Bitcoin is dominant in large part because it has the best development team a
83.
by rothbardrand 9y ago
Lightening network and side chains, are two of the technologies that do this, and neither compromise decentralization or censorship resistance or security. In fact, they enhance those qualities.
84.
by rothbardrand 9y ago
Speculating on the price growth is literally speculating on several things: 1. The technologies future potential. 2. Investing based on the realized potential we have seen in the last year. 3. Speculating that the technology will more widel
85.
by rothbardrand 9y ago
Bitcoins capacity is growing all the time, Segwit is a big jump, and MAST and other technologies will increase it further. Not to mention, we're about a year away from Lightening Networks being deployed into production, and he theoreti
86.
by rothbardrand 9y ago
Wall Street hasn't gone nuts-- it hasn't started buying it and the mechanisms by which they buy are not yet in place. This recent rally is bitcoin enthusiasts anticipating the upcoming hard forks.
87.
by rothbardrand 9y ago
I still don't understand the volatility argument. Bitcoin is up 10X since spring 2016.... that volatility is not a problem! You just have to not care about the %30 up down in the middle.
88.
by rothbardrand 9y ago
100 million satoshi to a penny. I don't really know what the ultimate value of bitcoin will be-- really determines on how well it resists attacks, and what level of services are built on top of it. It's still the very early days.
89.
by rothbardrand 9y ago
Ranked by value. I don't get how "mere speculation" is considered a bad thing, or makes bitcoin irrelevant. IF it's digital gold right now, fine. Its gold that costs nothing to store, and very little to transport, unli
90.
by rothbardrand 9y ago
You can buy a fraction of a bitcoin! People don't seem to get this. Unlike Berkeshire Hathaway or any other stock, you don't have to buy a whole unit. BRKA shares at 6 figures are out of range for most people because you have to

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