rothbardrand

13 ms·

91.
by rothbardrand 9y ago
I don't understand the comment "especially with the high volatility we are seeing at the moment". Volatility doesn't change your ability to have coinbase buy $10 in bitcoin every week... in fact because of volatility yo
92.
by rothbardrand 9y ago
Probably easiest to read that as "the stock market" but I mean stocks, bonds, treasuries and other assets. We had market crashes in 2001 and 2008, and there is another one likely in the next couple of years, I expect. Quantitati
93.
by rothbardrand 9y ago
The %1 has preferential, essentially exclusive access to high risk, high reward investments, namely startups and hedge funds... but bitcoin and ethereum etc give regular people access to such invesmtents that accredited investors would prev
94.
by rothbardrand 9y ago
Depends on the bill. But yes, you can use a bitcoin backed credit card for a lot of bills, and the biller gets paid in dollars which are converted from the bitcoin balance on the card. It is a bit of a challenge.
95.
by rothbardrand 9y ago
I tried for a fixed number of bitcoin per month, but they, not being fools, didn't go for it, and I get a USD salary converted at the exchange rate on the date of payment. This has worked out quite well in a bull market, though.
96.
by rothbardrand 9y ago
Yes, effectively we are experiencing deflation against fiat as the price is going up... and also %80 of all bitcoin has been mined, at the next halving and the one after that the rate of new supply will be cut twice.... which means over the
97.
by rothbardrand 9y ago
Well, the thing about bitcoin is that anyone can buy bitcoin. If you're poor, you can have coinbase buy $10 in bitcoin a week automatically. It's an investment of a quality that isn't really available in other forms, and a
98.
by rothbardrand 9y ago
Bitcoin is a currency going thru the technology adoption cycle. This is a really new thing. The technology adoption cycle-- what the internet and smart phones went thru-- is when increasingly large waves of population accept the new technol
99.
by rothbardrand 9y ago
Well, you can calculate exactly how much is circulating on the blockchain, though off chain places like exchanges and the like represent even more volume. Curious why this statement of fact is being downvoted.
100.
by rothbardrand 9y ago
Gold's money supply is about $8T, and I think Dollars (not just physical bills) is much bigger-- at least $20T. I think your math is off. Bitcoin is approaching a $100B market cap, and there are only 21 million bitcoins that will ever
101.
by rothbardrand 9y ago
A better comparison is between bitcoin and countries currencies... it's something like number 59 in the world, though that is from a couple weeks ago. Bitcoin is really a new currency, and comparing it to company market caps and banks
102.
by rothbardrand 9y ago
Not really. I get paid in BTC and I pay my bills with it, buy things on amazon via Purse with it, etc. There are a great many people building businesses on the unique features of BTC. This "nobody uses BTC" meme needs to die-- ye
103.
by rothbardrand 9y ago
Early on, I expect that Bitcoin will have lower prices when the Fiat market crashes, because people will sell assets to raise money to cover margin calls. However, Bitcoin generally has rallies whenever government tries to control markets i
104.
by rothbardrand 9y ago
Companies are generally pretty good at not letting people who aren't company cheerleaders do interviews.
105.
by rothbardrand 9y ago
Negative reviews seem to be pretty reliable, you have to have a motivation to post them, even if the content may not be objectively accurate. I worked for a company with terrible management and every time an employee would leave they would
106.
by rothbardrand 9y ago
Haha, let me introduce you to the bear community. TBH, I can't say for sure, but at least in this area, the gay community is very diverse in weight and bears / chubs are very popular. Going on a gay dating app as a chub you get m
107.
by rothbardrand 9y ago
I've interacted with Craig Wright a fair bit on Twitter, and I also work in this space, and have a close familiarity with Satoshi's writings. I'm not a core developer, but I would say I am one tier below the core developers
108.
by rothbardrand 9y ago
No doubt they are trying-- that's why there is bcash and 2x. But bitcoin is fighting them. The odds favor bitcoin. And if they win the 2x by getting hash power, bitcoin will fork to a new PoW and render their millions in ASICS worthl
109.
by rothbardrand 9y ago
Many uses of the word "federated", it's not clear which you mean. IF you mean to imply that the people you open channels with will be custodians of your funds, that's an error. That's the whole point of LN.
110.
by rothbardrand 9y ago
Bitcoin is inflationary. It is currently inflating at a low rate and that will decrease every four years. That's not "deflation". Further, money holding its value is a good thing. The only people who profit from inflation a
111.
by rothbardrand 9y ago
I would really suggest reading the release notes from the past two years of core development. Every release has included an optimization of one kind or another. They have been scaling all along, and Segwit is really a bundling of dozens,
112.
by rothbardrand 9y ago
That's impossible when bcash doesn't make blocks for 12 hours at a time.
113.
by rothbardrand 9y ago
LN is actively being worked on, looking pretty good, and is estimated to be about a year from production. And that's just simple LN. Over the next 5 years LN has the potential to really explode in capability and capacity.
114.
by rothbardrand 9y ago
It's completely absurd to say that transactions will be $10,000 when they are currently free, and we are nowhere near capacity, and Segwit hasn't even fully been adopted yet. The entire "high transaction fee" narrative i
115.
by rothbardrand 9y ago
Don't worry. Transaction costs will not rise. If you aren't in a hurry, even old style transactions are free today... and 100sat/byte for next couple of blocks clearing. The entire "transaction fees are high" narra
116.
by rothbardrand 9y ago
The max block size for segwit transactions is about 3.7mb. The idea that bitcoin blocks are limited to 1mb is false, and its being propagandized as such by people who really want to fire core and take over the bitcoin brand. It has nothing
117.
by rothbardrand 9y ago
In the past I had an account whose handle people would often assume was a woman. I liked to discuss politics and so I'd disagree with people, and I ended up disagreeing with people on the right and the left. The only death and rape th
118.
by rothbardrand 9y ago
This comment deserves more upvotes, because even if you don't agree with it, it accurately distills the perspective of those who are aghast that liberals increasingly seem to be unable to tolerate the idea of a jewish dude who is marri
119.
by rothbardrand 9y ago
It's also important to recognize that government is not society. Government to my mind is a mafia. A group of thugs that enforces its will and buys good will with a little charity while sucking the life out of the country (eg: massive
120.
by rothbardrand 9y ago
Are you saying that "hate speech" is a concept that is only adopted by the fringes? Doesn't seem to be that way to me. 20 years ago, it was the fringe. Now it seems like if it isn't mainstream, it is close. Certainly

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