rspeele

35 ms·

301.
by rspeele 6y ago
Ok, but according to that site, the total capacity of all those opened channels is only a little over 1,000 BTC. The whole BTC network spends about that much on mining (block rewards + fees) every day . So is 1,000 BTC a lot of money, in w
302.
by rspeele 6y ago
In your estimation, how much Bitcoin is purchased in hopes of gaining freedom from the existing banking system, and how much Bitcoin is purchased in hopes of making money when it goes up?
303.
by rspeele 6y ago
Interesting take. Does the amount of money spent on Herbalife show how valuable it actually really is? What about essential oils or healing crystals? In a tautological way, sure, everything's worth what somebody's willing to pay f
304.
by rspeele 6y ago
Just a playful joke. He's a US politician who ran for president in 2016 as a third-party (i.e. no chance of victory) candidate. At one point he was asked about his long term view on global warming, and he said "In billions of year
305.
by rspeele 6y ago
No, I do think he means inflation. He's talking about the block reward, the Bitcoin "minted" through mining, being larger than the fees. Currently it's 6.25 BTC minted per block and the fees only add up to between 1 and
306.
by rspeele 6y ago
Is that you, Gary Johnson?
307.
by rspeele 6y ago
This is like saying my car's engine uses oil as lubricant, not as fuel. It's true, but I still have to change the oil every 5,000 miles. So I can still calculate the cost of oil changes into each mile. Since transacting Bitcoin se
308.
by rspeele 6y ago
That's efficient if you define efficiency as hashes computed per watt. That's the metric by which less-efficient miners are driven out. However, this does nothing for the overall energy efficiency of Bitcoin, which could be define
309.
by rspeele 6y ago
How much war happens because of fiat currency manipulation that wouldn't happen otherwise? Seems like humanity has engaged in war on a pretty regular basis since long before people decided to put their trust in paper money.
310.
by rspeele 6y ago
Explain to me this. How can proof-of-work NOT result in massively expensive energy consumption, regardless of where the energy is obtained? Suppose I wanted to conduct a 51% attack against Bitcoin. If I succeed, I stand to benefit monetaril
311.
by rspeele 6y ago
Do you think financial institutions, and skyscrapers they inhabit, would not exist in a BTC-powered world? People won't want to use their BTC to invest in companies on the stock market, trade commodities futures, or issue loans?
312.
by rspeele 6y ago
Don't forget ransomware, crypto's killer app.
313.
by rspeele 6y ago
Money moving in from the hot wallet. All the large transactions are to/from the same wallet. Do you understand how cold wallets are used by exchanges?
314.
by rspeele 6y ago
Fair enough, I agree those are experts. Have they been hit with lawsuits or smears? Are they alleging that the attacks they demonstrated were actually used in this election?
315.
by rspeele 6y ago
Literally anybody can spend a buck or so to send 69 doge to that address, and then use it to promote their pump-and-dump. You can't tell that transfers into an address are done with the consent of the address owner at all, or that they
316.
by rspeele 6y ago
You're correct that "pretty sure" isn't the appropriate standard for an election. However, "pretty sure" isn't the standard any state uses to approve voting machines, just the standard I use to post commen
317.
by rspeele 6y ago
> Any and all voting machines /must/ only ever be used to mark ballot papers that are filed in the usual way and can be counted in the usual way if there is any doubt whatsoever. I'm pretty sure that's exactly what th
318.
by rspeele 6y ago
Yeah, one of the things you are expected to accept right off the bat going into the conspiracy "evidence" is that all of these companies are essentially the same entity: Diebold, Dominion, Sequoia, SmartMatic, and Edison Research.
319.
by rspeele 6y ago
Can you give an example of what you would characterize as "smears against people who call for entirely reasonable verification"? And while you're at it, who you consider a "top-tier expert"? It seems to me that the
320.
by rspeele 6y ago
What technical property gives Doge an advantage over any other crypto for tipping? Seems like the main advantage for tipping currency is small transaction fees -- i.e. you use Doge instead of BTC because with BTC, the current median fee is
321.
by rspeele 6y ago
1 wallet holding a lot of coins != 1 person holding a lot of coins. I think it's most likely that this is a storage wallet for a large exchange.
322.
by rspeele 6y ago
Couldn't this simply be a wallet held by an exchange managing a large number of customer's DOGE holdings? If this was a long-term storage wallet, it would make sense for it to have steady deposits and few withdrawals (in big chunk
323.
by rspeele 6y ago
It really is a distributed Ponzi. Kind of like the company MMM in Russia in the 90s, everybody knew it was a scam but people hoped they would get out before it collapsed and take profits from the later suckers. The innovation of crypto in t
324.
by rspeele 6y ago
Ultimately I'm skeptical of price manipulation theories that rely on executing big trades to artificially move the price, as opposed to moving the price via changing trader sentiment about the underlying asset. There is a chance trader
325.
by rspeele 6y ago
> Drop the price with shorts and let panic set in. Retailers sell due to panic, dropping it further. This goes into a nice little spiral, which lets the shorters cover. What makes manipulating the price with short selling worse than mani
326.
by rspeele 6y ago
Yeah, I don't mean to imply that this is necessarily happening to anybody who's holding a stock. It depends on your broker and the terms you've agreed to. On some brokers it's an opt-in thing and you get to reap the re
327.
by rspeele 6y ago
Why short selling is legal at all? Well, why not? There are two or three parties to every short, all engaging in the activity because they expect to benefit. 1. The lender of the stock, who gets interest payments like any other lender 2. Th
328.
by rspeele 6y ago
I agree with you in principle, but in US politics gun rights have unfortunately been lumped on "the right" (see: lack of 2020 Democratic primary candidates not supporting an AWB), so I thought it was worth pointing out that partic
329.
by rspeele 6y ago
Maybe if Gamestop pivots to e-commerce they can eventually come up with some way that you could buy a game online and have it delivered fully digitally, without even having to wait for shipping. Especially if they had vendor lock-in, where
330.
by rspeele 6y ago
That's finance! What's really fun is that Alice and Charlie may not even know that they've lent their stock. Their broker, having a substantial amount of the stock pooled across all accounts they manage, may lend it out and s

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