snitko

8 ms·

31.
by snitko 7y ago
We made it point now to avoid all US-based services. While we're not affected by the sanctions yet, it seems like it is a possibility in the future. There's really not a lot of reasons to use Gitlab or Github or Slack or a number
32.
by snitko 7y ago
Look at 10 years chart. It's been going up consistently.
33.
by snitko 7y ago
Btc equivalent of USD.
34.
by snitko 7y ago
It is absolutely clear that every year Bitcoin is being used by more and more people or the price wouldn't be going up consistently over the years.
35.
by snitko 7y ago
Then I see no difference from USD. What exactly is the point? Yet another payment method?
36.
by snitko 7y ago
Lightning Network
37.
by snitko 7y ago
Why would anyone want a facebook coin that is completely controlled by Facebook which can be controlled by the government when with Bitcoin you get complete sovereignty?
38.
by snitko 7y ago
Speculative vehicle? We're paying devs salaries in Bitcoin, what are you talking about?
39.
by snitko 7y ago
Ugh. This will pass too. The value of Bitcoin is in the fact that nobody can control and censor it. It's black market money. If it didn't have this quality, it'd be useless. Nobody (meaning customers) cares about Facebook lau
40.
by snitko 8y ago
Exactly. And lotteries and gambling are legal while clearly much much much riskier.
41.
by snitko 8y ago
This only applies to US and a bunch of other countries that would bother to enforce the law regarding cooking regulation. Most countries wouldn't really care as they have more important issues to solve than clamp down on innocent peopl
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by snitko 9y ago
Forceful confiscation is pricey if you don't know whom to confiscate it from and how. A person may not have bitcoins. Or he might have it stored securely in another country to which he doesn't have immediate access. Those who have
43.
by snitko 9y ago
Cryptocurrencies don't make any sense unless they're decentralized and not controlled by governments. That's where the value is. Bitcoin has value because it cannot be controlled, printed (inflated) or easily confiscated. It
44.
by snitko 9y ago
Have a sense of proportion. Think about how much electricity, paper, waste and money is spent to keep up the banking industry, anti-fraud departments, AML/KYC compliance teams, clerks and all that show. Bitcoin is actually an improveme
45.
by snitko 9y ago
Have you tried Telegram? It's the best.
46.
by snitko 9y ago
Blockchain is not a protocol. It's a concept because there are many different blockchains. Bitcoin on the other hand is a protocol.
47.
by snitko 9y ago
It's all the same thing every year on HN. People trying to find all sorts of excuses for Bitcoin existence - blockchains, smart contracts, ICOs - as long as they don't have to accept that Bitcoin's main purpose is and always
48.
by snitko 9y ago
It looks like the date is displayed in the US format mm/dd/yyyy which is, of course, most unnatural to all other countries. Is this customizeable, or is it automatically adjusted depending on the language preferences in the browse
49.
by snitko 9y ago
Well what does? More people using it and interested in it? Doesn't define success. More merchants accepting it? Doesn't define success. More governments paying attention to it? Doesn't define success. What on earth would defi
50.
by snitko 9y ago
> Is there a good Bitcoin use by country breakdown? No, because you can't effectively track wallets/usage. However, you can, for example, look at Google Trends: https://trends.google.com/trends/explore?da
51.
by snitko 9y ago
In fact, the opposite is true. Most of the people who are open to Bitcoin live in third-world countries (including myself) and have a natural distrust for government. Also, saying some people "are wrong" is not an argument.
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by snitko 9y ago
You think it's for good reason. Many people think it's for bad reason. Those people invented and developed Bitcoin. Now the people who think state has no business messing with money and private lives of people have an actual tool
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by snitko 9y ago
The sustainable business case is permissionless nature of Bitcoin. Everything else comes down to it. This talk of blockchain technology being somewhat of a new wonderful invention that's supposed to magically make companies more profit
54.
by snitko 9y ago
I wish. I actually faced many of those people in real life. People are really angry about Bitcoin.
55.
by snitko 9y ago
It's not enough, because it's money. When it comes to money, most don't care what it smells like. That's why it's so unstoppable.
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by snitko 9y ago
It's been said many times before, but Bitcoin allows people who have certain worldview (libertarian) to self-finance their projects and bypass investors, VCs, politicians etc. This is very powerful. It's not just some asset you in
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by snitko 9y ago
> Who is buying goods or services using bitcoins? Anyone? Excuse me, I am. Expedia, Cheap Air, NewEgg, Microsoft, Dell and lots of other merchants accept it and I used them.
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by snitko 9y ago
It's virtually impossible that all governments get together and outlaw it. And it's not even like with drugs where it can be argued that they are harmful. So there will still be plenty of countries in the world who wouldn't o
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Strong Litecoin is vital for Bitcoin(romansnitko.com)
2 points by snitko 9y ago|0 comments
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by snitko 9y ago
One simple reason why I think it may make sense to want more money is to do interesting important things. If you earn more money, the market obviously thinks you're good at producing things that sell. It's not perfect as sometimes

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