swensel

8 ms·

31.
by swensel 5y ago
Someone in Venezuela could put their money in Bitcoin to prevent against currency debasement of their native currency. They also could get their money out of the country using it.
32.
by swensel 5y ago
What other investments would you consider? To me, if there are bubbles going on, the stock market is in one as well, as is real estate, etc. I've looked at the other investments available, and they also either seem very inflated, wit
33.
by swensel 5y ago
I'm a Bitcoin fan and I actually do agree, some of the narratives conflict. From my perspective it is a new asset class and the world is still figuring out what it is. It does, so far, seem to be a risk on asset, as it didn't per
34.
by swensel 5y ago
If a credit card is the example of a layer 2, with dollars being the base layer, would you say that dollars don't matter then, and the only thing that matters is the layer 2?
35.
by swensel 5y ago
I would add that mining Bitcoin using by products of natural gas production, which would otherwise be burned (flared) or vented directly into the atmosphere, is being put into practice already [1]. 1: https://oilmanmagazine.com&#
36.
by swensel 5y ago
Bitcoin is already storing over $1.1 trillion of the world's wealth which would currently put it in the top 10 global assets [1], as well as the top 10 global currencies based on M1 money supply [2]. It is also the best performing ass
37.
by swensel 5y ago
Good video. Peter Lynch does also say at some point in the video that he looks at what's happening now. I do think it is worth considering that some of the current asset classes are possibly in bubble territory, and some asset classes
38.
by swensel 5y ago
Which asset classes would you diversify into? The stock market is at all time highs. Real estate is also at all time highs (depending on location, but in general). Precious metals are not on track to beat inflation. Treasury bonds are not o
39.
by swensel 5y ago
Thank you for providing more details. I actually was in support of Bitcoin Cash around the time of the fork, but after some time, something about Bitcoin Cash and r/btc seemed off to me. Bitcoin Core and r/bitcoin seemed to be th
40.
by swensel 5y ago
What about the arguments that I've heard that Bitcoin Cash / big blocks allow miners to make more money, and that could be why this whole discussion started in the first place? I understand the argument that Blockstream has some b
41.
by swensel 5y ago
I think the us vs them mentality is what is toxic, and I see that on both sides of the Bitcoin scaling discussion. BCH may not be Roger Ver, but the main reason I don't currently hold BCH is because of Roger Ver. If he wasn't in
42.
by swensel 5y ago
I would like to support BCH but everyone I talk to who supports Bitcoin Cash comes across as so divisive on this matter. BTC obviously has an important place in the crypto ecosystem. To discount the price growth of BTC and its importance
43.
by swensel 5y ago
What about Litecoin as peer-to-peer electronic cash? I don't see what benefits Bitcoin Cash has over Litecoin. It seems like the original idea for Litecoin was that it could be used more for day to day transactions, by reducing the b
44.
by swensel 5y ago
Based on this, are you a fan of Bitcoin Cash? I find it interesting how divisive the split in Bitcoin / SegWit / Lightning Network vs Bitcoin Cash has been.
45.
by swensel 5y ago
This is interesting. I am curious, which PoS coin implementations do you like? If an attacker wanted to not raise the price of a coin, couldn't they use crypto OTC markets to buy large amounts while not raising the price (i've see
46.
by swensel 5y ago
You really think the entire world would shut off the internet? It is much harder to transport gold and silver, and those can be easily confiscated. A mnemonic seed can be stored in your head, and you can add a passphrase as a salt on top o
47.
by swensel 5y ago
This changed in 2019 ( https://ethereumworldnews.com/end-of-coinbase-pro-introduces... ). At this point, there is no way to trade for free on Coinbase or Coinbase Pro. However, maker orders do still have a lower fee vs taker
48.
by swensel 5y ago
You see no benefit to a flat system in crypto where everyone can participate equally, vs traditional finance / stock brokerages where large institutions like hedge funds automatically get a better deal vs any retail trader?
49.
by swensel 5y ago
Proof of Stake has yet to demonstrate as much resistence to adversarial attacks as Proof of Work. An expert in the space, Andreas Antonopoulos, speaks to this topic here: https://www.youtube.com/watch?v=U0T49duRt74&t=272
50.
by swensel 5y ago
A lot of the US crypto exchanges have high fees. They can get away with it due to US laws preventing US citizens from legally trading on asian exchanges, which have much more competitive fees (i.e. Binance.com, not Binance.US). Gemini has
51.
by swensel 5y ago
Why doesn't it have a happy ending?
52.
by swensel 6y ago
In terms of ethereum, do you mean ethereum smart contracts? The ethereum platform, as defined by it's creators, is actually quite technical. Anyone who spends the time to learn the Solidity language and what it takes to deploy a smart
53.
by swensel 6y ago
I think Europeans also just care more about the freshness of their food than typical Americans, and they're willing to shop more often for it (i'm American but know Europeans who have culture shock when visiting the US and see the
54.
by swensel 6y ago
I thought it was considered rude to ask for take-home bags in countries like France. However, looks like that might be changing [1]. [1] https://www.frenchtoday.com/blog/french-culture/french-doggy...
55.
by swensel 6y ago
For Chrome: chrome://flags/#same-site-by-default-cookies chrome://flags/#cookies-without-same-site-must-be-secure I found that at least the #same-site-by-default-cookies flag behaved as I would expect when sett
56.
by swensel 6y ago
Why not just chat with your coworkers on Slack or whatever your company's messaging platform is? I'm still having the same conversations online that I would in person.
57.
by swensel 7y ago
Clarification that they are not based in Malta from Changpeng Zhao (CEO of Binance): https://twitter.com/cz_binance/status/1230860647086338048
58.
by swensel 7y ago
Separate from international Binance ( https://www.binance.com/en ), but there is Binance US ( https://www.binance.us/en ).
59.
by swensel 7y ago
I don't see how this is game over for Coinbase, Gemini, or any other of the US exchanges. Even if international exchanges have higher volume, these US cryptocurrency exchanges likely are not going away.
60.
by swensel 7y ago
If the US supported cryptocurrency, particularly Bitcoin, instead of considering regulation, we could keep up with innovation at least, instead of having other countries leave us in the dust in terms of developing the technology.

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