throwaway248329

8 ms·

31.
by throwaway248329 5y ago
So Bitcoin manages to compete with Visa in terms of amount of value settled while being decentralized, permissionless and uncensorable. That's pretty cool. Also I just checked the median transaction amount on Bitcoin and it's some
32.
by throwaway248329 5y ago
We can't know, but that percent is likely growing. Year ago it was unthinkable that Bitcoin will be declared a legal tender in any country.
33.
by throwaway248329 5y ago
There is over $10 billion settled on Bitcoin network per day.
34.
by throwaway248329 5y ago
So if the laws allow murdering people you would think that you have the freedom to murder people? Or that such laws are psychopathic and don't respect anyone's freedoms at all?
35.
by throwaway248329 5y ago
Timing analysis is the main thing to worry about, if you're just looking to get some anonymous ETH such that people looking at the blockchain can't track it easily. Those difficult measures are not a requirement and can be ignored
36.
by throwaway248329 5y ago
*if Vitalik agrees on it
37.
by throwaway248329 5y ago
Plenty of people concerned with privacy use public blockchains - you don't need to dox yourself to use them, just need a private key. Unlike traditional finance, where you just have to hope that your PII data won't get leaked one
38.
by throwaway248329 5y ago
If I want to sell a poisonous wine to an adult that understands the risks and still wants it, then it's none of your business.
39.
by throwaway248329 5y ago
This is like saying that Tor is specifically designed to buy drugs. It is designed for privacy, just like Tornado.cash is. Privacy can be used for many things.
40.
by throwaway248329 5y ago
No, there is no freedom to murder people no matter where you are. My freedom ends where yours begins.
41.
by throwaway248329 5y ago
Not hoarding, it's called saving. And people would still spend money because everyone has their own time preference and we're all going to die someday anyways. On the positive side, economy with a large number of savers would be l
42.
by throwaway248329 5y ago
A law that bans murder. There is no freedom to murder so it does not restrict any freedom.
43.
by throwaway248329 5y ago
Not every law is a restriction of freedom. My freedom ends where yours begins. Sadly, some people are more than happy to force their worldview on others, "for their own sake".
44.
by throwaway248329 5y ago
Smart contract ecosystem thrives despite lack of accountability.
45.
by throwaway248329 5y ago
"There is always large opposition to restrictions of freedom".
46.
by throwaway248329 5y ago
Traditional finance did settling just fine before. The only reason they are getting into blockchain now, is that it's a real alternative that people prefer to the banks.
47.
by throwaway248329 5y ago
But does it make "perfect sense" to regulate it? No. Especially not when there is a large group of population who disagrees to those regulations.
48.
by throwaway248329 5y ago
And yet they chose baby milk, not wine. Why? Because not everyone would agree that governments should necessarily regulate everything that you consume. Especially when it's advertised as "consume at your own risk".
49.
by throwaway248329 5y ago
Smart contracts are immutable, so realistically, once you know which one is the right one you can just bookmark it. If you don't want to trust anyone at all, you can read the contract code and make individual judgement whether it does
50.
by throwaway248329 5y ago
Baby milk is a disingenuous analogy since it's not expected to be consumed by the buyer. If consenting adults voluntarily went out of their way to get an unregulated product, without harming anyone but themselves, then why should they
51.
by throwaway248329 5y ago
Not DAOs, but users can examine the transaction that they are prompted to sign and make sure that it is interacting with the right smart contract.
52.
by throwaway248329 5y ago
Nobody forces you to put your money in DeFi protocols.
53.
by throwaway248329 5y ago
Regulations in DeFi would do nothing but turning it into traditional, permissioned finance but on blockchain. Nobody wants that.
54.
by throwaway248329 5y ago
Bitcoin is the most egalitarian money ever created. Nobody will ever refuse to sell you Bitcoin because you're a "peasant". And comparing money with land is also incorrect - having Bitcoins in a wallet that you're never
55.
by throwaway248329 5y ago
Bitcoin custody is getting better every day, so the supply shrinking is not a real, fundamental problem.
56.
by throwaway248329 5y ago
>People sell stuff for currency and this creates a chain of transactions. If someone saves money beyond what they intend to spend, it's like damming a river. There are less transactions on the other side, in extreme cases no transac
57.
by throwaway248329 5y ago
It's not deflationary, it's inflating at a predetermined rate, gradually getting closer to the 21M cap. The governments are unable to rebase it to fund their wars and propaganda though, so naturally they don't like it.
58.
by throwaway248329 5y ago
The only way WikiLeaks could accept donations when they were cut off from traditional finance. Yup, sounds like Herbalife.
59.
by throwaway248329 5y ago
So, like gold or any other speculative investment?
60.
by throwaway248329 5y ago
Getting the vaccine does not stop you from spreading the virus.

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