toenail

16 ms·

241.
by toenail 3y ago
Bitcoin users not affected.
242.
by toenail 3y ago
Lol, do we really need an article about this healthy behavior?
243.
by toenail 3y ago
Scarcity alone does not make something valuable, things that are useful have value. Happy to clear that up.
244.
by toenail 3y ago
Not sure why you expect bitcoin to do "high returns" for everybody, that was never a promise and never a goal. Are you going to argue that stocks are not fair because you personally didn't buy the stocks with the best returns
245.
by toenail 3y ago
Ok, your previous comment seemed to imply that the only alternative to monetary policy was violence/war, that sounded absurd. Now you seem to confuse currency controls with monetary policy? Anyway, maybe it would be a good idea to read
246.
by toenail 3y ago
Bitcoin has inflation at the moment. > I don’t know all the details but there’s real world support for significant deflation being detrimental not just theory. The problem is that the "real world support" is usually taken from
247.
by toenail 3y ago
> Bitcoin failed all of those which is why it’s never had significant adoption as a currency. Yet there is no more successful digital currency on the planet. If you think you can make one with "better" rules please go ahead! &g
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by toenail 3y ago
You're not one of the "it's not useful to me, so it's not useful to anybody" people, are you?
249.
by toenail 3y ago
> I don't buy the arguments that the current fiat system has enough issues to indicate it needs replacement. Said like somebody who never had a problem with the financial system and had access to banks for their entire life. It&#x27
250.
by toenail 3y ago
You're right, bitcoin is something entirely new, and we don't know the future, so we don't know what it will end up being.
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by toenail 3y ago
> fixing their block including moving to PoS POW fixed a problem POS does not solve, it is an entirely decentralized, trustless system. It is not possible to move to POS, the only coins who can do that are coins that are not decentralize
252.
by toenail 3y ago
Your point being?
253.
by toenail 3y ago
Nobody knows how much Satoshi mined. And a rational actor would not "dump" coins on the market for giggles, but for profit, hence avoid a market crash. Besides, bitcoin currently has a trading volume of around 10 billion per day,
254.
by toenail 3y ago
> A truly altruistic system would not confer such a huge advantage on early miners Bitcoin never claimed to be and is not altruistic. And the same can be said about almost all investments, you need information early, you need to judge th
255.
by toenail 3y ago
https://evanhatch.medium.com/len-sassaman-and-satoshi-e483c8...
256.
by toenail 3y ago
What's your use case for that? Just wondering.
257.
by toenail 3y ago
How long do you think it takes?
258.
by toenail 3y ago
How would the answer be relevant?
259.
by toenail 3y ago
Industrial processing. As a simple rule, the longer the list of ingredients on the food label, the more processed. The ingredients aren't something you'd normally think of as food? More processed.
260.
by toenail 3y ago
So you ask for advice, and when you get advice you argue why the advice is wrong. Lol. I can see why interviews don't go well for you.
261.
by toenail 3y ago
Yeah, I doubt you can still use tech you used 5 years ago, never mind 10 or 20. > But when I explain this in interviews I feel like hardly anyone buys it. If the interviewer wants to talk about one stack, that's likely the one you&#
262.
by toenail 3y ago
Like I said, more time. Traveling near relativistic speeds creates more radiation anyway from interstellar particles.
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by toenail 3y ago
> But going to other stars is a whole different matter, because the distances involved are tremendously greater, meaning that we need to accelerate a spaceship to relativistic speeds - close to the speed of light That's absurd, slow
264.
by toenail 3y ago
I'm not sure what you mean by your question. PoW solved a problem no other known system solves. There is no trade-off here.
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by toenail 3y ago
> PoS is a sure way forward No, PoS is a total failure. As it is not tied to reality the history of the ledger can be modified at will. There is no independent way of knowing which chain is the "real" one. There is no independe
266.
by toenail 3y ago
> My initial point was to inform the OP about peer-reviewed "Peer-reviewed" is meaningless if it's not scientific, fact-based. > articles on current waste See, you start with the assumption that it's wasted. You ca
267.
by toenail 3y ago
If once in bitcoin's history there is 51% attack, all energy that was ever used was used to prevent this one attack. Wow, you totally convinced me.
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by toenail 3y ago
Less than .1% to secure more than 500 billion of value. Bitcoin energy usage is primarily to secure the network, not for transaction "volume", but that's a common misconception for people who have yet to learn about bitcoin.
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by toenail 3y ago
> but the logical conclusion is that it ends up taking massive industry scale resources only catering to small to midsize industry. That's a fair assumption, but personally I find it absurd to think that a global open permissionless
270.
by toenail 3y ago
Like I said, the same can be said about any industry on this planet. That this fact is mind-boggling for you shows that you haven't really ever thought about energy consumption. That you see this as a weakness of bitcoin shows that you

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