tossl568

9 ms·

61.
by tossl568 4y ago
Exchanges are more interested in running their shitcoin casinos and making money off gambling trading fees. Some even skim off their users for withdrawal fees like crypto.com. There's not much incentive to implement something that won&
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by tossl568 4y ago
Digitally, without fees, with a fair exchange rate? With no limits on transaction sizes, with complete finality?
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by tossl568 4y ago
You are not the protagnist of reality. And one day even you might want to send money easily to somewhere other than a UK account, without jumping through any hoops of middlemen.
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by tossl568 4y ago
And they say Bitcoin has no use case
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by tossl568 4y ago
Bitcoin is my and millions of others store of value, it is definately decentralized and is definitely private if used properly. I don't touch any "cryptos".
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by tossl568 4y ago
Seems that the free market is determining that securing an open financial network benefits society more.
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by tossl568 4y ago
Bitcoin miners flock to where the energy is cheapest, where it can't be used for anything else, namely stranded renewables. If the energy source can be used for anything else, it is probably too expensive for Bitcoin miners, who are a
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by tossl568 4y ago
Me too. Layer 1 Bitcoin with Layer 2 lightning is really exciting for open payments.
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by tossl568 4y ago
Why? Bitcoin is great and nobody is forcing anyone to use it.
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by tossl568 4y ago
An open, censorship resistant financial protocol is a system of control? How does that work?
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by tossl568 4y ago
How is an open, permissionless financial network that uses a fraction of a % of the world's energy a scam that will destroy life on Earth? Uninformed, hyperbolic statements about Bitcoin is a sign you're incapable of basic underst
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by tossl568 4y ago
I'm not contesting it no. And I'm saying it's a perfectly valid use of energy. It will use even more energy in future. And it's worth it. Energy use doesn't need defending and isn't a bad thing. Energy secures
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by tossl568 4y ago
What does dollar indoctrination look like? Like asking a fish what water is I suppose. It's all we've known.
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by tossl568 4y ago
But whether that is a bad thing definitely is up for debate. Bitcoin mining is a buyer of last resort for stranded renewable energy. It also incentivises renewable energy capture. Energy isn't fungible, it can't be magically telep
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by tossl568 4y ago
Bitcoin disappearing tomorrow wouldn't make a dent in our current fossil fuel emissions. Bitcoin mining ASICs don't emit CO2. Take it up with policymakers who subsidize fossil fuels.
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by tossl568 4y ago
Yeah yeah. Bitcoin is an open financial network that anybody can use and nobody controls and is secured by energy. What an amazing, historical feat of human ingenuity. It's neutral and just like the internet can be used by anybody. We&
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by tossl568 4y ago
We'll revisit that in a few years shall we? After continued inflation caused by endless QE. Sounds like you have a problem with fossil fuels and the subsidies that exist for them. I suggest you direct your anger there instead of trying
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by tossl568 4y ago
Who knows? Going to keep saving Bitcoin though. The lower it goes the more I can save.
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by tossl568 4y ago
Very easy. And very wrong. See you in a few years.
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by tossl568 4y ago
It's been a hedge against inflation for me for nine years thanks. I'm not pulling a cent out. Those people are selling a scarce asset to me, and thousands like me, and they can only sell to us once. Most miners are running on stra