Because there are no dollars involved. If they do as you suggest, at the start: A holds gold. B holds dollars. C holds oil. A trades B, gold for dollars. A holds dollars, B holds gold. A trades C, dollars for oil. A…
> What does matter: the NYT's decision to focus skeptical reporting on tech as an "important power center" sure seems to have been vindicated. So in effect the NYT which have been an "important power center" of American…
> Please don't comment about the voting on comments. It never does any good, and it makes boring reading. > It never does any good, and it makes boring reading. > it makes boring reading. > it makes boring > boring >…
Looks like you were downvoted ... no response. You know what that means.
yikes. Fair enough.
Generally anything that does not fit the ideologies of a typical reddit mod, and yes they will have certain belief systems, as most people do not have the time or desire to be moderating even for a few hours a day for…
I agree with this sentiment. Health studies are basically an oscillation between different diets these days. I never know when a new study will come and debunk yesterday's fad diet. Just avoid processed foods and…
Network protection, network adoption, stability, and decentralization. Not only that, with lightning, its has unparalleled speeds of transactional finality compared to a legacy system that relies on centralized…
> The Centers for Disease Control and Prevention (CDC) recently released updated official mortality data that showed 45,222 firearm-related deaths in the United States in 2020 — a new peak. Wonder how this has changed…
Actual value doesn't stay the same even when its running. I don't see why this is a problem, but if you want to use this as an argument, then go for it. ("Actual value" in dollar terms I assume? correct me if I'm wrong)
You asked a very good and important question. I don't want to share the answer, but know that it explains a very important topic on economic systems. Since I'm not going to be giving away the answer, I want you to at…
Everyone responds with your exact comment. 100 people in a room. All of them might have bitcoin. None might have bitcoin. One might have bitcoin. Five might have bitcoin. 99 might have bitcoin. Two might have bitcoin.…
> You’re a piñata if the attacker says you are, not just because you’re broke. And so are you. Doesn't matter if you don't actually have a bitcoin. Lack of provability means the attacker says you have a bitcoin so…
Because the universe is full of "not a pinata"'s. If an attacker is blindfolded swinging their baseball bats hoping to hit one, its utterly futile on the attackers time spent on earth. They are infinitely better off…
> when the music stops When the music stops, your account in the global open distributed ledger is stored in hundreds of thousands of harddrives distributed evenly throughout the entire free world. And when the music…
> I'm sure there exists an amount of force that can pry it from your living body though :) No there isn't, because you don't know how much I have. I can always give up some and claim I gave up everything. To do what you…
Which is why you store just a little in one address to "give up". And store the rest elsewhere. And never tell anyone how much you really have. For example, you hold 100 bitcoins. Randall Munroe's wrench hacker holds…
The entirety of evolution and social progress is a neck to neck rat race run against a red queen. Blaming mining (of any kind, gold, diamonds, rare earth metals, oil, bitcoin) for being a rat race is like blaming you…
> because you can’t get your money back when you’re scammed. Thats a feature not a bug. Not your keys not your coin. Neither scammers nor government can take it from you without you voluntarily giving it up. Which makes…
Exactly. You could use anything as currency. Prisoners use cigarettes or ramen. Its not about the product being mined so much as work being done, and therefore work being stored. Replace any currency with any power…
You mean fiat? Thats not new at all. We've used it for decades now it only leads to boom and bust cycles, while pushing the power of work done into the hands of people who didn't do the work.
I see this cited all the time like the bible. Keep in mind, the internet and the earth by and large is itself a community, and its not moderated nor defended except in places like north korea or china. Besides those…
Don't have the time to investigate the data, however, I have suspicion that they are neglecting the additional meat production from raising cattle. Dairy is only a fraction of the overall cattle industry, and an even…
The device Jeff Bezos uses to record your private conversations and sell to advertisers? I mean, I guess its not the end of the world if Amazon recommended to me laxatives, toilet paper, or a plunger when I needed one.
Because there are no dollars involved. If they do as you suggest, at the start: A holds gold. B holds dollars. C holds oil. A trades B, gold for dollars. A holds dollars, B holds gold. A trades C, dollars for oil. A…
> What does matter: the NYT's decision to focus skeptical reporting on tech as an "important power center" sure seems to have been vindicated. So in effect the NYT which have been an "important power center" of American…
> Please don't comment about the voting on comments. It never does any good, and it makes boring reading. > It never does any good, and it makes boring reading. > it makes boring reading. > it makes boring > boring >…
Looks like you were downvoted ... no response. You know what that means.
yikes. Fair enough.
Generally anything that does not fit the ideologies of a typical reddit mod, and yes they will have certain belief systems, as most people do not have the time or desire to be moderating even for a few hours a day for…
I agree with this sentiment. Health studies are basically an oscillation between different diets these days. I never know when a new study will come and debunk yesterday's fad diet. Just avoid processed foods and…
Network protection, network adoption, stability, and decentralization. Not only that, with lightning, its has unparalleled speeds of transactional finality compared to a legacy system that relies on centralized…
> The Centers for Disease Control and Prevention (CDC) recently released updated official mortality data that showed 45,222 firearm-related deaths in the United States in 2020 — a new peak. Wonder how this has changed…
Actual value doesn't stay the same even when its running. I don't see why this is a problem, but if you want to use this as an argument, then go for it. ("Actual value" in dollar terms I assume? correct me if I'm wrong)
You asked a very good and important question. I don't want to share the answer, but know that it explains a very important topic on economic systems. Since I'm not going to be giving away the answer, I want you to at…
Everyone responds with your exact comment. 100 people in a room. All of them might have bitcoin. None might have bitcoin. One might have bitcoin. Five might have bitcoin. 99 might have bitcoin. Two might have bitcoin.…
> You’re a piñata if the attacker says you are, not just because you’re broke. And so are you. Doesn't matter if you don't actually have a bitcoin. Lack of provability means the attacker says you have a bitcoin so…
Because the universe is full of "not a pinata"'s. If an attacker is blindfolded swinging their baseball bats hoping to hit one, its utterly futile on the attackers time spent on earth. They are infinitely better off…
> when the music stops When the music stops, your account in the global open distributed ledger is stored in hundreds of thousands of harddrives distributed evenly throughout the entire free world. And when the music…
> I'm sure there exists an amount of force that can pry it from your living body though :) No there isn't, because you don't know how much I have. I can always give up some and claim I gave up everything. To do what you…
Which is why you store just a little in one address to "give up". And store the rest elsewhere. And never tell anyone how much you really have. For example, you hold 100 bitcoins. Randall Munroe's wrench hacker holds…
The entirety of evolution and social progress is a neck to neck rat race run against a red queen. Blaming mining (of any kind, gold, diamonds, rare earth metals, oil, bitcoin) for being a rat race is like blaming you…
> because you can’t get your money back when you’re scammed. Thats a feature not a bug. Not your keys not your coin. Neither scammers nor government can take it from you without you voluntarily giving it up. Which makes…
Exactly. You could use anything as currency. Prisoners use cigarettes or ramen. Its not about the product being mined so much as work being done, and therefore work being stored. Replace any currency with any power…
You mean fiat? Thats not new at all. We've used it for decades now it only leads to boom and bust cycles, while pushing the power of work done into the hands of people who didn't do the work.
I see this cited all the time like the bible. Keep in mind, the internet and the earth by and large is itself a community, and its not moderated nor defended except in places like north korea or china. Besides those…
Don't have the time to investigate the data, however, I have suspicion that they are neglecting the additional meat production from raising cattle. Dairy is only a fraction of the overall cattle industry, and an even…
The device Jeff Bezos uses to record your private conversations and sell to advertisers? I mean, I guess its not the end of the world if Amazon recommended to me laxatives, toilet paper, or a plunger when I needed one.