The Bitcoin network is a global energy buyer with properties unlike any other. It will continue to bid for stranded and excess energy that cannot be used for other applications. With last year's Chinese mining ban the…
https://www.lynalden.com/bitcoin-ponzi-scheme/
Your view on currency exposes your extremely elitist bias. Are you aware that a large portion of the population is unable to purchase assets? What do you say to these people? What do you say as the dollars they earn pay…
What's the point, you ask... Here is Ross Stevens, CEO of Stone Ridge Asset Management, describing "the point" for an hour: https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macr... It sounds like you've made up…
In many cases this is incorrect. Bitcoin's mining network is the first global energy market that unlocks stranded energy (energy produced too remotely to be profitably inserted into any grid) and brings its value to…
Rather than a case, how about a framework to evaluate going forward: the market. Given enough time, I'm pretty sure the market will root out the "real value" of bitcoin and keep assessing the "real value" of gaming.…
Via Tesla, bitcoin is now implicitly held by all investors in the S&P 500, including, very likely, you. You are now a benefactor of bitcoin's growth, whether you're aware of it or not. This trend, where bitcoin quietly…
Nic Carter's rebuttal to a Bloomberg comparison between Bitcoin/Visa, including assessments of total and per/transaction energy usage: "First of all, Bitcoin and Visa are fundamentally different systems. Bitcoin is a…
Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, someone who spends a lot of time and energy trying to help people in economically repressed circumstances, clearly disagrees with your assessment:…
My guess is you have no idea of the underlying dynamics because you haven't done your research before deciding for yourself and stating confidently "can be explained by nothing else than..." Here are a couple of threads…
Culture evolves slowly, often only changing dramatically across generations. Multiple generations in USA (which is a dominantly exported culture globally) have adopted the "drugs"-are-bad idea as a core belief (it's…
No, it doesn't. Money, perhaps more than anything else in human society, exhibits network effects that incline it toward winner-takes-all dynamics. Every money implicitly competes against every other money. I recommend…
I appreciate your perspective. I feel like I'm taking crazy pills these days on HN concerning BTC. This idea (early rejection, re-justification) is a helpful heuristic for understanding some of it at least.
The "market" is always active and always looking to select the best of everything, including money. Bitcoin isn't be-all/end-all magical money - but it is a massive, order-of-magnitude improvement on history's greatest…
You are clearly more confused, and entrenched in the status quo, than the comment I was originally responding to. I'm not sure why the "air quotes" around the word "freedom", but it reeks of mockery. And therein lies…
As a tech enthusiast on a forum heavily populated by people interested in disrupting aspects of the world through technology, you are missing a big, big boat here. And I'm not even referring to the possible investment…
We cannot expect any actor (human or otherwise) to act against their own best interest. Google/Youtube, an entity with incentives, will act to maximize it's share of your time spent with them - it cannot function any…
Part of me (the emotional part) agrees with you. But without offering a human-nature compatible monetization mechanism to replace ad monetization, I'm sure you'll lose many things that you deeply value without…
1. This is a common criticism, but probably shouldn't be. It would be nice if the activity of folding proteins offered the same proof-of-work, security attributes as, for example SHA256, but sadly it doesn't. As in all…
The Bitcoin network is a global energy buyer with properties unlike any other. It will continue to bid for stranded and excess energy that cannot be used for other applications. With last year's Chinese mining ban the…
https://www.lynalden.com/bitcoin-ponzi-scheme/
Your view on currency exposes your extremely elitist bias. Are you aware that a large portion of the population is unable to purchase assets? What do you say to these people? What do you say as the dollars they earn pay…
What's the point, you ask... Here is Ross Stevens, CEO of Stone Ridge Asset Management, describing "the point" for an hour: https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macr... It sounds like you've made up…
In many cases this is incorrect. Bitcoin's mining network is the first global energy market that unlocks stranded energy (energy produced too remotely to be profitably inserted into any grid) and brings its value to…
Rather than a case, how about a framework to evaluate going forward: the market. Given enough time, I'm pretty sure the market will root out the "real value" of bitcoin and keep assessing the "real value" of gaming.…
Via Tesla, bitcoin is now implicitly held by all investors in the S&P 500, including, very likely, you. You are now a benefactor of bitcoin's growth, whether you're aware of it or not. This trend, where bitcoin quietly…
Nic Carter's rebuttal to a Bloomberg comparison between Bitcoin/Visa, including assessments of total and per/transaction energy usage: "First of all, Bitcoin and Visa are fundamentally different systems. Bitcoin is a…
Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, someone who spends a lot of time and energy trying to help people in economically repressed circumstances, clearly disagrees with your assessment:…
My guess is you have no idea of the underlying dynamics because you haven't done your research before deciding for yourself and stating confidently "can be explained by nothing else than..." Here are a couple of threads…
Culture evolves slowly, often only changing dramatically across generations. Multiple generations in USA (which is a dominantly exported culture globally) have adopted the "drugs"-are-bad idea as a core belief (it's…
No, it doesn't. Money, perhaps more than anything else in human society, exhibits network effects that incline it toward winner-takes-all dynamics. Every money implicitly competes against every other money. I recommend…
I appreciate your perspective. I feel like I'm taking crazy pills these days on HN concerning BTC. This idea (early rejection, re-justification) is a helpful heuristic for understanding some of it at least.
The "market" is always active and always looking to select the best of everything, including money. Bitcoin isn't be-all/end-all magical money - but it is a massive, order-of-magnitude improvement on history's greatest…
You are clearly more confused, and entrenched in the status quo, than the comment I was originally responding to. I'm not sure why the "air quotes" around the word "freedom", but it reeks of mockery. And therein lies…
As a tech enthusiast on a forum heavily populated by people interested in disrupting aspects of the world through technology, you are missing a big, big boat here. And I'm not even referring to the possible investment…
We cannot expect any actor (human or otherwise) to act against their own best interest. Google/Youtube, an entity with incentives, will act to maximize it's share of your time spent with them - it cannot function any…
Part of me (the emotional part) agrees with you. But without offering a human-nature compatible monetization mechanism to replace ad monetization, I'm sure you'll lose many things that you deeply value without…
1. This is a common criticism, but probably shouldn't be. It would be nice if the activity of folding proteins offered the same proof-of-work, security attributes as, for example SHA256, but sadly it doesn't. As in all…