That just means we disagree on what humanity needs. Good thing I don't have to justify how I spend my time and energy to you.
Maybe they do maybe they don't, it's impossible to tell other people what they need. The best you can do is educate them on the options you think could help, people will ultimately make their own decisions.
Trying to get people to understand Bitcoin is without a doubt the most productive thing I can do with my time for the future of humanity.
If someone figures out a way to do it, then sure. Mining ensures that no one in the system is able to get a new monetary unit below the market price as well as making tampering with past transactions uneconomical.…
If you're in Venezuela, Argentina, Lebanon, Turkey, Nigeria, etc. where your government is stealing your savings via massive inflation it's pretty useful. It would definitely be better if the learning curve was…
It's not like excess hydro power in China is stored anywhere. It's literally wasted.. why do you care if people use it to mine bitcoin? How is it cutting in to the energy that other people can use?
You can't drive up the cost of "waste", all you can do is use it such that the waste is decreased. If people want to make hydrogen with it they should do so. As I said, the Bitcoin network is not capable of bidding for…
*Citation Needed
Bitcoin doesn't waste energy. Bitcoin consumes energy waste. The global market for adding bitcoin blocks is as competitive as it is possible to get. No barriers to entry, no one even has to know who or where you are. As…
Nope, that's why I'm so confident. The entire point of Bitcoin is to remove the need for trust and replace it with network consensus rules and proof-of-work, both of which you validate yourself. Since, to me, that's far…
How would they enforce such a ban?
If people want to short bitcoin or tether, they should do so. However, I don't really get all the internet whining. If they're right they'll make a lot of money. I don't buy these concerned citizen FUD posts though,…
Uh.. one little problem with this kid's analysis. There are multiple USDT/USD markets (https://www.tradingview.com/symbols/USDTUSD/)
Am I missing something? That's how their backups work currently
Do people not realize they can run more than 1 messenger app at a time?
> sexual exploitation, human trafficking, modern day slavery, organ trafficking, high value thefts (petrol, or digits bank robberies), standard social engineering scams etc That kind of logic can be used to justify…
Sure, not until some entity gets over 50% of the stake
Sure, you just need to trust people.
They both want to scale transactions, they just disagree about how. Bitcoin Cash wants much higher transaction throughput at the base layer (i.e. the actual blockchain). While Bitcoin wants the high throughput lower…
Not really, the Wuhan lab received funding for the studies into gain of function for bat coronaviruses from the NIH (via EcoHealth Alliance). The incentive to bury the origin (if this was the origin) would be high for…
Failure to understand NgU.
SEC deals with securities, bitcoin is not a security according to them. Ripple(XRP) is.
A lot do (but they don't get surveyed by Nature). I quit physics after one postdoc - never thought that would happen - but reality and expectations often don't match up.
HN is hilarious. Even after 10 years, majority of people here are unable to grasp that bitcoin IS money. MS and MSTR are performing a speculative attack on a soft fiat currency (supply increased >20% in 2020) using the…
That just means we disagree on what humanity needs. Good thing I don't have to justify how I spend my time and energy to you.
Maybe they do maybe they don't, it's impossible to tell other people what they need. The best you can do is educate them on the options you think could help, people will ultimately make their own decisions.
Trying to get people to understand Bitcoin is without a doubt the most productive thing I can do with my time for the future of humanity.
If someone figures out a way to do it, then sure. Mining ensures that no one in the system is able to get a new monetary unit below the market price as well as making tampering with past transactions uneconomical.…
If you're in Venezuela, Argentina, Lebanon, Turkey, Nigeria, etc. where your government is stealing your savings via massive inflation it's pretty useful. It would definitely be better if the learning curve was…
It's not like excess hydro power in China is stored anywhere. It's literally wasted.. why do you care if people use it to mine bitcoin? How is it cutting in to the energy that other people can use?
You can't drive up the cost of "waste", all you can do is use it such that the waste is decreased. If people want to make hydrogen with it they should do so. As I said, the Bitcoin network is not capable of bidding for…
*Citation Needed
Bitcoin doesn't waste energy. Bitcoin consumes energy waste. The global market for adding bitcoin blocks is as competitive as it is possible to get. No barriers to entry, no one even has to know who or where you are. As…
Bitcoin doesn't waste energy. Bitcoin consumes energy waste. The global market for adding bitcoin blocks is as competitive as it is possible to get. No barriers to entry, no one even has to know who or where you are. As…
Nope, that's why I'm so confident. The entire point of Bitcoin is to remove the need for trust and replace it with network consensus rules and proof-of-work, both of which you validate yourself. Since, to me, that's far…
How would they enforce such a ban?
If people want to short bitcoin or tether, they should do so. However, I don't really get all the internet whining. If they're right they'll make a lot of money. I don't buy these concerned citizen FUD posts though,…
Uh.. one little problem with this kid's analysis. There are multiple USDT/USD markets (https://www.tradingview.com/symbols/USDTUSD/)
Am I missing something? That's how their backups work currently
Do people not realize they can run more than 1 messenger app at a time?
> sexual exploitation, human trafficking, modern day slavery, organ trafficking, high value thefts (petrol, or digits bank robberies), standard social engineering scams etc That kind of logic can be used to justify…
Sure, not until some entity gets over 50% of the stake
Sure, you just need to trust people.
They both want to scale transactions, they just disagree about how. Bitcoin Cash wants much higher transaction throughput at the base layer (i.e. the actual blockchain). While Bitcoin wants the high throughput lower…
Not really, the Wuhan lab received funding for the studies into gain of function for bat coronaviruses from the NIH (via EcoHealth Alliance). The incentive to bury the origin (if this was the origin) would be high for…
Failure to understand NgU.
SEC deals with securities, bitcoin is not a security according to them. Ripple(XRP) is.
A lot do (but they don't get surveyed by Nature). I quit physics after one postdoc - never thought that would happen - but reality and expectations often don't match up.
HN is hilarious. Even after 10 years, majority of people here are unable to grasp that bitcoin IS money. MS and MSTR are performing a speculative attack on a soft fiat currency (supply increased >20% in 2020) using the…