HashBasher

5 ms·

1.
by HashBasher 3y ago
Given your username, one would assume that you know the 3 uses of a money. But you know what they about assume-ing. I use bitcoin on a daily basis for the most important usage of a money - store of value.
2.
by HashBasher 3y ago
Stability is an illusion. Everything is fluctuating in value every day. Some would argue that given bitcoin's fixed supply, it could be an asset against which everything else value can be measured accurately. An economical measuring st
3.
by HashBasher 3y ago
I agree, but you can't mine USD, it's actually printed out of thin air.
4.
by HashBasher 3y ago
You don't need to build wires that spans half your country! Just a big building, some transformers or whatever equipment is used to consume the energy from the stranded producer and a lot of miners, as much as you can power!
5.
by HashBasher 3y ago
It's difficult to buy stocks if you don't even have a bank account. Why wouldn't Bitcoin be a "savings account"? I use it as a savings account, it's really great. I put money that I don't need today there
6.
by HashBasher 3y ago
The whole globe should be Anti-dollar (and anti-government money from any country)! What gives the US the right to the global reserve currency and the power to export inflation?
7.
by HashBasher 3y ago
Check your financial privilege buddy. You may think that because you get paid in the world reserve currency with low inflation. Others are not as lucky, and this won't always be the case. Heard about de-dolloraziation?
8.
by HashBasher 3y ago
What happens when costs get high? People innovate! When demand for bitcoin increases, more money will be invested in cheaper and more abundant power sources.
9.
by HashBasher 3y ago
Bitcoin makes people's lives better. A lot of people use it as a savings account. That's really great, especially for people living with a hyperinflationary currency.
10.
by HashBasher 3y ago
Bitcoin is very useful.
11.
by HashBasher 3y ago
How is it easier to sell energy? Electricity is not digital, you need to build the wires, figure out the demand and fund the operations of the whole thing.
12.
by HashBasher 3y ago
> No loans, no VCs I don't think so. There will definitely be companies and startups that yield better returns than bitcoin. Especially when bitcoin stabilizes at a very high value, holders will start speculating.
13.
by HashBasher 3y ago
They have and they deserve it. As bitcoin continues it's journey higher, all bitcoiners will be well rewarded (new or old).
14.
by HashBasher 3y ago
I highly recommend Slide IOS app! I don't know how they're able to block ads.
15.
by HashBasher 3y ago
It can't.
16.
by HashBasher 3y ago
Agreed, self-custodied bitcoin is the best way to mitigate third party risk. If some of these start-ups held a small amount of their reserves in bitcoin, they would not have had to panic to make payroll.
17.
by HashBasher 3y ago
When describing the currency itself, bitcoin is strictly not deflationary as the supply of it is never reduced, it's actually inflationary for the next hundred years or so until the full 21 million is mined. It might create a deflation
18.
by HashBasher 3y ago
Bitcoin is not deflationary. It just has a fixed supply. People who held bitcoin from early on supported the growth of bitcoin by holding up it's value through the wild gut-wrenching rollercoaster ride that it has gone through. They sh
19.
by HashBasher 4y ago
This problem is well-known amongst bitcoiners. When the currency is abundant, everything becomes scarce. When the currency is scarce, everything becomes abundant. Real estate has been monetized because the money is too abundant. The margina
20.
by HashBasher 4y ago
I love the sting that HN has for bitcoin. Find me one other HN post that has full context. They're all links with the title of the linked source. This is a link aggregator.
21.
by HashBasher 4y ago
Self-custody is simple - just download a wallet app and preserve your seed words. However, it's intimidating and requires a lot of personal responsibility.
22.
by HashBasher 4y ago
Having a savings account is not useful in daily life?
23.
by HashBasher 4y ago
What's the endgame of a savings account? Are folks just going to sit on their money until it eventually collapses?
24.
by HashBasher 4y ago
The acronyms are very twitter friendly.
25.
by HashBasher 4y ago
2013 called, they want their narrative back. ATM machines have cameras and does KYC.
26.
by HashBasher 4y ago
Really? Is corn fungible with oil?
27.
by HashBasher 4y ago
In that case, the fee will keep rising until _some_ miner puts it into a block. Mining is decentralized so empty block attacks won't work unless they all collaborate (good luck with that).
28.
by HashBasher 4y ago
Given a long enough time horizon, bitcoin is a great store of value. The returns are unbeaten in 5 year, 10 year and 13 year (that's how young bitcoin is) time horizons. As for what it is good for - what else is a permission-less medi
29.
by HashBasher 5y ago
The title is grossly misleading. Bitcoin had nothing to do with any of this. It should be `Confessions of a Scammer Widow`. Cotton was scamming before bitcoin even existed.
30.
by HashBasher 5y ago
> extremely decentralized network Can you provide source for this claim? I thought that infura was the dominant infrastructure provider for eth and if it gets taken down, a majority of the apps goes down too.

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