awt

7 ms·

1.
by awt 7y ago
When are they going to stop using fixed dollar amounts in laws as if they didn’t know in a decade $200 will be worth way less than it is now? Kind of a slap in the face.
2.
by awt 7y ago
I think we may not be understanding each other.
3.
by awt 7y ago
How do you sell a fork if you aren’t holding it first?
4.
by awt 7y ago
Holders of Bitcoin also have a say in what forks are viable.
5.
by awt 7y ago
If your bitcoin is being stored on a machine connected to the internet, it’s not your bitcoin.
6.
by awt 7y ago
> People complaining that bitcoin is just for crime are just slandering it. This one really gets my goat. There are so many ridiculous laws. It’s illegal to consume alcohol in Saudi Arabia. It’s illegal in Russia to use profanity in t
7.
by awt 7y ago
Also, no one is talking about taking down Twitter, which is where the Dayton murderer hung out.
8.
by awt 7y ago
8chan is not the problem. Deplatforming 8chan is shooting the messenger.
9.
by awt 7y ago
>For example, all present-day populations show about two percent of Neanderthal ancestry which means that Neanderthal mixing with the ancestors of modern humans occurred soon after they left Africa, probably around 50,000 to 55,000 years
10.
by awt 7y ago
Also it has a government enforced monopoly.
11.
by awt 7y ago
It will and is. Every time the US attempts to control what can be purchased with dollars, it advances the process of turning the USD into a kind of Chuck E. Cheese token.
12.
by awt 7y ago
I think it would be great if China accomplished some major software and hardware innovations.
13.
by awt 8y ago
It should also deflate as the economy grows. Wrt the problems of deflation, it may or may not cause some, but it doesn't really matter because people who don't want to participate in Bitcoin don't have to. They can still ch
14.
by awt 8y ago
Uninflatable store of value.
15.
by awt 8y ago
Please provide a definition of harm that excludes the violation of property rights. We need not consider the difference between private property rights and property rights because these things are one and the same. If you can come up with
16.
by awt 8y ago
I don't understand how you can compare violation of property rights (breaking windows) to a completely voluntary system such as Bitcoin, the private production and use of which violates no property rights.
17.
by awt 8y ago
Money laundering and tax evasion: also known as failing to pay the men with guns for "protection." Stalin was also quite sure he knew what was useful for humanity.
18.
by awt 8y ago
Who decides what is extreme? Abolitionists were extreme yo!
19.
by awt 8y ago
Saying Bitcoin is like one thing does not preclude it from being like other things. Never the less, it's not necessarily useless just because it doesn't have the use some people mistakenly thought it had.
20.
by awt 8y ago
The point is not that Bitcoin is a government bond, if that wasn't obvious, but that just because some people said it's a currency and proceeded to build failing businesses on that faulty premise doesn't preclude it having ac
21.
by awt 8y ago
Government bonds are stable if you ignore tail risk. Governments tend to collapse eventually, at which point your bonds are not a great store of value. Bitcoin is however similar to a government bond in that it a) has value, b) is not dire
22.
by awt 8y ago
That's what the Papua New Guineans thought.
23.
by awt 8y ago
What it was "meant to be" hardly matters. What it actually is is more important than the misrepresentations presented by various misinformed parties.
24.
by awt 8y ago
I don't see the relationship between "meant to be" and "is" here. Doesn't it only matter what it actually is rather than what some people thought it might be?
25.
by awt 8y ago
Government bonds have been around for hundreds of years but I can't buy coffee with them. Thus they don't do anything.
26.
by awt 8y ago
Bitcoin is a cult. Altcoins are cargo cults.
27.
by awt 8y ago
How could Gresham's Law apply to Bitcoin if it were not divisible? Or are you suggesting that comic books could be considered money (one property of which is divisibility) to the same degree as Bitcoin? Hopefully we agree that divisi
28.
by awt 8y ago
What principle is not being universally applied? Or do I misunderstand?
29.
by awt 8y ago
Although this is a true statement it is not persuasive in that Bitcoin (unlike a special issue comic, or any other rare thing) has specific, meaningful properties (fungibility, divisibility, durability, etc.) that interact with the world ac
30.
by awt 8y ago
It is indeed a piss-poor store of value for people who have high time preference, but unmatched for those with low time preference.

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