cflynnus

6 ms·

1.
by cflynnus 3y ago
I have no problem with the Tesla touchscreen. I don't want a car with physical buttons.
2.
by cflynnus 3y ago
yup
3.
by cflynnus 3y ago
Thinking CBDCs are “safe” is extremely naive. They’re a dystopian nightmare. They’re every dictators wet dream. This is why Bitcoin matters. Bitcoin = freedom.
4.
by cflynnus 4y ago
It's not good money if it's properties can be changed, especially it's supply.
5.
by cflynnus 4y ago
If it's centralized it's garbage and it doesn't matter whatever its roadmap is. Also ETH wont implement sharding because its breaks composability. It's just marketing.
6.
by cflynnus 4y ago
https://danhedl.medium.com/bitcoins-security-is-fine-93391d9...
7.
by cflynnus 4y ago
That's dumb FUD. https://endthefud.org/control
8.
by cflynnus 4y ago
zoom out
9.
by cflynnus 4y ago
https://www.newsweek.com/bitcoin-mining-track-consume-worlds... "Bitcoin Mining on Track to Consume All of the World's Energy by 2020" Yep we've heard this all before.
10.
by cflynnus 4y ago
Gold standard was nixed because the government wanted to be able to create new money out of thin air and give it to itself. Simple as that.
11.
by cflynnus 4y ago
> the ruinous consequences if a Proof-of-Work-based currency were to rapidly overtake the current payment networks, in terms of the cost of electricity and environmental impact. https://endthefud.org/energy
12.
by cflynnus 4y ago
I don't care about securities law or what the US government does towards crypto. My point is that these ARE securities and bitcoin IS a commodity. When people truly understand this they realize owning anything crypto is akin to buying
13.
by cflynnus 4y ago
Having a roadmap is no merit. A roadmap means the system is centralized because a core group of people can change the rules. If it's centralized it's not censorship resistant and the supply can't be guaranteed to not increase
14.
by cflynnus 4y ago
> Bitcoin does not have Turing-complete scripting Feature not a bug. Base layer that will serve as foundation for entire global economy should be as simple as possible to make it as reliable as possible. Like all complex systems, functio
15.
by cflynnus 4y ago
IMO it applies to anything/everything "crypto" - it's all just unregistered securities lying/pretending to be commodities. It's all just scams. Bitcoin, however, truly is a commodity and is decentralized.
16.
by cflynnus 4y ago
Ethereum is a foundation of sand. The protocol and the rules change at the whims of the senior insiders. It's not a stable platform and since we don't know what the rules will be in the future you can't plan for the future an
17.
by cflynnus 4y ago
bitcoin fixes this
18.
by cflynnus 4y ago
It’s your opinion that what PoW produces is “waste” The markets disagree with your opinion
19.
by cflynnus 4y ago
> >In the stormy world of crypto, Bitcoin is the port. This is an idiotic statement. Bitcoin development has completely succumbed to corporate capture at this point by Blockstream and the likes. I disagree. Bitcoin has never had a har
20.
by cflynnus 4y ago
And yet it stores a lot of value…
21.
by cflynnus 4y ago
well the PoS fork tokens will acquire 99% the value of the current ethereum tokens, so if you want to access that you've got to upgrade your software. You are right tho you'll continue to be able to interact with the PoW network.
22.
by cflynnus 4y ago
> It's also a software upgrade because that $194 billion transaction only happens if enough users of the software have chosen to upgrade and run the new software by then instead of the old software (don't worry, it looks like m
23.
by cflynnus 4y ago
In at least one nation state, El Salvador, Bitcoin is an option for buying a sandwich with.
24.
by cflynnus 4y ago
I don't think this is correct. The book "The Blocksize War" by Jonathan Bier does a good job of covering this topic.
25.
by cflynnus 4y ago
Strongly disagree that PoW is a form of "shackles" PoW = bad is an Ethereum marketing narrative. The Bitcoin community has many robust counterarguments to this narrative.
26.
by cflynnus 4y ago
Labeling Bitcoin mining as "wasteful" is a subjective opinion not an objective truth. Mining does produce something: physics backed security guarantees, which has a value that's determined by a free market (see Bitcoin price&
27.
by cflynnus 4y ago
Bitcoin gives individuals the ability to better protect their wealth/savings by storing it in a form where it can easily be hidden (thus protected). It amazes me some people think that's a bad thing.
28.
by cflynnus 4y ago
If you don't upgrade your client software you wont be able to transact w/ the new/forked ethereum network. Ok so maybe "upgrade your software or your funds remain locked" is more accurate. Still not good.
29.
by cflynnus 4y ago
"ultrasound" money is not money where the issuance and protocol rules can/do change at the direction of a core group of developers like they do in Ethereum
30.
by cflynnus 4y ago
Disagree. This is a centralized project forcing a set of breaking consensus rule changes on users. Literally "upgrade your software or your money is gone" Bitcoin has hard guarantees of user rights. Ethereum is a centralized proje

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