disruptalot

7 ms·

1.
by disruptalot 3y ago
Recently there has been a trend of inscribing data on the bitcoin chain representing issuance of new assets and in some cases media (images etc.). Keywords here are "inscriptions" "ordinals" "brc-20" The specul
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by disruptalot 3y ago
Why do games have to use so much electricity? They should be fine with a few kb of storage and maybe some minimal networking. Back in the day games were completely fine and playable in tiny cartridges. Games should be regulated to not consu
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by disruptalot 3y ago
You may be misreading the effects - Bitcoin is trading above what it traded yesterday, and 50% higher than october.
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by disruptalot 3y ago
You highlight a bunch of examples where government policy/implementation has failed miserably in the backdrop of higher and higher demand from it. I wonder how far this needs to stretch before we realise that the problem isn't tha
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by disruptalot 3y ago
It makes perfect sense. McDonalds did something unconventional and apparently popular. People that found that valuable send the strongest signal you can send in an economy - money. "Corporate profits" take a look at the bank and t
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by disruptalot 4y ago
"Karen" Context: "This term is used to ridicule or demean a certain group of people based on their behaviors." Consider using: "demanding or entitled White woman" This example is truly a tell all for this movem
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by disruptalot 4y ago
Alternatives: - Crypto is being used and abused by people and purposes that don't need it. - Fundamental practices haven't matured yet.
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by disruptalot 4y ago
This was a failure of traditional financial institutions and people who are ok with them, not of crypto. Satoshi wouldn't be encouraging people to put their coins on a trusted third party like that. All fundamental crypto values say th
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by disruptalot 4y ago
It's an open hiring board. Who is going to fairly judge the openings without falling into some sort of bias? Actually I can barely find any crypto posts on the hiring threads. Maybe 5%.
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by disruptalot 4y ago
Speaking personally, they might be concise and precise but the arguments are nothing new and too often have simple counter arguments. That's the reason they're not addressed, there really is no reason to except to directly address
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by disruptalot 4y ago
> Owns enough to influence the market Meaning acquiring it fairly from the market? As compared to fiat currencies, which can be issued and moved around with the snap of a finger. That's a net improvement.
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by disruptalot 4y ago
Consuming energy is a requirement for it to provide its stated benefits. If you're able to conjure the protocol which doesn't require PoW and still maintains the characteristics, you would be welcomed with open arms.
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by disruptalot 4y ago
Valid point. As cash and savings there's no reason to accept the IOU. At which point you need access to credit you can move to that world.
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by disruptalot 4y ago
Why would people accept bitcoin IOUs when the real thing is more interoperable, saleable, private etc.etc. and of course doesn't require trust in the issuer. The answer is force [0] [0] https://en.m.wikipedia.org/wiki&#
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by disruptalot 4y ago
Bitcoin continues to inflate until ~2140. The difference is that it inflates in a predictable curve and is not subject to the decisions of central bankers. Inflationary policies also have a very tight link with speculation in the economy. Y
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by disruptalot 4y ago
I assume by "Monetary crank-ism" you mean scepticism of the dominant economic playbooks. That is very different from investment bubbles which the parent is talking about. You can call it crank-ism if you want, but the movement beh
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by disruptalot 4y ago
Sorry I actually meant to link that Opensea page but then forgot. If you look at the bottom of that page [1], you'll see the events recorded by opensea. Also enable "Listing" in the filter. You'll see that there is a tra
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by disruptalot 4y ago
The conceptions of what happened is so completely removed from reality and it's disheartening to see commenters blinded by the hate for crypto stuff to the extent that they don't even bother to concern the details Let's look
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by disruptalot 4y ago
This almost reads like satire. Banks and credit card companies are exactly not neutral , this is perhaps the only widely understood reason Blockchains and cryptocurrencies exist. Which bank or cc company is going to jump on the opportunity
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by disruptalot 4y ago
Is there anything really inherent in Austrian economics about ignoring evidence? Hate to be that guy (source???), but this doesn't match up at all with my impression of the difference factions in economics. If anything, the economists
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by disruptalot 5y ago
Where is it illegal to exchange assets p2p? Or better yet, what is the enforcement history?
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by disruptalot 5y ago
> By collating all such timestamps, Ndinga’s firm can aggregate the cost basis for every bitcoin transaction on record. If i'm understanding the methodology here, the assertion that it translates to investors is really flawed. You c
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by disruptalot 5y ago
Most look like they have something to do with copyright and disagreements rather than controversy.
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by disruptalot 5y ago
> Instead you have hyperdeflation. Wonderful. How and where? At worst, it's gradual and predictable. Where is the central planning of the bitcoin supply? Hyperinflation on the other hand is as a direct result of the control of a few
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by disruptalot 5y ago
> Genuinely curious: what issues are you specifically referring to? When central bank/governments lose control or get greedy you end up with hyperinflation. Should I go into examples of how hyperinflation has been catastrophic? >
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by disruptalot 5y ago
> Moderate inflation is a feature not a bug. It drives investment and increases the money supply. It fundamentally isn't as simple as inflation good, no inflation bad. It's all fine and dandy until central banks lose control an
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by disruptalot 5y ago
Take a look at the internal transactions. Within the last 24h, there's been several transactions where new ETH has been wrapped and sent to the contract. The balance is ~120k WETH now which is around the same amount as the hack.
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by disruptalot 5y ago
Where is the evidence? I think it's extremely important that mass media organisations are held accountable to what they publish, given their reach. As such I always wonder if there is a collection of revisions that major news articles
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by disruptalot 5y ago
Anything can be done using a fork. But the days of a chain (read as "only bitcoin & ethereum") doing any kind of deep state change and coming out the other side as the winning fork are done. The stake holders are so diverse an
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by disruptalot 5y ago
The parent might be conflating inflation with the price of Ethereum going up? It's a common perception. But at least in the crypto world, inflation is understood as the value of the currency going down.

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