nmlnn

6 ms·

1.
by nmlnn 6y ago
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.
2.
by nmlnn 6y ago
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.
3.
by nmlnn 6y ago
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.
4.
by nmlnn 6y ago
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. Ultimately it's a ver
5.
by nmlnn 6y ago
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 shallower and the U
6.
by nmlnn 6y ago
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?
7.
by nmlnn 6y ago
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 energy
8.
by nmlnn 6y ago
*Citation Needed
9.
by nmlnn 6y ago
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 such only miner
10.
by nmlnn 6y ago
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 such only miner
11.
by nmlnn 6y ago
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 super
12.
by nmlnn 6y ago
How would they enforce such a ban?
13.
by nmlnn 6y ago
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, they
14.
by nmlnn 6y ago
Am I missing something? That's how their backups work currently
15.
by nmlnn 6y ago
Do people not realize they can run more than 1 messenger app at a time?
16.
by nmlnn 6y ago
> 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 putting government cam
17.
by nmlnn 6y ago
Sure, not until some entity gets over 50% of the stake
18.
by nmlnn 6y ago
Sure, you just need to trust people.
19.
by nmlnn 6y ago
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 value transactions to ha
20.
by nmlnn 6y ago
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 the US and China both.
21.
by nmlnn 6y ago
Failure to understand NgU.
22.
by nmlnn 6y ago
SEC deals with securities, bitcoin is not a security according to them. Ripple(XRP) is.
23.
by nmlnn 6y ago
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.
24.
by nmlnn 6y ago
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 hardest money ever
25.
by nmlnn 6y ago
> so what's going to stop someone coming along and saying "Hey, $X a share, I'll liquidate the BTC and hand it back to investors" when BTC has it's next dip? Maybe the fact that he has 72% of the voting rights an
26.
by nmlnn 6y ago
/s
27.
by nmlnn 6y ago
I think they mean a fork of the codebase.
28.
by nmlnn 6y ago
Technological advances can increase the gold supply. Asteroid mining, extracting it from sea water, mining lower quality deposits, etc. There still has to be consensus on using gold as money, if there isn't it will lose its monetary pr
29.
by nmlnn 6y ago
> can be trivially changed if certain people decide that it should This is simply not the case - see 2017 bitcoin cash fork or Segwit2X push. At the end of the day money is a human invention, meant to facilitate value exchange between hu
30.
by nmlnn 6y ago
https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...

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