npoc

6 ms·

1.
by npoc 5d ago
So have I, but they don't have any of my data.
2.
by npoc 1mo ago
In what way is energy usage in creating money a negative? e.g. If money took no energy to create, what would it be worth? What if you limited its effortless creation to just a few people? What do you think about the enormous energy usage (
3.
by npoc 5mo ago
Why is saving up negative?
4.
by npoc 5mo ago
You crucially missed the "halving" out of that model. The block reward halving every 4 years means that in 3 halvings (8-12 years), miners will spend roughly the same on electricity at $1M/BTC as they do now at $125k/BTC
5.
by npoc 7mo ago
Why would anyone accept a private key as payment? It's not very private if you gave it to me.
6.
by npoc 7mo ago
Too difficult to audit the total supply, and tail emission. Bitcoin is anonymous enough while remaining fully auditable (nobody secretly printing it out of thin air) and perfectly scarce. If you think it's one of the least interesting
7.
by npoc 8mo ago
He's a guy who understands the fundamental attributes of money and economic value, and enough technical know-how to have confidence in Bitcoin's design Financial experts (of whom many don't get bitcoin) understand finance.
8.
by npoc 8mo ago
My brain isn't capable of the mental gymnastics performed here.
9.
by npoc 8mo ago
It's a shame about the tail-emission and the difficulty in auditing the total supply
10.
by npoc 8mo ago
No money is more efficient than bitcoin.
11.
by npoc 8mo ago
decades
12.
by npoc 8mo ago
Shame about it's tail emission and poor supply audit-ability
13.
by npoc 9mo ago
My claims not only support my conclusion but they're also in the public domain. The only story is your condescending description of my reply. So again, as I said, please GFY.
14.
by npoc 9mo ago
I explained the evidence very clearly in my last answer. You're clearly not acting in good faith. You try and help people on here and this is what you get every time. GFY.
15.
by npoc 9mo ago
Fiat currencies are collapsing in value. It's a fact. Price fiat in any hard asset like gold, real estate, bitcoin etc and it's obvious to see. The devaluation can be seen to be almost directly linked to the increase in the suppl
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by npoc 9mo ago
How are you measuring the value of gold? How are you sure it's not the value of the quote asset that fluctuating wildly. If everything was priced in gold do you really think that the prices of everything would fluctuate wildly? For wha
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by npoc 9mo ago
"Cointelegraph was unable to independently verify the owner of the new wallet"
18.
by npoc 9mo ago
Evidence that just because you learnt about bitcoin early, it doesn't mean you understand how it fits into the world. It seems some people simply aren't cut out to understand it. Bitcoin appears to them as some weird Ponzi scheme
19.
by npoc 9mo ago
You are not considering the fundamental monetary qualities of bitcoin, only the current market.
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by npoc 9mo ago
Not at all. It naturally stabilises the closer it gets to its ultimate market cap. The more it stabilises the more it will be used as a medium of exchange.
21.
by npoc 9mo ago
I guess bitcoin is not for you.
22.
by npoc 9mo ago
Fiat currency: Why would I hold a currency that another nation sucks the value out of by printing it? Even the dollar has half its value stolen every decade. Gold stock above ground doubles every 40ish years, halving it's value each ti
23.
by npoc 9mo ago
Is monopoly money a threat to the dollar? Does Hasbro need to report to the Fed how much it has issued each year? People will only hoard hard money until they need to buy things after they've run out of the state's fiat tokens to
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by npoc 9mo ago
It depends how you measure value. By stabilise I mean stops growing in value by 50%/yr with big short term swings of 80%. As it matures and gets close to it's ultimate value, volatility will naturally reduce. Once it is used as th
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by npoc 9mo ago
Okay, so it's an attack vector but one that can be mitigated against by implementing redundancy. I would argue that Lightning's biggest security issue is having to store your private keys on an Internet connected device. I don&#x2
26.
by npoc 9mo ago
To become a medium of exchange, it needs to become a unit of account. That will happen as it's value stabilises, and that will only happen once it's proved itself as a store of value. What if Henry Ford evisaged his Model T being
27.
by npoc 9mo ago
"Monetary policy" in reality simply means printing more money than is ever destroyed. It's human nature and always will be. This means bitcoin's average price will go up forever when priced in fiat tokens. Or anything
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by npoc 9mo ago
You say bitcoin is "so silly". Please give me an example of anything better for nation states to hold as reserves and to transact with other nations with. I'll even allow you an imaginary thing as long as it's constraine
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by npoc 9mo ago
You could also say that the bad guys are "piggy-backing" off the good people who hold it. What should you do? Censor their transactions? Who gets to say who gets censored? Like democracy, bitcoin is for everyone, including your en
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by npoc 9mo ago
You're clearly someone who doesn't agree with the quantitive theory of money.

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