tossl568

7 ms·

1.
by tossl568 3y ago
No it isn't. It has two use cases, a stablecoin platform and a platform for token scams. It's losing market share all the time to other rubbish like Solana. Why would anyone in their right mind hold chuck-e-cheese arcade token Eth
2.
by tossl568 3y ago
You think they're going to approve an ETF for a premined unregistered security scam? Ethereum is to Bitcoin as dogshit is to gold.
3.
by tossl568 3y ago
"How do I ensure I don't make any money from a flood of money pouring into an absolutely scarce digital asset" I'm sure your performative nocoinering will feel really good in a year when you're wrong yet again.
4.
by tossl568 3y ago
You think that all the Bitcoin believers who buy relentlessly each week without question will suddenlly stop if they can now get 3x as much BTC for their fiat? Oh my sweet summer child...
5.
by tossl568 3y ago
It can be if you want it to be https://graduallythensuddenly.xyz/pay-me-in-bitcoin-theory/
6.
by tossl568 3y ago
>Good, I hope they dump it suddenly and without warning. Aww do you? :'( A record amount of BTC not moved on chain for the long term has reached all time highs, "wash trading" or not, that can't be faked, it's be
7.
by tossl568 3y ago
I'm not talking about "crypto", I'm talking about Bitcoin. Bitcoin is not free to send or trade. The vast majority of Bitcoin is held by long term holders and hasn't moved on chain in years. Saving in hard money is
8.
by tossl568 3y ago
No it isn't.
9.
by tossl568 3y ago
The market cap of Bitcoin is hundreds of billions, and estimates put the number of people owning Bitcoin in the hundreds of millions. You can find the data yourself.
10.
by tossl568 3y ago
Yeah, and by doing so they got rid of 99.99% of their security and censorship resistance. PoS is Fiat 2.0. It's not worth mentioning in the same breath as Bitcoin, not that it ever was.
11.
by tossl568 3y ago
Cool. Buying more Bitcoin.
12.
by tossl568 3y ago
You've said a lot without making any real points there. How does allowing people to send small tipping amounts of Bitcoin for fun from their hot wallet mean "bad actors ruining things for the rest of us"? >Do you seriously
13.
by tossl568 3y ago
Anything else you want banned just because you don't like it authoritarian? If you don't like it just don't use it. You're financially privileged, just stick to your transactions your bank let you do and let other people
14.
by tossl568 3y ago
Why does sending Bitcoin peer to peer within an app offend you so much? Are there any other areas where you are this authoritarian?
15.
by tossl568 4y ago
Except he compares Bitcoin's irreversable final settlement transactions per seconds metric to Visa's tps which is more akin to the lightning network. Apples to Oranges.
16.
by tossl568 4y ago
Yep, Stephen Diehl is not somebody to be taken seriously
17.
by tossl568 4y ago
Bitcoin has grown to the size it has by people voluntarily opting in. And it continues to grow. What you desribe is happening.
18.
by tossl568 4y ago
Yes it is. And yes it will.
19.
by tossl568 4y ago
PoW is the only way to secure a decentralised ledger. It's literally the magic that makes it valuable as money. Thank God it'll never move away from Proof-of-Work.
20.
by tossl568 4y ago
Bitcoin
21.
by tossl568 4y ago
"ANY consumption is bad" You really aren't getting this are you. Energy in place A can't be magically transported to place B where it's needed for what you bless as acceptable usage. Bicoin miners aren't using
22.
by tossl568 4y ago
Bitcoin mining secures hundreds of billions of value for hundreds of millions of people going back to the very first transaction. It produces security, a forcefield around a financial system, and the miners get paid to do that.
23.
by tossl568 4y ago
Either the money is permissionless or it isn't. If everyone can use it that means people you don't like can too. Like the internet. If I can send packet to my friend with a message then so can a terrorist.
24.
by tossl568 4y ago
Not a good or desirable one in your opinion. It is absolutely good and desirable in my opinion to have neutral money that can be used by anybody but controlled by nobody. The US dollar is secured by military force which has a staggering ene
25.
by tossl568 4y ago
Bitcoin isn't going away. More people are putting their trust in it as their monetary standard every day, not less. Bitcoin, the asset and network are neutral. Scams on top of it, shitcoin affinity scams, or whatever "oodles of ot
26.
by tossl568 4y ago
Privacy on the base layer means the supply isn't auditable. Lightning network has sender privacy and improvements are being made to receiver privacy. I did smart contracts stuff on Rootstock yesterday. I don't need my base layer d
27.
by tossl568 4y ago
And that's only a problem if those energy sources are fossil fuels. Demand for renewables is a fantastic thing. Bitcoin is a pioneer species, it will use that energy when there's literally no other economically viable use.
28.
by tossl568 4y ago
"it takes away power from a grid that is then replaced by non-renewable energy." This idea/delusion that energy that is used for mining should and could have been used for something else. It's just not the case.
29.
by tossl568 4y ago
A monetary unit that can't be debased running on an open, permissionless financial network anybody can use is the use-case. The big and only use case. Research suggests less than 1% of "crypto" usage is for criminal activity.
30.
by tossl568 4y ago
Bitcoin is money, digital scarcity only needed to be invented once. Shitcoins are scams. LN is growing fast on a solid hard money layer 1 foundation.

More ›