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OfflineWhoManBeing
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Why BitCoin? I don’t understand
    #26905294 - 08/28/20 11:53 PM (3 years, 4 months ago)

Isn’t money fine and safe in a bank?

Don’t you have to use bank card to purchase bitcoin?

I read of it yet don’t understand why be of any benefit to transactions.

If I have to use bank card to purchase bitcoins why not just use bank payments?

All I understand is that you the coins can’t be detected where sent, ok. Do you think these mobile devices can’t easily be recorded nor viewed by anyone at any given time?

Who are we fooling?  Please fill me in.

I out for tonight. Will check back later.


--------------------
Hip, hip... WhoRAy!!!

Eye was thinking the other day...  ahh, thinking never done me no good.



Edited by WhoManBeing (08/29/20 12:02 AM)


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OfflineWhoManBeing
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Re: Why BitCoin? I don’t understand [Re: WhoManBeing]
    #26905733 - 08/29/20 09:31 AM (3 years, 4 months ago)

For instance, you ever read the article of the Dark Web seller of opium?  Was an interview. He was saying of how he began by stealing poppies from a Bayer company poppy field. That lead to he being top seller of opium on dark web. As interviewer left, the kingpins men dropped interviewer off right at a Bayer Aspirin commercial marketing ad. 

White market. Black market. It’s all the same.

I believe that Tor for computer and idea to cryptocurrency just some cheese in the rat maze for those who want to run through those walls of heiroglyphics.

For at any moment one can view your computer screen weather you enable the fire wall or not.

These technological devices are not the lay mans dumb see as is it is. Too easily the front of shop has a whirl of fun behind it i.e. Bayer, Coca-Cola, Pepsi, on and on, the American government and this corona virus.


--------------------
Hip, hip... WhoRAy!!!

Eye was thinking the other day...  ahh, thinking never done me no good.



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OfflineHamHead
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Re: Why BitCoin? I don’t understand [Re: WhoManBeing]
    #26906152 - 08/29/20 02:35 PM (3 years, 4 months ago)

Scarcity.

Dollars are being printed, both digitally and physically.

Gold standard, coming in.


--------------------
The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February.

https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF

This online first version has been peer-reviewed, accepted and edited,  but not formatted and finalized with corrections from authors and proofreaders

https://www.icandecide.org/


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OfflineWhoManBeing
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Re: Why BitCoin? I don’t understand [Re: HamHead]
    #26906185 - 08/29/20 03:03 PM (3 years, 4 months ago)

Hey man. Now that makes sense a bit. But doesn’t. The bitcoin seems as some other capitalist ploy to aid those who follow, just another bank.

Makes no cents to me.

Scarcity, if was to keep that in the banks it would just be numbers there too! 

Maybe using the bitcoin supports the new wave of idealism that can come about by those who control operations by use of third party existence.

Heeblah jeeblah


--------------------
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Eye was thinking the other day...  ahh, thinking never done me no good.



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OfflineKryptos
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Re: Why BitCoin? I don’t understand [Re: WhoManBeing] * 2
    #26906694 - 08/29/20 09:00 PM (3 years, 4 months ago)

Bitcoin is an attempt to create a fiat currency that is backed by itself, instead of a government.

USD has value because the US government says it has value. Bitcoin has value because the blockchain says it has value, and, by extension, bitcoin miners say it has value. There isn't a central authority that dictates that value.

The fact that it has been used to process illicit transactions is irrelevant. I buy weed with USD regularly. I have also used bitcoin to buy MDMA, and I have used USD to buy MDMA. That doesn't really matter.

Gold standard is stupid.


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OfflineHamHead
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Re: Why BitCoin? I don’t understand [Re: Kryptos]
    #26908800 - 08/30/20 09:24 PM (3 years, 4 months ago)

We'll be on a gold standard soon. Dollars are going to shit as they print them out their ass.

BTC is worth what people are willing to pay, similar to most things.

There's only so many BTC available, similar to gold. Scarcity drives value.

Too many dollars and we see gold, silver, BTC going bullish.


--------------------
The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February.

https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF

This online first version has been peer-reviewed, accepted and edited,  but not formatted and finalized with corrections from authors and proofreaders

https://www.icandecide.org/


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OfflineIce9
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Re: Why BitCoin? I don’t understand [Re: HamHead]
    #26910931 - 08/31/20 10:27 PM (3 years, 4 months ago)

Bitcoin, and most importantly the blockchain was actually a solution to the long standing computer problem known as the Byzantine Generals problem.


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The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


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OfflineBrian Jones
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Re: Why BitCoin? I don’t understand [Re: Ice9]
    #26913244 - 09/02/20 06:47 AM (3 years, 4 months ago)

Great. Cause I was already completely confused about this whole thing.

I can't figure out if the allure was use it to buy drugs on the internet, or because it cuts out the government, or it's like a growth stock that you invest in for high returns.


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

The worst thing about corruption is that it works so well,


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OfflineKryptos
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Re: Why BitCoin? I don’t understand [Re: Brian Jones] * 1
    #26914173 - 09/02/20 05:32 PM (3 years, 4 months ago)

All three, to an extent. First one, now mostly the third, and with any luck, the second in the near future.

This is true of any currency, however.


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OfflineWhoManBeing
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Re: Why BitCoin? I don’t understand [Re: Kryptos]
    #26923763 - 09/07/20 08:32 PM (3 years, 4 months ago)

Figuring. Bitcoin like a bank system. Someone opened ‘bank’, bitcoin and got filthy rich. Yes


--------------------
Hip, hip... WhoRAy!!!

Eye was thinking the other day...  ahh, thinking never done me no good.



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Invisiblebadchad
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Re: Why BitCoin? I don’t understand [Re: Kryptos]
    #26929455 - 09/11/20 06:53 AM (3 years, 4 months ago)

Quote:

Kryptos said:
Bitcoin is an attempt to create a fiat currency that is backed by itself, instead of a government.

USD has value because the US government says it has value. Bitcoin has value because the blockchain says it has value, and, by extension, bitcoin miners say it has value. There isn't a central authority that dictates that value.





This right here. The US government says "this dollar has value."  In turn, 330 million Americans all say "thats cool, yeah, we all agree with the government that this dollar has value."

Same with bitcoin, except it's basically the internet saying "hey, lets all agree these bitcoins have value."  It's not much different than the US dollar, but consider the number of cryptos that are popping up.  Why is bitcoin the most valuable versus all the others?  No different than people randomly deciding pokemons are valuable.  At least the US dollar is backed by the government.  Whether you trust the feds more than the internet is up to you.


--------------------
...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436


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OfflineBrian Jones
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Re: Why BitCoin? I don’t understand [Re: badchad]
    #26931113 - 09/12/20 02:01 AM (3 years, 4 months ago)

Actually the whole world agrees that the U.S. dollar has value. It wont be that way forever.

I'm not sure exactly what it means to say "at least the U.S. dollar is backed by the government". It's backed by faith and trust that the U.S. will continue to honor it's debts. That's OK for now.


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

The worst thing about corruption is that it works so well,


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Invisiblebadchad
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Re: Why BitCoin? I don’t understand [Re: Brian Jones]
    #26931319 - 09/12/20 07:42 AM (3 years, 4 months ago)

Quote:

Brian Jones said:


I'm not sure exactly what it means to say "at least the U.S. dollar is backed by the government". It's backed by faith and trust that the U.S. will continue to honor it's debts. That's OK for now.




I mean, its the federal government that says:  "this note is legal tender for all debts public and private."  The US will support and back its currency.


--------------------
...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436


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OfflineBrian Jones
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Re: Why BitCoin? I don’t understand [Re: badchad]
    #26932061 - 09/12/20 03:59 PM (3 years, 4 months ago)

They will now. But if we keep raising the deficit and printing more money, the system could unravel. Think of other countries where their money became nearly worthless.

This gets above my paygrade, but when other country's economy's surpass ours, first China and then India, I'm guessing confidence in our currency starts to erode. Probably, hopefully, it will be more gradual than sudden, if it happens.

At some point, we wont be the world's model for economic development. During the cold war the Soviet Union was our military rival, but they were never our economic rival, and we attributed this to communism being inherently economically stagnating. Now China has created some synthesis or merger of communism and capitalism, and it appears to be a world beater.


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

The worst thing about corruption is that it works so well,


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OfflinegeokillsA
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Re: Why BitCoin? I don’t understand [Re: badchad]
    #26934861 - 09/14/20 10:00 AM (3 years, 4 months ago)

Quote:

badchad said:
Why is bitcoin the most valuable versus all the others?  No different than people randomly deciding pokemons are valuable.  At least the US dollar is backed by the government.  Whether you trust the feds more than the internet is up to you.




I see where you're going with the above comment, however it is important to note that bitcoin's network effect is what drives its dominance.  It is not simply "the internet" that decided bitcoin has value or should be the dominant form of cryptocurrency, it is the sum collective of network participants, those running mining rigs (which these days entails considerable capital investment and ongoing energy expense), as well as those running full nodes to confirm and preserve the network's ledger.

The beauty of bitcoin is its trustless, borderless nature.  No one person (let alone government) can exact control over the network.  Thus, it is relatively immune to financial engineering and certainly immune to unpredictable inflationary pressures.  It will remain functional so long as people around the world choose to use it, and it becomes stronger and less susceptible to manipulation the more people are using it, hence the aforementioned network effect.

As this network effect grows and people become more comfortable transacting within the bitcoin ecosystem without transferring their value back into or out of their local fiat currency, the privacy nature of bitcoin will also increase, as until you link a wallet with the legacy financial system by way of transferring into or out of fiat, or use a third party custodial account (such as an exchange wallet), your transactions can remain anonymous.  Further, you can carry your entire wealth with you wherever you go, without anyone knowing about it or being able to steal it short of torturing you to extract the knowledge of your private key.

In effect, bitcoin is a first mover in a more equitable monetary system.  There are drawbacks, but these are mostly related to the need for increased awareness of personal security on behalf of the user, since transactions cannot be reversed if you are defrauded.  Secondary drawbacks include lack of world wide web connectivity, although this becomes less of a concern everyday, as multiple carriers come online and global satellite systems are beginning deployment.


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...π╥ ╥π...


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Invisiblebadchad
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Re: Why BitCoin? I don’t understand [Re: geokills]
    #26934945 - 09/14/20 10:36 AM (3 years, 4 months ago)

Quote:

geokills said:
I see where you're going with the above comment, however it is important to note that bitcoin's network effect is what drives its dominance.  It is not simply "the internet" that decided bitcoin has value or should be the dominant form of cryptocurrency, it is the sum collective of network participants, those running mining rigs (which these days entails considerable capital investment and ongoing energy expense), as well as those running full nodes to confirm and preserve the network's ledger.

The beauty of bitcoin is its trustless, borderless nature.  No one person (let alone government) can exact control over the network.  Thus, it is relatively immune to financial engineering and certainly immune to unpredictable inflationary pressures.  It will remain functional so long as people around the world choose to use it, and it becomes stronger and less susceptible to manipulation the more people are using it, hence the aforementioned network effect.






Is this different than other cryptos?  I know very little about cryptos, but I feel like more and more are popping up constantly.  Doesn't the rise of tons of cryptos threaten the market?


--------------------
...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436


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OfflineKryptos
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Re: Why BitCoin? I don’t understand [Re: badchad]
    #26934977 - 09/14/20 10:52 AM (3 years, 4 months ago)

Quote:

geokills said:
it is the sum collective of network participants, those running mining rigs (which these days entails considerable capital investment and ongoing energy expense)




The increase in startup costs is the only thing that worries me about bitcoin. It is still susceptible to a 51% attack, and the more expensive it is to get into the mining game, the more likely the chances.

Quote:

badchad said:
Is this different than other cryptos?  I know very little about cryptos, but I feel like more and more are popping up constantly.  Doesn't the rise of tons of cryptos threaten the market?




Not really. Bitcoin has the brand recognition of being first, though, which is one of its strengths.


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OfflinegeokillsA
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Re: Why BitCoin? I don’t understand [Re: badchad]
    #26935655 - 09/14/20 05:44 PM (3 years, 4 months ago)

Quote:

badchad said:
Is this different than other cryptos?




Yes and no.  There are certainly other decentralized crypto platforms that operate under the same basic tenets as bitcoin (some are direct copies of bitcoin's code with only minor modification - e.g. bitcoin cash/BCH), but there are also many crypto platforms that are semi or fully centralized as well, either through a delegation process that allows for semi-centralized control amongst a relatively small group of delegated validators (e.g. EOS), or an outright proprietary ownership structure where all validating nodes are operated by a single entity (e.g. Ripple/XRP).  There are tradeoffs, as the fewer trusted nodes required for a network to operate, the quicker transactions can be validated and thus throughput increases drastically.  The problem with that is, you're essentially mimicking the existing financial system at that point.


Quote:

I know very little about cryptos, but I feel like more and more are popping up constantly.  Doesn't the rise of tons of cryptos threaten the market?




I doubt it.  As an emerging market, there will be many attempts to play the different use cases, and almost as many failures throughout the process.  Consider the "dot com" era of the late 90's.  A lot of big ideas, a big rush of investor monies, and ultimately a whole lot of failures.  But the "dot com" phenomena didn't go anywhere, and after the failed ideas were weeded out, the remaining operators were able to grow into, quite literally, the world's largest and most valuable companies (e.g. Apple, Amazon, Google, et al).


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OfflinegeokillsA
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Re: Why BitCoin? I don’t understand [Re: Kryptos]
    #26935674 - 09/14/20 05:56 PM (3 years, 4 months ago)

Quote:

Kryptos said:
Quote:

geokills said:
it is the sum collective of network participants, those running mining rigs (which these days entails considerable capital investment and ongoing energy expense)




The increase in startup costs is the only thing that worries me about bitcoin. It is still susceptible to a 51% attack, and the more expensive it is to get into the mining game, the more likely the chances.




I disagree.  Although the expense of application specific integrated circuits (ASIC's) for use in proof of work networks like bitcoin does take away some of the power from the average participant, bitcoin's network is so large that is seems increasingly unlikely that it will fall prey to a 51% attack, particularly as major industrial players in the electrical industry are getting involved, and nation states are also stepping in to support mining operations as an ancillary revenue source.  In essence, there are so many players at this point, that it would be prohibatively expensive for anyone to amass the resources to enact a 51% attack.  The only black swan scenario I could see that would allow it, were if a country like China, which controls a collectively significant portion of the global hashrate, were to locate all miners in its jurisdiction and enact government control to attempt such an attack.  I just don't see it happening, nor worth the resources required.

In truth, it is the smaller networks that are at great risk.  We have seen this recently with Ether Classic (ETC), where a nefarious party rents hashpower on cloud computing networks for a few hundred thousand dollars and walks away with a few million dollar payload in double-spend attacks against exchanges (smaller networks have been attacked with less than $50K in resources -- although the payout is likewise considerably lower).  The fewer the participants and the less expensive it is to mine, the easier it becomes to stage a 51% attack.  It is worth noting that there are mitigation strategies being discussed that can reduce the damage when such attacks occur.


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--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


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OfflineIce9
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Re: Why BitCoin? I don’t understand [Re: geokills]
    #26936208 - 09/15/20 12:26 AM (3 years, 4 months ago)

It takes 3 nuclear power plants out put to support the bitcoin blockchain right now... this unsustainable and will eventually be it's undoing.


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


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OfflineKryptos
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Re: Why BitCoin? I don’t understand [Re: Ice9]
    #26936356 - 09/15/20 04:33 AM (3 years, 4 months ago)

Quote:

geokills said:
Quote:

Kryptos said:
Quote:

geokills said:
it is the sum collective of network participants, those running mining rigs (which these days entails considerable capital investment and ongoing energy expense)




The increase in startup costs is the only thing that worries me about bitcoin. It is still susceptible to a 51% attack, and the more expensive it is to get into the mining game, the more likely the chances.




I disagree.  Although the expense of application specific integrated circuits (ASIC's) for use in proof of work networks like bitcoin does take away some of the power from the average participant, bitcoin's network is so large that is seems increasingly unlikely that it will fall prey to a 51% attack, particularly as major industrial players in the electrical industry are getting involved, and nation states are also stepping in to support mining operations as an ancillary revenue source.  In essence, there are so many players at this point, that it would be prohibatively expensive for anyone to amass the resources to enact a 51% attack.  The only black swan scenario I could see that would allow it, were if a country like China, which controls a collectively significant portion of the global hashrate, were to locate all miners in its jurisdiction and enact government control to attempt such an attack.  I just don't see it happening, nor worth the resources required.

In truth, it is the smaller networks that are at great risk.  We have seen this recently with Ether Classic (ETC), where a nefarious party rents hashpower on cloud computing networks for a few hundred thousand dollars and walks away with a few million dollar payload in double-spend attacks against exchanges (smaller networks have been attacked with less than $50K in resources -- although the payout is likewise considerably lower).  The fewer the participants and the less expensive it is to mine, the easier it becomes to stage a 51% attack.  It is worth noting that there are mitigation strategies being discussed that can reduce the damage when such attacks occur.




I don't think this is an example of eternal balance, or a system that is inherently trending towards decentralization. To somewhat butcher your dot com example above, we're in the post-crash period of the early 2000s. The Apple and Amazon of Bitcoin haven't become apparent yet, but as bigger player enter the game, such as power companies and governments, I think we might be seeing the beginnings of an Apple/Amazon type player.

Ultimately I agree with all of your points, in that a 51% attack on bitcoin is not currently worth it, and that it is much more resistant to a 51% attack than a smaller and less decentralized network, but I am mentally appending "for now" to each of those statements. On a long enough time line, any nonzero probability collapses to one.

Quote:

Ice9 said:
It takes 3 nuclear power plants out put to support the bitcoin blockchain right now... this unsustainable and will eventually be it's undoing.




Sounds like we need to build a bigger nuclear power plant.


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OfflinegeokillsA
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Re: Why BitCoin? I don’t understand [Re: Ice9]
    #26936745 - 09/15/20 10:10 AM (3 years, 4 months ago)

Quote:

Ice9 said:
It takes 3 nuclear power plants out put to support the bitcoin blockchain right now... this unsustainable and will eventually be it's undoing.




Perhaps so, or perhaps not.  While bitcoin's proof of work validation process does require a significant amount of energy, there is a LOT more energy available to us than we are using (and a lot of smarter, renewable or otherwise non-damaging energy at that).

I touched on power companies earlier... a lot of fossil fuel producers for example, are constantly burning off excess fuel that they cannot store or deliver.  Excess energy is often wasted at almost any municipal energy production facility where generators ratchet up power production in relatively large increments depending on demand, and they have to produce at or above the current load requirements to avoid outages.  Major hydroelectric projects can also produce tremendous amounts of excess power in wet seasons, which can likewise be repurposed (and indeed already has been in some areas of China in particular) to power mining rigs that secure the bitcoin network.  The ongoing transition to wind and solar power could also satisfy practically all of our species' power requirements, once the transmission and storage infrastructure is online.

My home state of California is planning to run entirely on zero-emission energy by 2045, and our current governor just made mention last week that he wants to move up that timescale even more aggressively on account of the warming trends and extreme fire seasons we have been experiencing.

Point being, while the energy argument surrounding bitcoin's use tugs on the long running concerns surrounding our population's generally selfish use of limited earthbound resources and the pollution that has come with our aging technologies, our energy systems are evolving to produce less stressful impact upon our environment.  Likewise, cryptocurrency itself is evolving to become more efficient, through the use of layer two solutions that only periodically need to sync with the main blockchain in consolidated increments.

I mean shoot, if we're going to get real meta on this... humanity itself is unsustainable.


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Re: Why BitCoin? I don’t understand [Re: WhoManBeing]
    #26982683 - 10/13/20 12:54 AM (3 years, 3 months ago)

from what I understand bitcoins attain their value from laundered money....doesnt seem like a good long term investment considering current political tensions


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Re: Why BitCoin? I don’t understand [Re: Cherk]
    #26988112 - 10/16/20 09:18 AM (3 years, 3 months ago)

US real estate is probably the most important method of laundering money over the last two decades, and yet "buy a house and build wealth" is the primary long term investment method propagated by US society.

Just because something is being used to launder money, does not make it a bad asset. As a matter of fact, it probably means that asset will outperform the general market, due to the influx of illegal cash. If anything, evidence of money laundering is a good reason to buy.


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OfflineSynKyd
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Re: Why BitCoin? I don’t understand [Re: Kryptos]
    #26989756 - 10/17/20 08:53 AM (3 years, 3 months ago)

For money to be laundered it needs to be converted out of Bitcoin, which is what the governments are making harder to do.  It is a speculative investment at this time, no doubt.


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OfflineCherk
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Re: Why BitCoin? I don’t understand [Re: Kryptos]
    #27000551 - 10/23/20 09:44 PM (3 years, 3 months ago)

Quote:

Kryptos said:
US real estate is probably the most important method of laundering money over the last two decades, and yet "buy a house and build wealth" is the primary long term investment method propagated by US society.

Just because something is being used to launder money, does not make it a bad asset. As a matter of fact, it probably means that asset will outperform the general market, due to the influx of illegal cash. If anything, evidence of money laundering is a good reason to buy.




yes but how do I get paid to have sex?


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OfflineJonBa
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Re: Why BitCoin? I don’t understand [Re: Cherk]
    #27043818 - 11/17/20 12:43 PM (3 years, 2 months ago)

There is a theory I heard once that most goverments are worried about mass use of many drugs, but not concerned about their use by a small number of people.
While all these software jumping through hoops and doing all sorts of protocol might actually be fruitless because anyone with enough power can just see through it all anyway, it does demonstrate the person is willing to go through the effort, so access to the chemicals remains gatekept.

They don't like the street dealers because they will make things more easily accessible with less effort, but you know for a fact the agents who go bust the street dealers for selling cannabis are themselves regularly taking coccaine.
Some even seem to feel comfortable bragging about being high on weed while in a courtroom fighting to put some working class kid in prison for smoking weed.

Maybe bitcoin and tor and VPNs and all that are ultimately pointless, and maybe the illegal and legal drug companies are all taking coke and drinking overpriced wine in the same social clubs, but maybe it's more about gatekeeping and minimisation than it is about actually stopping people doing it.


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OfflineLoaded Shaman
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Re: Why BitCoin? I don’t understand [Re: Kryptos]
    #27044771 - 11/18/20 01:18 AM (3 years, 2 months ago)

Quote:

Kryptos said:
Bitcoin is an attempt to create a fiat currency that is backed by itself, instead of a government.




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"Real knowledge is to know the extent of one’s ignorance." — Confucius


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