Comment Re:Are the vaccines (Score 1) 334
You are right a lot of misinformed people are out there, they should be educated, for instance this CEO: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ftwitter.com%2FEmeraldRob...
Comment Re: I guarantee (Score 1) 334
Is this video inaccurate? https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ftwitter.com%2FChannel4Ne...
Comment Re:One more Shitcoin! (Score 1) 70
Gold was money; Gold was equivalent to the USD when the USD was sound. In other words, a sound money is not something that could be defined in fiat terms.
An unsound money, is a money that could be debased, at will, through inflation.
Here is the reason Gold was sound money: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fingoldwetrust.report%2Ft...
Visa is a payment network; Visa is not a money.
An unsound money, is a money that could be debased, at will, through inflation.
Here is the reason Gold was sound money: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fingoldwetrust.report%2Ft...
Visa is a payment network; Visa is not a money.
Comment Re:One more Shitcoin! (Score 1) 70
You are a loser...
Indeed, Gold was centralized until the money became pure fiat. This process happened between WWI and 1971.
A similar process happened with the fall of the Roman Empire: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ftwitter.com%2Fdrew_macma...
Bitcoin is the closest thing we have to a perfect sound money. This makes Bitcoin 1000x better than Gold. A sound money should be hard to produce. In other words, a fiat currency that could be printed to infinity with a simple keyboard, can't even compete with Gold, and Gold is obsolete... "Proof of Work" is what makes Bitcoin Sound, and state level resistant!
F.A. Hayek in 1984: "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."
Indeed, Gold was centralized until the money became pure fiat. This process happened between WWI and 1971.
A similar process happened with the fall of the Roman Empire: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ftwitter.com%2Fdrew_macma...
Bitcoin is the closest thing we have to a perfect sound money. This makes Bitcoin 1000x better than Gold. A sound money should be hard to produce. In other words, a fiat currency that could be printed to infinity with a simple keyboard, can't even compete with Gold, and Gold is obsolete... "Proof of Work" is what makes Bitcoin Sound, and state level resistant!
F.A. Hayek in 1984: "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."
Comment Proof of stake = Regular database model (Score 4, Informative) 195
Proof of stake is viable only with full centralization.
In a PoS system, participants are incentivized to compute the most advantageous state for themselves, because it costs nothing to do so.
This is solved, in the current implementations, with a node more equal than the others. In other words, the security model is the same as our regular centralized databases.
In a PoS system, participants are incentivized to compute the most advantageous state for themselves, because it costs nothing to do so.
This is solved, in the current implementations, with a node more equal than the others. In other words, the security model is the same as our regular centralized databases.
Comment Re:Local root exploit ... who cares (Score 2) 94
The linux kernel is modular; If you don't activate everything (iSCSI...), you are fine!
Comment Re:Well... (Score 0) 166
Post 1971 monies are by definition a con; This is reason why people like Bill Gate would have been unable to maintain his wealth without the Fed and the Cantillon Effect.
Comment Re:Innovation vs scams (Score 3, Interesting) 129
Could you at least prove that Ethereum is not a scam? Only short-term traders (or paid shills) are trying to push this. This makes the point that this is non investment grade digital asset.
Comment Re:So who's going to buy IBM? (Score 1) 73
It makes sense, only if they don't have the proper engineering knowledge. Otherwise, this is the same as trying to sell an airplane propeller, as the final and only product, while ignoring everything else composing the plane.
Cryptocurrencies are not the significant application. As a matter of fact 99.99% of these cryptocurrencies are not decentralized, and are only reinventing the concept of database.
Cryptocurrencies are not the significant application. As a matter of fact 99.99% of these cryptocurrencies are not decentralized, and are only reinventing the concept of database.
Comment Re:Wat we really need, (Score 2) 202
Blockchain? The hype of 2017 is long gone, you should read this thread: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ftwitter.com%2FudiWerthei...
Comment Money is already digital! (Score 1) 86
Who cares about a new digital money (CBDC) likely designed to remove any privacy.
Comment Are you defending our monetary policy? (Score 1) 135
Instead of defending Bitcoin, ask people to defend a monetary policy that REQUIRES endless printing and manipulation.
https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ftwitter.com%2FJeffBooth%2F...
https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Ftwitter.com%2FJeffBooth%2F...
Comment Hard Money: Money hard to make! (Score 2) 42
Comment Most people can't understand money (Score 1) 93
Why do you think Gold was money for 1000+ years?
WWI was the end of the Classical Gold Standard; 1971 is the real beginning of our today fiat currencies.
Here is the economic consequences: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fwww.linkedin.com%2Fpulse...
WWI was the end of the Classical Gold Standard; 1971 is the real beginning of our today fiat currencies.
Here is the economic consequences: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fwww.linkedin.com%2Fpulse...
Comment Sound money: Gold and The Gold Standard! (Score 0) 93
Bitcoin is the digitization of the Gold Standard!
"Here's what I continue to tell people: name to me a business that was analog and got digitized, and the digital version is smaller than the analog version. It doesn't happen. It's because digitization brings all kinds of advantages. It's a market-expanding technology." Pompliano
"Here's what I continue to tell people: name to me a business that was analog and got digitized, and the digital version is smaller than the analog version. It doesn't happen. It's because digitization brings all kinds of advantages. It's a market-expanding technology." Pompliano
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C++ is the best example of second-system effect since OS/360.
