easymovet
Joined 19 years ago
Karma
89
Submissions
110
Member since
Jul 5
Clean cut, oder free, poor speller
View on Hacker NewsRecent submissions
Comment · 5 years ago
Never see positive Bitcoin developments on the front page.
Comment · 5 years ago
Why is HN Bitcoin news biased toward FUD?
Comment · 5 years ago
- inviolable property rights
- sound money enables accurate investment valuation and less inflation and wealth inequality
- low cost, high security, international final settlement
- instant payments on lightning network
Comment · 5 years ago
Once you find out you'll panic about not having enough. The benefits are apparent when analyzed from the perspective of money as a technology that enables strong property rights defended by cryptography. Robert Breedlove does a podcast on the nature of money which great. This video also does a great job of addressing the "waste" by elaborating on "unforgable costliness" : https://youtu.be/b-7dMVcVWgc
All of these "uses energy per transaction" people are being underserved by their news sources on the development of the lightning network, which is like going from a LAN with global broadcast to NATed and routed TCP/IP (Bitcoin is a global broadcast layer and lightning is a transaction bundling / routing layer/network). I mean an entire country has adopted it and we still have folks on hacker news missing the disruption for the trees!
Comment · 5 years ago
HackedNews has a growing Bitcoin FUD problem. Seriously biased news source, none of the benefits of Bitcoin ever get reported on here.
Comment · 5 years ago
Turns out monetary expansion does cause price inflation: “ 1849 Sky high “gold rush” prices at a fashionable eating house in San Francisco: Corned Beef & Cabbage (1.25), Sweet Potatoes (50¢), Apple Pie (75¢).”
Comment · 5 years ago
Brought a tear to my eye, so nostalgic.
Comment · 5 years ago
I’m not claiming a fact, I’m quoting the article since you made a statement that didn’t accurately represent it.
Comment · 5 years ago
Bitcoin has out performed any other asset over the past 10 years. https://www.microstrategy.com/en/hyperintelligence/asset-vs-...
Comment · 5 years ago
It’s over 40k, so either you don’t have access to real time data or you are trying to paint a picture that you prefer to believe. You can’t expect zero volatility in a new money while its being adopted. It’s the only fixed supply money in a world that’s printing paper like crazy, where do you think that trends trends to?
Comment · 5 years ago
Not just because they are a bearer asset but because their scarcity retains purchasing power orders of magnitude better than paper money.
Comment · 5 years ago
“Software eating the world” now applies to money.
Comment · 5 years ago
You don’t have to use Strike, all lighting wallets are interoperable, and no need to exchange to Fiat since Bitcoin is legal tender.
Comment · 5 years ago
Baffling that tech types here aren’t grasping digital money, basicaly a self custody PGP key with value, and instead defending the status quo with poorly researched FUD like layer 1 scaling limits, power usage, and fear of regulators!? You guys sound like Paul Krugman, meanwhile Tesla and MicroStrategy are taking all the trending bitcoins off the table… the only point I disagree with LynAlydn, who wrote a great article, is that Bitcoin doesn’t offer yield. You can get yield on Bitcoin by either loaning it out or staking in in the lightning network to collect fees for providing liquidity.