feriancek
Joined 9 years ago
Karma
6
Submissions
7
Member since
Apr 7
Recent submissions
Comment · 8 years ago
Comment · 8 years ago
We still use TCP! The way we access the (internet) network has changed, but the network still works in the same way.
Comment · 8 years ago
I use slack as my RSS notifer
Comment · 9 years ago
Check out this chart: http://charts.woobull.com/bitcoin-nvt-ratio/
"NVT Ratio (Network Value to Transactions Ratio) is similar to the PE Ratio used in equity markets."
The NVT is currently high, but not out of control like it was in 2014. This is the best dataset I've seen for working out if the network is actually being used in a way that matches the valuation, and I think will become invaluable when the CME Bitcoin Futures market opens.
Comment · 9 years ago
Bitcoin are (effectively) infinitely divisible. Money supply creation on it's surface is meant to replace notes that age out of supply. Inflationary growth is a byproduct (albeit a good one). Bitcoin supply will also age out (as people lose access to private keys). This creates a natural inflationary action that pushes the value up. No new coins need to be created, just take what's in the supply and break it up into smaller values. This also removes the politics out of the money supply.
Many users are already using mBTC as a base unit (0.001BTC) as it's much easier to transact with at a human level. 1mBTC currently is ~ $6.50. The current smallest unit (1 Satoshi) is worth 0.0001USD, plenty of room for further unit division. It's been confirmed on a technical level that moving that division deeper is possible, but unnecessary in the short term.
Comment · 9 years ago
As a hedge against a market collapse?
https://wiki.archlinux.org/