hypeatei
Joined 5 years ago
Joined 5 years ago
They're pushing FUD around downloading a file but then suggest that we trust the same chain of complex things to display the right hash value? Integrity != authentication.
Also infrequent purchases != storing wealth in Bitcoin.
How many users were told to verify the source code to make sure it was using good entropy? How many would actually do that even if told? Obviously not even the most hardline bitcoiners were looking at it.
> dice rolls
Yes, the new cope I've seen is that you should've been using casino-grade dice[1] to make sure your entropy is good LOL. Mass adoption soon, I'm sure.
1: https://old.reddit.com/r/Bitcoin/comments/1vcr4r4/dice_rolls...
There is no blockchain, seed phrases, nor cold wallets required for this amazing feat of money transfer/remediation to take place.
Or, you could realize that using a financial technology which relies on no software bugs ever is probably flawed at its core. "Not your keys, not your coins" was (is?) the zeitgeist but even people who did the "right thing" and used a cold wallet still got screwed. I don't know why anyone would keep their wealth in something that requires so much technical excellence.
The "masses" are well aware of crypto at this point and BTC is down 47% over this past year. It's just not that useful unless you're trying to skirt laws/regulations[1] or LARPing as a sovereign citizen.
1: Yes, I know, BTC is not even good pick for financial crimes either.
Berkshire themselves have made investments into Google this year, a company at the center of this supposed "bubble"... make of it what you will but I think the market is setup to do pretty well in the near future.
I always see catastrophizing and autarkist-coded takes like this which imply the US is a house of cards because we don't manufacture everything under the sun at all times. You have to realize that preparing for a doomsday scenario like 50% fatality rate pandemic has a cost that someone foots the bill for. Even in 2020 with a buffoon running the country, we still reacted very quickly and developed multiple vaccines to combat a novel virus (yes, the response was bungled in other ways but I digress)... people, markets, etc. are adaptable and we will figure it out.
The same could be said for people who suggest regulation for every problem that comes up, even for problems that were caused by regulation. Maybe we have our blindspots, but the "regulate everything" crowd is much louder and more prevalent on HN than the free market absolutists.
The other owner replied here: https://news.ycombinator.com/item?id=48696800