mitchellberry

Would be interesting to see this run through some statistical batteries. DieHarder and TestU01 still seem to be the gold standards.

XOR it with /dev/urandom, the result will be as strong as the best source of entropy.

>Exchanges don't actually hold the things they're trading.

Bitfinex has a few billion in publicly known cold wallets.

Your dollars already do get more valuable over time wrt consumer electronics and cars, yet people still purchase them en masse.

Many still spend in a deflationary environment, they just do so with far more care about the product and it's longevity.

People will invest also, though only with a expected return greater than deflation gains.

Instead the status quo is being forced into overvalued equities or real estate investments. There's no real option to be a saver in the western world anymore.

No one measures the marketcap of gold or soybeans. When was the last time someone mentioned the marketcap of the USD?

It's an absurd metric made worse by the fact that more coins are issued every 5 mins. If price remains the same virtually all coins will go up in marketcap regardless.

What company issues new shares every single day?

I pay 29c/kwh in a country with abundant solar, wind, coal and uranium. Perhaps there is something more at play here?

Public education about grid engineering and its challenges would be a good thing.

Apart from the asteroids packed with precious metals or water/zero-g vacuum manufacturing /virtually limitless solar energy and near earth rendezvous from interstellar objects?

Fair enough though I'd contend such articles are the motivation for the bubble commentary.

What's the difference between that and the same company buying a pennystock?

This is how markets work.

> All it takes is a change in the media narrative.

Every article I read in the media has huge negative sentiment already. Can you point to some positive articles about bitcoin? Seems to be very few going around, it's all bubbles, energy consumption, hackers, ransomware and terror funding.

Wondering how the narrative can change for the worse from here.

> worth pointing out that less than 1000 entities owns 40% of the bitcoins

The fiat equivalent is saying 10 entities own most of the USD in the world. They are banks with liabilities holding money for others.

Of all the bitcoin conspiracies it's provably false yet people somehow gravitate towards it.

Do worry how easily people and especially journalists fall for this. Go click on the top 10 addresses in a chain explorer, please. They are all exchanges.

The most funniest part of this oft-repeated argument is that currently bitcoin blocks are full, the mempool of pending transactions is at record highs and people are happily outbidding each other in fees.

Though apparently no one is using it if you listen to the internet.

There's a massive dichotomy between the cryptographically provable transactions and commentary. Someone is obviously using bitcoin. It's at max capacity.