News for hackers. Stuff that matters.

A comment on Long Island Iced Tea Soars 500% After Changing Its Name to Long Blockchain.

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by down on Thursday December 21, 2017 @10:29AM (#15979406)
Except the industrial value of gold which is around 10% of its use and not the quality/pure one, how is gold better than bitcoin? The favorite argument and the only argument is its history, yet when someone tries to use the same historical argument of bitcoin going up and up for 7 years, the elitist, NY folk will quickly follow with "Past performance is not an indicator of future outcomes".

I think people here are just salty because they think they are smart yet didn't saw the value in the crypto/blockchain, especially that is up their geeky alley.

[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by ceejayoz on Thursday December 21, 2017 @10:39AM (#15979504)
Good luck stealing a ton of gold using a keylogger.
[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by down on Thursday December 21, 2017 @10:43AM (#15979533)
if you keep a ton of gold in your house, good luck.. keeping it safe, there are safe ways to keep bitcoin, cold storage, etc. is not like is impossible.
[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by ceejayoz on Thursday December 21, 2017 @10:49AM (#15979590)
It appears to be substantially easier to secure a ton of gold than the equivalent amount of Bitcoin.

It's also a lot harder to accidentally lose.

[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by down on Thursday December 21, 2017 @10:57AM (#15979685)
right is so hard to buy a device from amazon or print some words on plasticized paper and keep it safe, hell you can even memorize 12 words.
[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by ceejayoz on Thursday December 21, 2017 @11:24AM (#15980068)
Sure, assuming the Amazon device isn't a compromised counterfeit, the printer isn't rooted, and the paper doesn't get burned up in a house fire.

Case in point: https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-...

[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by down on Thursday December 21, 2017 @11:42AM (#15980288)
yes, this is what hold bitcoin back but is getting better, the amazon device can be software signed, also you could encrypt your keys and upload to all cloud hosts.
[ Parent | on HN ]