News for hackers. Stuff that matters.
Re:Bitcoin Halving Just Occured by DarthGhandi on Monday May 11, 2020 @06:53PM (#23148141)
> barely functioning CS experiment

Zero downtime since 2013. Visa has ten hour outages across entire continents.

> Bitcoin solves no actual problems

It's been moving billions of USD daily without fail for years. That's a non-trivial amount to anywhere on Earth. Try transferring money from say former Soviet bloc countries to Africa.

> The consensus among economists is that a deflationary currency is a terrible idea.

Bitcoin is inflationary until 2140 and then stops inflating. It's not a deflationary currency. Perhaps you meant to word this differently?

Re:Bitcoin Halving Just Occured by qwytw on Tuesday May 12, 2020 @03:25AM (#23151370)
That would only be true if the demand for bitcoin was almost non existent. If it will ever be used as actual currency on a significant scale the demand for bitcoin would have to be magnitudes higher than can be produced by mining making it extremely deflationary.