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A comment on Let Crypto Burn. Parent comment

Re:Let Crypto Burn by thunky on Sunday November 20, 2022 @02:56PM (#33684633)
Some quotes about bitcoin from Jack Mallers in the video:

  - "it's an abritrage on the trend" (multiple times)
  - "humanity really found it's stride in inventing bitcoin"
  - "we made and engineered the best version of <money>"
  - "there's bitcoin and there's everything else"
  - "a well engineered freedom fighting tool for our species"
  - "gives everyone in the world real property rights secured by mathematics"
  - "first monetary asset that we've been able to engineer with no natural issuer"
  - "is a guaranteed fixed protected monetary policy and instrument"
  - "accessible to everyone and equitable for everyone. no one has an advantage"
What? I have no idea what he's talking about because he never bothers to explain why bitcoin is pure magic and all other crypto is trash. He's just jumping on CNBC to hype his flavor or crypto for obvious reasons.
[ Parent | on HN ]
Re:Let Crypto Burn by tromp on Sunday November 20, 2022 @03:04PM (#33684713)
> accessible to everyone and equitable for everyone. no one has an advantage

That could have been true if Bitcoin had a never changing block reward. The miners in the first 4 years (including Satoshi himself) had a huge advantage.

[ Parent | on HN ]
Re:Let Crypto Burn by taolegal on Sunday November 20, 2022 @03:14PM (#33684796)
> had a huge advantage

anyone could have decided to buy bitcoin when it was cheap. the advantage of bitcoin is that your enemies have to expend prohibitive amounts of energy to screw anyone over, and that protection is accessible to everyone

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Re:Let Crypto Burn by thunky on Sunday November 20, 2022 @03:16PM (#33684807)
gold is accessible to everyone too
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Re:Let Crypto Burn by tromp on Sunday November 20, 2022 @03:44PM (#33685070)
> anyone could have decided to buy bitcoin when it was cheap

Wrong; the vast majority of people were unaware of bitcoin, and how its emission worked, in the first 4 years when half of all bitcoin was emitted and it was still relatively cheap.

[ Parent | on HN ]
Re:Let Crypto Burn by taolegal on Monday November 21, 2022 @10:12AM (#33693417)
you're still not explaining how people are unable to get it at any point in its history
[ Parent | on HN ]