LAMike
LAMike on Hacker News
Are you going to stop using AI because it consumes too much energy?
In what way? I assume you know how the minting of coins work with miners
Yes I think this is going to be the end of Bitcoin, we'll never hear about it again after this year
It is more rare than gold and getting more rare every 4 years.
What is the current supply of gold and what will it be in 2050?
You don't really believe that do you? The market disagrees as well
Yea we do, but continue to bury your head in the sand for the next 15 years you'll be just fine
His arguments about the feasibility of a 51% attack are off by an order of magnitude, and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug
What makes Bitcoin a scam?
Did you buy any Bitcoin for long term investment?
Their real estate portfolio is at least 1-2B, w/ 2B in debt, they are buying the business at a ratio of 20 P/E.
Will be interesting to see how they do privately, good luck to them!
It's cool, but I'm wondering what the breakeven cost would have to be if you weren't planning on making money from PFOF?
Can easily see this being $5-10 a month without a problem or even $500 lifetime pass for early supporters. Also if you add Lightning Network deposits to a portfolio I would be more likely to use it, you can make money off the spread too as long as it is under 1%
Why don't you ask people in Egypt or Venezuela?
Already ahead of you Mr. Wheeler
Hope you can buy yourself one when you grow up!
> Yeah, that seems great! Go for it!
I mean, it is the best performing asset of the last 10 years, so yeah, it seems pretty great to anyone who has a brain.
A 98% cash and 2% Bitcoin would beat the SPY returns for any 4 year period since inception. When making investments, its important to have a long term outlook. Do you just live day to day without any planning?
> Nope, because he's been inactive for 14 years
If Bitcoin is so easy to track people why don't you find him?
> You mean the SQLite database at third parties in some cases?
Didn't answer my question, but you know you can run a lightning node at home, right?
> Links to an ETH project
What does that have to do with Bitcoin?
You just described the current fiat system, where the top gets to benefit from the money printer while the middle class loses its purchasing power over time
Anything backed by the guarantee of a government or corporation?
> My daddy said bitcorn is bad :/
You should listen to him!
That's disgusting, you should probably change your 15 year old toothbrush
> Additionally, Bitcoin is super duper easy to track
Could you tell me who Satoshi is?
Could you explain how you can track who paid you a Lightning Network invoice?
Have you ever written down a seed phrase or made a Bitcoin transaction on chain?
> That's only a good thing in dictatorships, not in democracies.
Yes, Bitcoin allows you to be a dictator of your personal finances, compared to fiat, a "democratic" system, where people you never voted into power get to press a button and print as much money as they deem necessary to "stimulate" the economy.
> the entire cryptosphere as a whole is a wretched hive of scum and villainy
COPE
> Also money is worthless
How do you live life if you think money is worthless?
> the only way to get new Bitcoins is to get them from someone, buy them in an exchange, or invest lots of money in specialized Bitcoin mining hardware.
Have you heard of this new technology called a "J.O.B"? It enables people to trade labor for currency.
The next ten years will be about how to earn Bitcoin through skilled labor, not mining on your PC.
Bitcoin is doing more to accelerate the adoption of wasted energy than any corporation on the planet. It is the buyer of last resort, open to anyone.
Compare that to the fiat system, do you get to vote for who runs the Federal Reserve? Can you verify the current supply of the US dollar or the maximum limit of dollars that can be printed?
Very privileged take to assume Bitcoin doesn't "ACCOMPLISH LITERALLY NOTHING USEFUL", when millions of people are using it to save and send for 15 years, and over 100 TRILLION dollars has been settled on the network.
Herbalife is a pyramid scheme... Bitcoin is an open source payment system. Delusional take
They bent the knee, it's a total L for them to be 15 years late on the greatest asset ROI in this century
Bitcoin mining incentivizes finding the cheapest source of energy, accelerating things like the adoption of solar or using flared gas to power data centers instead of burning it into the atmosphere. Research deeper!
> Pretty much endgame level for Bitcoin.
for Bitcoin critics