ad31mar

SoV first and only then medium of exchange. Not the other way around.

> Ethereum will probably always outshine the other "Global Turing Machines" because it was the first. We don't really need another one—assuming it can adapt to changes in efficiency with hard-forks as needed.

We didn't need the first one.

> This statement, minus the political content, sounds very, very, very similar to what I was hearing about tech stocks a bit over 20 years ago, and houses about 15 years ago.

Well those two performed pretty damn spectacularly in the past 20 years.

> In the end the only thing I kick myself for was looking at it objectively. Bitcoin wasting untold amount of energy, low transaction rate, high wait times for confirmation, high transaction fees, ever growing public transaction history, long cryptographic identifiers for receiving and sending, and so on do not actually matter.

As if there's a better alternative.

Yeah, or simply buy Bitcoin and wait it over.

"The amount of energy necessary to refute bullshit is an order of magnitude bigger than to produce it."

– Paul Kedrosky

> Hint: increased demand for the USD is why the Fed is increasing the supply -- to keep the price stable.

Oh yeah, good luck taking vacations in Europe this year.

> But that theory is still problematic, since you can't measure inflation against just one asset.

How about another two? Like equities and real estate. Still not inflation?

CPI is a scam - it now includes 80,000+ items muting the shit out of the dramatic price changes in the stuff you actually want and need.

Nopes. Full nodes.

It's usually in your favour tho.

Anyways, there are plenty of stablecoins if that's your thing and you can use Bitcoin (the network) for the rails only.

This reply should be mostly discounted because the author doesn't really seem to be able to do basic research. Tether imploding would actually be good for Bitcoin.

I think these mindless copy-paste criticisms don't even deserve a thoughtful reply. They are the reason there's tribalism in Bitcoin - it's just an efficient way to cope with (endless) ignorance and trolls.

If you were all ears you'd know by now that there's no viable alternative to PoW. Or genuinely cared to find out for yourself for that matter.

Stop shilling your shitcoin.

So much anti-Bitcoin sentiment on HN lately, recycling decade old strawman arguments.

Does the Occam's razor apply here? Are people just salty they didn't buy a few back when they first heard about it, now trying to justify themselves?

Save the children, don't buy Bitcoin.

Stop pumping shitcoins.

> You have to wonder how it will play out long term though.

Wow, second-order thinking! I bet no one considered this.

> In the real world, over the full year of 2020 inflation was 1.4% in the US (food costs went up a bit more, energy costs went down).

Are you sure about that? https://chapwoodindex.com

Yeah, I just wish he'd veer off more often to these incredible improv jazz lands (like the one I posted) in his live streams. They might not be as catchy as the short loops he's currently pushing out, but damn, aren't they just delightful!

Can it get you to Marc Rebillet's [0] level in 5 years of a few hours per day practice? He makes it look so effortless and I can't even begin to imagine the flow state he's experiencing.

[0] https://youtu.be/XMFnkKWXgKw?t=203

Easily $1M.

Oh, I think it's time for self reflection! Start the timer.

Sounds tempting. I was actually building one from scratch for my own business [0], but it's out of necessity rather than pleasure. Please get in touch!

[0] https://zlipa.com

I think that's also why it makes sense for girls to play with and compete against boys.

How can I get in touch with you? Tried emailing the domain.