News for hackers. Stuff that matters.

purplecabbage77

The linked tweet screenshots a blog post[1] that is an analysis of a pHd thesis[2]

[1] - https://www.electrospaces.net/2023/09/some-new-snippets-from...

[2] - https://pure.tue.nl/ws/portalfiles/portal/197416841/20220325...

I would say transcendentally different.

Unlike eBay, with Bitcoin I can transact nearly instantly and without going through any middle men like PayPal and the like. This is huge.

I can also store 1bitcoin and 1million bitcoin on the same USB drive, and know that also unlike beanie babies, they won't deteriorate at all ever.

Something this article misses though is that Bitcoin, unlike stamps and Beanie Babies, is digital, which I'd argue makes a huge difference.

Imagine if you could exchange Beanie Babies with anyone in the world with an internet (or satellite) connection. That seems...at least a little more useful?

Filecoin is actually built by Protocol Labs and Juan Benet, the same team that works on IPFS.

I'm not saying there aren't plenty of pump and dump shitcoins out there, or that FIL is deserving of its current price, but I don't think it's fair to call it a "pump and dump shitcoin" :-)

Isn't that basically the same thing as just having data collecting companies pay users directly?