Saledovil
@Saledovil@sh.itjust.works
- Comment on Anon gives up on Bitcoin in 2010 2 weeks ago:
If they are dumping their bags now, which SHOULD make them criminals, what were they when they bought those bags? You make zero sense.
They’re using their influence on the government to enrich themselves. Textbook corruption. Shouldn’t be surprised that you don’t understand that.
Node runners showed miners who is in control in 2017, and they will happily do so again.
Node runners gained a victory so grand in 2017, that it can’t be spoken aloud, for the heavens would cave in under such splendor.
That’s cute, previously you pretended that only onchain exists, and now you’re a lightning expert, an expert who is unable to run a well connected node. Okay.
Are those ‘well connected nodes’ in the room with us right now?
- Comment on Anon gives up on Bitcoin in 2010 2 weeks ago:
Are the senators and state legislators who advocate for bitcoin strategic reserves all criminals? You don’t know what you’re talking about.
They’re trying to dump their bags on the US government. Is it illegal? Sadly no. Should it be? Yes.
A fork will never be considered bitcoin by my bitcoin node,
Your opinion won’t matter. You don’t own an exchange, you aren’t a major bitcoin miner, and you’re not a platform landlord or newspaper editor.
and nobody who runs a bitcoin node is incentivized to increase the limit on bitcoin as it would only devalue their bitcoin. Again, you don’t seem to understand even basic concepts about bitcoin.
The people I mentioned above don’t want Bitcoin, they want actual money. If devaluing Bitcoin will let them get more money, they’ll do it in a heartbeat.
Oh my, you’re stuck in a narrative from 2017. Again, you don’t know anything about bitcoin or the lightning network.
To make an analogy for the lightning network, imagine each time you made a credit card payment, you have a to roll a die, and only if it comes up as a six, your payment goes through.
- Comment on Anon gives up on Bitcoin in 2010 2 weeks ago:
Not useful to law abiding citizens, exactly. There’s plenty of people who are not law abiding citizens.
The scarcity is debatable because of forks. When a coin forks, then people need to settle which of the forks is the legitimate coin, and which one is the fork. There are several institutions and people who have influence over this discussion: Miners (They decide which fork to mine on), Exchanges (They decide who gets the old name and ticker symbol), platform landlords (they have significant ability to steer discourse), media (see previous). If enough of those came together, and decided that there should be 21 trillion bitcoin instead of 21 million, then there will soon be 21 trillion bitcoin.
While my example is far fetched, crypto currencies being forked to subvert their rules has already happened. For example, the ethereum/ethereum classic fork. The Ethereum blockchain got forked to roll back the hack of the DAO. Nothing the Hackers did violated Ethereum’s protocol, meaning that technically, they did nothing wrong. An example of a political decision which is harmful to the long term utility of the crypto currency would be the Bitcoin/Bitcoin cash fork. Bitcoin has a block size limit, which leads to a transaction limit of 7 transactions per second. This limit absolutely ruins Bitcoin’s potential utility, because even relatively small economies would be utterly choked with a 7 transaction limit. Still, miners profit from a tight transaction limit, and other institutions aren’t bothered by it, so they decided that the fork with the transaction limit was the legitimate one.
In conclusion, the 21 million bitcoin limit will remain as long as it is useful to the influential figures in the bitcoin ecosystem. See above for a rough listing of who those people are.
- Comment on Anon gives up on Bitcoin in 2010 2 weeks ago:
Bitcoin is a purely speculative asset. It has potential the same way a lottery ticket does.
- Comment on Anon gives up on Bitcoin in 2010 2 weeks ago:
Bitcoin is not useful, and its scarcity is debatable.
- Comment on Anon gives up on Bitcoin in 2010 2 weeks ago:
The problem with statements like “If you invested in Bitcoin back in 2009 you’d be rich now” is that you’d have to be clairvoyant to actually know that back then. And if you’re clairvoyant, the lottery offers a better return on investment than bitcoin.
- Comment on Anon degoogles his Samsung 1 month ago:
They referred to themselves as a Dane, which is somebody who lives in Denmark. So the country in question is likely Denmark.
- Comment on Anon's strict mom 1 month ago:
The fun of this community is pretending the stories are real.
- Comment on Anon is Kif 1 month ago:
They’re still around. Not as popular as they used to, but they’re still around.
- Comment on Anon tries to help 1 month ago:
The parts of the brain responsible for social behavior don’t fully develop until adulthood, and the brain gets rewired substantially during puberty, around middle school age. So, a middle schooler is seriously handicapped when it comes to social behavior.
- Comment on The Prisoner's Trolley Problemma 2 months ago:
Unlike the classic prisoners dilemma, this isn’t a nash equilibrium. When I know that the other person pulls their switch, I’d improve my outcome by not pulling mine. Compare to the prisoners dilemma, where not snitching when the other side snitches earns you five years in prison.
- Comment on What's Mastodon precious? 2 months ago:
Users don’t cost much to keep around, especially if they don’t post. The data needed for the account would be authentication data, and post data, the second of which doesn’t apply to users who don’t post, and the first one being negligible compared to the amount of space available on a common hard drive. So, why not just give them a chance?
- Comment on Dear Americans, be prepare to get screwed! 3 months ago:
The joke is twofold:
- Some people, mostly authoritarian communists, claim that the ‘tankie’ is being used to describe anybody too far left.
- Democrats are by now very right on immigration.
- Comment on Dear Americans, be prepare to get screwed! 3 months ago:
Plus the only places that are left to build giant factories are distant from population centers.
You’re forgetting about eminent domain. Clearly, giant factory on American soil is a public good, even if it’s privately owned. Hence, the government will seize the homes and give the land to the corp. The prices of the houses will fall first, because who wants to buy a house that’s going to get bulldozed, reducing the compensation the government has to pay to the homeowners, potentially causing them to be upside down on their mortgages. This will leave them with nothing, or potentially even debt, when their homes get sized.
- Comment on Dear Americans, be prepare to get screwed! 3 months ago:
Plus the only places that are left to build giant factories are distant from population centers. And I doubt there will be mass transit into them. So more pollution from personal transportation. And more pollution from local factories. Ripping the EPA to shreds will help with that, and that’s a part of agenda 47.
- Comment on Is Lemmy an effective alternative to Reddit? 4 months ago:
I figure with Lemmy having much fewer users, there’s less potential for toxic communities to form.
- Comment on I make games and this literally happened to me this morning 4 months ago:
The break even point would be at a balance of 23.08$. However, if the account balance doesn’t expire, buying your own game to put you over the threshold would be checking the couch cushions for loose change level of desperation.
- Comment on Sorry to be a bother... 4 months ago:
I really like brutalism, especially when contrasted with greenery. A set of brutalist apartment blocks, with ample space between each of them, which contains native flora would be rather beautiful. The space between the blocks could also be used as a communal barbeque place. Or a fitness trail.
- Comment on Anon plays The Sims 5 months ago:
If he’s playing the Sims 4, which the screenshot is off, then how did he manage that? It’s quite easy to lead your sims to success in that game.
- Comment on Posting the shopping cart theory because people had questions in a separate thread 5 months ago:
In Germany, shopping carts typically have a deposit system, where you have to insert an Euro into the cart to use it, which you get back when you return it. So that is basically a build in fine for not returning it.
- Comment on Anon checks out politics on reddit 5 months ago:
Antifa is a politically diverse group, only defined by being opposed to fascism, as sane people should be. If you were to ask 2 antifascists about how society should be run, you’d likely get 2 different answers. Same as for any group not defined by support for a political ideology.
- Comment on Anon checks out politics on reddit 5 months ago:
And antifa can be violent, though it’s not really an organization. Wikipedia describes it as a movement. And given the fact that fascists have ruined every country where they took power, violence against them is wholly justified.
- Comment on [deleted] 5 months ago:
If I met a human who needs constant blood and urine tests, I’d assume said person is ill.
- Comment on [deleted] 5 months ago:
It’s a little known fact, but if you killed an animal yourself, its meat is vegan.
- Comment on Anon casts a healing spell 5 months ago:
Where do the casting costs come from? Are they reagents for the spell?
- Comment on Anon offers a harsh truth 5 months ago:
If you steal something, at which point does it truly yours?
- Comment on YouTube now vs then 5 months ago:
Money?
- Comment on Anon makes a deal with a demon 5 months ago:
What if you’re dealing with a demon who isn’t weak to salt? What if the rules on salt circles require the salt to be on the ground, so a salt ring in orbit does nothing? What if the salt ring doesn’t meet the salt density requirement to ward off demons? What if the demon never leaves earth, instead hanging out at a coffee shop, and thus the demon doesn’t have to cross the salt circle to get to you? What if the demon simply grabs your soul after you die?
- Comment on Go already 5 months ago:
0 upvotes 0 down votes at time of writing. I agree with you, though.
- Comment on Liz Truss leaves stage in Beccles as 'lettuce' banner unfurls 5 months ago:
My hypothesis is that they put the gilts up as collateral so that they could borrow money to invest. So, interest rate goes up, and the value of existing gilts goes down, because why buy a gilt with 1% interest when you can get a new one with 2% interest? Pension funds need to add more collateral to their accounts, because the gilts became less valuable.