brianobush

If software was so regular like construction, we could automate most of it.

Incorrect assumption: miners use energy regardless of the number of transactions going through.

Agreed. Next I want gamers to quit wasting energy too. They should just read books and do something useful with their time.

I was just going to comment on this book; one of my favorites as well. The follow on book "Thinking Forth" was similarly mind opening. http://thinking-forth.sourceforge.net/

I would like to make quick (<30 min) transactions of large amounts. I can do that with BTC, but it would be nice to do this with USD. Currently, this involves finding a bank, go during the right time, proper account numbers, etc.

That would be an amazing price entry!

I think people overuse the phrase "Ponzi scheme". You could argue that most stocks are Ponzi schemes. I haven't seen a damn dime from some companies.

Security has a price. As a side, the alt-coins that are purely proof of stake use little energy vs Bitcoin.

Even the Tether fraud hasn’t stopped the Bitcoin buying frenzy.

OT, but why would Tether impact Bitcoin? They are totally different use cases of crypto.

Remote controlled toy. Not a robot.

Every time citizens try to spread the truth, they are censored.

You actually mean spread an opinion. I doubt any one citizen would conduct a trial or research; some may actually look at data, but that is rare. These are opinions, most likely biased by a belief.

Most MDs are general physicians and know little about vaccines other than textbook knowledge that is decades old. Why would you trust them over a team of researchers? Especially at this point of the pandemic when we have so much data showing their effectiveness?

Six million is not a huge country. The current lighting network can handle millions of transactions per second.

They are limiting mining of a single coin: Ethereum. Nothing is going to stop mining other coins, which are quite profitable. Also, Ethereum is going through two upcoming events which will change the landscape dramatically. July has EIP-1559 which will reduce ETH mining earnings by 30% and the eventual move to proof of stake in late 2021/early 2022. Both of these events will make other non-ETH coins more profitable.

It is much cheaper nowadays to make ASICs, which I think partially explains the expounding growth in NN chips.

I wouldn't consider TransferWise fast. I used to send money to Canada from the US and it took a day or so for verification and settlement.

Staking (for Ethereum 2.0) will be the mechanism over the current proof of work method. This will reduce the energy cost significantly by removing the requirement of mining.

Speed of transactions and less fees.

Why? You could easily mine the currency on an average computer with no special hardware. Just because you didn't notice, doesn't mean it wasn't fair.

Not all coins have limited supply, e.g., Ethereum does not.

Like Tesla stock? In the past year Tesla has gone parabolic, which looks very much similar to Bitcoin. How are they different?

How is gold stable? Have you seen it in the last year? The last ten? Hardly stable IMO.

This will be addressed by EIP 1559 in the next year or so.

I am talking about past prices.

Do any simple technical analysis and you will find an upward trend over its existence. You don't look at a narrow window.

This was done in the state of Washington (Wenatchee area) due to cheap electricity from dams.

Most BTC holders are on exchanges that all have KYC rules in place, so there is no anonymity or privacy assumed. It is just like buying KO shares on Etrade.

And they were right; it has been with us all the time. Look at health care and food.

Is there a useful signal in the dollar price? Price of silver? They are all used in hedging bets. Same for BTC, people with a lot of cash are looking for a safe spot while we have the possibility of hyper inflation.

Yes, there is. My company does sound id among other things. https://www.sensory.com/sound-identification-scene-analysis/