easymovet

Never see positive Bitcoin developments on the front page.

Why is HN Bitcoin news biased toward FUD?

- inviolable property rights - sound money enables accurate investment valuation and less inflation and wealth inequality - low cost, high security, international final settlement - instant payments on lightning network

Once you find out you'll panic about not having enough. The benefits are apparent when analyzed from the perspective of money as a technology that enables strong property rights defended by cryptography. Robert Breedlove does a podcast on the nature of money which great. This video also does a great job of addressing the "waste" by elaborating on "unforgable costliness" : https://youtu.be/b-7dMVcVWgc

All of these "uses energy per transaction" people are being underserved by their news sources on the development of the lightning network, which is like going from a LAN with global broadcast to NATed and routed TCP/IP (Bitcoin is a global broadcast layer and lightning is a transaction bundling / routing layer/network). I mean an entire country has adopted it and we still have folks on hacker news missing the disruption for the trees!

HackedNews has a growing Bitcoin FUD problem. Seriously biased news source, none of the benefits of Bitcoin ever get reported on here.

Turns out monetary expansion does cause price inflation: “ 1849 Sky high “gold rush” prices at a fashionable eating house in San Francisco: Corned Beef & Cabbage (1.25), Sweet Potatoes (50¢), Apple Pie (75¢).”

Brought a tear to my eye, so nostalgic.

I’m not claiming a fact, I’m quoting the article since you made a statement that didn’t accurately represent it.

Bitcoin has out performed any other asset over the past 10 years. https://www.microstrategy.com/en/hyperintelligence/asset-vs-...

It’s over 40k, so either you don’t have access to real time data or you are trying to paint a picture that you prefer to believe. You can’t expect zero volatility in a new money while its being adopted. It’s the only fixed supply money in a world that’s printing paper like crazy, where do you think that trends trends to?

Not just because they are a bearer asset but because their scarcity retains purchasing power orders of magnitude better than paper money.

“Software eating the world” now applies to money.

You don’t have to use Strike, all lighting wallets are interoperable, and no need to exchange to Fiat since Bitcoin is legal tender.

Baffling that tech types here aren’t grasping digital money, basicaly a self custody PGP key with value, and instead defending the status quo with poorly researched FUD like layer 1 scaling limits, power usage, and fear of regulators!? You guys sound like Paul Krugman, meanwhile Tesla and MicroStrategy are taking all the trending bitcoins off the table… the only point I disagree with LynAlydn, who wrote a great article, is that Bitcoin doesn’t offer yield. You can get yield on Bitcoin by either loaning it out or staking in in the lightning network to collect fees for providing liquidity.

Bitcoin uses less energy to immutably log transactions than the manipulated rube goldberg system we currently use for keeping track of money balances, that should be all that matters.

Still plenty of comments about how to “make money” with bitcoin, completely missing the point the bitcoin is money. Ironic really since this group has been digitizing everything else in the world to make money they miss that software now actually is money!

Crawlers is top down approach, a distributed list that people pay digital money for listing will both incentivize nodes to be online and transforms sybil attacks into paid advertising.

UX has been a main focus of Bitcoin ever since Lightning made scaling possible. Checkout out the Strike app for seamless bitcoin (lightning) payments https://strike.zaphq.io/

Who cares? Anyone who feels like their purchasing power isn't where it should be is either underpaid, or a victim of central banks diluting their dollars with printing.

"a monetary policy that is not constrained by the presence of physical cash", that is like saying a democratic government that is not constrained by the need for voting.

Sounds like you need an invite to Galt's Gulch

I tried out the math for key exchange, 2^y^x=B^x=R=A^y=2^x^y and have a few questions. If a 3rd person followed the same process and said a number out loud, say C, then wouldn't they be able to figure out both x and y? (Caveat I haven't finished the video, just got to slide 12 so far)

wouldn't 2^z^x=B^x=R=C^z=2^x^z and 2^y^z=C^z=R=A^y=2^z^y be true?

QBasic, everything since then has been incremental.

best revision of MDHP is https://satoshis.place/ because it replaced the payment rails with lightning for instant gratification and lets you over wright stuff for a never ending income stream, and paid responses.

Using Bitcoin as a settlement layer has enabled services to crop up that provide interesting crosswalks of other payment layers, see https://twitter.com/ln_strike

I built the same thing for a logistics company, went down the same learning route too!

You don’t need a power plant to charge, you just need a bigger capacitor sitting at the gas station that’s been filling up for a while and ready to dump into your car.

You are right that we will pay miners more in the future, that sounds like an opportunity not a problem.

Lolli does this by only paying out when you accrue enough, and possibly uses the lightning network for payout which makes micro transactions of bitcoin much cheaper. Pei, does this as well.

The mouse support is incredibly good.

Best performing asset of that past decade, and 2019: https://medium.com/@100trillionUSD/modeling-bitcoins-value-w...