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jondtaylor

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I appreciate your comment the most. If you want something then make it happen. Don't wait for the slow crawl of society to take you where you want to go.

Not necessarily. The fractional reserve system is rigged in the sense that to use it you must borrow at interest where the interest can not be paid back resulting in assets transferred to the creators of the currency. Bitcoin does not have this property. In my opinion the system of Bitcoin isn't rewarding certain people over others, that is a property of the market.

Just a little background, this is an FTP client that is very simple, caches content for fast response and syncs files locally for backup. It's windows only and is an experiment for me to test the market for interest. I'd be happy to hear any feedback. Thanks!

I may be mistaken but I don't think Bitcoins (the units themselves) have an identity like that only wallets are entities. It's similar to how a celebrity would drink water and water would be worth more than the rest. Once the debit and credit occurs who is to say which coins are from what source...

"However, they are wrong because converting $100 into 10 x $10 bills or even 100 x $1 bills does not make you feel richer."

This was also quoted in a Forbes article but I don't get it. Can someone explain what this means? What does lack liquidity or limited supply have to do with feeling richer by funging your bills?

I'm not joking I seriously have no idea what this has to do with anything...