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Bitcoin SV Rivals VISA for Transactions Claims Bitcoin Associationquote:Annual report from Bitcoin SV’s The Bitcoin Association, claims BSV now rivals VISA for transactions per second This sounds promising. I think one of the things a lot of people miss (or choose to ignore) is that even if you don't believe Bitcoin can work long-term, some other crypto project inevitably will pick up where it leaves off.
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Apr 29, 2020 04:44
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Vesi posted:somehow even the austrian economists who normally oppose things like "monetary policy" and "control over economy" don't want chinese heat farm tokens  "I don't believe we shall ever have sound money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." -F.A. Hayek
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Apr 29, 2020 05:21
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BSV is just Bitcoin with the block size limit increased to 2 gigabytes per block, the reason it can do 1000s of transactions per second is that the blockchain grows in size 1000 times faster than bitcoin. At that speed, the BSV blockchain grows 288 gigabytes per day, it should be obvious that it is unsustainable
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Apr 29, 2020 05:36
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someone who believes earnestly that btc wont work but will lay the groundwork for a crypto that will, probably shouldnt be a btc bagholder and be stuck with the ancient pogs that werent innovative enough edit: the "crypto that will" will probably look more like interac or libra than anything decentralized
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Apr 29, 2020 05:56
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Fleetwood Crack posted:Bitcoin SV Rivals VISA for Transactions Claims Bitcoin Association However you are still assuming that it will get fixed in the future. And on top of that you invested in bitcoin, not the other projects. Do you have a diverse crypto portfolio? Pretend I put that crypto investing strategy pic here, I can't find it now.
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Apr 29, 2020 06:11
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CampingCarl posted:People don't miss or ignore it, it just was covered a lot during the ICO era and none of them have added anything useful. They always claim that they will solve some problem with bitcoin or another but often never get past the 'how to fix bitcoin?' stage, were shams to get VC money, or have an idea that cannot ever work which were my favorites.  I got you man
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Apr 29, 2020 06:18
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Fleetwood Crack posted:
And what are Hayek's views on bitcoin specifically?
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Apr 29, 2020 07:18
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Party Boat posted:And what are Hayek's views on bitcoin specifically?
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Apr 29, 2020 09:37
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CampingCarl posted:And on top of that you invested in bitcoin, not the other projects. Do you have a diverse crypto portfolio? Pretend I put that crypto investing strategy pic here, I can't find it now.
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Apr 29, 2020 09:40
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I'm aware of when Hayek died, I just wanted you to say that your example of bitcoin support from Austrian school economists was limited to what a guy who died almost three decades ago probably would have thought lol
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Apr 29, 2020 11:48
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A Bernie Bro in love with the Austrian school? I should give this the time of day 
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Apr 29, 2020 13:32
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We need Toblerone Triangular to don the cape once again, I don't trust anyone else for modern insights into the Austrian school.
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Apr 29, 2020 14:27
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Shumagorath posted:A Bernie Bro in love with the Austrian school? I should give this the time of day
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Apr 29, 2020 15:09
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A proof of work ledger is fundamentally wastefull with a communal industry. The ledger is just the ledger when there's communal control, you don't need games to control it. Much of the compromises of Bitcoin and cryptocurrencies are entirely focused on free market problems and (bad) solutions to free market games.
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Apr 29, 2020 15:28
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zedprime posted:A proof of work ledger is fundamentally wastefull with a communal industry. The ledger is just the ledger when there's communal control, you don't need games to control it.
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Apr 29, 2020 15:32
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If you are the sort of Marxist who thinks the actual Marxist trigger point is a few hundred years from now that's ok but don't be surprised when people call you out for an Austrian capitalist obsession with sound currency.
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Apr 29, 2020 15:39
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zedprime posted:If you are the sort of Marxist who thinks the actual Marxist trigger point is a few hundred years from now that's ok E: Speaking of that:  zedprime posted:but don't be surprised when people call you out for an Austrian capitalist obsession with sound currency. Crypto Cobain fucked around with this message at 15:46 on Apr 29, 2020 |
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Apr 29, 2020 15:42
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If there is a dark age of the Western market based economies coming soon, why cryptocurrency? What is the special part of it that's going to make it the best hedge to set you up to navigate the dark age? Please compare it to a basket of some other apocalypse commodities like metallics, real estate, seed banks, heavy machinery, or hell I'll accept guns as a comparison point.
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Apr 29, 2020 15:55
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zedprime posted:If there is a dark age of the Western market based economies coming soon, why cryptocurrency? What is the special part of it that's going to make it the best hedge to set you up to navigate the dark age? Please compare it to a basket of some other apocalypse commodities like metallics, real estate, seed banks, heavy machinery, or hell I'll accept guns as a comparison point. 
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Apr 29, 2020 16:00
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incapable of functioning as a currency high high low
Khorne fucked around with this message at 16:05 on Apr 29, 2020 |
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Apr 29, 2020 16:03
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Bitcoin is superior to gold in nearly every way for a 21st century hedge against inflation, and look how well gold has done compared to the dollar: Khorne posted:incapable of functioning as a currency high medium low
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Apr 29, 2020 16:03
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Fleetwood Crack posted:I believe it will be within our lifetimes, but I wouldn't call that 'soon'. Bitcoin's moment on the other hand is coming soon. Also if you are going to claim to have watched Bitcoin for years you should know posting price charts is meaningless. Especially to attempt to claim the moon is coming, this time for sure!
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Apr 29, 2020 16:05
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CampingCarl posted:You keep saying things related to that but never actually clarify how Bitcoin fixes those problems. Bitcoin does not eliminate the fed, it just seeks to exchange one set of central monetary control with another. To be fair to Satoshi that wasn't his intent, but that is what it is. Secondly, I look at the overall trend since bitcoin's inception and see only a positive trend.
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Apr 29, 2020 16:09
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CampingCarl posted:Also if you are going to claim to have watched Bitcoin for years you should know posting price charts is meaningless. Especially to attempt to claim the moon is coming, this time for sure! I like how they sold 1/4 of their "investment" BEFORE the gains. Big brain stuff
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Apr 29, 2020 16:10
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Fleetwood Crack posted:First of all moon is relative. For anyone who invested before 2013 and held, the moon is already here and has been since it hit 10k.
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Apr 29, 2020 16:22
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The only value of bitcoin is when you cash it out into real money
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Apr 29, 2020 16:25
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Khorne posted:incapable of functioning as a currency high high low  fungible high, scarcity is good, "established history" good, come the gently caress on
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Apr 29, 2020 16:25
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Fleetwood Crack posted:I don't think we're headed for an apocalypse, just a long-term period of inflation of most nation's currencies which will benefit crypto as a hedge against that. Still, I'll indulge you and go with gold as a point of comparison. hahaha what the gently caress kind of bullshit is this chart pro tip for you my dude: punching an opinion piece into a spreadsheet doesn’t suddenly mean it’s hard data
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Apr 29, 2020 16:32
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Fleetwood Crack posted:I don't think we're headed for an apocalypse, just a long-term period of inflation of most nation's currencies which will benefit crypto as a hedge against that. Still, I'll indulge you and go with gold as a point of comparison.  Sorry if my biases aren't incredibly clear, I am very bullish on sandwiches.
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Apr 29, 2020 16:33
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Fleetwood Crack posted:I don't think we're headed for an apocalypse, just a long-term period of inflation of most nation's currencies which will benefit crypto as a hedge against that. Still, I'll indulge you and go with gold as a point of comparison. If you’re going to keep putting up graphs and poo poo, please ensure you link the source to establish some semblance of validity.
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Apr 29, 2020 16:36
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Burt Sexual posted:If you’re going to keep putting up graphs and poo poo, please ensure you link the source to establish some semblance of validity. https://medium.com/coinmonks/fiat-v-gold-v-bitcoin-706a03332f2b
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Apr 29, 2020 16:44
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Dewgy posted:hahaha what the gently caress kind of bullshit is this chart
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Apr 29, 2020 16:57
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Fleetwood Crack posted:The traits in that chart are self-evident. For example, do you believe gold is easily portable, divisible, or programmable? Didn't think so.
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Apr 29, 2020 17:00
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CampingCarl posted:If the dollar was still backed by gold do you think Bitcoin would have advantage over it? Crypto Cobain fucked around with this message at 17:06 on Apr 29, 2020 |
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Apr 29, 2020 17:04
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Price charts don't really solve the underlying issues with bitcoin being completely strangleheld-controlled by a tiny group of people, any single member of which could destroy the entire system tomorrow but they only don't do that because they make more money continuing to strictly control the system
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Apr 29, 2020 17:04
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Ad by Khad posted:Price charts don't really solve the underlying issues with bitcoin being completely strangleheld-controlled by a tiny group of people, any single member of which could destroy the entire system tomorrow but they only don't do that because they make more money continuing to strictly control the system
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Apr 29, 2020 17:08
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Bitcoins are highly fungible in that they can easily be converted into a bag of Amazon gift cards in a parking lot, so that part makes sense
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Apr 29, 2020 17:11
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Who's saying they'll never do it? They sure could. Roger Ver is an example of someone who wanted to change btc for the better and completely failed because that elite group chose to keep btc exactly as it is so they could make more money rather than have it be more usable as a currency Roger Ver is a hosed up selfish turd but he was a hosed up selfish turd on the wrong side of that argument, and now he hawks a bitcoin fork instead
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Apr 29, 2020 17:17
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Ad by Khad posted:Who's saying they'll never do it? They sure could.
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Apr 29, 2020 17:20
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Fleetwood Crack posted:Not nearly as much as it does today, but crypto would still have some important differences - mainly that's it programmable and censorship-resistant.
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Apr 29, 2020 17:26
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