So fees being too high is bad for bitcoin, and fees too low is bad for bitcoin?
Readit Newsandirk commented on Bitcoin miners say fee drought poses existential threat to network dlnews.com/articles/marke... · Posted by u/toss1
andirk commented on Bitcoin miners say fee drought poses existential threat to network dlnews.com/articles/marke... · Posted by u/toss1
This one may or may not be a big deal, but bitcoin has a number of unknown and poorly understood long-term risks. There are tail events like a SHA-256 attack, 51% attacks while shorting futures, and long-term behavior of an asset where the supply continuously decreases.
Bitcoin and crypto in general has risks like any other investment, just a lot more of them. SHA-256 attack means everything's doomed though right? And 51% attack with the size of the network is some absolutely insane amount of GPU power right? My biggest concern is if there is a growing lack of interest. I have thought that ever since USD 10k, though, which is kind of what this "drought" is suggesting.
Can someone explain how a BTC tumbler can fail to obfuscate the history of a certain BTC wallet? Seems like such an easy way to basically blame everyone involved in the tumbler which is not how prosecution works.
A defense counsel tactic similar to this is to put doubt in to _which_ of a handful of individuals did the crime when each is blaming the other, and that doubt is enough to be found not guilty.
andirk commented on Open Banking and Payments Competition bitsaboutmoney.com/archiv... · Posted by u/smitop
Bitcoin's high volatility means that it's impossible to predict exactly how much value one Bitcoin will have tomorrow, next month, next year, or next decade. USD has comparatively low volatility. It's possible, but very unlikely, for USD to go to zero tomorrow, and while the uncertainty around exactly how likely USD is to collapse increases as you look further towards the future, most people would consider it less likely for USD to collapse than Bitcoin. Since markets are made up of "most people", most people are more willing to accept USD to exchange value than they are Bitcoin. Therefore, USD is a better store of value than Bitcoin
Prediction that has been right 100% of the time (so far): Bitcoin's value will be more in the future.
Now that stonk people are in to BTC and it's worth is much higher, it's volatility is far less. It's still a speculative asset and with plenty of risk, but it's definitely a store of value for at least some % of one's savings.
andirk commented on Testing Bitchat at the music festival primal.net/saunter/testin... · Posted by u/alexcos
Is a 'Bit' prefix now solely read as a bitcoin reference?
I thought it existed before bitcoin as, like, some computer thing or the platonic ideal of information. Did I get that wrong? Does 'bit' just mean bitcoin?
Been shilling crypto since 2016 and never heard "Bit" as a reference to bitcoin. Common are: Bitcoin, BTC, satoshis, sats, crypto, bitkorns, space cash.
andirk commented on The day someone created 184 billion Bitcoin (2020) decrypt.co/39750/184-bill... · Posted by u/lawrenceyan
What's incredibly pedantic is insisting that Bitcoin is based on "social consensus." That’s only true in the most superficial or tautological sense - like saying anything people agree to use is based on "social consensus". It doesn't explain at all how the Bitcoin protocol actually achieves consensus (proof of work).
Through a lot of people agreeing on a standard.
Why does it make sense? When the price is so volatile.
If the companies are so confident of their trading ability then they should stop their existing business and become trading companies.
I see it as more of a hedge. Put 1% into the counterpoint to the rest of your portfolio. I'm personally heavily invested in crypto so I make sure to hold traditional stonks as kind of a hedge against all this space cash crashing to ground. At this point though, crypto are basically ETFs so it's all one big pie now.
oh no
I remember working for a client who needed to support IE6 (with all the insane bugs/quirks/limitations) and I’d despair every time the designers would hand over a Photoshop design with rounded corners. They also needed it to be responsive (at the time mostly just different desktop sizes). Would usually require cutting the corners out and positioning them in table cells. There’s a certain amount of dev resilience you build having to do stuff like that by hand!
I remember using the "Sliding Doors" technique.
https://www.htmlgoodies.com/css/how-to-create-sliding-doors-...
It is exactly designed this way, power off some hardware for a while if it is no longer profitable