You realize bitcoin is, like, intentionally designed to get around payment controls that allow third party chokepoints to, say, prevent you from buying automatic and semiautomatic weaponshttps://twitter.com/chamath/status/967443937412567042 …
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And before anyone tells me about zerocash or http://keybase.io yes those things are great, they work great for all 10 people who need them
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BITCOIN IS THE WORST OF BOTH WORLDS BECAUSE IT INTENDS TO BE CENSORSHIP RESISTANT AND IT ISNT EVENhttps://twitter.com/alan8325/status/969737293215891456 …
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> rejects the idea of moral responsibility in payments systems as a fundamentally untenable idea, embraces censorship resistant tech > fails
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It’s a wildly volatile speculative vehicle tied to sovereign currency that is chokepointed by a small handful of intermediaries who comply with KYC!!!!!!!!!!!!!!!
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I could probably pull up every blog post from 2012 about what bitcoin can do and put a strike through every bulletpoint for the state of 2018
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By embracing bitcoin as a vehicle for speculation over a currency qua currency you undermined any possibility of bitcoin as censorship resistant money tech you dumb shits
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You’re just buying and selling Damien Hirsts to each other, it’s great that you’re making so much money but please stop trying to convince me that Damien Hirst is good
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Blockchain is the perfect tech bro product. It is hard to explain and creates artificial scarcity by design.
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Just because a technology is complex does not mean it can’t add simple value to life. Computers are hard as fuck to explain yet we love the value they provide. I see great value in non-repudiated triple accounting provided by a blockchain. Note I didn’t say Bitcoin.
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I don't dispute it's value, but the risk is huge cuz of this.
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Every time I learn of some random new thing being put on the blockchain I think of a killjoy school principal in a John Hughes-style movie warning "this is gonna go down on your permanent record."
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Because blockchain can give a scalable and workable way to assign ownership of digital assets, even outside of 'tokens of value'. That's important.
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*looks at the block size issues* *Looks at transaction fees* *Looks at execution completion times* *Looks at growing ledger size* Yes, "scalable".
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Are you actually looking at those things, though? Or are these things you heard? Transactions are currently in minutes and fees are almost zero. LN makes ledger size a non-issue.
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Minutes. Transactions are in minutes and transaction fees are measures in dollars and this is a good thing. Jesus take the fucking wheel. 149GB to do 4 orders of magnitude less than just American equity trading alone.
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Meanwhile Bitcoin has had 2 hard forks a year specifically because they refuse to solve the very real technical scalability problems they're experiencing. For fucks sake, bitcoin has some novel computational properties but don't come in here and try to say it's fucking scalable
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The HF to Bcash was more about politics and some people wanting to make more millions than it was tech. Considering the massive attacks BTC has withstood, I've been amazed how well it has scaled in such a short time. Nobody is claiming it is perfect.
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Growing segwit adoption and lightning network mainnet are also contributing massively to faster, cheaper transactions. For me, it's an objectively better way to store and transfer value than fiat and the tech won't stop getting better.
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Explain to me how Bitcoin isn't Fiat. It doesn't have "intrisnic" value by any metric. You can argue it has value for it's payments security, but so does the finance system.
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Because it then becomes immediately verifiable. Otherwise you simply "trust" a bank to have your $$. When in reality they don't have your $$, they're loaning it out. Hence Regulation D. Also, centralized banking services are primed for bank fraud:http://money.cnn.com/2018/02/27/investing/nirav-modi-punjab-national-bank-fraud-2-billion/index.html …
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Le chargement semble prendre du temps.
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