1
EllipticCurveBall 1 point ago +1 / -0

You don’t seem to understand the concept of a decentralized blockchain.

It’s a consensus protocol that happens to be carried out on digital platforms, it is not dependent on them. You could technically run bitcoin on paper by hand if you were capable of solving elliptic curves in your head

My point is, the whole network must be in consensus. If there was some root level vulnerability for a computer, it wouldn’t affect blockchain consensus unless it were exploited on every node in the whole network, which are running different operating systems, different hardwares, even different softwares. There’s just no feasible way to take down an at scale decentralized consensus protocol like Bitcoins. It doesn’t matter if some Zero Day for Linux is discovered

2
EllipticCurveBall 2 points ago +2 / -0

That’s like saying Donald Trump shouldn’t seek power because “Klaus Schwab wants power”

1
EllipticCurveBall 1 point ago +1 / -0

Let’s just go back to living in caves because of the impossible complexities of modern technology.

1
EllipticCurveBall 1 point ago +1 / -0

What are you talking about? Deflation is when there is less currency not “producing more currency”

There mathematically can not be more than 21,000,000 BTC and there are less every year as it erodes due to dusting and other phenomena.

Bitcoin is deflationary. Not inflationary. There is less currency every year.

1
EllipticCurveBall 1 point ago +1 / -0

You’re wrong. There is a SHA256 checksum. I can mathematically guarantee that the data is the truth.

And every participant node in the blockchain DOES verify every transaction!

1
EllipticCurveBall 1 point ago +1 / -0

Government can ban anything. Should I say “don’t use gold, government can ban it”?

Bitcoin is our best option at the moment. I’m not shilling anything, it’s market cap is over $1T I hardly thing my anonymous comment on a tiny thread will impact that at all. Am I the one not thinking?

1
EllipticCurveBall 1 point ago +1 / -0

I program blockchain for a living so get off your high horse. I understand fully how it works.

If bitcoin hard formed into a “pink soccer ball” everyone would use the original fork. This has already happened with BSV.

1
EllipticCurveBall 1 point ago +1 / -0

That’s literally deflation, the exact opposite of inflation. 1 BTC used to buy a slice of pizza, now it buys a car. $1 USD used to buy a movie ticket, now it buys 1/4 of a candy bar. Deflation vs Inflation

1
EllipticCurveBall 1 point ago +1 / -0

Bitcoin is not “opaque”. It’s 100% open source and the ledger is fully visible. You literally can verify the entire bitcoin ledger yourself and if you run a node you have to. Every single transaction hash must match.

1
EllipticCurveBall 1 point ago +1 / -0

You are completely wrong. Bitcoin is not as complex as you think. I myself rewrote the entire bitcoin framework in a JavaScript library from scratch. I have a full understanding of the entire mechanism and it only took a month (granted I’m already a programmer by trade)

1
EllipticCurveBall 1 point ago +1 / -0

You realize Bitcoin is open source right? Nothing is obscured

16
EllipticCurveBall 16 points ago +16 / -0

You’re grossly misinformed. True cryptocurrencies like Bitcoin can not be inflated. That’s the whole point. It’s the only sound money because it’s guaranteed by math

11
EllipticCurveBall 11 points ago +11 / -0

100% of people can be hypnotized by the hypnotoad. Even robots. Even fry with his lack of delta waves

2
EllipticCurveBall 2 points ago +2 / -0

What a bad take. It’s obvious you’ve never been to the south

7
EllipticCurveBall 7 points ago +7 / -0

Having lived in a place that gets immense snow for half the year, and also having lived in the south where once every 4 years you may get an inch of snow, I totally understand why everything closes with an inch of snow in the south. There are NO snow plows. There is NO salt. There is NO gravel. Everything ices immediately. Almost none of the cars are 4WD. Almost all drivers have zero experience with snow driving. It is not worth investing in the billions in infrastructure required to handle conditions that come once every thousand days.

1
EllipticCurveBall 1 point ago +1 / -0

This morning he is finally off the vent and recovering. Additionally his son confessed his eyes have been opened and even said “I love God”. Thank you for your prayers.

1
EllipticCurveBall 1 point ago +1 / -0

This morning he is finally off the vent and recovering. Additionally his son confessed his eyes have been opened and even said “I love God”. Thank you for your prayers.

1
EllipticCurveBall 1 point ago +1 / -0

This morning he is finally off the vent and recovering. Additionally his son confessed his eyes have been opened and even said “I love God”. Thank you for your prayers.

2
EllipticCurveBall 2 points ago +2 / -0

This morning he is finally off the vent and recovering. Additionally his son confessed his eyes have been opened and even said “I love God”. Thank you for your prayers.

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