With how saturated the mining community is, you have to buy a Bugatti, put a brick on the gas pedal, all while sitting in neutral gear, and leave it running for 24/7.
Or swap for Monero over Bisq (TOR market). Whatever. Bitcoin is Snitchcoin. Everything is broadcast enough you cannot avoid it. Even your methods aren’t enough.
Doesn’t stop the transaction from being broadcast all details. TOR or not don’t matter. Broadcast of all details is %100 lightning or not. Monero DOES “hide” your details. It may be visible that I access the Monero network if I don’t ride a VPN but it doesn’t matter. No more info about said usage is broadcast.
I can see you used PornHub today too. Should have used a VPN. I know how long you watched each of those videos too. Maybe find a VPN that accepts Monero, not the Snitchcoin.
We don’t strongly disagree here - we’re both protecting our online privacy by bouncing that traffic around a little, through either a VPN or Tor.
We’re betting our freedom on the assumption that the bad guys won’t compromise each hop. It’s easier for them to compromise PornHub and then my VPN than it is to compromise each LN hop. So Monero won’t make my wanking any safer; the dick police will just go after the weakest link.
The value overflow incident was a bug that allowed some dude to give himself a bazillion bitcoins. It was caught and fixed before he spent any.
I didn’t mean literally a car, I was going a long with their metaphor.
I saw a Veritasium video where they use a massive engine as part of a whole facility that tests buildings for earthquakes. That’s not something that’s going to be a problem. And in some applications, fossil fuels are what makes sense to use.
We should definitely use them in as few applications as possible, but yeah, if you wanna act like we should stop using them completely, in all applications, you can keep hallucinating.
Yes it was, lol. By design it can only function as a ponzi scheme, the itention might have been something else behind it but that doesn’t mean it wasn’t a scam from the get go
It’s known that the original guy mined a whole bunch of coins to start with and has never cashed them in. He doesn’t seem to care about money much and just wanted to work on something interesting. Bitcoin is really a garage project that’s gotten out of hand.
Now, everyone who picked it up after that on a Greater Fool theory, sure, absolutely.
By being designed a deflationary currency, Bitcoin price was “doomed” to repeatedly spike with every halving. The “scammers”, then, are the people who got in early and hoarded Bitcoin.
So then the people who buy paintings from deceased artists are also scammers? They thought the exact same thing…I want to but this intrinsically useless thing that I think will increase in value because only a finite number exist and I think more people will want it in the future.
A scam is a deception of some sort. BTC is open source. No one is tricked into buying it any more than artwork.
Paintings are beautiful. Products are useful. Bitcoin is… nothing. It’s speculation. Any time when it could have been used as a practical currency is long gone.
If only anyone could actually prove btc is a scam in any way I’d gladly agree… any evidence at all. No evidence against an open source project since its inception 14 years ago. Is the evidence that impossible to reveal?
I’ll watch it. I hope it’s not 2 hours of opinion but actual dive into btc source code that shows something that I guess everyone(including banks and investment firms) has missed.
edit: This matches exactly what I said that scammers have taken an opportunity but btc was not created as a scam as was stated…so IS this a waste of 2 hours where btc is not the target but just a bunch of other coins and nft?
He also says that in order for anyone to make money by trading actual dollars for bits on a blockchain and then back again, or by mining those bits by paying an absurdly large power bill (to say nothing of single purpose hardware that becomes useless within a few years) and then selling them to the next guy, one must somehow convince some other poor soul that those bits on that blockchain are now somehow worth more dollars than they were when one bought them to begin with. No cryptocurrency can exist without bagholders. Categorically.
Agreed. It’s not inherently a scam nor a ponzi since this rely on lying about how much money you have to pay back everyone at once. Btc is similar to artwork. There is no intrinsic value to it unless everyone agrees it has. Work is done to complete both and both are unique. Both are finite. Only 21 million btc will ever exist and only x numbers of paintings by this dead person will ever exist. If enough people believe both are valuable then their values will rise.
Yep, people will throw hundreds if not thousands of dollars at big tech giant for random useless cosmetic stuff. Using this late stage consumerism drive for actual good is honestly the best solution. This is not sarcasm. I actually lost faith in the fight against Hyper-consumerism.
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