What do you personally use bitcoin for? Is it practical etc?
It seems from reading many posts across different bitcoin subreddits that most just hold their bitcoin. Do you ever actually use it? Speaking personally I have never HODL'ed and probably never will. The main reason for my own bitcoin use is to transfer funds to/from offshore bookmakers. Mostly and unfortunately I send more often than I receive. So I admit that the only practical reason for me to use bitcoin is to gamble at offshore sportsbooks. Also, its far from perfect. For example, I cashed out $650 worth of btc a couple weeks ago. After transferring the btc to my wallet, then to shakepay/fees etc etc I received $592 CAD. So bitcoin is convenient - I took my payout at 2AM and it was available as CAD in less than an hour the cost was steep. This has to improve.
A quarter of Tor nodes are compromised, changing Bitcoin addresses to the operator's address. How does this work so well? Because a pile of Bitcoin mixers use plain-text http, instead of https. Because coiners are blithering incompetents at practical security.
@Reuters: In Africa, bitcoin - the original and biggest cryptocurrency - is finding the practical use that it has largely failed to elsewhere https://t.co/9Wj1w23iS7 by @alexisak @tomwilson1983 https://t.co/yrQhYwQYFB
@Reuters: Abolaji Odunjo's shift to using #bitcoin has boosted his profits as he no longer has to buy dollars using the Nigerian naira or shell out fees to money-transfer firms. It is an example of how, in Africa, bitcoin is finding practical use https://t.co/va71KPWyid https://t.co/LRV6GYttLo
10-25 16:27 - 'I'm talking about real problems here with bitcoin. / Monero is just the one who found a way to solve the issues, and is being used IN PRACTICE. / Monero supplanted bitcoin at the one thing bitcoin is supposed to do, even...' by /u/truthtortoise removed from /r/Bitcoin within 83-93min
''' I'm talking about real problems here with bitcoin. Monero is just the one who found a way to solve the issues, and is being used IN PRACTICE. Monero supplanted bitcoin at the one thing bitcoin is supposed to do, even without first mover advantage. It's doing the job. Getting it done. And guess what? I love bitcoin. But both coins address different needs. Bitcoin is more like digital land than digital money, now. ''' Context Link Go1dfish undelete link unreddit undelete link Author: truthtortoise
09-23 17:25 - 'Sats giveaway! But you gotta be quick because this contest only lasts for 30 minutes. So tag a friend! Bitcoin uses ____________ for mathematical and computational practice of encoding and decoding data...' (twitter.com) by /u/Bitcoin_Magazine removed from /r/Bitcoin within 123-133min
How is bitcoin practically used in face to face transactions? Ive done it twice in person using USD as a conversion tool but say it receives mass adoption, is it going to be like "yeah this is 0.0000031 satoshi." "Wait how many 0s?" How can this confusing interaction be streamlined? Normies will NEVER catch onto that. Burgers are fucking called double quarter pounders
11-10 01:33 - '[quote] There's no difference between the two - most Ancaps become fascists when they realize their ideology is a complete waste of time with no practical use or existing examples. / [quote] I don't know who the fuck t...' by /u/Colonel_Endemonia removed from /r/Bitcoin within 6-16min
Oh now I'm a fascist too? Looool. I'm actually also an anarcho-capitalist.
There's no difference between the two - most Ancaps become fascists when they realize their ideology is a complete waste of time with no practical use or existing examples.
So you support Ross's double-lifetime sentence for being an anti-state libertarian?
I don't know who the fuck this is, but if you like him, I'm deeply saddened they didn't receive the death penalty.
You mean the resources it has violently stolen from unwilling people.
I don't care.
Do you support violently stealing from your neighbours?
If it was necessary to survive - sure.
You mean the humanity that benefits from the stolen blood-soaked loot.
I don't care, and I'm okay with that. Its just how the world works.
Ancaps, most of the og bitcoiners
Ancaps, people that use government electrification to run their fictitious capital? Try running your shitty Ponzi scheme without government assistance, and then I'll be impressed.
Just like a thief benefits from his theft. The person being stolen does not benefit.
Cry about it
Like, people should become more civil and not use brutal violence to steal from others and to not violently force their way on others, right?
No, it should use even more violence to deal with desperately important issues such as climate change and poverty. China, for example, has the right idea on how to use state resources to accomplish these goals. It is the more efficient form of capitalism, and such a state will be very useful in the future for dealing with inevitable widespread discontent we're on course for very soon.
story of Hitler right
Hitler was interested in liquidating people for their race. Communists are interested in liquidating classes, people that hoard wealth that they'll never be able to spend in a life time, but wealth that could be used to greatly benefit humanity. One famous communist who supported such position was a man called Adam Smith. You probably don't know him though.
What is "value-form"?
Exchange-value - the value you pay for selling commodities on a market.
How do you "do away" with wages? What if me and my employer agree to some contract where we trade my labor for bitcoins -- are you going to imprison or kill us?
We're going to centralize all production by the state, and introduce rationing, quotas for goods according to a central plan. Distribution without private markets.
So I can take your laptop? Or move in to your house?
You can try.
You have no problem with violently forcing everyone to pay for shitty government-monopoly services, like mail delivery, schools, hospitals and welfare? And I thought you were against money (wage labor), why not just force teachers and doctors to work for free at gunpoint? That's much more direct and efficient.
I don't think you know what transition means. But again, you're an ancap, you don't even know what capitalism is, and I doubt you even own capital. You're a leech defending an ideology you don't benefit from because you're a wage slave at the bottom of the ladder like the most of us.
Killing people is just how the world works. Before there were capitalists - there feudal lords that had to be hanged to bring about this system. The difference is that we don't have to hang people anymore - bullets and killer drones suffice.
Why do you use the euphemism "being taxed" instead of the more accurate "violently forced at gunpoint to pay for things I don't want or need"?
If you don't need these things - feel free to leave this society. Again, you don't have to be here
You're aware the current governments collude in a planet-wide cartel, where every inch of land is illegitimately claimed by them, right? Liberlanders are learning this the hard way -- even with so-called abandoned land that no country officially claims, they were not allowed to create their own community.
CMV: Bitcoin's lack of intrinsic value and its hyperledger limited practical use cases means that its current valuation is a bubble
The bitcoin is not backed by anything. The only practical value fo the bitcoin blockchain (which lacks smart contracts) is as a single source of truth for registrations of patents, land and real estate... This is certainly useful, but doesn't justify the astronomical value that bitcoin has. Gold comes to mind as a precious commodity that has limited industrial use yet is valuable. However there can't be a replacement for Gold. On the other hand anyone can create an alternative cryptocurrency, and indeed there are many. Now certainly if it was the single source of truth for all land registrations and patents in the world it would have value. but as it is most of the value comes from its scarcity and the fact that people are investing money in it. Which makes it a bubble.
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