People like to say that bitcoiners are speculators, gamblers etc. But what is not owning Bitcoin?

It’s betting that fiat money, a system devised by bankers and politicians for their own benefit, it the superior form of money, and that it will win on a free market of currencies.

I’m sure somebody will reply hurr durr, I don’t own fiat, I own stocks, property, things that yield returns, yadda yadda. Well guess what, then you already don’t trust fiat money.

      • hitwright@lemmy.worldEnglish
        11·
        1 year ago

        Did they figure out the size issue yet? Since last time I’ve looked it wasn’t really that decentralized due to not being able to get the whole chain on each PC

        • SwingingKoala@discuss.tchncs.deOPEnglish
          13·
          1 year ago

          It’s 2023. Lol. You don’t have 600G? And obviously never heard of pruning mode if you want to run a full node.

          • hitwright@lemmy.worldEnglish
            2·
            1 year ago

            No I don’t have 600G to spare. No need to start insulting me. And no idea what’s pruning mode. Did they fix the algo to be based on something more regular, or specialized hardware still required making it not so decentralized as advertised?

            • SwingingKoala@discuss.tchncs.deOPEnglish
              22·
              1 year ago

              If you don’t even know the basics about it, why do you try to criticize bitcoin? You don’t need the 600G. And “specialized” hardware that’s available worldwide is centralized, huh? Are Android phones centralized?

              • hitwright@lemmy.worldEnglish
                21·
                1 year ago

                I ask questions about inherit problems bitcoin had (likely still has). Maybe some breakthrough happened. So far I’m hearing personal attacks from you.

                All I can imply now is that you’re invested in this fool’s gold and trying to find other people to sink with you.

                • SwingingKoala@discuss.tchncs.deOPEnglish
                  11·
                  1 year ago

                  Attack? What was the attack? Asking questions about your hardware? Stating facts about your knowledge that you don’t deny? You seem to offer no argument of value.

    • SwingingKoala@discuss.tchncs.deOPEnglish
      12·
      1 year ago

      What’s the price of shipping a gold bar from one continent to another? Because that’s the finality a Bitcoin transaction gives you, so let’s compare equals.

      • hitwright@lemmy.worldEnglish
        11·
        1 year ago

        I’m not shipping gold bars mate. A transaction costs around 20 cents, which is cheap for me. If Bitcoin wins there it can easily win in internet shopping for example. (For some reason still didn’t happen?)

        Bitcoin is often compared to gold, but gold has some inherit usefulness. Gold use in microchips or plating for contact as an example. Bitcoin on the other hand has a promise of value, just like the dollar. So please don’t lie to yourself about it being equal.

        • SwingingKoala@discuss.tchncs.deOPEnglish
          1·
          1 year ago

          Exactly, you just push numbers on a ledger around, which bitcoin can do on layer two at basically zero cost in an instant worldwide, better than your system. While central banks repatriate their gold. I guess being official currency in a country isn’t winning, people like you will just forever move the goalpost. Inherit usefulness?