Put simply flying cars are horrible. Dangerous projectiles piloted by idiots or untrusted AI guzzling fuel and/or electricity and an absolute FAA nightmare.
You think drunk drivers are bad? Wait till you get drunk flyers hitting your house at 200+ mph and wiping out the extended family.
You want someone to fly a miniature aircraft at over a hundred miles an hour with hardly any pilot training? Or are we gonna force them to pay $100k+ for flight school first?
Put simply flying cars are horrible. Dangerous projectiles piloted by idiots or untrusted AI guzzling fuel and/or electricity and an absolute FAA nightmare.
You just repeated what I just said. You don't want flying cars?
You want someone to fly a miniature aircraft at over a hundred miles an hour with hardly any pilot training? Or are we gonna force them to pay $100k+ for flight school first?
The results are the death of the planet. Those are the results. Are you going to stick with the system that gives those results or something else? Clock's ticking motherfucker.
The end of the world as you seem to describe it is not really the end. Just another bloody chapter of human history. Personally, I think all the chapters of human history are bloody.
The results are the death of the planet. Those are the results. Are you going to stick with the system that gives those results or something else? Clock's ticking motherfucker.
The planet, and life in general are much stronger than you give them credit for. "Life, uh, finds a way."
At least those assholes had the pretense of making things better. Capitalists just murder and destroy to make an extra buck.
Guy: "I made something, would you like to buy it?"
LR: "Stop murdering & destroying! Eeeeeeeeehhhhhh!"
Guy: "OK then..."
Fiverr no longer accepts Bitcoin.
Don't provoke the FOMO'ers. Crypto will start heading back to Earth any minute now. Place your buy orders at $650
Just a friendly reminder not to FOMO into the market right now. 20% hike in the past week from $670. Peak growth is almost over, expect a drop soon.
I better not see any waking bull memes.
Just a friendly reminder not to FOMO into the market right now. 20% hike in the past week from $670. Peak growth is almost over, expect a drop soon.
The "Marco Coino" app is excellent for finding bricks-and-mortar merchants accepting Bitcoin Cash (BCH)
I'm 100+ miles away from the nearest one. 4 hour car ride.
So are we just migrating here from Capitalism now?
Debt money contracts are bank notes. Good luck getting someone to accept a Bitcoin bank note, when it offers no more convenience over using BTC. People wouldn't trust it.
Among other things, Bitcoin can be proven and trusted with POW and audited and traced with the transparent blockchain.
Banker understand this. The single BTC can be re-loaned multiple times. John to charlie to mike then frank. 1 BTC passed hands in the loan but created 3 BTCs worth of Debt.
Without spending, the BTC can pass back up the chain of debt. With spending, the BTC to repay the debt must come from elsewhere.
Not being able to have daddy Federal Reserve print you money when you fail may make banks more responsible when using bitcoin. That might make them not too quick to adopt it.
Also, if they lent out Bitcoin directly, not as a basis for their reserves, it would be impossible for them to do fractional reserve banking. Would require an extremely low deafult rat
Doesn't matter what type money it is. Once you loan it out, it becomes debt. That money can then be reloaned again, making more debt. Please read the article posted.
You are describing fractional reserve banking, which can be done with anything in theory. But there is no Bitcoin press in case of a run on the banks.
Bitcoin with tokens is the solution. So business can color tokens redeemable in goods or services only. They become self issuers of credit.
Isn't untokenized Bitcoin already redeemable in goods or services only? Or are you talking about making a gift-card esque economy where spending is restricted to specific applications?
This is my first memo post! When does BTC pass BCH in value?? Let's celebrate that we are ALL some of smartest mf's on the planet.
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Its nor broken. Its the failure of the gold standard. Doesn't matter the amount of BTC in existence, It can grow infinitely in DEBTS it has to pay. I could loan 1 BTC to 10 BTC of debt
So, what you are saying is we need to eliminate debt?
Well, ideally it should work like this:
1 BTC is lent by Alice to John
John re-lends it to Joe
Joe pays back john 1 BTC, who then settles his debt with Alice with that same 1 BTC.
But, this model is broken too, since this example hinges on the lenders and debtors owing the entire supply of the currency, which simply does not occur IRL.
You dont have to print it up. You loan me 1 BTC then i loan it again for 1 BTC. Now there is 2 BTC worth of DEBT in the system with only 1 BTC worth of money. Bankers revel in this.
Well, ideally it should work like this:
1 BTC is lent by Alice to John
John re-lends it to Joe
Joe pays back john 1 BTC, who then settles his debt with Alice with that same 1 BTC.
Doesn't matter what type money it is. Once you loan it out, it becomes debt. That money can then be reloaned again, making more debt. Please read the article posted.
You can't loan more Bitcoin collectively than exists. And you can't print more to make up for it. The lending pool runs dry, it stays dry.
What is taking so long to get this feature?
Getting the messages to remain private. KeyPort uses contact codes, if you have two peoples codes you can decrypt everything they say. On-chain privacy in OP_RETURN is not ready.
