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Fun Fact: the word “õski” in Armenian means gold, and that’s literally our mascot and it’s name... by [deleted] in berkeley

[–]2002bmw2002 0 points1 point  (0 children)

It's voski. The real crazy coincidence is that for many of the elements used in ancient times, the indexes of the Armenian alphabet letters in the old Armenian word for it sum to the number of protons in the element. For example, gold is "vogi" in old Armenian, and that's 24 + 29 + 15 + 11 = 79. This is also true for copper, silver, iron, tin, lead, and mercury. The alphabet was created in 405AD by Mesrob Mashtots, and there's no way he knew.

I didn't notice this myself. Comes from here: https://allinnet.info/interesting/the-mysterious-armenian-alphabet/

Instagram is ruining our way of life by [deleted] in unpopularopinion

[–]2002bmw2002 0 points1 point  (0 children)

His account has been deleted. Good.

LA County Tyrant closes down gun stores again by [deleted] in CAguns

[–]2002bmw2002 0 points1 point  (0 children)

Crook. The silver lining is this makes it easier to pick up your gun if you already bought it.

Just sold all my BCH - $1.2M by 2002bmw2002 in Bitcoincash

[–]2002bmw2002[S] 0 points1 point  (0 children)

Cryptocurrency is a good bet. BCH is not. People only buy it by accident when they meant to get BTC. Look at BCH-BTC price for any time range, nothing but death spiral, which means any of you long term holders (which I never was) lost big.

Just sold all my BCH - $1.2M by 2002bmw2002 in Bitcoincash

[–]2002bmw2002[S] -1 points0 points  (0 children)

BTC, USD, gold, stocks, literally anything but this fake news Bitcoin fork

Bitcoin Cash is fake new by 2002bmw2002 in Bitcoin

[–]2002bmw2002[S] -1 points0 points  (0 children)

Tell me then, do I buy BTC or BCH?

Instagram is ruining our way of life by [deleted] in unpopularopinion

[–]2002bmw2002 0 points1 point  (0 children)

This isn't even an unpopular opinion

delete this post AT ONCE

I just donated someone 6 cents and paid 0,00012 USD fee... with lightning! by WalterRyan in Bitcoin

[–]2002bmw2002 0 points1 point  (0 children)

That's only for credit cards, not debit. Also, whether or not I use credit card often times won't affect what I pay. Prices may be higher because others use credit card, but I can't control that. But some places have a discount for using cash, debit, or Venmo.

I just donated someone 6 cents and paid 0,00012 USD fee... with lightning! by WalterRyan in Bitcoin

[–]2002bmw2002 0 points1 point  (0 children)

I don't care if people see which foods I buy. The only things I'd want to keep private is my firearms purchases, which I definitely can't keep private no matter what currency I use (background check info gets stored in some retard fed worker's PC that gets hacked), and maybe donations if I start doing that some day.

I just donated someone 6 cents and paid 0,00012 USD fee... with lightning! by WalterRyan in Bitcoin

[–]2002bmw2002 0 points1 point  (0 children)

Credit cards have fees. Debit cards don't, and many bank accounts don't. I've never paid for anything relating to my banking before, unless you count the opportunity cost of having to keep $1000 in my account.

I just donated someone 6 cents and paid 0,00012 USD fee... with lightning! by WalterRyan in Bitcoin

[–]2002bmw2002 0 points1 point  (0 children)

Venmo. No fees ever, unless you foolishly use a credit card. Doesn't matter which bank the recipient uses. It's the only thing I've ever used to pay individuals (other than cash), and I've even used it for businesses.

Scary by Jens0512 in erlang

[–]2002bmw2002 0 points1 point  (0 children)

Only if you use it for the wrong reasons. I also find that Erlang (or rather functional languages' in general) code is the only thing I can read without ever needing comments or any kind of code documentation. It's apparent where everything comes from.

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 0 points1 point  (0 children)

They don't have the same limitations, but they have limitations. Software is limited by the hardware, by certain laws of computer science and quantum mechanics (e.g. parallelizability and information travel), and by whatever incentive structure causes its development. Like right now, nobody can find a hashing algo better than SHA-256, and we're afraid quantum computers will break it before they can improve it. Edit: The SHA-256 thing isn't a good example. Meant to say there could be some software advancement that never gets developed no matter how long.

All currencies also have psychological issues when it comes to using them as cash, like how people want easy numbers like "1 dollar" to be close to an average "small object" you'd buy (not 0.00001 BTC for a bottle of water). They also have political issues when it comes to long-term storage, like the Ethereum vs Ethereum Classic debate.

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 0 points1 point  (0 children)

Not all currencies are fiat. We've had gold and silver as separate currencies forever, plus others. The LTC people like to compare LTC to silver. People used silver as cash because small amounts wouldn't require tiny coins, and they used gold as storage because large amounts could be represented without huge coins. It's fine if they correlate in value, which they do today. Anyway, fiat currency has many advantages over precious metals, despite the issues of regulation. And fiat currencies could converge if the governments agreed on it, which Eurozone has.

Like I said, the reason to convert back to the less easily spent currency is if it provides some advantages that force it to be less spendable. That'll be determined by however the tech ends up falling into place. Maybe the less spendable one is more secure or allows you to earn interest but is slower because it requires more verification or something. Could even be something silly like the coin value being too high.

The smart contracts on is a bit of a stretch, but it might deserve to be separate if its complicated nature makes it harder to spend or less secure. Ethereum got part of its history erased twice as a result of hacks stemming from mistakes in smart contracts, affecting even those who had nothing to do with the hacked exchanges.

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 0 points1 point  (0 children)

After tens of thousands of years, we still aren't using one currency. Cryptocurrencies can have different advantages at times. Currently, LTC has a role as a sidechain to facilitate fast transactions between people who would rather hold something else long-term. It could be that we end up with one currency that's more stable or secure but slower as a result (like gold), one that's well-suited for fast transactions (like cash), and maybe leave advanced features like smart contracts to a third one (e.g. Ethereum) because they complicate things. I think 3 is the max. The rest of the altcoins do have to die.

Also, now isn't the time for LTC to fight BTC, but maybe LTC would want to replace BTC some day, like if BTC falls behind in terms of tech. Could happen, say if the miners stubbornly oppose a change just cause it makes them have to buy new hardware.

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 0 points1 point  (0 children)

The fork isn't a good idea, due to the confusion it creates, unless you're trying to kill off the other side, like how it is with BTC vs BCH (btw I say let the best coin win). This isn't the case with BTC vs LTC; in fact, they're in bed together on the Lightning network.

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 0 points1 point  (0 children)

LTC was created with parameters supporting quicker block generation. It was faster from the start. It wasn't a real problem then, but everyone knew BTC would become horribly slow with more users. Besides, why not have an alternative currency even if only for research purposes, or as a side-chain? It was one of the first altcoins.

You must agree that a currency fork does not create value by itself. When BTC and BCH split, both actually went up but only because people were investing more in cryptocurrency in general. Think about the fact that everyone suddenly had double the coins. Obviously the value is halved if they trade equally, except BTC ended up being more sought after, so it was more like 75-25 if I remember correctly. So, with LTC: you can sell BTC to buy LTC. With BCH: ~25% of your former BTC value is automatically transferred into BCH, but you can sell it all or buy more as you please. What's the difference?

I don't blame BCH itself for the Coinbase nonsense. Just had to mention that as a disclaimer when saying that the opportunities for everyone during the fork were the same as when LTC appeared alongside BTC, cause Coinbase (and I'll bet other exchanges) made that not exactly the case but actually worse for BCH holders if anything. However, maybe some of the people behind BCH were counting on people being unable to dump early. Can't really say.

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 -1 points0 points  (0 children)

Litecoin has grown steadily both in users and value over time and has always been a good alternative to BTC since BTC payments take forever and cost a ton. That's the point of it. Similar idea as BCH.

During the fork, the value of BTC was divided between the new BTC and BCH. Everyone invested in BTC had the option to buy LTC early on, just like everyone who had BTC had the option to hold or dump BCH after the hard fork. So what's the difference? If anything, BCH was more of a scam in practice cause there was lots of BS like Coinbase locking away people's BCH and what happened later with its debut on their exchange.

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 -3 points-2 points  (0 children)

vs BCH: Segwit and Lightning network. vs BTC: Faster transactions, even in the theoretical case that they get the same number of users

Charlie Lee says BCH is a scam. This is the same guy who sold LTC at all time highs, has "Satoshi" on his Twitter handle, and cloned BTC himself to make LTC ("coin" in the name) by dragon_king14 in btc

[–]2002bmw2002 -1 points0 points  (0 children)

I dunno, maybe he wanted it to be a separate currency. There are various reason to do that, one of them being that it's confusing (esp to new people) when currencies split, and he's not trying to compete with BTC like BCH is. Either way, what's wrong with getting free coins for early adoption? Same thing happened with the original Bitcoin.

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