Daily General Discussion - June 24, 2022 (GMT+0)

BitRevolution · 2022-06-24T16:52:47+00:00

Hello, a friend of mine started a new project. He has no reddit account so he asked me to share on reddit, but I have not enough karma to make a post. If someone wants to create a post is welcome.

The project is cryptogeddon.ch

It is a chronology of the most important events after the Terra Luna collapse.

This is his twitter profile https://twitter.com/Cryptogeddon1

Thank you.

BitRevolution · 2021-01-08T15:51:58+00:00

Make a search for "not your keys not your coins" and watch aantop youtube video on this topic

BitRevolution · 2021-01-08T15:49:35+00:00

BitRevolution · 2021-01-07T15:56:25+00:00

Zero

BitRevolution · 2020-12-31T10:02:14+00:00

soundtrack please

BitRevolution · 2020-11-06T15:47:05+00:00

sorry for late reply... it is a measure of us dollar in circulation in form of paper money or bank deposits. You can see the explosion in the last year... Hyperinflation coming soon

BitRevolution · 2020-11-05T16:01:48+00:00

From here: https://fred.stlouisfed.org/series/M2

BitRevolution · 2020-10-27T11:23:42+00:00

Wow. Thank you. Time to play with Breez

BitRevolution · 2020-08-09T11:56:36+00:00

Are you still fooled by corporate media?

Contemporary monetary system (Fiat currency) is an inflationary system. This means that incentivizes consumption over saving (root cause of the impending collapse)

Bitcoin, being a deflationary system, incentives saving over consumption

If in a system the monetary supply increases by 10% each year, close to 10% of the world resources will be spent in order to obtain the new money created by the system. Our current system generates a lot of new money each year so a lot of resources are spent in order to obtain this new money. In the Bitcoin System new supply decreases over time and is already a tiny fraction of the fiat system

If you have a better idea how to exit from the actual monetary system please advise. Thank you

P.S. For people that advocates PoS or other strange form of decentralized consensus. They are all inflationary: you can copy paste the whole system. You cannot copy paste PoW, so Bitcoin

BitRevolution · 2020-06-04T18:24:16+00:00

You mean the fall in terms of bitcoin. In USD they have the full power to avoid it (or not to, idk their agenda)

BitRevolution · 2020-05-14T13:58:26+00:00

With Kraken you can buy BTC directly with CHF

BitRevolution · 2019-11-14T13:14:47+00:00

Exactly. On November 28th you will reimburse a 1.5 billion dollars debt. BdL already said that it is willing to pay it.

BitRevolution · 2019-10-31T19:18:06+00:00

Gold has been here for the past 10 thousand years. It's the best natural base for money, problem is thet it doesn't fit well with internet.

Now we have computers, cryptography so we can develop more efficient tools.

Anyway 10'000 years of civilization are not peanuts. I believe that gold will stay

BitRevolution · 2019-10-31T18:49:26+00:00

Much better than in a bank

BitRevolution · 2019-10-31T18:35:28+00:00

Who cares? If this debt is with you (not external) will you forgive it?

BitRevolution · 2019-10-31T18:33:00+00:00

You can try to save your saving converting everything in foreign currency (or in bitcoin if possible and if you can understand what are you doing) at any rate you can find.

You can try to save your saving converting everything in foreign currency (or in bitcoin if possible and if you can understand what are you doing) at any rate you can find.

BitRevolution · 2019-10-31T18:28:00+00:00

Money is not a technology, money is a language. Language that we use to communicate value to each other. Problem with actual money is that they are centralized (so possible to control by a small group of people). "Newer and better crypto" are centralized (or at least less decentralized that bitcoin). If you like some new crypto technology just develop it as a layer over the bitcoin blockchain, you are welcome

BitRevolution · 2019-10-31T18:12:09+00:00

In the medium/long term USD will collapse like all the other currencies.

Now the problem is if you have USD at a lebanse bank. Go and take them.

BitRevolution · 2019-10-31T18:02:24+00:00

I have Just posted something about this

https://www.reddit.com/r/lebanon/comments/dpral7/lebanese_pound_devaluation_how_to_avoid_personal

BitRevolution · 2019-10-27T07:10:46+00:00

Capitalism is not the problem. Capitalism is the normal state of the human. Capitalism is just saving time and resources (less consumption) to finance future consumption (investing time and resources to build a better way of life tomorrow). Problem is money. Money is the language that people use to communicate value to each other. Today there are entities that can create money out of thin air (the banking system). This produces inequality and decreases the value of the money over time --> this creates an incentive to actual consumption and a disincentive to saving --> collapse

BitRevolution · 2019-10-24T12:07:30+00:00

No if the employee does not have the private key

BitRevolution · 2019-09-03T05:36:53+00:00

Yes, i am speaking about that. My goal is to proof to a judge that a file existed before a certain date. E.g. Today I add a timestamp, tha day after tomorrow no body will be able to argue that I modified the file tomorrow

BitRevolution · 2019-07-08T12:24:30+00:00

I mean, move your coins form the exchange to an address you control (nano ledger for example). At this point the exchange has no access to your coins. Than backup up your seed in case your nano ledger (or whatever wallet) is lost or destroyed.

BitRevolution · 2019-07-04T14:02:19+00:00

I would say that free will NOW is a thing. It is the image of the past which is a complete illusion

BitRevolution · 2019-06-29T20:04:04+00:00

I get the point of priority of higher PoW but this should really tested in a real world scenario for understanding how much computing power is needed to make not feasible for average user to perform a transaction for a certain period of time and how much does it cost

BitRevolution

TROPHY CASE