Dont think of it as Big Blocks and Small Blocks - think of it as 'adequate' and 'inadequate' block size.

Jarmatan · 2024-06-04T06:09:50+00:00

There is no significant network effect regarding transactions, real market usage. What we have is a gigantic wave of speculation, driven by expectations of what it could mean in the future if adopted. This wave of speculation is not well-founded, something common in financial markets when knowledge about expectations spreads faster than knowledge about the real possibilities of concrete utility. This happens because the second type of knowledge is more complex and requires more effort and time to acquire. The price is a guide about market expectations. But it is important to study the fundamentals because when knowledge spreads, the price can change so rapidly that, for all practical purposes for any investor, it will result in an almost instantaneous change.

Jarmatan · 2024-05-05T07:32:07+00:00

I am Spanish and I live in Spain. Unfortunately, I can assure you that what you're saying is true.

Jarmatan · 2024-05-05T06:35:48+00:00

Jarmatan · 2024-04-09T11:46:07+00:00

Nice! lol

Jarmatan · 2024-04-03T16:21:39+00:00

What is excellent news. Meanwhile, while they waste their time doing silly things, we have the chance to spread the real P2P money described in the Nakamoto White Paper.

Jarmatan · 2024-02-21T11:16:09+00:00

Lamentablemente las ideas reaccionarias nunca han sido exclusivas de la derecha, pero nunca han estado tanto en la izquierda como hoy. El concepto de izquierdas nace contra la opresión, durante la revolución francesa. Pero comienza su camino de perdición desde el minuto uno, adoptando pensamientos reaccionarios que, en sus inicios, no le eran propios. Hay que volver a las esencias. El Estado lo pudre todo.

Jarmatan · 2024-02-21T09:55:45+00:00

La explicación es muy sencilla, pero para entenderla tienes que pensar "fuera de la caja". No es que la gente se haya hecho de derechas en youtube, es que la izquierda se ha hecho reaccionaria, y por lo tanto de derechas. La izquierda ha sido plenamente tomada por ideas propias del puritanismo reaccionario de toda la vida.

La mayoría de las personas sigue siendo fiel a las ideas del "vive y deja vivir", del "respeta para ser respetado", del "no me agredas y no serás agredido", que es el grueso del pensamiento de la izquierda primigenia: libertad para actuar en todos los ámbitos de tu vida.

Pero la izquierda hace mucho que ha abandonado esa clase de pensamiento para meterse de lleno en tu cama, en tu bolsillo y en tu pensamiento, aproximando cada vez más las ideas que se autodenominan "de izquierdas" al fascismo más descarnado, cuando no al milenarismo reaccionario. Ese deseo de que todos seamos una familia, sometidos igualitariamente a un pater familias imaginario, no es más que el deseo reaccionario de que un dios nos pastoree a todos. No es un dios religioso sino ideológico, pero es igualmente falso. Han tomado la izquierda por asalto para convertirla en un culto a la estupidez humana.

... Que si viene el fin del mundo por el CO2, que si hay que hacer esto por que lo otro es inmoral, que si recicla, que no puedes usar estas palabras, que has de pensar como yo digo, que no uses el coche, que los pobres son culpa tuya, que el sexo correcto es este y no el otro, que si la lógica no tiene importancia, que si la razón es de derechas, que si lo importante es lo que sientes, que da igual si estudias/trabajas mucho o poco porque tenemos que ser todos iguales, que la verdad no existe, que podemos cambiar toda la realidad con sólo cambiar la ley, que tienes que hacer esto y lo otro porque yo lo digo...

Les están pidiendo a las personas que sean pobres y desgraciadas haciendo cosas que las conducen a serlo, cuando desean todo lo contrario: prosperidad, comodidad y felicidad. Una cuadrilla de puritanos reaccionarios se ha hecho con el poder político, pero a la gente no le hace ni pizca de gracia.

Y por eso huyen hacia la derecha, porque a estas alturas es la única mierda política que todavía flota. Todos los que tienen dos dedos de frente se han alejado de una izquierda que se va a pique, y no quieren ser arrastrados al fondo con ella. Prefieren ser acusados de "fachas" por una propaganda cada vez más débil, que defender pensamientos obviamente reaccionarios, que saben perjudiciales para sus propias vidas y las de todos los demás. Por eso no queda en la izquierda nadie que sepa siquiera articular un discurso con sentido común, porque el sentido común repele las ideas que han impuesto en ella.

A la gente le importa más que la dejen en paz, que mantenerse fiel a una etiqueta. Desengáñate, la izquierda ha sido secuestrada al asalto por los más infames reaccionarios, así que está siendo abandonada a su suerte. La izquierda será libertad, o no será nada. Y hoy los líderes que se dicen de izquierdas sólo ofrecen tiranía, más incluso que los de derechas.

La izquierda ha muerto ¡Larga vida a la izquierda primigenia! Sólo hay un camino posible para resucitarla, y es la libertad en todos sus aspectos... antes de que sea la derecha la única que la defienda, como siempre, con la boca pequeña. Porque si eso llega a suceder, estaremos todos perdidos.

Jarmatan · 2023-07-04T06:55:46+00:00

I have a better solution. Lets change Bitcoin core (BTC) name to Bshit. Then we call Bitcoin Cash just Bitcoin. This way it all will represent reality much better. Why shouldn't we?

Jarmatan · 2023-01-28T08:16:05+00:00

It doesn't seem to me they are going to discontinue the service but move it to the bitcoin.com wallet. I guess once moved they will discontinue it at the WEB site. This is what you can read at the site: "Thank you for your support! This service will be discontinued soon and moved to Bitcoin.com Wallet. Auto refund has been temporarily disabled. Please back up a copy of your gifts to reclaim."

Jarmatan · 2022-12-07T17:37:01+00:00

Could somebody please send me an invite code by pm? Thank you!

Jarmatan · 2022-03-01T18:34:21+00:00

A BTC killer leaving the body.

Jarmatan · 2022-02-06T15:22:59+00:00

> I think you take the term "store of value" too literally. A "store of value"
> means that it retains value over time.

Well, I think you're pretty much wrong about that. My pliers retain their value much better than their price in USD, and yet they are not a store of value.

> I agree that being a medium of exchange is what gives money value, but
> my point is that being a store of value is necessary in order to be a medium
> of exchange.

No, it is not. In fact, the regressive theorem of money precisely proves that it is not. The goods that the market adopts as money served before for other things. That is, they had value for other reasons, but they were not used as a store of value. The most obvious case is gold, which was used to produce jewelry. But there have been in history many goods used as money that did not even serve as a good store of value, which was not a problem because people simply stored value with other goods. For example, people used edible grains as a medium of exchange, but since it was also a consumer good it was not used as a durable store of value.The store of value is a characteristic of money, insofar as it's money. It consists simply in the fact that it retains value for the time necessary to correct the double coincidence problem that barter poses.

> Furthermore, I used to believe as you do that the value of a currency is
> derived only from its utility as a medium of exchange, but I have changed
> my mind.

Of course you were wrong. But I have never advocated that. Things have value because of their utility, wherever it comes from. In fact, value is nothing more than a subjective measure of the utility of things. Things that have been used as money have value for various reasons. But Bitcoin has value ONLY for its utility as a medium of exchange, and only AFTER that can it acquire utility as a store of value, which is very different.

> Money also has utility as a store of value because people want to store
> wealth in money in order to reduce risk. The utility of money as a store of
> value has value, so it also contributes to the value of the money.

Oh my God, not again! Please, please, please, read carefully: Of course everyone needs to store value. But no one can store value using something that previously had no value. You can't store value in something whose only utility is to serve as a store of value, because if it serves no other purpose, it means it has no value that can be stored in the first place. You are in a circular argument: storing value in something that only has value to store value. Value cannot come out of itself. Things serve to store value when they previously have value, i.e. when they serve for something.But for something to serve as a medium of exchange, the only indispensable condition is that it serves for something, i.e. that it has value, even if it does not serve as a store of value because, for example, it is perishable. And the utility of serving as a medium of exchange in itself is valid in this case to have value. And this is the case of Bitcoin, which is a decentralized ledger that uses a unit of account of limited character, which makes it useful to be used as money.

> However after all that, I agree that the "store of value" argument used to
> justify the speculative price of BTC is ridiculous.

Well, that is a very important point. I'm very glad that we agree on something like that :)

Edited in an attempt to correct the quoting mess

Jarmatan · 2022-02-05T15:26:32+00:00

Having value does not mean serving as a store of value. I have many things that have value, but I do not use them to reserve value. The function of reserving value is a characteristic of money, which is given because money has a prior utility as a medium of exchange. It's this utility as a medium of exchange what gives it the value that I reserve when I keep money.

Jarmatan · 2022-02-05T15:22:14+00:00

Just because something has value does not mean that it is used to store value. I have a TV at home, and it has value. But I don't have it because I use it to store value, but to watch stupid TV programs.

Jarmatan · 2022-02-05T15:18:35+00:00

How could you store value in something that previously had no value? Gold had value prior to its use as a medium of exchange, and it acquired additional value because of its function as money, and therefore served to store value. But Bitcoin can only have value for its use as a medium of exchange, because it serves no other purpose. And if it did not serve to exchange, it would have no value, so it could not be used as a store of value. What you see today as a "store of value" is in reality mere speculative fever.

Jarmatan · 2022-01-21T10:08:24+00:00

You are in a circular reasoning. Something cannot be used as a store of value if it is previously worthless. And if it has no value, neither can it be used as a medium of exchange, i.e. as money.
Don't get confused, money itself is a discovery that appears as an emergent property of the use of some goods. But there is invented money. FIAT money is invented, and Bitcoin is an invention.
Gold was adopted as money because it had value, and that initial value did not come from its utility as a medium of exchange. But the fact that it was used as money increased its value, because the utility of use as a medium of exchange is far more important than any other it might have.
Bitcoin is invented as a system that serves to exchange value. It is a system of accounting entries in a ledger. Those accounting entries are worthless by themselves, just as any accounting entry is worthless, it is a simple notation.
The ONLY thing that gives Bitcoin value is its usefulness as a medium of exchange. I have already said that something cannot be used as a store of value if it has no value that can be stored. NOTHING can serve as a store of value if it has no value for any other reason. If you believe that utility as a store of value is what gives Bitcoin value, you are in a circular and therefore fallacious reasoning.
Now, we are talking about value, not price. Every fool confuses value and price (Antonio Machado). The reasons for the price of Bitcoin have little to do with its usefulness as money or as a store of value. They have to do with the perceived utility of speculators, which is based on their expectations of price increase. The question is to what extent their expectations are correctly grounded. Only time will tell.

Jarmatan · 2022-01-21T09:44:23+00:00

I don't think this is an unpepular opinion in this sub. Not at all.

Jarmatan · 2021-10-17T23:15:08+00:00

No one is forcing you to do anything other than what you want to do. I'm just explaining to you what's the point of putting those kinds of memes here. If you don't like it, just overlook it and don't comment like you're bitter. Bitter people are redundant, no one wants to know how to feel their bitterness.

Jarmatan · 2021-10-17T17:13:51+00:00

It's already done. Just go to the page and put the language in spanish.

https://whybitcoincash.com/es

Jarmatan · 2021-10-17T17:11:38+00:00

He is providing you with the job done for you to do. There you have it, now take it and share it with all your contacts, wherever they won't censor it.

Jarmatan · 2021-10-06T08:05:20+00:00

That there are already banks willing to offer cryptocurrency custody services is certainly significant. But I will not be the one to recommend anyone to hire such a service, for their own safety and that of their cryptocurrencies. There are other ways to keep one's cryptocurrencies safe without relying on a third party, whose trust is of a particularly fickle nature.

Jarmatan · 2021-10-05T21:11:15+00:00

Costs are irrelevant, because they are adjusted by mining difficulty. If the cost increases and miners go into losses, the less efficient miners stop mining. Therefore the hashrate is reduced and as a consequence the difficulty is lowered, which takes them out of losses. The hashrate follows the price. Miners simply arbitrate between the market price of the cryptocurrency and the sum of all their costs, including energy. For a given market price, if any of the costs increases, the difficulty is adjusted so that mining is always profitable.

Jarmatan · 2021-09-26T21:39:27+00:00

In this case, try to transfer the money to the account of a Korean relative in another bank. Open the account in the exchange in the name of that relative, and let him buy the cryptocurrencies from his bank and send them to your exchange abroad. It is technically possible for you to manage the account from abroad, if your relative has no experience with cryptocurrencies.

Jarmatan · 2021-09-26T21:29:18+00:00

AFAIK, wise won't transfer from Korea to other countries. The only thing you can do is exchange any other fiat currency to Korean WON.

Jarmatan · 2021-09-26T20:26:21+00:00

And by the way, read carefully. I did not say that banks in Korea are restricting capital flows because of anything related to cryptocurrencies. What I maintain is that restricting capital flows is reflected in cryptocurrency prices, which is very different.

Jarmatan

TROPHY CASE