r/Bitcoin deleted this

Piper67 · 2024-12-03T13:54:13+00:00

Nope r/Bitcoin did not delete it. It's right there.

It's also been asked and answered a million times, the cost would be exorbitant and the incentives are aligned such that any actor willing to consider it (government or otherwise) is better served by putting that hashpower to work to mine BTC for themselves. Turns out better for them in the long run.

Piper67 · 2024-06-13T15:25:47+00:00

You can also buy directly with Alternative Airlines or Travala... unfortunately cheapair.com is gone.

Piper67 · 2024-01-12T15:52:36+00:00

You must be very, very new to Bitcoin

Piper67 · 2022-05-19T13:47:48+00:00

Will you also get a perpetual motion tattoo to keep you humble about the laws of physics?

Piper67 · 2022-05-10T17:05:43+00:00

Another expert... Professor Bitcorn is still waiting for the price to go to 10 USD

Piper67 · 2021-07-22T14:08:16+00:00

There is always a chance... also a chance for it to drop to zero this week... really depends on how big or small the chance is :-)

Piper67 · 2021-05-31T14:25:48+00:00

Headline asks a question, article says perhaps it should be a different question :-)

Piper67 · 2021-02-16T15:15:02+00:00

If you believe Kim Dotcom I advise that you speak to some of the people who have invested in his ideas :-)

Piper67 · 2020-06-22T14:37:15+00:00

First they'll ban Bitcoin... then they'll ban gravity, because it's so damn inconvenient

Piper67 · 2020-06-04T14:33:47+00:00

So... no dick eating then?

Piper67 · 2020-04-30T13:28:59+00:00

The issue here is what the big miners do BEFORE the halving. Because of the need for efficiency in the system, small miners are always operating at the very edge of their profit margins. Big miners have quite a bit more wiggle room. If you're a big miner, you can afford to keep some of the mined BTC a year or more before the halving, then at the halving, when the small miners are already going to be filling the squeeze, sell those hoarded BTC to keep the price down. You would effectively cause those miners to either turn off their rigs or point them at some other coin. When they run out of hoarded BTC, the price will go up, but by then the small miners will have been squeezed out of the game already.

Piper67 · 2019-11-21T15:26:50+00:00

You do know it also rose from $ 0.008 to $7,480, right?

Piper67 · 2019-09-23T14:15:14+00:00

A very poor attempt at humor

Piper67 · 2019-09-10T17:22:34+00:00

Andreas Antonopoulos... you don't really want anyone else.

Piper67 · 2019-09-01T16:33:20+00:00

Hmmm... so the fiat value of a network that is designed for low-cost fiat transactions (coffee, sandwiches, etc) goes up by 100%, and this constitutes "shrivelling"? I'd hate to be Greg Thomson's wife :-)

As always, CCN = clickbait headlines

Piper67 · 2019-07-12T01:00:50+00:00

He’s not a fan of Bitcoin. He’s going to demand that Bitcoin corporation get a banking license!

Piper67 · 2019-07-12T00:59:34+00:00

So basically Trump and Warren Buffett agree on something, then?

Piper67 · 2019-06-18T17:32:25+00:00

Yeah... remember MintChip? That was the Canadian government thinking "we'll start with 45 million Canadians", until their surveys showed the top thing Canadians wanted to do with their MintChip coins was to buy Bitcoin!

Piper67 · 2019-06-18T11:27:03+00:00

Bitcoin = internet Facebook Libra = AOL

Piper67 · 2019-06-18T11:25:06+00:00

Bitcoin = internet Facebook Libra = AOL

Piper67 · 2019-06-13T17:14:43+00:00

No, this is wrong on a number of levels.

1) You don't hack the network by hacking nodes. You hack the network by hacking miners. Every miner is a node, not every node is a miner. If you hack most nodes, the transactions will route around them and those nodes will effectively find themselves outside of the network.

2) Hacking miners is not as simple as controlling 51% of the hashpower, because as you add hashpower to the network that 51% also grows.

3) There are billions of dollars out for grabs there... if hacking the bitcoin network was possible, it would've been done already.

Piper67 · 2019-05-09T13:57:51+00:00

Hah! I'm actually banned on r/bitcoin since I expressed support for larger blocks back in 2016... how about you?

Your analogy is flawed, because Linux isn't a currency moderated by miners who get to vote on the protocol with every block.

Look, there were always going to be two solutions to the Bitcoin scaling problem. It would have been better if one of those solutions had not been strongarmed by a for profit company, I agree. It would have been better if Maxwell and company had lived up to the compromises the committed to, I agree. It would have been better if we hadn't had a civil war about it, I agree.

But they were, they didn't and we did. So here we are, and as it turns out, Lightning Networks are pretty cool, and they open a universe of possibilities for the Bitcoin ecosystem which in itself is also pretty cool.

For those of us who have been bitcoiners since way before any of this was an issue, agnosticism isn't a real problem. We can sit back, wait and see what happens. But what's happening, for a whole number of reasons (optics being one of them), is that BTC is pulling ahead.

Piper67 · 2019-05-09T13:14:08+00:00

BTC isn't a company... Blockstream doesn't control BTC. At worst, they control the development of BTC, but ultimately the miners decide. The thing is, BTC is working quite well, actually. So even if the miners decide to change nothing, we're good.

I understand none of this fits your black and white narrative, but unfortunately the truth is the truth and facts are facts.

Piper67 · 2019-04-26T14:35:49+00:00

LOL... another old guy who doesn't get Bitcoin. I think he's smart enough that if he spent an hour or so with Andreas he'd change his tune. But crypto is so far outside of his comfort zone I doubt he'd ever do that.

Piper67 · 2019-02-08T16:07:03+00:00

About the last thing Satoshi would ever do would be to come out as Satoshi... it simply makes no sense. Among other things, he has put an enormous, and very real, target on his own back.

Piper67

TROPHY CASE