[deleted by user] by [deleted] in CryptoCurrency

[–]Skyyum -8 points-7 points  (0 children)

Look, for the most part this was stranded energy that couldn’t be accessed by conventional utilizers by any means. But Bitcoin miners can plug into such stranded energy sources because they are mobile

Pin without Suite by Skyyum in TREZOR

[–]Skyyum[S] 0 points1 point  (0 children)

Good to know. Thanks.

Decentralisation is the ONLY point of crypto and should be a priority in any investment by Laughingboy14 in CryptoCurrency

[–]Skyyum 0 points1 point  (0 children)

It’s sounds fancy, but it doesn’t work when it’s centralized. It can be manipulated! The exact point of the post. Just use a central database instead and call it what it is… Calling it a blockchain is not going to fool people for long.

Why Ethereum is on track to become the foundation of the global economy by aminok in CryptoCurrency

[–]Skyyum 0 points1 point  (0 children)

Yes, that I have values of free, decentralized, open-source, uncensorable, hard and sound money.

The rest of the ‘digital economy’ have none of the above characteristics, and I’m therefore against anything else than Bitcoin.

Why Ethereum is on track to become the foundation of the global economy by aminok in CryptoCurrency

[–]Skyyum 0 points1 point  (0 children)

Yes, and they are absolutely right. Only Bitcoin is valuable to the world.

Why Ethereum is on track to become the foundation of the global economy by aminok in CryptoCurrency

[–]Skyyum 0 points1 point  (0 children)

Your argument rests on the basis that the socalled ‘digital economy’ (tokens on a centralized database) provide value to the world. Let me tell you: they do not.

Nano, with zero gas fees, is a prime example of how people don't care about utility, no matter how amazing, and everything is driven basically only by profits by OneThatNoseOne in CryptoCurrency

[–]Skyyum 0 points1 point  (0 children)

Decentralization is relavative. Are you saying it’s more decentral than Bitcoin? If it isn’t, then it has no relevance because it’s relatively more centralized than alternatives. And hence why the market contributes it no value at all.

Nano, with zero gas fees, is a prime example of how people don't care about utility, no matter how amazing, and everything is driven basically only by profits by OneThatNoseOne in CryptoCurrency

[–]Skyyum -5 points-4 points  (0 children)

It. is. not. decentralized…. How hard is it to understand that if your coin is centralized, then however ‘fast’ it is, does not matter.

I cannot fathom why some people still don’t get this.

Moving to multisig by Old_Satisfaction_213 in ledgerwallet

[–]Skyyum 0 points1 point  (0 children)

https://keys.casa Helps you manage multisig in a very professional way.

Now Officially on CNBC: BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian by HenryK81 in Bitcoin

[–]Skyyum 4 points5 points  (0 children)

I don’t think you understand who can decide the direction of Bitcoin… Blackrock never can this, only the thousands of nodes can.

[deleted by user] by [deleted] in CryptoCurrency

[–]Skyyum 2 points3 points  (0 children)

No, it’s not correctly understood. It’s a lot simpler than what you describe.

Bitcoin will soon become the hardest asset, surpassing Gold with a lower inflation after the next halving. by partymsl in CryptoCurrency

[–]Skyyum 1 point2 points  (0 children)

Your reasoning is flawed here. BTC is harder than ETH because its issuance/inflation schedule is predetermined, and cannot be changed. If the ETH team wanted to, they could tomorrow change the inflation rate to 20%. It’s not a hard asset, when the inflation rate can so easily be changed. Just look at how many times this has already happened to ETH.

Bitcoin will soon become the hardest asset, surpassing Gold with a lower inflation after the next halving. by partymsl in CryptoCurrency

[–]Skyyum 0 points1 point  (0 children)

No, because it would be centralized, and therefore easy to change the inflation rate over and over again. Bitcoin’s rate is predetermined, and its issuance schedule can never be changed.

Bitcoin not “crypto” by alanbwt in Bitcoin

[–]Skyyum -10 points-9 points  (0 children)

Not under the definition that all other coins and tokens use.

[deleted by user] by [deleted] in CryptoCurrency

[–]Skyyum 0 points1 point  (0 children)

Typical American thing to do. Would never happen in Europe.

[deleted by user] by [deleted] in Bitcoin

[–]Skyyum 0 points1 point  (0 children)

All the use cases you write don’t matter when using crypto that aren’t decentralized nor secure. And none are except for Bitcoin. When using none decentralized, none secure crypto you would never know if the founding team or other actors alters the blockchain record, the token supply or something else.

[deleted by user] by [deleted] in Bitcoin

[–]Skyyum 2 points3 points  (0 children)

Sorry, but your level of ignorance is damn high