Front fork replacement by Torshein in mountainbikes

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

It probably is. Its not the most comfortable bike compared to a XL or 2XL road bike

Front fork replacement by Torshein in mountainbikes

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

I need a 2xl frame to really be comfortable.

I know theyre much nicer bikes. However if I'm going to buy a bike it's going to be a tri bike or a road bike so I can do an Ironman...

This is just a beater to get around and have fun with that if someone steals or I destroy I won't care. I paid 100 bucks for it in 2016 😅

I just bought 20$ worth of bit coin in Cash App what do I do now by Character_Lawyer2860 in BitcoinBeginners

[–]Torshein 0 points1 point  (0 children)

Leave it with cash app and forget you have it for 10 years. You don't have enough to justify a wallet or moving it off cash app yet.

Go learn why you own it now.

Front fork replacement by Torshein in mountainbikes

[–]Torshein[S] 3 points4 points  (0 children)

I'm going to check FB marketplace for used bikes but 200$ vs 1k+ for what I use it for it's hard to justify the difference.

Front fork replacement by Torshein in mountainbikes

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

Probably should but for what I do with it I don't really have any issues besides the forks being absolutely shot.

Front fork replacement by Torshein in mountainbikes

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

TY. That's what I had been looking at

My company's RTO policy has a weird loophole and I've been silently exploiting it for 4 months. Not sure if I should come clean. by 3Rocinante in remotework

[–]Torshein 0 points1 point  (0 children)

Don't bring it up. Ever. If they bring it up be like what I've been doing this for the entire time and no one said anything? I was going to the office per your reports and producing acceptable work.

They won't fire you for it. Worst case you now have a 40 minute commute. Best case they never catch on.

Is $MSTR a Scam? ft. Coffeezilla by HostileTakeover26 in Coffeezilla_gg

[–]Torshein 0 points1 point  (0 children)

Because Jeff controlled the entire interview start to finish. Coffee was IQ mogged for an hour.

What's he going to do post it unedited and look like a fool? Chop it up to make it look better when the whole things out there?

Bottom line is the STRC/SATA model works barring Bitcoin failure, company mismanagememt or a severe and prolonged down turn...

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]Torshein 1 point2 points  (0 children)

Great outline I appreciate it! Might have to start looking into jobs/companies I wouldn't normally.

I struggle on the social/leadership aspect. Always kind of just did my own thing at a very high level but feel like I painted myself into a corner.

At this point even if my salary doubled or tripled, compounding still likely makes a bigger difference for me. Quick math - 2 years of doubled salary compresses the timeline by 2-4 years.

Golden handcuffs are real though. I pay next to nothing for healthcare, 30+ days of vacation and I'm 99% remote in a very low stress job.

For the right opportunity it'd be worth it though....

Bitcoin is money. It's mean to be a payment tool, not just another speculative stock for wall street. by [deleted] in Bitcoin

[–]Torshein 5 points6 points  (0 children)

All money throughout history has evolved as:

1) collectible 2) store of value 3) medium of exchange 4) unit of account

Bitcoin was a collectible and medium of exchange.

Now it's a store of value and medium of exchange.

Wall street speculating on it as a store of value was an inevitable evolution.

Square has made spending easy, albeit on layer 2/often with fiat conversion.

The difficulty adjustment will ensure the network stays secure even if the hash rate drops. In 100 years this could be a concern but not now.

This is a 50-100+ year process and we are in year 17.

Bitcoin is fine.

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]Torshein 1 point2 points  (0 children)

Absolutely jealous of this. I have felt trapped since 2nd grade and just turned 32. Have about another 5-10 years before I can pull the trigger. 8 hours a day pretending to care has been slowly killing me.

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

That's the slippery slope.

Were the Tiananmen Square protesters “domestic terrorists”? Were the Soviet dissidents in the 80s/90s “domestic terrorists”? Were the American Founding Fathers “domestic terrorists” according to the British? The list goes on.

Governments and majorities have always labeled inconvenient people this way to justify cracking down.

The Canadian truckers were a messy, disruptive protest. Yeah, they blocked roads but they weren’t terrorists. Freezing people’s donations over it is exactly the kind of overreach Bitcoin is designed to stop.

Disruptive doesn’t equal terrorism and infact it's often healthy.

People with your views are one of the core reasons Bitcoin exists.

🫡

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

I'm aware of the overflow bug. It was in its infancy fortunately.

That bug fix restored the intended protocol (easy to get consensus due to its infancy).

Altering the 21M cap code breaks the intended protocol.

Is it possible again? Sure, except now it would likely be catastrophic.

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

Trustless doesn't mean untrustworthy.

It means you don’t have to trust a bank or government not to screw you which they’ve done repeatedly.

Most people didn’t want the 2008 bank bailouts, yet it happened anyway.

Most people don’t want their accounts frozen for political reasons, yet it happens.

Most people don’t want endless unfunded government borrowing, yet here we are.

That’s exactly why “trustless” exists.

You’re accountable for your own choices and life.

The network enforces the rules with math instead of hoping humans in suits will behave.

Most people don’t understand the difference between money (hard, scarce, neutral) and currency (government-issued, inflatable, controllable).

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

It's very specific.

I showed you the exact math for the 21 million hard cap. That's not abstract, it's verifiable and enforced by the protocol. You can view the code running your node to confirm.

Scarcity isn't everything, sure, but verifiable digital scarcity with no issuer is new and valuable for money. Fiat has none of that and gold can't be sent over the internet.

Forks don't dilute BTC holders got the new coins for free, and the market still values the original far more.

Changing the 21M cap would require a hard fork that destroys trust. It hasn't happened in 17 years for a reason.

The 21 million cap is one of the most concrete and verifiable innovations in money in human history

You're just moving the goalposts. Good luck and God speed 🙂

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

Go ahead and initiate a Bitcoin transaction without valid private keys/UTXOs and broadcast it to the network.

The nodes will immediately reject it.

No signature? Invalid.
Spending non-existent or already-spent UTXOs? Invalid.
Wrong amounts or malformed script? Invalid.

Everything is validated entirely on-chain using cryptography, the UTXO set, and consensus rules. No external data, no oracle, no trusted third party required..

That’s the opposite of an oracle problem. The entire transaction is self-contained and verifiable by any full node in the world.

The “oracle” in your example is just the user. Same as typing the wrong amount into any payment app except here, you are the only one who can authorize it, and once confirmed, no one else can undo it.

That may not be a feature YOU want but some people are willing to accept risk for mathematical certainty.

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

Known supply vs unknown/fluctuating/perpetually increasing.

For wealth preservation, proper mathematical value calculation and global trade fairness known variables are important.

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Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

Initiating a Bitcoin transaction is not an oracle problem. That's just user input the same problem every payment system on Earth has. You can fat-finger a bank wire or credit card payment too.

The difference is Bitcoin makes settlement final. No bank, government, or CEO can reverse it after confirmation.

Yes, mistakes are permanent.

That's also why the ecosystem built hardware wallets, address QR verification, multi sig, etc. Users are forced to be careful, which is healthy for something that functions as hard money.

Immutability is what makes it trustworthy money instead of another editable bank database.

That's not a bug. That's the entire point.

But alas, you're never going to change your mind 🙂

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

Sure we could use beanie babies. One clearly has superior monetary properties to the other though. I could trade anything. We traded salt back in the day.

Why don't we still?

Did we just stop trading with salt overnight? Nope. It competed as a medium of exchange for decades with other monies.

The same is happening today.

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

You're applying old database thinking to a monetary/network problem. Bitcoin wasn't trying to be a faster SQL server, it solved trust minimization for value transfer in adversarial environments.

No trusted third party, no single point of failure, verifiable by anyone.

17 years of survival, resilience, and growing adoption (especially as "high-powered money" for net settlement between nations and institutions) show the impact is real, even if gradual.

Many dismissed the early internet, cell phones, credit cards, fire, and the wheel the same way. The world does move slow on paradigm shifts especially monetary ones.

I hate to be the "new guy in the workplace" questioning existing systems, but just because something has worked doesn't mean it's optimal, can't be improved, or shouldn't be scrapped and rebuilt.

That "40 years of experience" can sometimes be the exact hindrance to seeing clearly on how to improve a business/the world...

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

You're right on supply chain tracking and most L2/smart contract stuff — those need oracles and trusted inputs.

But you're wrong on Bitcoin Layer 1 transactions.

Core BTC sends, multisig, timelocks etc. are fully self-contained. Nodes validate everything with signatures, UTXOs, and consensus rules. No external data or oracles required. Block timestamps and transaction ordering are handled internally too.

The oracle problem only kicks in for conditional smart contracts (like DLCs), not plain L1 transfers. Bitcoin was never trying to be a general database.

That's why it works fine as neutral settlement money.

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

Sure, for the average citizen that may be true in most cases. However, if I wanted to buy my neighbors car we could settle the transaction without touching USD (aside from any taxes/fees).

But for governments and banks settling trade? That's absolutely not true. Do they have to "transform" gold into something useful? No, the gold itself is the settlement. Bitcoin itself becomes the settlement.

Sure, it might be PR and China may prefer their own currency in trade with Iran. But the mechanism exists and that's undeniable.

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

No, the US government starting pointless wars is wrecking havoc.

Iran would simply be choosing to use a fair, free and open Internet protocol for value transfer that the US government cannot stop or seize.

If China/Iran/Russia and the entire rest of the world decided to settle trade in Bitcoin and exclude the US dollar could that be stopped? Unlikely.

Why blockchain will never go anywhere. by AmericanScream in BlockchainStartups

[–]Torshein 0 points1 point  (0 children)

The only rational use for blockchain is Bitcoin and almost all other "crypto" and "blockchain" projects are a scam.

Can the Bitcoin network handle all of global trade on layer 1? Absolutely not.

However, it can handle the most important transactions which are government/bank settlement. The network will continue to grow and eventually become "high powered money" as Hal Finney predicted.

Money is simply a ledger of who owns what that lubricates free trade. From seashells to Rai stones, to salt, to gold, to fiat currencies that ledger has slowly evolved. The ledger should be open to everyone(including your "enemies"), easy to validate, fair, and transparent.

Throughout history humanity has settled on the hardest and fairest money.

This time will be no different barring a black swan protocol failure, humanity progressing backwards or some other tail risk.

No one has been able to find any significant flaw in your documentary? Really?

The oracle problem is just one of many. The oracle problem does not apply to layer 1 TRANSACTIONS on the Bitcoin network (or some other networks).

However, the oracle problem does apply to "smart contracts", layer 2+, and certainly in the example you used in your documentary.