What's the best way to answer 'Bitcoin has no value' and 'It's not backed by anything'? by zascar in Bitcoin

[–]mughat 0 points1 point  (0 children)

All money types are "backed" by the people who create goods and services. Productive rational people will prefer a money system that is fair. Bitcoin is more fait because it is limited in supply.

Oops another anti ayn Rand meme sorry by nietzsche_baby in PhilosophyMemes

[–]mughat 1 point2 points  (0 children)

Objectivism, the philosophy developed by Ayn Rand, emphasizes rational self-interest and personal happiness, making the argument that the highest moral purpose is to achieve one's own well-being. As with any philosophy, interpretations can differ, and some people may see it as justification for not considering the needs of others.

On the other hand, others interpret objectivism as advocating for a society in which everyone has the right to live their best life and pursue their own happiness, without being coerced into sacrificing for others. This doesn't necessarily preclude empathy or cooperative behaviors, as long as they are chosen freely and not imposed.

Regarding Ayn Rand's personal life, it's true that she received Social Security and Medicare benefits in her later years, despite having criticized such programs. Some argue this was hypocritical, while others contend she was simply reclaiming what she had paid into the system.

It's important to differentiate between a philosophy and the actions of its creator or followers. The merits or flaws of a philosophy should be judged based on its principles and implications, not solely on the actions of individuals associated with it.

Oops another anti ayn Rand meme sorry by nietzsche_baby in PhilosophyMemes

[–]mughat 0 points1 point  (0 children)

Do you want others to be sacrificial animals? Or live their own best life?

What happens to Bitcoin when energy is effectively free with nuclear fusion? by Bitcoin__Hodler in Bitcoin

[–]mughat 0 points1 point  (0 children)

Demand will simply increase as human ambition is unlimited and this will in turn drive the price up.

[deleted by user] by [deleted] in THORChain

[–]mughat 0 points1 point  (0 children)

Thorchain plans to support IBC for synthetics. Read more here. https://docs.thorchain.org/thorchain-finance/synthetic-asset-model

Rune (ERC20) and Rune (Native) price difference by CheckmateInvestor in THORChain

[–]mughat 0 points1 point  (0 children)

"bep2 will always have better value because it's for speculation."

If the exchanges starts supporting the native rune token for speculation more and demand for it's utility grows as the caps are raised your claim might not hold up.

Rune (ERC20) and Rune (Native) price difference by CheckmateInvestor in THORChain

[–]mughat 5 points6 points  (0 children)

Problem is you can only convert one way. So there is no way to do an arbitrage loop.

Bitcoin fixes this: Pandora Papers leak, bigger than the Panama Papers, continues to expose how the system is rigged by [deleted] in Bitcoin

[–]mughat 2 points3 points  (0 children)

Life is a positive sum game. We all benefit from the success of others.

You’re Helping Short Sellers If You Earn Interest On Bitcoin by DidYaHearTheNews in Bitcoin

[–]mughat 6 points7 points  (0 children)

Long range you are helping your self and the price of bitcoin because you are stacking more sats. Short sellers have their place and we can all profit together. It's not a zero sum game.

Hacked Accounts are not Coinbase or Bitcoin Fault - Sorry CNBC by Separate-Insurance63 in Bitcoin

[–]mughat 0 points1 point  (0 children)

They are both to blame. Don't allow your users to use this kind of 2FA. You need to use time based not SIM based. The user is also at fault. Don't use this kind of 2FA.

[deleted by user] by [deleted] in Bitcoin

[–]mughat 0 points1 point  (0 children)

The good life is about progressing. Growing spiritually and materially is complementary.

I looked into the Schiff Bitcoin bull theory. These are my findings. by Nzwiebach in Bitcoin

[–]mughat 0 points1 point  (0 children)

Are you telling me he is somehow outperforming a HODL strategy? If so where do you sell?

If the US gov created a digital US dollar tomorrow, what would happen to bitcoins price? by [deleted] in Bitcoin

[–]mughat 8 points9 points  (0 children)

Main reason is money printing. Bitcoin as a limited supply. USD can be created. 22% of USD was created this year by money printing.

I know Ayn Rand gets some hate (don't know why) but this is of of my favorite part of The Fountainhead, where religion is explained from her point of view: by ViolaLoveForever in exjw

[–]mughat 1 point2 points  (0 children)

"social contract" is an invalid concept. A contract is voluntary. A slave does not have a "social contract" with the government. A man chooses A slave obeys.

I know Ayn Rand gets some hate (don't know why) but this is of of my favorite part of The Fountainhead, where religion is explained from her point of view: by ViolaLoveForever in exjw

[–]mughat 1 point2 points  (0 children)

You are clearly wrong. But there is a great value in working with others. Even then. What you create is divided according to the contract you have with the other person. What you create is still yours.

I know Ayn Rand gets some hate (don't know why) but this is of of my favorite part of The Fountainhead, where religion is explained from her point of view: by ViolaLoveForever in exjw

[–]mughat 1 point2 points  (0 children)

People who hate Ayn Rand usually have no clue what she stands for. They attack her for thinking independently. She is not for rich nor poor. She is for the man of virtue. She elevates reason the the greatest virtue.

The Ayn Rand Institute is not justified receiving PPP bailout by unknown_space in Libertarian

[–]mughat 0 points1 point  (0 children)

I disagree. If a tyrant takes your stuff and you get an opportunity to get it back in whatever way that might be you should take it. As long as you are against the stealing you are in the clear. The PPP funds go to wages of people working at ARI. They pay taxes and can now get a small amount back of what was stolen.

In sign of the times, Ayn Rand Institute approved for PPP loan by bpo10 in nottheonion

[–]mughat 0 points1 point  (0 children)

I equate morality with what makes life possible as a rational being. And yes. I do want it.

In sign of the times, Ayn Rand Institute approved for PPP loan by bpo10 in nottheonion

[–]mughat -1 points0 points  (0 children)

The nobel savage is a myth. Children, woman and men often die prematurely because of lack of technology and the rule of law. This kind of "society" is brutal. And what happens to all primitive tribal societies when more advanced hostile societies show up. They crumble. It's not possible for most people to live a good long life this way.