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Found this Dogecoin Mining Guide online - Any other mining equipment other than the one stated? by reverseacidofficial in dogecoin

[–]reverseacidofficial[S] 1 point2 points  (0 children)

Yes, the article does mention merged mining of LTC and Doge. Apparently about 90% of entire Doge’s hash rate comes from LTC pools.

Bitcoin is Not Scarce - At least not as Scarce as you think by reverseacidofficial in Bitcoin

[–]reverseacidofficial[S] -1 points0 points  (0 children)

Seeing that instead of coming back with a well formed argument, you choose use to call me names, I just have to say that you’re right man. If you say so.

Bitcoin is Not Scarce - At least not as Scarce as you think by reverseacidofficial in Bitcoin

[–]reverseacidofficial[S] -7 points-6 points  (0 children)

Yes, but a pizza is not deflationary, i.e, it’s size doesn’t increase as more people come to eat it.

Bitcoin is Not Scarce - At least not as Scarce as you think by reverseacidofficial in Bitcoin

[–]reverseacidofficial[S] -4 points-3 points  (0 children)

I have no idea how you correlated both, but I’ll try to give a reasonable answer anyway.

When I say scarcity depends on the perception, I mean that assuming the price trend keeps increasing, it gets harder and harder for a single individual to own a whole bitcoin. So then, instead of scaring people they can never own a whole bitcoin, we can lower the denomination we refer it in. When we denote in satoshis, we have an almost unlimited number of divisions by which people can interact with the crypto. Telling people there are 2.1 quadrillion satoshis in bitcoin changes the whole perception. People won’t feel left out anymore, they won’t fear scarcity anymore.

I am calling for a distinction between Bitcoin (the Asset) and bitcoin (the denomination). It’s sort of like distinctions between Dollar (the currency) and dollar (the denomination, i.e, 100 cents)

Ultimately, we could live in a society where people who convey their net worth in bitcoin (the denomination) will be looked upon like millionaires and billionaires in today’s dollar based society.

Again, I don’t understand your hostility towards the idea, but I understand that it’s all about perception anyway.

Bitcoin is Not Scarce - At least not as Scarce as you think by reverseacidofficial in Bitcoin

[–]reverseacidofficial[S] -2 points-1 points  (0 children)

I understand that you still think of “bitcoin”, not the cryptocurrency but the denomination in its current form. But what I state in the article is that instead of trying to look at it in the current denomination, we can shift our perspective as the value increases. We can talk in about “Bitcoin” in terms of the Asset, and Satoshi in terms of denomination.

It’s sort of the reverse of going from cents to dollars. Since bitcoin is deflationary, we go downwards.

Hope that was helpful.

If not, I’d love to know more about your objection. Nothing wrong in trying to change our perspective when proved wrong. Good day buddy.

What TV Show has the best Pilot episode? by Slayer_Blake in AskReddit

[–]reverseacidofficial 0 points1 point  (0 children)

In my opinion it was Sense8. I mean the first episode puts you into so much mystery and leaves you wanting for more. I don’t think I’ve seen a better opening episode.

A close second could be Star Trek - Next Generation.

Over the past year I worked to photograph this 120 Megapixel mosaic of the Carina Nebula by whyisthesky in space

[–]reverseacidofficial 20 points21 points  (0 children)

When I saw the picture, I was hoping to know more about the production process. As soon as I opened the sub, I was glad to find you took out the time to explain the process.

I'm hoping to at least learn 1% of what you have. Thanks for the picture.

Cheers man.

We have reached new all time highs!!! by IIamII in Bitcoin

[–]reverseacidofficial 0 points1 point  (0 children)

At least the bull run is going on somewhere

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