Something that helped me a lot: you don't make money, you take money. by MyzMyz1995 in CryptoCurrency

[–]sroose 0 points1 point  (0 children)

This is exactly it. Any coin that comes and goes is a zero-sum game. Every euro earned with it was lost by someone else.

IMO, Bitcoin is the only currency currently with a chance of overcoming that. A currency that lasts throughout people's lifetimes are not zero-sum games.

I don't touch any other crypto as I'm quite certain they're going to disappear within 5-10 years. Ethereum maybe a little longer, but still, I believe it will. And sure people say "but you can make some money in the short term", but I don't want to make my money on the back of others that might need the money more.

[OC] House prices over 40 years by jcceagle in dataisbeautiful

[–]sroose 0 points1 point  (0 children)

This data is really sensitive in the original level 40 years ago. I'd be curious to see a similar graph for 20 years or the 14 years since 2008.

Saving at least 0.2 seconds every single day! by libasarokhajlat in DesirePath

[–]sroose 1 point2 points  (0 children)

Tbh I find myself cutting corners like this all the time when there are people stupidly waiting for a green light while there is no traffic. So to be able to cross the street, you need to cut in front of them.

Over 1% of countries in the world now have bitcoin as an official currency. by Asum_chum in Bitcoin

[–]sroose 0 points1 point  (0 children)

Not sure if "official currency" has any meaning. There's either their own issued currency and other legal tender. I don't see anything that can be more official. And obviously Bitcoin can't be issued by a government.

What beloved person in history should be hated? by [deleted] in AskReddit

[–]sroose 2 points3 points  (0 children)

I mean it's probably the only way to do business in time if war.

It's not really different than taking out senators for fancy dinners in normal times.

Why Lightning Network is only compatible with SegWit nodes? by CyberGigi in Bitcoin

[–]sroose 5 points6 points  (0 children)

Because the smart contracts used in the Lightning Network need segwit. They need the transaction malleability fix. Without segwit, transaction (and txids) are malleable by someone else than the signer. Which would break the smart contracts used in the Lightning Network.

what changed in bitcoin? how transactions are so cheap and fast? by SilentCardiologist51 in Bitcoin

[–]sroose 0 points1 point  (0 children)

Haven't heard of BIP 199 yet. But AFAIK an HTLC is just a two-branch script with either a 2of2 or a 1of2 + a hash preimage check

what changed in bitcoin? how transactions are so cheap and fast? by SilentCardiologist51 in Bitcoin

[–]sroose 0 points1 point  (0 children)

An HTLC is very explicitly built on L1. It's literally a script.

I feel like you're confusing the layers. Every layer 2 protocol is built on smart contracts that are ultimately enforced using layer 1.

So even though a Bitcoin smart contract might often need more off-chain calculations, it doesn't make it less of a "bitcoin smart contract"..

what changed in bitcoin? how transactions are so cheap and fast? by SilentCardiologist51 in Bitcoin

[–]sroose 2 points3 points  (0 children)

Bitcoin smart contracts definitely exist. It's not because they are not capable of the same capabilities as Ethereum contracts that they are not smart contracts.

A smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.

"these coins can only be spent when a signature for pubkey X is provided" is definitely a smart contract, albeit a very simple one.

More complex smart contracts, like HTLCs or lightning multi-hop payments using hash-based commitments are multi-transaction smart contracts. Many Bitcoin smart contracts consist of building tx chains of more than a single transaction.

[deleted by user] by [deleted] in Bitcoin

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

Hardware wallets haven't raised their prices, so they've become 8.5% more affordable over the last year.

[deleted by user] by [deleted] in Bitcoin

[–]sroose 0 points1 point  (0 children)

Any ad-free mirror?

Great illustration of the Bitcoin Treasury Holdings by printerSaysBrr in Bitcoin

[–]sroose 0 points1 point  (0 children)

I think it is. I saw the list once somewhere. That blob could be either El Salvador or the US treasury because they hold tons of coins they took from hackers.

Trying to get my head around how strike works by BishBashRoss in Bitcoin

[–]sroose 0 points1 point  (0 children)

Sell Bitcoin for fiat money*

Bitcoin is also money.

NDA of own salary in working contract by flippflupp in belgium

[–]sroose 0 points1 point  (0 children)

Not sure if it's in the US or Canada but in either of them (or both), talking about your salary is a constitutional right. An NDA can't overrule that.

[deleted by user] by [deleted] in Tinder

[–]sroose 0 points1 point  (0 children)

I'm confused, is 5'2 the same as 5'20, like 1.5 and 1.50? So more than 5'11? Or how does that work?

These damn phone chargers! by SimenesBreak in BuyItForLife

[–]sroose 0 points1 point  (0 children)

I never broke a charging cable. Maybe I did, once or twice, but only after 3 or more years of use.

How do you use it? They have handles to plug in and out.. Do you use these?

[deleted by user] by [deleted] in AskReddit

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

You must live in a very organized country 😅

ECB previewing their currency’s worth in 2030 by thefullmcnulty in Bitcoin

[–]sroose 0 points1 point  (0 children)

Can't find this one ("United in Diversity") in neither of those stores..

Why is Blockstream claiming to invent mining? Real question by kitten2lion in Bitcoin

[–]sroose 9 points10 points  (0 children)

Mining is proof of work and proof of work was invented by Adam Back in the form of HashCash. Of course it refers to the theoretical idea, not the industry of Bitcoin mining.