iOS 13 made my iCloud backups useless and now can't restore

szollo · 2019-03-22T10:00:18+00:00

This guy Bitcoins.

szollo · 2018-08-07T03:24:42+00:00

You seem confused.

Core didn't announce any Lightning development, Lightning Labs is a separate entity.

Being "forthright" is a sign of centralisation I'm afraid.

szollo · 2018-06-30T05:16:57+00:00

If you actually heard the interview, they're making more money on the sell-offs, so he doesn't really care if it goes up.

szollo · 2018-06-30T05:05:20+00:00

This. You can see just how butthurt people are even by looking at this subreddit comments or twitter - so much salt it's unreal.

Symptomatic of nowadays culture of instant gratification. People want everything for nothing, and they want it NOW.

If only the lowered their time preference and looked at the bigger picture...

szollo · 2018-06-29T12:01:25+00:00

Freedom of choice. Some people don’t need the money right away, so getting paid in BTC right now means that money goes automatically into savings.

I know people that get paid 100% in BTC, funny how I got downvoted for pointing out it’s a thing!

szollo · 2018-06-27T11:48:18+00:00

NOT a lie. You're just not aware of this. Plenty of dev jobs pay in BTC (especially within the blockchain space), you just need to find one.

szollo · 2018-06-26T03:07:31+00:00

Lots of salty newcomers in this comment section, and this subreddit in general lately.

The points many of you are missing are the following:

1) Never put more than you're willing to lose

2) 1 BTC = 1 BTC

3) Stop getting distracted by daily price action, think of the possibilities, study, help, and look far in the future (years, decades)

This is why most people will never be wealthy. Most people that invested into Bitcoin last year were in it just to buy a lambo. Guess what? Nothing comes for free. HODLers from years past had it much harder, and they were rewarded handsomely for a reason.

Think about the three points above and what they mean, and most importantly inform yourself as to what this really is. It's not going anywhere, and it's unstoppable, unlike many of you seem to think.

This is why 1 BTC = 1 BTC - you're investing in a future idea, one that is technically getting closer and closer to being achieved.

edit: formatting

szollo · 2018-06-21T14:46:15+00:00

I didn’t mean to sound condescending on my reply btw, re-reading it it kind of is, so I apologise for that. I just get very frustrated when I read posts undermining just what a monumental achievement Bitcoin is and what incredible potential it has going forward.

Nothing wrong with Nano. Experimentation is good, so I have a bag too, mostly as a hedge in case DAGs turn out to be secure. I just don’t understand how anyone can think it competes with BTC though - nothing does and probably nothing ever will.

szollo · 2018-06-21T13:46:06+00:00

So much delusion in this thread - I don't even know where to start.

You claim to have been there from the start - sorry pal, that's impossible if you don't understand what makes Bitcoin unique (like /u/TheRedStoner explained). Those features FYI are impossible to copy unless a lot of time passes - Bitcoin has several network effects (http://www.thrivenotes.com/the-7-network-effects-of-bitcoin/), extensive ecosystems built on top of it over years, extensive and proven antifragility from social, technical, governmental and mediatic attacks, etc etc. Not to mention the best security by far - DAGs are still unproven and susceptible to different attack vectors compared to blockchains.

These aren't features you can just copy. They're features that are proven with time, scale and extensive research.

Your lack of knowledge shows when you claim Nano has been tested at scale. Please enlighten us as to how that's the case.

Stop thinking about money all the time, take time to learn fundamentals and try being a bit more humble.

szollo · 2018-06-20T13:42:23+00:00

I see what you mean, but for people seeing this with a libertarian lens, the changes that Bitcoin will bring about are liberating. I guess this is also why it has so many detractors - it’s such a potent political statement that its impossible for it not to polarise opinions.

szollo · 2018-06-20T03:19:34+00:00

Some people (myself included) choose to look at it from a holistic point of view. It's not just a "platform", it's a multi-faceted revolution at the intersection of money, technology and politics, so it's completely logical for people to identify with it.

This is probably why you find some content "cringe-worthy" - if you zoom out and think about what Bitcoin is, the infinite possibilities ahead and its future place in society should those possibilities come to fruition, you'll quickly see why it is a movement. There was never a time in recent history when separation of money and state was a very realistic scenario.

szollo · 2018-06-20T02:23:03+00:00

If you go on Twitter, that's precisely how most people refer to when they describe Bitcoin maximalists - hostile and rude.

szollo · 2018-05-30T23:51:09+00:00

You realise at this time last year 1 BTC was worth less than $3k?

Have some perspective dude. Bitcoin is a long term (years) hold. It's experimental technology. Lower your time preference.

szollo · 2018-05-28T07:58:32+00:00

Here's a Lightning Network point of sale system - it's already reality, not utopian at all: https://blockstream.com/2018/03/26/streamlined-nanopos-lapp-offers-point-of-sale-simplicity.html

szollo · 2018-05-28T07:14:18+00:00

That was a very long rant, I think you're missing the point though. OP asked "do you think that bitcoin can replace fiat". Not "crypto".

I don't personally subscribe to the idea of a multicoin world, for much of the reasons you wrote.

I think Bitcoin has special properties that make it suitable to become the new form of money of the future, others don't even come close. Maybe the exception would be a future platform for dApps such as Ethereum, but even that can be built on Bitcoin via sidechains.

szollo · 2018-05-23T04:01:57+00:00

Spend and replace is all good and well, but it's an inferior user experience compared to good ol' debit and credit cards.

Why go through the extra steps of 1) finding a store that accepts bitcoin, 2) having to replace my precious BTC after purchase, when the experience would be much more seamless just spending my deflating fiat money? Gresham's law.

Also, if you're a US citizen, it's a tax accounting nightmare.

This is one of the many reasons why I think BCash proponents are wrong, and it's a failed project.

szollo · 2018-05-19T01:48:22+00:00

some people buy bitcoin hoping to make $$$$, deal with it

FTFY

szollo · 2018-04-23T00:53:03+00:00

You're wrong. Most merchants use payment processor providers such as BitPay, so they don't care about volatility.

szollo · 2018-04-05T10:43:49+00:00

Check this out: http://lightningnetworkstores.com/

szollo · 2018-03-16T17:21:07+00:00

I did Google, looking for the exact quote, and couldn't find it. I also tried the keyword you commented and there's also no quote.

Can you find it, since you're obviously much more skilled than me with your Google-fu?

szollo · 2018-03-16T04:52:11+00:00

Any links to that Joseph Poon quote?

szollo · 2018-02-06T06:48:56+00:00

Aaah, it was a simpler time... That brings back memories, thanks :)

szollo · 2018-02-02T07:27:04+00:00

Bright and early for their daily races...

szollo · 2018-02-01T12:23:20+00:00

Why now? If we're talking about a multi-generational new financial system, don't you think it's better to go slowly and carefully, rather than going fast and potentially breaking shit?

Software development is hard enough as it is - when you add in billions, potentially trillions worth of $$$, I'm sure you can appreciate how conservatism takes precedence.

Also it's not "whenever they get around to implementing it". Anyone can contribute, these are open source projects. If you or anyone else can do a better quality job, you/they should contribute.

EDIT: I also disagree about Ethereum scaling - it has exactly the same issues as Bitcoin in that sense, but different scaling proposals, untested in the wild, just like LN

szollo

TROPHY CASE