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House Price Crash Forum

Mixle

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  1. About 3 quid today, but has been as high as 40 (on average; but depends on the size of your transaction) https://www.blockchain.com/charts/fees-usd-per-transaction
  2. And next election is not until 2024 the next block halving. Excellent.
  3. Anyone have a handle on the chances that this bill actually gets passed?
  4. Obviously you put on a big short and buy more puts than god Musk before you rek it. Even better, only borrow the entire amount for a couple of blocks, and pay it back once worthless.
  5. The tech is a git style version controlled public key ledger where the "master" branch is chosen by proof of work with a kick-back for the prover; with the other branches dropped. That's the easy part. But what number of people can be served by such a thing without it breaking or transforming into something different. F*** knows. How long can it possibly work with continued trends in miniaturisation? How does real human collusion and forking work once we get to super-low subsidies and <insert_nasty_paper> <insert_nasty_linky>? Is it possible for some counter network and/or futures market to reach around and break the incentive loop? Resolutions or even partial answers directly impart value to the thing. As technical person I've studied it for 8 years, and still find it very hard. Willing to accept I'm just a bit thick.
  6. Please explain where the smugness is, and will apologise/edit/rephrase, because that is not my feeling nor intent.
  7. Having argued against bitcoin maximalism just a few pages earlier, what am I an exhibit of?
  8. Either you're big on encryption, in which case you know the rest is utter nonsense; or you're not, in which case let me tell you how nonsensical it is. https://jbonneau.com/doc/BM14-SPW-fawkescoin.pdf
  9. A cursory understanding is easy to gain, but full insight is very hard to achieve. That requires a lot of humility and a firm grasp of both physical limits and human incentives. The difference between knowing what an engine does to convert fuel into motion and knowing how to build one. The acceptance that some scalability problems are not solvable by definition, that no engine can go the speed of light. A little knowledge is dangerous and can get you burned, or devolved into <insert_altcoin_here>
  10. Oh I agree that there is a massive overlap of competition of cryptos for the same SoV function, maybe 95+%. The thing is by choosing a particular one you also choose to contribute to the seigniorage/usury of that SoV. And some small %s of people might value the specific function combo of "not enriching goldbugs/bitcoiners" and "decentralised hard money public ledger".
  11. It is not controversial. But I'm saying your assumption can't hold in the real world. A long time ago I contributed to a book internationally, and got paid some ~80USD, but the bank took a 50USD fee. Made me feel shit and I didn't do small global pieces of work again. Value destruction. Motivation for global working shot, but if Bitcoin existed the value would not be destroyed.
  12. Guess we've gotten to our differences. I'm generally more austrian leaning than keynes; except I do believe dish washers don't devalue washing machines, and Muse in no way devalues Bach, and Ethereum does not devalue silver. Value is the subjective thing that people are willing to work for. While human labour can be thought of as a limited resource that has to be split between stores of value, it is in no way fixed (and nor is its efficiency). How willing people are to work for value is highly variable, subject not only to population growth, but innovation and motivation. A new store of value could, rather than redirecting effort, spur imagination and new effort, and grow the pie.
  13. By that logic, Escher, Dali and Bansky devalue Picasso and Muse devalues Bach.
  14. People can self-select and group up to find different aggregate measures in different villages. It's not evenly distributed in time or space. You can aggregate all you like, but when you actually trade, it's what you can get at a specific place only when you do. And you'll have a premium or discount to your "aggregate". Aggregate values split/bifurcate/fork. That's why different countries have different currencies.
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