Die Shrink 41: Our Cryptocurrency History, Thoughts on Bitcoin
Added 2021-02-26 18:00:04 +0000 UTCWhile we certainly aren't "experts," we have been following cryptocurrencies since 2012, and we suspect you all might gain something from hearing our stories. Over the past decade we have formed some very passionate and in-depth opinions from both our good and bad decisions in this industry.
An Excellent Andreas Speech on why BTC is here to stay: https://youtu.be/A6kJfvuNqtg
The Stephan Livera Broken Silicon Episode: https://youtu.be/4Q4IE0Xrg4M
https://medium.com/@zodhyatech/which-consumes-more-power-banks-or-bitcoins-8302750fe2bc
Comments
At first I was really disappointed by this, but now I'm grateful that you put this together. I feel like you've helped me figure out what makes someone a Bitcoin maximalist. I think the difference in opinion stems from what you think makes the whole cyrpto space valuable. If you think it's that it is a store of value and/or medium for commerce that's free from government manipulation (i.e. a replacement or supplement to gold/cash) then you're most likely biased toward Bitcoin. However, if you think of it as a mechanism for two key holders to enter into any arbitrary contract regardless of government or geography, then you may find the rest of the crypto space more interesting. With proper legislation in meat space, you can begin to do things like buying and selling physical properties over blockchain in a legally recognized manner - Wyoming is making progress towards this. It may not be too long before people are "employed" directly by DAOs full time (this may actually be happening today). Maybe I am biased as a software engineer who's introduction to this space was Ethereum, but I find smart contracts and projects in this space to be much more interesting. and yes you're right, as Pompliano says Bitcoin can support smart contracts and new functionality. However, if that's the case, why are most projects using Ethereum? Perhaps it's because of the differing priorities of Ethereum vs Bitcoin. Perhaps there's space for multiple platforms that leverage the blockchain's trustless nature to do different things.
Rentaro Matsukata
2021-03-04 09:40:35 +0000 UTCIf you listen to the content I'm quite certain all of your questions will be answered either directly or indirectly. Your concerns/questions arise out of ignorance on the topic so if you genuinely want to find out more, read/listen more.
Hugo
2021-02-27 21:11:38 +0000 UTCTo be clear, my questions were genuine: the few times I used bitcoin, it _was_ slow and it had a massive transaction cost. I wasn't concern trolling about energy, it was a genuine question, but I understand it was maybe written more provocatively than I meant, but in absolute terms it is a large amount of energy. I wholeheartedly agree on the subject of mining especially, it's something that people who think electric cars will save us all ignore, for example: lithium mining is devastating. I'd be willing to bet that a single diesel bus is better for the environment than 50 electric cars. I'm looking forward to reading the article about bitcoin and the traditional banking system, but I'm not super surprised (especially after hearing the server engineer talk about large businesses just buying twice as many Xeons instead of switching to Epyc). You didn't address my primary concern about bitcoin, which is that it's becoming more a tool for already rich people to make more money instead of a currency/alternative fiat.
Mia
2021-02-26 21:26:32 +0000 UTCGreat episode, guys π
Go-Kart
2021-02-26 20:32:45 +0000 UTCI am very familiar with Monero and how it works. Again - to really get into more details - we would need to do another episode in a month or so that's JUST crypto reader mail. If you guys want it...
Moore's Law Is Dead
2021-02-26 19:54:08 +0000 UTCDOGE is merge-mined with Litecoin, and since Musk has been memeing it, all I can see is DOGE saying "look at me. LOOK AT ME.... YOU are the shitcoin now" edit: also, Monero transactions themselves are private. You have to have the private view key to even see the value of a wallet address
John Dorman
2021-02-26 19:06:00 +0000 UTC
