Interesting, I’m autistic and what frustrates me here is that the question specifically asks you to posit “How is it possible” and the teacher insists that you’re supposed to just say that it’s not. Makes me want to just Calvinball the whole damn exam. 5 + 7, what is the answer? Purple. Obviously.
How is that possible?
“False”
🤷♂️
The question literally says “Marty ate more pizza”. It’s a foundational fact that you’re given as a part of the problem. If refuting the basic facts of the question are on the table and the answer was the say “Actually, no he didn’t” then you might as well say something like “No, he actually at 1/6 of his pizza” and claim all the numbers given are dishonest.
Firefox with the EFF Privacy Badger extension.
That is all.
recipe-scrapers, a python library for scraping the recipes only from hundreds of different recipe sites and blogs. Powers other tools like pure-recipe. Doesn’t use AI.
They issue “convertible notes”, which this coindesk article explains far better than I could because I am not a finance head and honestly do not fully understand them.
1995? We were still using these in like 2008.
Alright, well in the spirit of you not thinking it’s a scam and merely listing why others may think it is, I guess I’ll respond to your compiled list.
the proof of work aspect encourages miners to keep adding more hash rate to the network so long as it is profitable to do so and not whether the network actually needs it. It takes crazy amounts of energy for simple transactions.
TL;DR I think this is a valid argument. But let’s break it down to really know what we’re saying. If you take the estimated global mining power of 175 TWh at an average 3,000 transactions per block, it works out to 1.1 MW/transaction. Which is a ton, easily arguable as far too much. The problem with this argument are IMO threefold, although they do amount to mere caveats:
Proof of stake algorithms (like Ether) is just a plot for the rich to get richer and favor early adopters who have more coins.
I agree with this. I feel that PoS breaks the holistic system that bitcoin’s whitepaper outlines. But Etherium is not Bitcoin, and I would not bother arguing for it’s sake.
It’s controlled by technology and not laws and can’t be fixed.
Just plain wrong. We have plenty of very strict laws that control software use. We can and should have laws surrounding bitcoin use, especially ones that pertain to steering the mining industry and taxation.
Someone stealing it is more likely to get away with it because it’s not like a company can just revert fraud.
Conditionally true. If the thief is in Russia or one of a handful of other nations that stand contrary to global financial regulation, then yes it would be relatively easy for them to get away with it. But outside of those jurisdictions it would be a matter of time before a motivated law enforcement agency tracked them down, as just about all on/off ramps are now regulated and value movement can be tracked along a chain of wallets - Including tumblers / mixers! - On the public ledger. Still conditional though, because the funds could be spent long before the thief is caught. This is one of the main reasons why I think multi-sig wallets are going to become the norm over the next decade.
it doesn’t hold value. Stocks do hold value because you own a portion of that company and if they don’t reinvest their profits you get dividends. Money does hold value because even in the absence of a gold standard we’ve been using it long enough that it’s so ingrained in everything and everyone agrees it has value. Money has value in that the massive amount of financial regulations surrounding it creates a more stable value. Not everyone agrees crypto has value. Crypto is hardly regulated. Crypto wildly fluctuates in price.
IMO this argument is completely vapid, and illustrative of my main gripe about the way that people criticize bitcoin. Bitcoin is money, all of the arguments made for “money” that you relay here can be made for bitcoin, and the fact that bitcoin is money is not a strength, it is the one single ACTUAL heavyweight criticism that can and should be leveled against bitcoin. But when it’s time to argue against bitcoin, all the leftists suddenly transform into liberals. Arguing against bitcoin from the position of defending money, rather than arguing against money, including bitcoin, on the basis that not only is bitcoin money but that it is accelerated, hyper-financialized, straight-into-your-veins money that intensifies all the typical immiseration of workers under capitalism! I can’t believe that people actually argue that “bitcoin isn’t money and that’s why it’s bad” instead of “bitcoin is the most money that ever did money and THAT is why it’s bad”! It eclipses any and all other criticisms, rational or otherwise, yet we fail to make that one argument.
it is often used in scams and makes it easier for scammers to be anonymous and lock down funds they steal.
Merh, I don’t find this argument compelling. I really don’t think that most scammers are anonymous or need to be. Most of the scams I see in the world are right out there in the open. The scammers successfully pushing their scams with their real faces. Crypto as a whole does attract scammers. But again, most of them have known names and addresses.
Anyway, since these aren’t necessarily all your arguments I’d be interested to see how your own opinions of them compare to mine. My fingers are sore, that was a lot of typing.
Oh, I completely forgot about that. Speaking out my ass. Thanks.
No, it’s your accusation. You tell me why you think this FOSS software protocol is a scam and if I don’t think your arguments hold water, I’ll tell you why. You’ve got a navigator avatar, dev in your username, and a programming home instance. I imagine you’re capable of educating yourself enough to make some sound arguments on the topic and a bit of factual contribution to the discussion.
People can all have different reasons for a thing and yet all still come to the wrong conclusion. Bitcoin just doesn’t meet the criteria for a scam. It’s one thing to not like or trust it for legitimate reasons. It’s another thing to denounce the thing you don’t like or trust with an invalid accusation.
There are definitely elements of this administration that want to see their particular shitcoin approved. We’ll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving. But, this is the anything goes administration…
edit - See other user’s comment noting that actually Etherium was also approved for use as a security last year.
That is not what’s stopping people from paying for things in bitcoin. When you buy something in BTC you pay the equivalent to whatever you would have paid in the local fiat. And on the vendor side, merchant services often convert that paid BTC into fiat in the moment after the sale. Both parties are insulated from volatility in the context of the exchange. What actually keeps people from paying for day to day goods and services in BTC is Gresham’s Law, the observation that nobody wants to pay for purchases with an appreciating asset, so long as there’s also a depreciating asset they could pay with instead.
Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.
It’s not a scam. It’s also not immune from valid criticism, but people who call it a scam don’t understand it well enough to make those criticisms.
Their value-add is that they financialize their bitcoin holdings to grow their bitcoin-backed shares faster than the bitcoin itself. Higher risk than just holding bitcoin or ETFs that just hold bitcoin, but something like 30-40% better returns.
In good times. We’re yet to see how they do in a bitcoin winter.
They’ve been solid for me. I used to take the Acela between NYC and Baltimore all the time. It was faster than flying when comparing door-to-door times, cheaper, no fucking TSA, and it had a bar car. Also took one from Portland to BC recently which was legit.
China’s nationwide passenger rail network doesn’t really care if you have a valid point or not.
Any recommendations for additions to the arsenal?