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Rallerbabs's comments

Rallerbabs | 5 years ago | on: Cambridge Bitcoin Electricity Consumption Index

It does if there's demand for it.

And there's been growing demand for bitcoin for 12 years and counting.

It's deflationary by design. But by all means, stick to your government money.

Printer goes brrrrrrrrr.

Rallerbabs | 5 years ago | on: Cambridge Bitcoin Electricity Consumption Index

Features that can't be changed. Certainly not when armies come to play.

You can change the bitcoin source code to have more coins and deal out half to yourself first. That's the easy part.

But then comes the part where you have to convince the whole world that your chain is the one, true bitcoin.

Good luck with that.

Rallerbabs | 5 years ago | on: Cambridge Bitcoin Electricity Consumption Index

There is absolutely nothing about bitcoin that sucks. It is exactly what it needs to be: the world's hardest store of value.

Every design decision comes with trade offs. All the right trade offs have been made. If you'd reinvent it from scratch, you'd end up with the exact same thing.

The only thing about bitcoin that sucks, is that nocoiners don't have any. And they won't have any until it's $1M.

Nobody wants to be the first. But everybody wants to be second.

Rallerbabs | 5 years ago | on: Cambridge Bitcoin Electricity Consumption Index

Nope. That's what a medium of exchange is for.

Bitcoin isn't at that phase yet.

For any new money, it goes like this:

1. Store of value. 2. Medium of exchange. 3. Unit of account.

In that order. Cumulatively.

Rallerbabs | 5 years ago | on: Cambridge Bitcoin Electricity Consumption Index

These are all the same uninformed arguments that every newcomer thinks of. It's all incorrect, and if you'd want to learn correct info, then you'd be able to do so.

It's important that you do it yourself. Because when I tell you it, it isn't going to land.

Your ideologies don't matter. The world won't let you force them onto it. The reality of the situation, is that all the big money believes bitcoin has a large role to play in the future of the world economy.

And this is true.

Screenshot this. Message me in 2030. Let's reevaluate.

Rallerbabs | 5 years ago | on: Cambridge Bitcoin Electricity Consumption Index

Follow the big money.

Michael Saylor from Microstrategies: $1B.

Elon Musk from Tesla: $1.5B.

GrayScale: not sure how many dollars, but they own >550,000 bitcoins.

Big money is of the opinion that bitcoin is an excellent store of value.

Only a matter of time before it becomes a medium of exchange.

And later on, a unit of account.

By that time, you won't be asking yourself what 1 bitcoin is worth anymore.

Things will be priced in bitcoin. And those who have it, have it good.

Rallerbabs | 5 years ago | on: Teach Music, Not Coding, According to MIT

I both program as well as play guitar.

When learning these, I felt my brain physically change for the better. First for coding, then again later for the guitar.

Why choose one, when you can have both?

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