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RemoteWorker's comments

RemoteWorker | 10 years ago | on: Overstock Will Issue a Private Bond Powered by Bitcoin Tech

Ever heard of astroturfing/cyber shills/paid trolls? On top of that, you have people who suffer of cognitive dissonance every time they hear about Bitcoin and what it fixes. They are too mentally and economically invested in the status quo. To make things worse, most people don't even know what cryptography is. Explaining Bitcoin is hard.

RemoteWorker | 11 years ago | on: Stripe: Bitcoin

What do chargebacks have to do with a currency? Chargebacks is something offered by services built on top of the currency, not the currency itself. Else tell me how to chargeback USD bills.

If you think chargebacks are the most important thing mentioning when attacking Bitcoin, then it seems like it does have a bright future.

RemoteWorker | 11 years ago | on: Stripe: Bitcoin

I find it hilarious how Bitcoin haters (like the ones we have here on HN) say it's never going to work, but then they spend hours every day trying to talk people out of using it.

RemoteWorker | 11 years ago | on: Winklevoss Twins Aim to Take Bitcoin Mainstream with a Regulated Exchange

How is that law morally wrong? Couldn't they forcing you to breathe smoke be seen as an aggression? The same way they blasting you with very loud noise would be an aggression. Just because it's invisible or not solid it doesn't mean it's not violence. Let alone the danger of literally playing with fire in a closed space.

RemoteWorker | 11 years ago | on: Winklevoss Twins Aim to Take Bitcoin Mainstream with a Regulated Exchange

> Why do they have any value?

Because people want them. And why do people want them? Because they find them useful for transferring wealth (see the remittances market: people no longer have to pay 10% or more to Western Union and banks), and as a store of value. It doesn't matter that you don't find them useful, or that you write angry comments. If you don't like Bitcoin don't use it, just like you don't use many other things. Unlike fiat currencies, Bitcoin is 100% voluntary, there's no violence involved.

RemoteWorker | 11 years ago | on: Winklevoss Twins Aim to Take Bitcoin Mainstream with a Regulated Exchange

Ah, the good old "if no one uses it as a currency it will die, so you have to spend it!" argument. The answer is that we are using it: as a store of value. But every time we explain this, detractors will invariably reply either that it's not a good store of value because it went down in <insert cherry-picked timeframe>, or that saving is bad for the economy because central bankers say so.

For these sort of questions, simply compare it to gold: Is it dying because "no one is using it" to buy groceries? Does it sometimes go down, and yet a lot of entities, including central banks, consider it a great store of value?

RemoteWorker | 11 years ago | on: One of the Milky Way's arms might encircle the entire galaxy

Correct me if I'm wrong bu blackholes are compressed matter. They are typically formed by a star that collapses on itself, so they are always very small in comparison. That's why I couldn't believe it when I found out there were some so large. Unless... they become so large by eating worlds over time? Where are all the HN physicists when you need them?

RemoteWorker | 11 years ago | on: How Bitcoin’s Blockchain Could Power an Alternate Internet

Ethereum is a scam. Its author received millions of USD in funding, and after a year the only things he has delivered are blog posts that are mostly just PoS propaganda. PoS is a flawed concept, but its proponents dismiss all criticism by saying "we added all these patches and unnecessary complexity and fixed it! Look, no one has hacked it yet!".
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