Inflation

Over70irregs

Well-Known Member
On his chin
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BadIdeaGuy

Moderator
Staff member
Bag holder I presume? No pressure. I’m guilty myself. It’s a rite of passage.
I was in the crypto space long before you were here, and I’ll be here long after you’ve gotten bored and moved on.

You fundamentally misunderstand everything about the technology and just keep chanting the same old propaganda lines.
 

Over70irregs

Well-Known Member
I was in the crypto space long before you were here, and I’ll be here long after you’ve gotten bored and moved on.

You fundamentally misunderstand everything about the technology and just keep chanting the same old propaganda lines.
Interesting. What blockchain tech did you fundamentally start with? Not joking. Definitely interested. (Politics is just a sidechain).
 

BadIdeaGuy

Moderator
Staff member
Interesting. What blockchain tech did you fundamentally start with? Not joking. Definitely interested. (Politics is just a sidechain).
Bitcoin. Significantly before Segwit.

I was very active on Bitcointalk for quite a long time, and ran my own faucets after being introduced to crypto through them.
You're definitely not the first maxi I've run across.
 

Over70irregs

Well-Known Member
Bitcoin. Significantly before Segwit.

I was very active on Bitcointalk for quite a long time, and ran my own faucets after being introduced to crypto through them.
You're definitely not the first maxi I've run across.
I believe most “maxi” are anything but. What was your first inclination of the blocksize fiasco?
 

Brownwind

Well-Known Member
I was in the crypto space long before you were here, and I’ll be here long after you’ve gotten bored and moved on.

You fundamentally misunderstand everything about the technology and just keep chanting the same old propaganda lines.
Just curious… have you ever cashed out crypto? I don’t understand how a digital currency works.
Does it have any backing from the government? Is it just an online thing? Can I spend it to buy stuff
 

BadIdeaGuy

Moderator
Staff member
I believe most “maxi” are anything but. What was your first inclination of the blocksize fiasco?
I supported BCH.

Looking back, I still agree with my thoughts that the size increase was the best way to maintain decentralization, and that the added chain size wouldn't be all that high of a barrier of entry to run a node.

Especially considering how many folks today are running pruned nodes.

Overall, I'm glad Bitcoin Cash didn't win, even though it was technically superior. Segwit brought us to the lightning network, which is objectively bad for decentralization, but if the precedent had been set to hard fork at the first sign of trouble, I feel like that would have done far worse things to the branding than the lowered security.
 

BadIdeaGuy

Moderator
Staff member
Just curious… have you ever cashed out crypto? I don’t understand how a digital currency works.
Does it have any backing from the government? Is it just an online thing? Can I spend it to buy stuff
I have sold crypto for USD many dozens of times.

Essentially, bitcoin is a just a decentralized ledger. Public key encryption means that you can prove ownership over the amount the ledger says is yours.

There is nothing backing it. Nodes have to stay online to maintain a consensus when sending or receiving.

I've bought laptops, domain names, and groceries with crypto.
 

Brownwind

Well-Known Member
I have sold crypto for USD many dozens of times.

Essentially, bitcoin is a just a decentralized ledger. Public key encryption means that you can prove ownership over the amount the ledger says is yours.

There is nothing backing it. Nodes have to stay online to maintain a consensus when sending or receiving.

I've bought laptops, domain names, and groceries with crypto.
Appreciate the response.

I’m investing in a variety of different portfolios lately but haven’t touched crypto. It might be a regional thing. Out here we’re a little more cautious. Definitely like the return
 

BadIdeaGuy

Moderator
Staff member
Appreciate the response.

I’m investing in a variety of different portfolios lately but haven’t touched crypto. It might be a regional thing. Out here we’re a little more cautious. Definitely like the return
Do yourself a favor, and don't invest in it.

If you don't understand it, you shouldn't be putting your money at risk for it.
 
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