The Comic book was different in nature. The market was never "flooded" with comics and brought their value down due to overabundance. The market went from fairly local to global with the boom of late 90's internet commerce. There didn't need to be an overabundance. There was someone somewhere in the world willing to sell that $100 comic for $1, regardless of its scarcity.
Microsoft is the only technology company in existence that has barriers to entry under its direct, monopolistic control
And what would those be? Operating Systems? Development Environments? Hell, software in general? None of those... there are plenty of competitors in those spaces. What exactly are you talking about?
The biggest, and maybe only problem that will arise will be the difficulty being too high when they shut down the farms, leading to a period of slow block solves until the difficulty adjusts. The network will work just fine without the chinese mining farms
A blockchain will be great for things you want "written in stone" and consensus of what is written is reached, like property ownership would be a good example.
For 75 YEARS into the future? If every employer was required to do that, they would never offer pensions ever. And if such was required, no one would be opening new business. The notion is absurd
Here is the kicker... APK hasn't changed at all personality wise in at least 18 years. Like he is the same nutcase he has always been. https://arstechnica.com/civis/viewtopic.php?f=17&t=1047791 https://i.imgur.com/2I0dlF4.png
DDE is Windows 3 tech that was deprecated when 32bit Windows came around (due to OLE/ActiveX). It was a *terrible* cross library/process communication mechanism, which no one has used in over two decades, except when left in for "Legacy compatibility". Outside of Office, the only other app that may be currently used that supports this archaic API is mIRC.
Then you have economic power, and you're not just a miner.
I listed a few things, included the open ended "Maybe I do a lot of moving of coins around for whatever reason I can think of", and you only focused on that? And you dismissed it because they weren't "only" a miner? My point being, there are/is/will be times where me, as a miner, want to move transactions for reasons outside of the transaction fee. You speak about "monetary advantage". Well, fees are ridiculous right now. Selling mined coins is a lot more profitable when you don't have to pay the transaction fee. Miner sells and pushes those transactions through with 0 fee. Miners friend Otherminer offers Miner a few bits of new Coin IPO to push a batch of funding transactions through. These are just a couple of examples. There is monetary gain to be had mining, outside of the transaction fees.
Miners don't make the decision. People with economic power make the decision, and miners simply follow the money.
That was the idea, but that isn't true. Let's say I am a miner. I want a bunch of transactions to go through. Maybe I also own an exchange. Maybe a buddy of mine does. Maybe I do a lot of moving of coins around for whatever reason I can think of. I can choose to pack those transactions into my blocks to be solved. I don't *have* to include blocks just because of their transaction fees. As a matter of fact, it is in my best interest in a lot of cases to include my favored transactions over including someone else's transactions because of the transaction fees. This isn't theoretical either. It is happening right now. It has been happening. Else every attempted block would have *only* the transactions that had the highest fees.
My theory is that it was created by a national actor with the intent of crashing national economies
That is simply ridiculous. It was an experiment. No one could have foreseen what it has become. Even with its original vector, the politics got in the way and totally changed the shape of the beast. To consider that it was created, KNOWING that it would hit this price point, that it would grow this large, that it would have these problems, that there would be this mania, is patently absurd.
Slashdot Mirror
The Comic book was different in nature. The market was never "flooded" with comics and brought their value down due to overabundance. The market went from fairly local to global with the boom of late 90's internet commerce. There didn't need to be an overabundance. There was someone somewhere in the world willing to sell that $100 comic for $1, regardless of its scarcity.
Forgoing driverless vehicles for package delivery will be the end of UPS. The cost of logistics will be too much to compete when FedEx and DHL start
If you have something to say, then say it. Don't make other people ask you what you are talking about.
Microsoft is the only technology company in existence that has barriers to entry under its direct, monopolistic control
And what would those be? Operating Systems? Development Environments? Hell, software in general? None of those... there are plenty of competitors in those spaces. What exactly are you talking about?
You forgot Umami
Do you remember the move from 2.4 to 2.6? 2.6 all of a sudden made those "light" linux distros for old computers unusable in a large amount of cases.
Why would I buy your used GPU that you have significantly shortened the life of by running it like a wagon pulling slave dog?
In fact, can someone point out a cryptocurrency that has crashed, completely zeroed out and winked out of existence?
Take a look at https://bitcoinexchangeguide.com/deadcoins/. I tried to post the list here, but I keep getting "Filter error: Lameness filter encountered"
The biggest, and maybe only problem that will arise will be the difficulty being too high when they shut down the farms, leading to a period of slow block solves until the difficulty adjusts. The network will work just fine without the chinese mining farms
Don't feed the troll
A blockchain will be great for things you want "written in stone" and consensus of what is written is reached, like property ownership would be a good example.
For 75 YEARS into the future? If every employer was required to do that, they would never offer pensions ever. And if such was required, no one would be opening new business. The notion is absurd
Here is the kicker... APK hasn't changed at all personality wise in at least 18 years. Like he is the same nutcase he has always been.
https://arstechnica.com/civis/viewtopic.php?f=17&t=1047791
https://i.imgur.com/2I0dlF4.png
DDE is Windows 3 tech that was deprecated when 32bit Windows came around (due to OLE/ActiveX). It was a *terrible* cross library/process communication mechanism, which no one has used in over two decades, except when left in for "Legacy compatibility". Outside of Office, the only other app that may be currently used that supports this archaic API is mIRC.
not sure what it is called now
Command prompt
Of course you wouldn't need or use SSH unless you were doing CLI
What? Tunneling you can do just about anything.
Firefox has a setting for it, media.autoplay.enabled = false
But it is inherently buggy because of all of the custom ways websites play their video
Tools->Options->Privacy & Security->Firefox Data Collection and Use... uncheck all of it
I'd like to point out that *I* am not actually a miner. I was just continuing with my original example.
Then you have economic power, and you're not just a miner.
I listed a few things, included the open ended "Maybe I do a lot of moving of coins around for whatever reason I can think of", and you only focused on that? And you dismissed it because they weren't "only" a miner? My point being, there are/is/will be times where me, as a miner, want to move transactions for reasons outside of the transaction fee. You speak about "monetary advantage". Well, fees are ridiculous right now. Selling mined coins is a lot more profitable when you don't have to pay the transaction fee. Miner sells and pushes those transactions through with 0 fee. Miners friend Otherminer offers Miner a few bits of new Coin IPO to push a batch of funding transactions through. These are just a couple of examples. There is monetary gain to be had mining, outside of the transaction fees.
Miners don't make the decision. People with economic power make the decision, and miners simply follow the money.
That was the idea, but that isn't true. Let's say I am a miner. I want a bunch of transactions to go through. Maybe I also own an exchange. Maybe a buddy of mine does. Maybe I do a lot of moving of coins around for whatever reason I can think of. I can choose to pack those transactions into my blocks to be solved. I don't *have* to include blocks just because of their transaction fees. As a matter of fact, it is in my best interest in a lot of cases to include my favored transactions over including someone else's transactions because of the transaction fees. This isn't theoretical either. It is happening right now. It has been happening. Else every attempted block would have *only* the transactions that had the highest fees.
This fuckhead and his affiliate link again
How are you going to send a cease and desist to Bitcoin?
My theory is that it was created by a national actor with the intent of crashing national economies
That is simply ridiculous. It was an experiment. No one could have foreseen what it has become. Even with its original vector, the politics got in the way and totally changed the shape of the beast. To consider that it was created, KNOWING that it would hit this price point, that it would grow this large, that it would have these problems, that there would be this mania, is patently absurd.
Honestly I am surprised that BTC has come this far
We all are