With fiat you have high risk of losing 50% of USD's purchasing value within 2 years, which already happened, and which is not far from being robbed, as have happened to millions of people too.
Sure, but if i have investments they cant be stolen, and if they are im pretty much compensated (given im not straight up giving my account away, hell even then there is usually a 24h window with a limit on withdrawls).
Bottom line is no one takes responsibility in the world of bitcoin.
lol. No, PoW existed before. Putting it all together in this specific form was an innovation, if only a minor incremental one on the large body of work of state machine replication, enabling for the first time sybil resistance and thus permissionless distributed consensus. But all that gave us were crime tokens; haven't seen a use case but crypto yet.
Invest in stocks and bonds to maintain purchasing power.
One interpretation of this comment, if viewed from an adversarial angle, is that comments like this, although perhaps not this comment specifically, are designed to dissuade people from buying crypto days before a bull-run starts.
I would benefit enormously from people buying crypto to keep the price going up. I've owned bitcoin for 9 years. I bought it when I realised that the narrative was strong enough to overcome any technical arguments and I wanted to profit from that. One day I'm assuming it help me retire.
A different metric of comparison isn't Bitcoin's energy consumption compared to other countries but compared to the existing banking system it's trying to replace, which burns more energy than Bitcoin and allegedly burns more energy funding wars with fiat. Mining gold instead of Bitcoin burns more energy than Bitcoin too.
Compared to that for energy consumption, Bitcoin is superior really.
> compared to the existing banking system it's trying to replace
I don't think it's appropriate to compare it to the existing banking system (whose featureset goes far beyond payments and managing account balances).
It's appropriate to compare it to existing payment and account systems. And on that front, compared to e.g. Mastercard, there's no way Bitcoin is more efficient. TXs/watt, $/watt, however you want to measure it.
Lightning isn't Bitcoin. It's an L2. It helps implement actual practical payments for Bitcoin, and doesn't (afaiu) manage account balances. In other words, you cannot seriously compare it to Mastercard; you've gotta include Bitcoin itself.
Also, it should be obvious that sources from the cryptocurrency industry have a conflict of interest. If there are better sources than something like Binance, then those should be used. If there aren't better sources, well...
I have no numbers but i would assume the global "FIAT market" is orders of magnitude larger than bitcoin, so ofc it consumes more. I would want to se a chart of how much 1USD/EUR "consumes" compared to 1BTC.
You should not compare bitcoin to "the banking industry", but instead to say a stock. Apple is worth more than the entire crypto industry, but for arguments sake lets say they are the same.
So you should instead compare bitcoin to APL stock. How much energy is APL (and APL alone) stock using? This is hard to measure, but probably a fraction of a fraction of the bitcoin energy use.
One theory backed with proprietary data is that it's because bitcoin was created by the US government and money printed by the Fed goes in bitcoin so the government will one day pay its projected $113T of debt by dumping on everyone.
This might be super-obvious or it might already exist but can you make Phind create mobile apps? I don't know of any site that builds a mobile app and actually gives you the app instead of give you half the app or ask to pay for credits and so on and never showing you the full real app that you can install on your phone and actually use.
I want a simple CRUD mobile app that talks to a website. Like a website where you GET and POST to read and write data. Something that copies the submission forms of a website and gives me the website as a mobile app. Something that identifies all endpoints in a website and gives me access to these endpoints as a mobile app.
One of the hindrances to getting a patent is prior art. Meaning that the thing you're trying yo patent already exists.
After a patent is issued lots of people typically say "but that's obvious". Ok, so let's capture the obvious before someone patents it.
Equally, I might be doing something which is patentable, but I have no interest in patenting it. By registering it somewhere I make it easy for the patent office to search, thus turning down a patent application. Thus preventing me being sued by some new patent holder.
But to answer the question, no I wouldn't use a service like this. Partly because I wouldn't spend the money and partly because (in isolation) the service doesn't work. Unless the patent office is involved and actively using it, bad patents still get granted.
Yes, it might add some weight to a court case where I'm being sued, but honestly if I get there I've already lost. And my code backups show the same thing anyway.
Plus, which of the thousands of things I am doing, should I register? Am I supposed to trawl through my code deciding on each line if it's novel? If I do all this work I might as well just get a patent. That can at least be used in cross-licencing agreements.
Yes, software patents are a blight, but I'm not sure this is really a solution.
