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0 sats \ 1 reply \ @OriginalSize 24 Mar \ parent \ on: SEC Officially Drops Ripple Lawsuit news
It's purpose is what it does. It helps serves people who don't understand or prefer premine centralized database currencies. It's basically fiat that masquerades as a cryptocurrency.
Good. The more it uses, the more value it can protect with the most efficient mechanism man has ever devised.
I like him, but as a personality, not as an advisor. Perhaps a reverse JCal index would be profitable.
Doesn't seem particularly alarming to try hundreds of keys per second on a GPU but they don't mention what kind of speedup this is due to their optimizations.
I didn't feel the rigor but I agree with the point that we need to talk to people. We breathe life into each other. I feel the phone works about as well as face to face but haven't done a study.
What does your title mean wrt your text?
I don't think the BIS is in control in the same way like the UN. Power still rests mostly with the US and the Fed. The BIS is just like the UN in the sense that it's another avenue through which the US/Fed can implement global policy.
Do you think the blame game will lead to confiscation?
Wait if you plug a hardware wallet into a laptop that laptop now owns all coins it's ever seen? Could get spicy...
Smart people can ignore convention while evaluating a new technology, especially one with the power to change everything 😉
History tells me that big innovations don't reach their most beneficial effects for centuries to decades. The pace has increased but still some things only advance as the old guard dies. We're probably going to be in the stacking phase for quite a few more years.
Doesn't really bother me. Bitcoin is here for the people who need it. Many of them are going to exhaust every other option first. Those with foresight can hold it for them and be paid well for the service.