Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror

Comment Re:2 Things About Slashdotters and Bitcoin (Score -1) 79

You might want to read up on Bitcoin some more, much is happening. Check out this and this which are taking Chaumian Mints to the next level. You can read more here. And then there is the Layer 2 solution, the Lightning Network which is helping with the privacy. More tech is on the way to help with privacy more.

One of the things that attracts me to Bitcoin is it's similarity to the Internet and the Web. It's a protocol in a stack. Doing what SSH, SFTP, HTTPS, et al have been doing for information for decades, but for money. I see it as the best savings technology ever currently (it's worked for me in more than a few ways - made me a saver - I'm mid-50's and never saved anything until the last two years and now I'm also debt free for the first time in my life!) Someday I hope/think/believe it will be the best money. The dollar is dying as our government continues debase and I believe they'll turn on the money printer yet again within the next year and drive the value of the dollar down even further.

Comment 2 Things About Slashdotters and Bitcoin (Score -1, Troll) 79

I've been on Slashdot since probably 1997 and I've always thought of many Slashdotters as among the smartest people in tech. Often ahead of the curve with regard to technology. Linux users most. Many are programmers or at least know how to code. Smart people in general. Yet, it's astounding to me just how anti-Bitcoin so many are. It's like you're anti-tech Luddites! LOL

I would wager two things are true amongst the Bitcoin the haters:

1.) They can't/don't/won't separate Bitcoin from "Crypto". They lump them together in ignorance.
2.) None have done the requisite work to actually really understand Bitcoin.

If you were to do a deep dive and really make an attempt to understand the technology (decentralized, portable, immutable, finite supply, true digital scarcity, fungibility, security, permissionless, censorship resistant, etc.) and the ideology, I think you would actually see the forest, not just the trees.

Did you guys all get FOMO and buy some Bitcoin when it was at $69K and now you're just salty about it? Did you buy some of the 20K+ "Crypto" garbage coins during the last bull run, lose everything, and now you hate all "Crypto"? If you think Bitcoin and "Crypto" are the same, you might want to RTFM.

Comment The lack of understanding astounds⦠(Score 0) 53

The lack of understanding of Bitcoin by Slashdotters is astounding. People equating Bitcoin with âoecryptoâ show they obviously have no clue, lumping them together as though they are the same thing. And the old âoeBitcoin has no valueâ trope is so tired. It obviously has $30,000ish of real value as of the time of this post. If Bitcoin has no value, then neither does any currency. Do you know what value is? Do you know what money is? Do you know what a medium of exchange is? Itâ(TM)s like continuing to believe that Linux will never amount to anything (when itâ(TM)s essentially taken over the Internet and Web). Why just today MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per Bitcoin and as of 6/27/23 MicroStrategy holds 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per Bitcoin. No value⦠ha!

Slashdot Top Deals

The clash of ideas is the sound of freedom.

Working...