Third, my main point is to assert that bitcoin also provides a lot of amazement, and it may not be the same kinds of amazements of other centralized services, but it is still amazing in a variety of innovative ways...
-The cost of mining 1 bitcoin is only slightly lower than the price of 1 bitcoin, mostly in burnt hydrocarbons. *AMAZING*
Look at you?
? Trolling your little newbie head off... Your employer must be getting desperate.
O.k... I will bite for a little while, even though it may be a waste of time to engage with you.
There is a lot going on with mining in terms of securing the network for the present and for the future.... it is a small cost to pay, and generally seems to be borne by the chinese government through its subsidization or electricity.
Furthermore, investors in mining are also bearing costs and taking risks, and in the end, each of them individually is betting that in the present (and maybe even the future, to the extent that they are hodling coins or expanding their mining business) they are going to profit from their participation in such business.... so who the fuck cares? They are rational actors who can choose for themselves the extent they want to invest into mining and whether they calculate that it is going to be profitable for them.
Your point about hydrocarbons.. so fucking what.. sounds like an ethereum talking point. Powering the internet takes a lot of power, too, and we are not shutting it down because it provides a lot of benefits... same is true and going to continue to be true of our lovelie lil bitcoin friends and its network that is secured through decentralized computing power.
-Bitcoin inflation rate is 10% per annum. *Amazing*
Your taking a quasi-irrelevant and nonsensical snap-shot that truly misses a variety of points, because it is out of context. No need for me to comment further regarding your laziness in terms of this point.
-Currently, bitcoin can handle a sustained rate of roughly 3 transaction per second, the average transaction volume generated by one mid-sized US shopping mall. *Amazing*
Bitcoin transactions are doing fine for its current status and size.. .and yep, another out of context snapshot... see my response to your other above snapshot point.
-A few days ago, someone paid $136,000 to send $0.05. *Ahahahamazing* (SFYL)
I looked up "SFYL", but I couldn't figure out what it meant.
If true, and not created by the government or big banks... this surely is a big mistake, and the public nature of bitcoin allows us to see it...
Being able to see the discrepency is amazing in comparison to centralized systems. I believe the story is that the miner is looking for the person who lost the coins... and the funny thing is that the public is making a big deal out of it in part because they are having trouble identifying who is out $136k.
-An average bitcoin user is functionally illiterate. Sad, yet *AMAZING*
Where did you get this supposed convenient and seemingly self-serving "fact"? Did you pull it out of your anus, to the extent that you are a real person, and not a bot?
Forgot what amazed me about my credit card, let's see...
I didn't forget, so there is no need to quote yourself again.
Huh. I guess you're right, booth CC and Bitcoin are amazing
You seem to be attributing something to me that I did not say... I said bitcoin is amazing, and you said that your credit card is amazing. I did not say both were amazing.
I appreciate your points to the extent that they are potentially relevant to bitcoin, yet we do not really need to go down a rabbit hole in discussing credit cards because bitcoin is not a credit card, as we should already realize it provides a different kind of amazement that may overlap with some of the credit card services but not be exclusively such.
AMAZING!!!!!
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