Recent content by Arden

Had the first part right. Missed the part where we stubbornly hold onto our bag at -50% and then somehow end up back up at +40%.

Goddammit @Flobee, why didn't you include a Teaxn footnote in your post? You should seriously stop letting this dude troll you.

if Shor’s algorithm ever becomes practically dangerous, your bank account (as it is now) would be toast long before your Bitcoin wallet is. The biggest realistic danger for BTC is actually Satoshi’s wallets. His wallets are basically the world's biggest quantum honeypots Edit: gotta point...

Q-Day: Imminent doomsday scenario? Hardly. Looming issue that needs addressing right now? Definitely.

https://www.tomshardware.com/tech-industry/cryptomining/homeland-security-thinks-chinese-firms-bitcoin-mining-chips-could-be-used-for-espionage-or-to-sabotage-the-power-grid-bitmain-probed-by-u-s-govt-over-national-security-concerns?utm_source=chatgpt.com

Any bets?

I tend to be cynical, so I admit it could just be that, but I think Cramer was once a pretty good analyst who has now become just part of the scam that represents what the modern financial-entertainment complex has turned into.

I saw the quantum FUD and got concerned, so I did some research on this. This issue isn't so much "quantum computing" broadly, it's Shor's Algorithm, a quantum algorithm that can factor large numbers and compute discrete logarithms exponentially faster than classical computers. In theory, a...

I'll see your Cramer and raise you my Cramer:

I’ve said this before, but it bears repeating because it’s the single most important point here: Bitcoin has been the best store of value of the modern era. That’s not an opinion. That’s math. You can argue “intrinsic vs. intangible,” or debate philosophy all fucking day long- be my guest...

This is correct. According to the World Gold Council: “Around 10% of gold demand comes from industrial and technology uses (in industries including electronics, dentistry, aerospace and others).” The rest is derived from the same things that make BTC valuable: global consensus it is a store of...

Fair enough- we might have a disagreement on the definition. Or maybe I'm defining it broadly and you're defining it more narrowly. What do you mean when you say fundamentals?

Actually, you started by saying it doesn't have fundamentals, and as the argument progressed you've now settled on that it doesn't have "tangible" value (which I don't at all disagree with, but which functionally means very little).

If the UK could actually censor Bitcoin, they wouldn’t need to cap holdings, they’d just shut it down. Limits are a policy choice; censorship resistance is a property of the network.

That's an easy one: scarcity (programmed supply cap); security budget & immutable ledger; liquidity & global market depth; network affects; portability; censorship resistance etc