politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
Anyone can buy fractional shares.
I notice you didn't say "value", which is smart.
Everyone can print it privately. And it's insanely easy to get robbed.
That is amazingly, blatantly and intentionally false. Bitcoin transactions are horribly expensive in real life.
Oh my, you have gotten some terrible information.
There is nothing magical about holding a whole number bitcoin.
I did say "value" as well, bitcoin has undeniably proven itself as an excellent store of value.
Anyone can mine it according to agreed upon rules, nobody has special control over it.
You absolutely can send it instantly for almost no fee. That's the only way I send it. I use the lightning network to send BTC like millions of other people.
You know so little about something you think you know so much about. You have just absolutely proven your ignorance repeatedly. It's time to slide the keyboard to the side and start doing a little research.
Oh yes, massive volatility and no official backing make it a great store...
So you can cheaply do Bitcoin transactioms... By not doing Bitcoin transactions and taking your exchange off of the blockchain, thereby negating most of the advantages. And by doing that you're relying on trusted third parties with special powers for fraud prevention, which goes against everything most crypto people applaud?
Ah yes, personal insults really make your argument more persuasive and informative, and always do wonders to motivate people.
Lightning network doesn't involve trusted 3rd parties, and it is directly connected to the blockchain in a trustless 2nd layer network.
Whatever, sometimes it's volatile, that has decreased massively over the years, and during all that volatility, it was consistently rapidly increasing in value. Not only is it not inflating like even the best fiat currencies, it has outperformed every other asset or investment in the last 10 years.
Pointing out that you are talking with confidence about things that you can't even be bothered to research is an important thing to say because there are people who will mistake your confidence for actual knowledge. The appropriate behavior is to research and say things you learned. When they are refuted, you should check to see if maybe you were mistaken, not double down because you dislike the feeling of being wrong.
What are nodes and watchtowers? The way the whole layer works basically negates all the upsides of Bitcoin transactions, stripping much of the privacy aspect: https://arxiv.org/abs/2003.12470
There are much, much better cryptocoins out there, and it's a much more nuanced case there. Bitcoin with lightning transactions are basically a less safe, more power hungry and more complex way to be less safe than with a normal bank.
Hell, even the original developers are leaving the Lightning project because they don't support whats going on.
I'm not very interested in cryptocurrency generally but I'm interested in how the tech works--in addition to the aforementioned issues with security if one party controls a significant amount of the lightning network, wouldn't lightning also be inefficient if a large percentage of transactions are one-offs? It would generate a transaction on the blockchain to open the payment channel between two accounts and a second transaction to close the account, correct? So if the actual number of transactions is two or less it doesn't offer any actual advantage?
Someone memorized the script really well.