Comments by "SAL" (@SAL-fs1mr) on "Lex Fridman" channel.

  1. Good. That garbage is a distraction.
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  2. Lol
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  3.  @AllyWhiteArtist  if you believe that, then you fell for the marketing.
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  4.  @AllyWhiteArtist  at a most basic level, how many times has the founder gave presentations? How many tokens does the algorand foundation have? It's all marketing. The key part of the trilemma is decentralization, and any proof of stake system is equivalent to oligarchy, which is not truly decentralized.
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  5. Having inflationary currency is the underlying problem, it prevents technology from being able to lower costs to zero or close to zero. The solution is to have a scarce money system to help drive abundance in everything else.
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  6. Nope. 2017 showed how when the majority of miners and exchanges wanted to push through an upgrade, they failed. Nodes control Bitcoin, not Bitcoin holders, not miners.
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  7.  @TheMrInnovative  China banning mining was awesome! It again proved that if the majority of mining was shutdown the Bitcoin protocol would keep working as intended!
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  8.  @TheMrInnovative  it's unfortunate that your are too focused short term price movements. Just keep in mind that price isn't the same as value, and that other projects always make severe trade-offs in terms of security and decentralization.
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  9. Any possible margin call is a non issue for microstrategy, that's because they have so much extra uncollateralized Bitcoin.
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  10. If that was true, the dollar supply wouldn't have increased by over 20% in the last 12 months.
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  11. So you're going to try to save your wealth in dollars or bonds? Lol, good luck.
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  12. Doesn't really matter, all those altcoins go in the same bucket. Bitcoin stands alone.
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  13.  @anu1776  lightning network protocol on Bitcoin. Don't need a new alt token.
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  14. How do you define money though?
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  15.  @CalCaliente  medium of exchange doesn't count as a use?
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  16.  @CalCaliente  the person with more Bitcoin can exchange more goods and/or more frequently than the person with fewer.
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  17.  @CalCaliente  well with that logic, you would have to admit that your comments here aren't real, maybe even meaningless.
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  18. Cardano is decentralization theater. Any type of proof of stake will always have the weak subjectivity problem, Bitcoin's proof of work doesn't have this. Also, new participants can always come in and dilute previous miners, but new stakers do not dilute previous stakers. This causes unavoidable centralization in pos.
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  19. McLovin
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  20. Because of Bitcoin halvings happening every 4 years, that should be the minimum window of evaluating Bitcoin's performance.
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  21. Proof of stake is what the World Economic Forum supports, so that is the current thing to support.
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  22. No need to mention all the centralized altcoin scams out there.
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  23. Lightning network already enables instant Bitcoin transactions with negligible fees.
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  24. What makes tether more fake than regular dollars?
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  25. Saying I'm not open minded because I don't want to buy any of your altcoins is a pretty toxic mentality.
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  26. Nope, you've bought into the misinformation. Be realistic and state the tradeoffs of those alternatives to pow.
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  27.  @mattismase  if you don't believe there are significant tradeoffs when it comes to pow alternatives, you're the one living in an echo chamber.
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  28.  @mattismase  the codebase is 100x more lengthy to maintain POS than it is for POW. Inflation bugs are easily fixable in a simpler codebase, if (when) something goes wrong on a POS system, it might not be able to recover. Go study the tradeoffs before you spew misinformation.
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  29.  @mattismase  you're probably not interested in learning about the tradeoffs, but if you or someone else reading this is: https://youtu.be/aJSv6B1R0d4
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  30. Over 100 million people own Bitcoin. I avoid the altcoins.
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  31. No, Craig is a clear fraud.
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  32.  @Ireland1  I'm just stating facts. To post a fraudulent digital signature in 2016 means nothing other than a fraud. Simple. No elaborate words can change the facts.
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  33. PoS means total control by whales. This is because there no competition in PoS. PoS is what we already have with the legacy system. Also, 2nd layers are real with lightning network and liquid sidechain.
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  34. You can't prove a negative.
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  35. Therefore, xrp ledger is completely centralized around the Ripple company.
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  36.  @joshuavanderplaats  in other words, xrp has had nearly 10 years to figure out decentralization, but haven't yet. Just be honest about it.
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  37. Multisig Bitcoin wallets is what you want to look into
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  38. Saif doesn't waste time talking to altcoin scammers.
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  39.  @michaelfrieze  he only enters into "debates" to promote his altcoin. He fools noobs by sounding confident.
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  40. All we can say for sure is that Craig Wright is not satoshi. Craig Wright is a complete fraud.
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  41. Bitcoin gets an upgrade to a quantum resistant algorithm.
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  42. No, because the cold storage will have a paper backup.
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  43. High frequency trading comes to mind.
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  44. Wrong. Everyone should ignore Craig. He's an absolute fraud.
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  45. If you plan on living more than a decade or if you want to pass something to your children, then bitcoin needs to be seriously considered.
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  46. It's not ethical or neutral because of the Ripple company.
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  47. Assuming the seller accepts bitcoin, you pay them using an app on your phone.
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  48. Why does it have to be that way? Why can't the money just stay static in supply and thus resources get cheaper over time?
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  49. Which is a cursory understanding of what bitcoin really is.
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  50. Each bitcoin is divisible into 100,000,000 satoshi's. It's like a pizza, dividing a pizza into more pieces doesn't actually give you more pizza.
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