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

  1. He's not.
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  2. Figure that out and you'll be a billionaire.
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  3. How can you be sure that fees will be low in 20 years?
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  4. Securing the bitcoin network.
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  5. I've studied lightning network for over 5 years. There is nothing scammy about it once you understand it. It is just a network of payment channels. Even if you are skeptical about it, no one is putting all their Bitcoin wealth onto lightning.
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  6.  @everydaymacrocooking  what's the issue? You're already "prefunded" whenever you first set up a lightning wallet.
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  7. So if a miner had the correct amount of zeros in the header, but they gave themselves a 1 million Bitcoin, is it a valid block? Would your node accept it?
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  8. Hex is just another one of the endless altcoin scams out there.
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  9. Well... Many of the scams were built on the ethereum blockchain.
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  10. Inflation is happening right now. Copper, steel, lumber prices are clear evidence of this.
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  11.  @spianny  because production isn't down. And inflation is the only reasonable explanation for assets like stocks and real estate going up, exacerbating wealth inequality.
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  12. Satoshi was Len Sassaman
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  13. Cardano is not decentralized at all. If you think otherwise, then you fell victim to the marketing.
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  14.  @flamesatdei  if by others you mean altcoins, it's just as centralized. Whales own the majority of the stake, new entrants do not dilute their stake. Simple.
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  15.  @flamesatdei  my comment is about the fundamental problems with any pos system. I wasted my time looking through that marketing report, and it didn't address the fundamental problems of who ultimately has control in such systems. So many altcoins can look decentralized on a superficial level, cardano is a prime example.
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  16.  @flamesatdei  Bitcoin, obviously. Unfortunately, altcoin propaganda has many newbs believing otherwise, making them think that Bitcoin is somehow controlled by miners or pools, which is absolutely not the case, as was clearly demonstrated in the 2017 Blocksize wars.
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  17. I hope so, I really want to stack some coins at a discount.
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  18. There is no single entity that controls Bitcoin.
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  19. No, Blocks in Bitcoin are kept small to specifically avoid that problem.
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  20. Nope. Bitcoin is the king. Proof of stake chains are weak, controlled by whales.
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  21.  @bgsnyder  I know enough. Doesn't change the fact of the pareto distribution of wealth, meaning that the majority of the stake will be held by whales and exchanges, meaning those are who controls your favorite pos altcoin.
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  22. Solution: have the money be scarce to help drive abundance in everything else.
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  23. Portugal has achieved about 30% of it's energy consumption from renewable clean energy. Bitcoin mining is actually closer to 60%.
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  24. It's not a matter of being being close minded. Studying POS and all the variants of it lead to one conclusion: it's inferior to PoW unless you are trying to use it as equity.
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  25. 1 Bitcoin = 1 Bitcoin
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  26. Coinbase
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  27. I have a good grasp of it. It's fascinating.
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  28. How do you know?
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  29. Because Bitcoin is meant to be decentralized.
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  30. There will be other competing needs for that energy.
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  31. As we have seen recently, those alternative systems make trade-offs that make them less robust.
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  32. That's a complete non event, he just posts more Bitcoin collateral.
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  33. I can imagine people willing to take tainted coins for a little bit of a fee.
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  34. Wrong because bitcoin is not a democratic system. As a user, I don't have any authority to "vote" to make incompatible changes to the bitcoin unless I want to go make an altcoin. For example, many people wanted to increase the blocksize of the bitcoin blockchain, but because it was an incompatible change, they went to go make an altcoin called bitcoin cash.
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  35.  @garrettmckeown1863  no, the miners do not have voting rights. In 2017, we saw how the majority of miners wanted to implement larger blocks in Bitcoin, but they were unable to make it happen. They ended up having to go make an altcoin called Bitcoin Cash. They can only vote themselves off the island so to speak.
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  36. Richard Heart is a clown.
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  37. Wow, you got fooled by the scammers? You do know that isn't Saylor doing that, right?
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  38.  @TMANandMAISON991  yes, that's what the scammers do, they take footage from elsewhere and pretend they are Saylor doing the scam.
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  39. BTC is the answer.
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  40. He's planning on doing just that with his wealth after his death.
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  41. Lol! Now Luna is 0.0001. Bitcoin is the standard.
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  42. Can you provide examples?
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  43. He has 6 years to pay it back, you don't think Bitcoin will be up by at least an order of magnitude by then?
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  44. He already talked about altcoins being like securities, and xrp is definitely included in that.
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  45. Bitcoin is extremely scalable. Go learn about the Bitcoin lightning network.
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  46. Nah, that's just a centralized altcoin. The answer is Bitcoin and lightning network.
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  47.  @johngalt6417  I'm sure you'll get a few newbs falling for that pitch. You sound no different than anyone else promoting their favorite centralized altcoin. No different than XRP, cardano, or algorand fanboys. You are all the same.
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  48.  @johngalt6417  if the technology is impressive, it should be able to be able to be used with Bitcoin as the base token instead of needing a new altcoin. Many buzzwords obfuscate the real intention, a central cabal getting wealthy from an altcoin premine they just gave themselves at no cost.
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  49. Yes, Nic Carter gave in some
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  50. Both of those projects are centralized shitcoins.
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