infinitesunrise @ infinitesunrise @slrpnk.net

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Joined

6 mo. ago

People can all have different reasons for a thing and yet all still come to the wrong conclusion. Bitcoin just doesn't meet the criteria for a scam. It's one thing to not like or trust it for legitimate reasons. It's another thing to denounce the thing you don't like or trust with an invalid accusation.

There are definitely elements of this administration that want to see their particular shitcoin approved. We'll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving. But, this is the anything goes administration...

edit - See other user's comment noting that actually Etherium was also approved for use as a security last year.

That is not what's stopping people from paying for things in bitcoin. When you buy something in BTC you pay the equivalent to whatever you would have paid in the local fiat. And on the vendor side, merchant services often convert that paid BTC into fiat in the moment after the sale. Both parties are insulated from volatility in the context of the exchange. What actually keeps people from paying for day to day goods and services in BTC is Gresham's Law, the observation that nobody wants to pay for purchases with an appreciating asset, so long as there's also a depreciating asset they could pay with instead.

Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.

It's not a scam. It's also not immune from valid criticism, but people who call it a scam don't understand it well enough to make those criticisms.

Their value-add is that they financialize their bitcoin holdings to grow their bitcoin-backed shares faster than the bitcoin itself. Higher risk than just holding bitcoin or ETFs that just hold bitcoin, but something like 30-40% better returns.

In good times. We're yet to see how they do in a bitcoin winter.

I'm a middle-aged cyclist (though I got into it around 20) who eschews lycra. I hate the look, the fit, and the feel. I bike in vans slip-ons, running shorts, and t-shirts. At most I'll wear chamois under the shorts. No clips for me either, flats with the peg screws forever. 90% road cyclist btw, very little mountain biking. Oh and no fitness tracker / GPS as of a few years ago. I just need as little friction as possible between being not on the bike and being on the bike. For me it translates to more fun and many more miles. These days some would call my style "xbiking".

Bruh, chill.

So you're making an arbitrary value judgment about which legal violations are acceptable and which aren't. That's fine to do, for yourself. But you're applying them onto others.

It would be one thing to debate someone about when it is and isn't OK to break the law, but you're not doing that. You're just implying that someone else is wrong because they don't share the exact same illegalist framework as you. And you're resting your entire point upon that supposition.

I dunno bud, if you're OK with people speeding to pass, maybe relax about people doing the speed limit in the left lane instead of insisting that it's your way or the highway. Pun intended.

OK yeah that sucks. I've run into hex grubs screws before, but on brake levers which I'm pretty sure have to meet compliance stuff like ISO safety standards so the hardware was higher quality.

JIS is definitely a step up from Phillips, as long as you have the right bits and can tell them apart. I run into JIS a lot in bicycle maintenance. But neither of them hold a candle to metric hex. It's really hard to strip a hex bit until you're being a total idiot.

You can run plexserver as a service outside of docker. That's how I ran it years ago, before I got comfortable with docker.

I'm literally parodying the policing tone of the user I was replying to.

So you're the tailgating truck driver in this meme?

Rude, safe, who's to say.

I find that people driving in the middle when the right is clear are often just anticipating an upcoming on/off ramp where they know that things can get bunched up if there are cars that don't need to be there.

"Never be the fastest car on the highway" is a pretty good rule for avoiding state troopers.

But for real, if someone is tailgating you at speed the right move really is to ease down slowly. Because if you have to stop quickly at speed, they're going to catastrophically rear end you. Slowing down steadily lowers the stakes and may induce them to pass you and harass someone else.

Are you implying that you break the speed limit just to pass people?

10 MPH over the signed limit on the highway is very typical here in the US. And yeah it's not great, lots of car fatalities here.