• 2 Posts
  • 19 Comments
Joined 1 year ago
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Cake day: June 21st, 2023

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  • This video has seemingly no sources for its claims.

    It’s just an introductory video. The references are in her book. I counted around 300.

    Lyn Alden is part of “Ego Death Capital”, a venture capital company around cryptocurrencies (https://egodeath.capital/team)

    Only Bitcoin. Bitcoin is not any crypto or altcoin, which I agree most are scams.

    Lyn Alden is the Board Director of Swan Bitcoin - a Bitcoin investment platform (https://www.swanbitcoin.com/alden/) Lyn Alden is not an economist (https://www.lynalden.com/about-lyn-alden/)

    Who are you expecting to make a video about the failure of the current system? A banker?

    Bitcoin cannot be diluted (~27:25) REALITY CHECK: Bitcoin is always being diluted until it reaches its hard limit.

    What she obviously means is that nobody can delute it. It creates new money at a mathematically determined rate.

    The value of Bitcoin has only increased over time (~27:50) REALITY CHECK: The log scale is playing tricks. A linear graph would show how volatile Bitcoin has truly been.

    She doesn’t say that. She says bigger highs and bigger lows, which is true. That doesn’t mean it always increases.

    Bitcoin’s hard limit is likely very dangerous for the network (~29:00): Once the hard limit is reached, it is unclear if people will keep >pumping computing power at it. If the creation of new Bitcoin is no longer allowed, it is possible that transaction fees will need to >be raised to compensate miners.

    Dont worry, it will happen in 2140.

    And of course is Bitcoin propaganda, and more of this quality is needed.








  • corvus@lemmy.mltoMemes@lemmy.mlBlockchain: the wave of the future
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    9 months ago

    With all the information available at your fingertips being ignorant is a choice.

    “this parallel financial system can also serve a tangible social good, offering an onramp to the financial system for people who would otherwise be left out. In countries where the vast majority of the population is unbanked, national currencies are no longer a safe store of value, remittances comprise a hefty portion of GDP, and international sanctions complicate connections to the global economy, a virtual currency that doesn’t require an intermediary to approve transactions can be a vital lifeline for survival”

    Bitcoin is poised to blow up Africa’s $86 billion banking system




  • corvus@lemmy.mltoOpen Source@lemmy.mlDon't be that guy.
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    10 months ago

    You are literally sending 99% of the new Linux users back to Windows haha. C’ mon its not that hard, look at what custom ROM developers do. They put a big disclaimer warning of the risks of installing the software. You won’t find a single user blaming the devs for a bricked phone, and there are lot of them. The one who has to consider the risks and warn about them is the dev, just because (s)he is the one who knows the software better and not all users are developers and they usually don’t know what are the risks.


  • That’s how he made the calculation, but it’s not what he said, because 5% of European jews each year it’s not the same as 5% of the initial European jews. The word initial is absent and in my view that make its numbers wrong. But yeah, may be I’m being too strict and most of you understood what he meant. By I think it’s misleading because it can give you the idea that in general if you have 60% in 12 years you can calculate the percentage for each year just by dividing by 12. And that is certainly wrong.


  • If you kill 5% of the population every year from 1933 to 1945, how much of the initial population >you end up killing?

    This is the simple math problem you stated and the answer is 46%, not 60%. Nobody does the calculation the way you do. Or you think that a simple math problem has two contradictory answers? Show me a single example that someone does the calculation the way you do to answer such a problem, you have the whole internet. I accept my error if you find it.