Damus
JackTheMimic · 1w
Speculation by not knowing the future is not gambling. Not knowing whether or not I will be alive at the end of the week is not the same as taking out a three Bitcoin bet that I will survive till the ...
ihsotas profile picture
You never can know the future. When I use money I am speculating that the money I’m using is best spent on that good or service at that moment. I could get hit by a car and break my leg the moment after buying a lift ticket to ski. Or I could buy something that goes on sale the next day.

Read your Austrian economics.

If people want a change to bitcoin consensus and they are unwilling to put their money on the line, I will never take them seriously. Allowing people to socially attack bitcoin without holding their feet to the fire by expecting them to put funds on the line is more damaging to bitcoin than anything this current debate is about.
JackTheMimic · 1w
And I am telling you money≠action. Human action is the only thing that tells you what someone values. They are running nodes with specific software. That action is telling you their intention and their preference. All a one Bitcoin bet means is that I have enough Bitcoin that I can frivolously ta...
JackTheMimic · 1w
Also, they are putting their money on the line by running a node and using that as the source of truth for their Bitcoin transactions.