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Joined 20 days ago
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Cake day: June 11th, 2024

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  • All assets are backed just by beliefs and believers. Even when you can say that it is backed by something you need to believe in that “something” and see value in it. And beliefs are based on myths: why an asset should have value and how it can lose it. More diverse myths an asset has, more robust it is against drastic events. For example, stablecoins rely on a single myth: the peg with it’s base currency. If stablecoins lose the peg, they virtually go to zero. All “backed” assets have this important myth that they will still be backed in future. But in cryptocurrencies like Bitcoin, people have different explanations why it has value. There is no a single point of failure. And Bitcoin is quite good especially among cryptocurrencies because of its price history. And I have my own ideas of bitcoin value, and don’t need to listen Saifadean Ammous, bitcoin maxies or whoever. Even if Bitcoin is now a religious cult, but the human civilization entirely consist of such cults. And even if I don’t own bitcoins myself, I’m quite confident in its price, but not in overstated predictions of maxis.

    So. Do you really need to give financial advises to your friend? Are you sure that you understand it better and won’t give a poor advice?



  • Oh no. I’m fine with installation. What with I’m not fine it’s requirement to access some websites to load an app, dependence from DNS in inner links, inability to proxy it through overlay networks, protection from spamming the network. Lack of everything what could make it deserve to be named P2P app. I just don’t want to see it placed in the same category with BitTorrent, I2P or RetroShare.