Bitcoin
Fewer than 5 people recommend it so far, so there's no written verdict. Here is what commenters said.
Why people recommend it
“help a bunch of new people all around the world learn about and get starting using bitcoin”
“Bitcoin can be used to resist such financial censorship”
Show 1 more
“Bitcoin has been running since 2009 with plenty of incentive for hackers to find flaws in it and they haven't found any.”
Caveats and dissent
“distaste for bitcoins many showstopping flaws absolutely made crypto in total go away.”
“BTC doesn't have enough throughput to balance all the banks in the world”
Show 2 more
“for Bitcoin in the longterm it is a massive risk psychologically”
“transactions on that old tech are transparent (no privacy whatsover)”
Often compared with
Threads where it came up
- Monero Community Crowdfunding System 4 mentions
- I wasted years of my life in crypto 3 mentions
- A Cryptography Engineer's Perspective on Quantum Computing Timelines 2 mentions
- Dutch central bank moves share of gold from U.S., Canada to London 1 mention
- Ask HN: What Project are you the most proud of? 1 mention
- OpenNode – Bitcoin Payment Processor 1 mention
Data: bitcoin.json. Quotes are verbatim; the verdict and theme labels are written by a model from these comments, and every clause links to its sources.
All comments 30
“Perhaps bitcoin satisfies many of these properties”
“help a bunch of new people all around the world learn about and get starting using bitcoin”
“distaste for bitcoins many showstopping flaws absolutely made crypto in total go away.”
I think we have a clear idea on what sort of crypto is useful (stablecoins) and which ones are not (memecoins, Bitcoin). As we have seen with Stripe [0], Shopify [1], PayPal [2], have all figured out its utility is in stablecoins, which you can send them worldwide, same day, 24/7 in seconds close to $0 with no room for speculation and pay for things and soon agents will do the same. [1] We get that the author is stil
“BTC doesn't have enough throughput to balance all the banks in the world”
“for Bitcoin in the longterm it is a massive risk psychologically”
“It's like Bitcoin but actually usable for purchases.”
“punted on being a "peer to peer payment system"”
“transactions on that old tech are transparent (no privacy whatsover)”
“BTC for example is non-fungible because there are tainted and non-tainted coins”
> paying a high price Monero's transaction fees are less than Bitcoin's: https://bitinfocharts.com/comparison/transactionfees-btc-xmr.html#log&3y And Monero's fees decrease with larger block sizes (Monero has dynamic block sizes) whereas Bitcoin has a fixed block size and fees must increase to compete to be included in the block.
“there is no inherent advantage to Bitcoin here”
“it has all of the benefits of Bitcoin + actual privacy”
“Bitcoin could have achieved A) through D) by simply doing away with the capped supply”
“This proposed Bitcoin roadmap is conservative and focused.”
“Bitcoin can be used to resist such financial censorship”
“Adding new signature schemes to bitcoin is relatively trivial”
Yep, I was looking into it and from what I understand: - There is a dark outlook on Bitcoin as the community and devs can't seem to coordinate. Especially on what to do with the "Satoshi coins" - Ethereum has a hard but clear path (pretty much full rewrite) with a roadmap [0] - The highly optimized "fast chains" (Solana & co) are in a lot of trouble too. It would be funny if Bitcoin the asset end up migrating to Ethe
“there are MANY problems starting with BTC”
“Kind of sad that we're stuck with the one that heats the Earth”
“Bitcoin manages to consume more power than all the AI systems were wringing our hands over”
“Bitcoin has been running since 2009 with plenty of incentive for hackers to find flaws in it and they haven't found any.”
“Bitcoin forks constantly over ideology”
“Bitcoin forks constantly over ideology”
“For a pool size of 30%, at least 24 confirmations should be required in Bitcoin, but 49 in Monero with its stricter ε=1e-6.”
“One could argue that Bitcoin's capped supply sacrifices long-term economic incentives”
Web3 is dead, because the VC valuation multiplier switched from "blockchain-native" to having an "AI story", so startups don't have to pretend to care about data-sovereignty anymore. Developers want to use Postgres, not a distributed ledger. And most end users don't really care about data-sovereignty. If I thought a significant percentage of my app's users did, I would much rather rewrite to conform to ATProto than t
“BTC is not really digital cash either”
“not for Bitcoin, therefore, but for example, Solana is already adequate”
“It's been a while, but it has happened”