Oddbean new post about login | logout Maybe you and I are debating two different things. Fedimints do not increase Bitcoin supply. Fedimints take Bitcoin and turn it into ecash tokens that may be claimed for Bitcoin in the future. Fedimints may make more claims than they have Bitcoin. At that point the Fedimint is fractional reserve on the ecash. Some users will go to claim their Bitcoin and it won’t be there. To an regular user, their Bitcoin is gone.
You are simply using the term fractional reserve 100% wrong. I never said nor has anyone said there was no trust issue here. Perhaps go to ChatGpt or yourube or something and learn what fractional reserve means.
Yeah I can see how I conflated fractional reserve here with straight up debasement. 👍
You still sound like you don't have basic definitions. Sign up for this, read every email for a year, then we can try having another conversation. https://www.investopedia.com/term-of-the-day-newsletter-term-a-7551183 Really not being a dick here you are just well, layers do not debase BTC either. https://m.primal.net/JOCE.jpg
I’m always down to learn more and refine understandings I’ve gained over the years. Sounds good. It’s kind of dick to tell someone they are being willfully ignorant when you don’t know anything about that person. I’m clearly not, if I’m willing to engage in a conversation about complex financial topics as they apply to unproven technologies and admit when I need to go back and refine my understanding. Quite the opposite of your assertion. I still listen to your show and am a member of the MSB.
If something is easy to know and you choose not to know it, what do you call it? 🤷
Maybe someone in need of a rectal cheese grater.
Naw he seems like a good guy. But when you are actively arguing a point and a person says, that is not what this thing means and you keep arguing without checking and you are wrong. You have chosen not to find out and you don't know what you are saying. So you are Willful - actively making a choice Ignorant - lacking specific knowledge on a thing This is always worse when people are repeating what other have said. I always say, trust no one, even me, fact check everything. And there is a reason. To call a man ignorant to a specific thing is not an insult, it is not like calling them stupid. I am ignorant to many things but I don't talk about them like I know about them.
Honestly, to be fair, I know nothing about the guy in the thread, so it wouldn't be fair to single him out. In response to a generally willfully ignorant individual, though, it is the willful part that just grinds my gears. I worked with a group of guys in the tech industry during the Rona; individuals who generally tend to be really smart. These guys would feed off anything the MSM would feed them and attempt to mathematically prove how severe the disease was with the fictitious numbers they received, simply because they refused to question the original sources or think for themselves. Lately, anytime I debunk or deconstruct ignorant claims the counter party essentially refuses any level of continuance for our discussion, and states, "We'll just have to agree to disagree." A week later I heard them lean on the very same deconstructed argument when they were talking with someone else. Almost like our previous conversations have never happened. When I bring it up they get visibly angry. Just touched a nerve, I suppose.
