Degentiful
3.6K posts
Degentiful
@0xforgo
advocate for cryptographically secured money
Katılım Şubat 2018
268 Takip Edilen496 Takipçiler
or, you know, use a better system that can protect against certain "realities"
Mippo 🟪@MikeIppolito_
When an idea collides with reality, truth emerges. Idea: decentralization prevents systems from being coopted by the interests of one user. Reality: the primary user and beneficiary is North Korea. Not sure how the system evolves from here, but it's obvious what's correct in this moment.
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Freeze 1.7M P2PK coins.
Return ~1.7M coins in event of Coinbase custody hack.
Would you support one, and not the other?
They are walking the same centrally planned line.
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@Dr_DAO_ The only dominant voice are the ones willing to pay for blockspace, aka pay transaction fees.
Doesn't appear to me that institution aligned actors even use the base chain..
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I think it's incredibly important the Bitcoin community acknowledges the game-theoretic incentives when it comes to a fork. This isn't 2017, and "the community" is not the dominant voice it once was.
nic carter@nic_carter
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@BTCBreadMan even if it forks I have to imagine, economically, miners support the chain with the most base layer txes..
Reckon that's not the institutions
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Economically speaking - which fork prevails
The institutions who that don't use the base layer
or
The non-freeze original chain who is compromised of user's making frequent transactions...
My intuition points to miners supporting the chain with the most fee activity 🤷♂️
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The system is attempting to coerce Bitcoin, using narrative to undermine the protocol.
That is all this QC conversation is. The machine trying to get Bitcoin to bend to it's will after 16 years of failure.
The network will adapt to "lost" coins becoming a QC bounty.
nofreeze
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This is such a fallacy when contrasting it with USG involvement at the protocol level.... jfc
nic carter@nic_carter
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@HodlMagoo Yeah if we "willingly" touch other coins then the community has lot the plot.
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@lopp Bitcoin maxi's are worried Satoshi's bounty might be available to someone other than themselves.
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Thoughts on BIP-361:
* I know folks don't like it. I don't like it myself. I wrote it because I like the alternative even less.
* It isn't a spec, nor is it proposed for activation. It's a rough idea for a contingency plan that needs more R&D.
* I hope it never needs to be considered for adoption.
* Ultimately, my thesis is that in the face of existential threat, individual economic incentives outweigh philosophical principles.
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Unpopular opinion: This is going to happen and most holders silently want this to happen.
Assuming it’s done with a fair grace period, it seems right. People talking about the ‘original ethos’ are talking out of their sidelined arses or virtue signaling.
Bitcoin Archive@BitcoinArchive
Cypherpunk Jameson Lopp and other Bitcoin developers propose BIP-361 to freeze quantum vulnerable wallets. This could lock dormant BTC like Satoshi Nakamoto’s 1.1M coins, now worth $74B, before quantum computers can steal them.
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chatgpt prompts are being throttled hard today........ where's the compute at dawg
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@BowTiedBull haha still day dreaming about ETH being the monetary apex predator?
Nothing that concentrates consensus around supply will be a global reserve currency.
But keep missing the forest for the trees.
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Really is a clown world
Kalshi@Kalshi
JUST IN: Iran to reportedly require ships passing through Strait of Hormuz to pay tolls in Bitcoin
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Cope and seethe, Cryptards...
Cope and seethe.
Clemente@Chilearmy123
Ships in the Strait of Hormuz while they wait 45 minutes for the Bitcoin transaction to go through
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@TheFlowHorse Blah blah blah - anybody can still send N value amount of Bitcoin to anyone, at anytime, anywhere.
But yeah, its having an identity crisis. Whippty dooo
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Bitcoin was built for exactly this moment. Financial chaos, institutional distrust, a broken system looking for an exit. That was the whole point.
Instead it got co-opted by Saylor, the Trump family, and every other grifter who saw a flag to plant. Now it's carrying too many identities to stand for any one thing.
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@notsofast Almost like a particular individual with a particular alias, released a monetary technology to solve this precise problem back in 2010.
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It makes no sense, whatsoever, for Iran to be accepting trade settlement in stablecoins.
The Kobeissi Letter@KobeissiLetter
BREAKING: The IRGC is now charging tolls, with rates starting at $1 per barrel of oil, on ships passing through the Strait of Hormuz, paid in Chinese Yuan or stablecoins, per Bloomberg. The process includes: 1. To pass, ship operators must first contact an intermediary company linked to the IRGC 2. They then provide their vessel’s ownership, flag, the cargo manifest, destination, crew list, and transponder information 3. The intermediary then passes the file onto the IRGC Navy’s Hormozgan Provincial Command for background checks to ensure no link to the US or Israel 4. Iran has a ranking system of 1 to 5 for nations, with ships from countries that are seen as friendly more likely to get better terms Once the toll is paid, the IRGC issues a permit code and route instructions for the ship to pass.
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If someone is telling you this meal is disgusting - disregard their opinion about pretty much everything.
Hyde 💨@BreatheLesss
Antimetabolic, pro inflammatory, slop. Disgusting, frankly.
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@BigCheds OTC's charging premiums now given the supply they have access too.
Interesting times ahead.
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