oatspush
536 posts


Verizon introduces new customer-first programs and benefits and announces a brand refresh.
Learn more: vz.to/vz498
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@seanonolennon @Benitezvotes201 aren't you a millionaire? c'mon man. I know money can't buy happiness but surely it can buy a boat you can sail right up next to it.
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@Benitezvotes201 I’m not grumpy but I’m not happy either.
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Open letter with a positive vision for AI, signed by @OpenAI amongst many others:
Ron Conway@RonConway
We all share responsibility for building AI that improves lives & unlocks a better future for humanity. @SVAngel makes this pledge, and we are proud to initiate this Open Letter: Build AI for a Better Future. Please join @OpenAI, @Meta, @Google, @YCombinator, @HuggingFace, @Databricks, @MistralAI, @elevenlabs, @Salesforce, @Microsoft & others in signing today! Sign here: openletter.svangel.com
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@thealexgalaxy @francispouliot_ this is the dumbest shit ever..... no one wants to worry about this crap.
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You receive 10 payments of 0.1 BTC from 10 different people, so you have 10 utxos.
None of them know about the 9 other payments, nor do they know your wallet balance.
If you consolidate the utxos, each of the people are aware:
- You had (at least) 1 BTC in the wallet
- You received those 9 other transactions
Not only that, but in the future, anyone you send a payment to will also know that you had (at least) 1 BTC in your wallet, and will also know about the 10 transactions you received.
That is why a sophisticated UTXO management strategy involves strategically consolidating utxos into different categories (for example, the ones you don't care your wife or your clients knowing about vs. the ones that nobody else needs to know about) and also splitting your consolidated utxos into relatively small amounts (e.g. 0.1 BTC maximum) so that in the future when you spend the Bitcoin for less than 0.1 BTC, whoever you pay will only know that you had 0.1 BTC and won't know the total amount of Bitcoin that you have.
For what it's worth, I think that 0.1 BTC actually is the ideal amount for a UTXO. 0.01 BTC should be the minimum.
Thad Jarvis@DanDan20402
@francispouliot_ What are the privacy drawbacks? I used this method... a bit concerne now.
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@francispouliot_ Great post. However when fees are 1000sats/vb 1 txn will cost ~200k sats.
So to move that 0.01 UTXO will pay 20% txn fees
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@rfo2000 @mbrochh @francispouliot_ been hearing this for years. lightning still requires an on-chain transaction
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@mbrochh @francispouliot_ it is a known problem that many are working on (Lightning, Liquid, RGB, Cashu, Fedimint)
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@LogicalShaman @mbrochh @francispouliot_ how so? more on-chain activity means more sats to get a confirmation...
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@mbrochh @francispouliot_ This problem is way over blown. As Bitcoin becomes worth more, fees denominated in SATs will actually go down over time, while the value payed in fees actually goes up.
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@rajatsoni you are not being transparent about he fact that majority of holders will be eaten alive by a rising fee market.
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You DON'T need to buy 1 whole #Bitcoin for $43,000.
This is a common misunderstanding.
You can buy fractional units of Bitcoin called Satoshis (think of it like dollars and cents).
1 #BTC = 100,000,000 Satoshis.
When you go to an exchange, search for Bitcoin or BTC.
This conversion is automatic - you don't have to do anything - the exchange will do it for you.
Today, if the total 21,000,000 BTC supply was split between everyone in the world (8B people), everyone would get 0.002625 BTC or 262,500 Satoshis.
Bitcoin won't be split evenly.
Some people have thousands of BTC.
Others have none.
Today, you can buy 262,500 Satoshis for $112 USD.
As more people figure out how Bitcoin works, 0.002625 BTC will cost $250, then $500, then $1,000, etc.
You can buy as much or as little as you want at the current market price.
For example, you can buy $100/week, $10,000/month, $5/day - whatever amount you are comfortable with.
As more people understand Bitcoin, acquiring a significant amount will become much more difficult.
Most people already can't afford 1 BTC.
In 3-5 years, it will be extremely difficult to acquire 0.1 BTC (10,000,000 Satoshis are $4,300 today).
In 7-10 years, it will be extremely difficult to acquire 0.01 BTC (1,000,000 Satoshis are $430 today).
STUDY BITCOIN.
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@hannawhitt @APompliano they don't care. but it will ultimately bite them when everyone's back is against the wall.
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@APompliano Sometimes it isn’t just about the money. It’s about the people. Have you never seen Wall Street?
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