Ramie911
6.1K posts
“bITcOin iS an CiA opERAtion”
-> Even the Host is laughing at him..
The only thing this video proofs, is that he hasn’t spend even 5min researching Bitcoin:
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"Where are the servers of Bitcoin located?” - Prof Jiang
That single question from Jiang shows the misunderstanding immediately.
Bitcoin does not run on one company’s servers,
Bitcoin runs on a distributed network of nodes spread across the world, which is exactly why it is hard to censor, shut down, or control, plus the mining system on top of it to protect it with energy.
When someone frames Bitcoin like a centralized system, they are not critiquing Bitcoin as it is.
They are critiquing a version of Bitcoin that exists only in their own confusion.
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Ansel is right. People with this view don’t truly understand the open source aspect or the proof of work aspect fully.
A strong point about Bitcoin is that it literally doesn’t matter who created it. It can be assessed on its own merits since it’s transparent and decentralized.
Ansel Lindner@AnselLindner
🚨 "People recognize [bitcoin] is the CIA. I want to know where the databases are, where the servers are, physically.” - Prof Jiang This is the opinion of so many midwits. It's also the reason even some gold bugs cannot comprehend bitcoin to this day, and why midwits believe in centralized scam sh*tcoins. They don't understand decentralization.
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“Bitcoin is a CIA operation. Where are the blockchain servers even located?” says Chinese commentator Professor Jiang.
When someone asks this, you know they don’t understand Bitcoin at all.
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🇨🇳 TODAY: Chinese professor Jiang Xueqin says Bitcoin is a "CIA operation," questioning where the blockchain servers are located.
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We've just introduced laws to crack down on petrol price gouging with huge fines.
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@Ledger @Lombard_Finance @Figment_io Can you connect ledger live to your own node? Do you have any guides to show how?
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“Store BTC and do nothing” is one strategy 🥱
This is another.
In Ledger Wallet, BTC holders can access Lombard’s fully backed LBTC via Figment and earn rewards, with Ledger-level control intact.
@Lombard_Finance @Figment_io
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@Ledger @ypto_pia I guess there was never a firmware that could extract the private keys to 3 shards. I guess millions of customers data was never hacked and they are not getting scam calls and letters. x.com/ledger/status/…
Ledger@Ledger
"There are three parties (in 3 different jurisdictions) storing the shards - one is @Coincoverglobal, which already works with several B2B offerings, that keeps one shard of and provides the $50k insurance plan; the other escrowtech, which backs up the 3rd shard. And there are two ID verification providers." -@P3b7_
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No backdoor. Period.
Suggestions that Ledger devices have a backdoor are categorically false. These suggestions show a misunderstanding of how the Ledger security model works.
To be clear, Ledger does not have access to your seed phrase, only the user has access to their seed phrase. With Ledger, your keys stay yours. Always. Your private keys are on your Ledger device, and that's exactly the point.
We encourage everyone to research thoroughly and make informed decisions about their security. Learn more: ledger.com/academy/topics…
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Stephan Livera@stephanlivera
What do Bitcoiners do about Quantum? with Matt Corallo | SLP719 @TheBlueMatt, Bitcoin & Lightning developer at @spiralbtc joins me to discuss the threat of Q-Day on Bitcoin, and his ideas on how to gracefully deal with it. (00:00) - Intro (00:51) - Quantum computing timelines (03:38) - Are Bitcoin developers taking the quantum threat seriously? (07:41) - Evaluating the quantum threat (10:00) - The 'Matt Corallo Quantum Plan' (17:48) - Future community decisions on quantum security (20:12) - Will Bitcoin need a soft fork? (23:30) - Market response to quantum threat (28:15) - The role of seed phrases in quantum security (33:40) - Post quantum cryptographic schemes (37:23) - Patoshi miner adapting to Q-Day (43:25) - Which public cryptography scheme is most suitable? (50:20) - Closing thoughts
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Are bitcoiners underestimating the quantum computing threat?
In this @Unchained_pod episode, @drakefjustin and @ChrisPeikert join me to unpack:
🤖 The quantum computing risk to crypto
🤫 How governments may be the dark horse in the quantum race
👀 Why Bitcoin and Ethereum may need to collaborate on post-quantum cryptography
🤔 Whether Nic Carter is right about Bitcoin
💀 How AI could break modern cryptography faster than quantum
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Wow, still reeling from what Nic said about how he thinks the most likely outcome of the quantum threat to Bitcoin is that Blackrock and other institutions will "fire the devs" 😱
Laura Shin@laurashin
.@nic_carter on the quantum threat 😱 "I think the devs will continue to do nothing. But institutions will get fed up and 'fire the devs'. BlackRock will be like: what choice do we have?" x.com/i/broadcasts/1…
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BREAKING: Nvidia backed company planning to develop first hotel on the Moon by 2032.
Starting at ~$416,667 per night.
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Gold is eating Bitcoin's lunch. Bitcoin is now down 32% priced in gold since its August high. This Bitcoin bear market will be brutal. HODLers, sell your fool's gold now and buy the real thing, or have fun going broke.
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@aguyonx12839 @steve_hanke Ok thank you. When I see gold prices go double in the last 5years. Make me wander even if these inflation data is even accurate. Did gold become twice as valuable or did the dollar lose half its value.
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@ramie911 @steve_hanke Graduate wages kinda has, but we just had an abnormal era of inflation touching 75%. Plus, to get a higher Graduate salary, u will need to shift to whatever is the most profitable / popular / new industry in your country.
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Sri Lanka’s inflation is at 0.7%/yr, that's way below its target inflation of 4-6%/yr.
WHY?
That's because Sri Lanka’s money supply (M2) is growing at 10%/yr, BELOW Hanke's Golden Growth Rate of 13.5-15.5%/yr.
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@aguyonx12839 @steve_hanke Agree, I say this because I see graduate wages have not don’t doubled in 18 years. Yet everything else including has housing has gone up through the roof. Inflation seems to be form of modern day slavery.
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@ramie911 @steve_hanke But this is also why u try getting yourself promoted and climb the coperate ladder. Your wages will easily keep up with inflation if so.
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@aguyonx12839 @steve_hanke Doesn’t 5% inflation over 18 years mean purchasing power of the currency has halved? I know my wages. Has not doubled in 18 years of work😳
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